Sanford Criner, an executive vice president of the newly formed group, tells GlobeSt.com that the closing took place as planned late last week. The acquisition puts Trione & Gordon in charge of tenant representation and corporate services in the city plus CBRE's global energy practice for offices in Calgary, Canada, Aberdeen, Scotland, Sao Paulo, Brazil, London, Singapore, Paris and Mexico City.
William Penland, senior managing director and head of CBRE's local office, says the Trione & Gordon name stays out front for two years. Then, the name will be changed to CB Richard Ellis, he says. Earlier in the acquisition talks, Trione & Gordon, formed nearly 20 years ago by Gerard Trione and Charles Gordon, dropped a 12-year relationship as the local affiliate for Oncor International.
Criner says Trione & Gordon had been seeking a way to offer international services to clients like Enron Corp., Schlumberger Ltd. and Anadarko Petroleum Corp., noting the "largest, most complex and most interesting deals" require such a platform. From Penland's perspective, CBRE is the only platform that would allow Trione & Gordon to consistently service its many worldwide clients.
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