| From Propertyeu.info: The two largest global commercial real estate advisory firms have reported a strong bounce back to profitability in the second quarter of this year, thanks to the combined effect of cost-cutting and higher earnings driven by a pick up in market activity.
Los Angeles-based CBRE, the largest property advisor in the world, posted a profit of just under $55 mln (EUR 42.3 mln), or $0.17 per share, for the period from April to June this year compared with a net loss of $6.6 mln, or $0.02 loss per share, in the second quarter of 2009..............................................Full Article: Source |