Wednesday’s issue regarding an arrangement between Diamond Communications and a real estate firm incorrectly identified the company CBRE as Coldwell Banker Real Estate when it historically stands for Coldwell Banker Richard Ellis. Today the company identifies only with the acronym. Inside Towers regrets the error.
Editor’s note: Although Inside Towers does not run press releases unedited, as a means of clarification we are reprinting the initial release here verbatim:
CBRE GROUP, INC. WORKS WITH DIAMOND COMMUNICATIONS LLC TO LEASE SPACE FOR WIRELESS INFRASTRUCTURE THROUGHOUT THE U.S.
AUSTIN, Texas – September 20, 2016 – CBRE Group, Inc. (NYSE:CBG) announced today that CBRE will work with New Jersey-based Diamond Communications LLC to lease space at properties nationwide for Diamond’s wireless infrastructure management services.
“As the wireless industry continues growing rapidly across the U.S., the need for expanded network coverage grows too. We are very excited about the opportunity to work closely with CBRE, the preeminent commercial real estate services firm,” said Ed Farscht, Chief Executive Officer of Diamond Communications.
Jerry Frey, senior vice president, CBRE, said: “We are excited to work with Diamond, a leader in the wireless infrastructure industry. Their wireless infrastructure capability helps to create value from underutilized real estate, such as rooftops, building sides, excess land and parking lots.”