LOS ANGELES, CA--(BUSINESS WIRE)--CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has been selected by Union Bank, N.A. to provide full service outsourcing, including facilities management, transaction management, project management, consulting and lease administration services, for Union Bank’s real estate occupancy portfolio. The multi-year contract with Union Bank, a full service commercial bank with $80.6 billion in assets, encompasses over 5 million sq. ft. and 400 locations primarily in California, as well as Oregon, Washington, Texas and New York.
“Union Bank is going through an unprecedented transformation to drive future long-term growth,” said Cynthia Rock, senior vice president of corporate real estate for Union Bank. “Our partnership with CBRE will enhance the Bank’s operational agility while delivering innovation and cost savings opportunities.”
As the leading real estate outsourcing service provider to the financial services industry, we look forward to proactively contributing our experience and integrated service capabilities to serve Union Bank’s strategic needs as they position themselves competitively for the future,” said Bill Concannon (top right photo), president of Global Corporate Services for CB Richard Ellis.
CB Richard Ellis signed a record 47 new, expanded and renewal outsourcing contracts in the second quarter of 2011, surpassing its previous record of 44 total contracts signed in a quarter, which was achieved in the first quarter of 2011.
Contacts
CB Richard Ellis
Robert McGrath
Senior Director, Communications
212-984-8267
or
Union Bank
Tom Taggart
SVP & Director, Corporate Communications
415-765-2249
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