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CBRE to Handle FDIC’s Portfolio of Owned Real Estate
CB Richard Ellis Inc. has netted a major client: The Federal Deposit Insurance Corp. has tapped the services firm to serve as primary advisor for the residential and commercial real estate it acquires from failed financial institutions. Terms of the deal were not revealed. CBRE will be tasked with the property management, leasing and ultimate disposition of these assets across the country, Puerto Rico and the U.S. Virgin Islands.
