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Commercial Property Market Officially Joins the Downturn
CB Richard Ellis(CBG Quote) , the world's No. 1 provider of commercial-real-estate services, has filed to sell 50 million shares of common stock.
The stock is down over 25% today as the amount of shares it is selling is nearly 25% of the company's share float. Management said it plans to use the offering's net proceeds for general corporate purposes. ...
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