CB Richard Ellis Group Inc. has acquired Redstone Real Estate Advisors Inc., an Akron, Ohio-based boutique firm specializing in retail clients. Terms of the acquisition were not released.Redstone principals Tom Flynn and Dan Masteller will become senior vice presidents at CB Richard Ellis. The firm, founded in 2002, has five employees including Flynn and Masteller, a CB Richard Ellis spokesperson told CPN today. Redstone specializes in retail tenant representation in the Midwest, particularly Ohio, Michigan, Indiana and Kentucky. Main clients include Wal-Mart and Sam\u2019s Club.\u201cThe Redstone acquisition significantly augments our retail tenant representation practice in the Midwestern United States,\u201d Jim Reid, CBRE\u2019s president of the Eastern Division, said today in a release. \u201cTom Flynn and Dan Masteller each have outstanding reputations in the marketplace among both tenants and owners, and their combination with CBRE underscores our commitment to having the industry\u2019s best professionals on our team.\u201dRedstone\u2019s employees will be integrated into CBRE\u2019s Akron office and will report to Dave Browning, managing director of the firm\u2019s Cleveland office.Flynn noted in the release that \u201cidentifying and implementing precise solutions\u201d for their clients had been the foundation of Redstone\u2019s business. He added that with the CBRE services platform and brand behind them, \u201cwe can now serve our existing and new clients in more markets with strong on-the-ground resources and unparalleled market intelligence.\u201dThe acquisition closed Thursday. The firm also recently acquired three affiliated firms located in Salt Lake City; Fresno, Calif.; and Albuquerque, N.M., the spokesman said. Terms of those deals were not disclosed.\u00a0 Last month, CBRE acquired Eurisko Consulting SRL, a Romanian commercial real estate services firm, for approximately $35 million, according to a Feb. 8 CPN report. The commercial real estate services firm has over 29,000 employees and more than 300 offices around the globe, including affiliate offices.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
CB Richard Ellis Group Inc. has acquired Redstone Real Estate Advisors Inc., an Akron, Ohio-based boutique firm specializing in retail clients. Terms of the acquisition were not released.Redstone principals Tom Flynn and Dan Masteller will become senior vice presidents at CB Richard Ellis. The firm, founded in 2002, has five employees including Flynn and Masteller,…<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1003721992","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\n