G&L, based in Beverly Hills, is a public real estateinvestment trust whose stock is traded on the New York StockExchange under the symbol GLR. On an average day, only about 2,000of its outstanding common shares change hands.

To be sure, no one will ever confuse tiny G&L, which postedrevenue of $34 million last year, to mighty CB Richard Ellis, whichrecorded $1.2 billion in 1999 worldwide revenue. Yet, the effortsto take over the companies bear some similarities.

In G&L's case, CEO Daniel M. Gottlieb (he's the "G" inG&L) and president Steven D. Lebowitz (the "L") recentlyoffered to pay $10 a share for the 71% of outstanding common stockthat they don't already own. Likewise, some of CB Richard Ellis'top brass are part of the group that's trying to take their firmprivate by buying the 62% of shares their own group doesn'tcontrol.