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CBRE Seizes Opportunity in Vacant Dealerships, Ramps Up Automotive Group

Published Thursday, September 17, 2009

The closure of nearly 2,000 Chrysler and General Motors auto dealerships across the country, which has caused hardship for many former franchisees, is presenting a windfall of marketing opportunities for commercial real estate brokers including Los Angeles-based CB Richard Ellis (CBRE). In the past 12 months, CBRE has sold more than 50 vacated auto dealership properties and the brokerage has ramped up its four-year-old automotive properties group, founded by Jodi Meade, director of the Western region of the automotive properties division. The Western division has joined forces with CBRE’s Detroit office at the heart of ...

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