CB Richard Ellis, the global property services firm, posted net income of $6.5 bn (EUR 5 bn) or earnings per share of $0.03 in the fourth quarter of 2008, a 94% drop on the same period a year before ($0.54) and down 92% on the full-year figure ($0.37). Fourth-quarter revenue amounted to $1.3 bn, compared with $1.8 bn for the fourth quarter of 2007.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
