The Real Deal Miami

CB Richard Ellis restructures debt

August 26, 2009 03:39PM

CB Richard Ellis Group, the world’s largest commercial real estate firm, has revamped $994 million in debt, completing a series of swaps into longer debt maturities. It sold $600 million in securities to raise capital, and was able to extend about $750 million in term debt to varied repayment schedules from 2013 to 2015, said Brett White, president and CEO. CBRE has offices in Miami, Fort Lauderdale and West Palm Beach.