Tucson is Arizona's second-largest city, behind Phoenix. The newjoint-venture arrangement is part of CB Richard Ellis' PartnersProgram.
"CB Richard Ellis has created a wonderful opportunity for thelocal production team to own a majority interest in this officeand, therefore, control its future," says Tim Prouty, who willserve as the firm's president and CEO.
Strong ties to the Phoenix office of CB Richard Ellis will bemaintained as two local executives, Greg Coxon and George Kallis,will sit on the board of CB Richard Ellis-Tucson LLC.
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