CB Richard Ellis downsizes (at bizjournals.com)

Washington Business Journal - by CB Richard Ellis Inc. has laid off an undisclosed number of employees as part of a national restructuring plan. The layoffs include John Blumer, managing director of its Baltimore office, a company official said. Sources familiar with the restructuring said about 200 workers have been laid off. Robert McGrath, spokesman for CB Richard Ellis, declined to disclose the exact number of workers, citing federal Securities and Exchange Commission regulations. McGrath described the layoffs as “modest.” He also said the company would disclose more information about the layoffs in its third-quarter earnings. Blumer declined to comment. He referred calls to John Germano, executive managing director for CB Richard Ellis’s mid-Atlantic region, who could not be reached for comment. But in an e-mailed... [read full story]