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CB Richard Ellis has officially merged with Insignia Financial Group after Insignia shareholders gave their approval of the merger with Los Angeles-based CBRE late last month. CBRE CEO Ray Wirta priced the deal value at $431 million; it was previously reported to be $415 million. The company, which will be known by the CBRE brand, has revenues of more than $1.7 billion and a total workforce of more than 14,000 employees in over 250 offices in 48 countries.
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