The Top 25 Brokerages listing is based on responses to NREI's Top Brokerage survey. Responses were originally published in the April issue of NREI. Brokers were asked to provide the total dollar value of leasing transactions and investment sales during 2003. The totals were combined to determine the company's ranking.

1. CB Richard Ellis Inc.

865 South Figueroa St., 34th Floor
Los Angeles, CA 90017
Phone: (213) 438-4880
E-mail: jen.hall@cbre.com Web site: www.cbre.com
Ray Wirta, CEO; Brett White, President
Total Amount of Investment Sales & Leasing Transactions: $83 billion

2. Cushman & Wakefield Inc.

51 West 52nd St.
New York, NY 10019
Phone: (212) 841-7500
Web site: www.cushmanwakefield.com
Arthur J. Mirante, President/CEO; Bruce Mosler, President, U.S. Operations
Total Amount of Investment Sales & Leasing Transactions: $40.2 billion

3. Colliers International

50 Milk St.
Boston, MA 02109
Phone: (617) 722-0221
E-mail: kgalvin@colliers.com
Web site: www.colliers.com
Margaret Wigglesworth, President/CEO; David Kahnweiler, Chairman; Richard Kimball, SVP
Total Amount of Investment Sales & Leasing Transactions: $27.7 billion

4. NAI

572 Route 130
Hightstown, NJ 08520
Phone: (609) 448-4700
E-mail: pfaulkner@naidirect.com
Web site: www.naidirect.com
Gerald Finn, Chairman/CEO; Jeffrey Finn, President/COO; David Blanchard, EVP
Total Amount of Investment Sales & Leasing Transactions: $27 billion

5. Grubb & Ellis Co.

2215 Sanders Rd., Suite 400
Northbrook, IL 60062
Phone: (847) 753-7500
E-mail: corporatecommunications@grubb-ellis.com
Web site: www.grubb-ellis.com
Maureen Ehrenberg, President, Global Client Services; Robert Osbrink, President, Transaction Services; Brian Parker, EVP/CFO
Total Amount of Investment Sales & Leasing Transactions: $25.6 billion

6. The CORE Network

15150 Preston Rd., Suite 300
Dallas, TX 75248
Phone: (972) 980-3992
E-mail: pmorita@corenetwork.org
Web site: www.corenetwork.org
Harry M. Lynch, Chairman of the Board; Edward A. Cross II, Vice Chairman; Perry S. Morita, Executive Director
Total Amount of Investment Sales & Leasing Transactions: $20.8 billion

7. Jones Lang LaSalle

200 East Randolph Dr.
Chicago, IL 60601
Phone: (312) 782-5800
E-mail: webmaster@am.jones-langlasalle.com
Web site: www.joneslanglasalle.com
Stuart Scott, Chairman/Interim CEO; Lauralee Martin, EVP/CFO; Peter Roberts, EVP/CEO, Americas
Total Amount of Investment Sales & Leasing Transactions: $16.6 billion

8. The Staubach Co.

15601 Dallas Pkwy., Suite 400
Addison, TX 75001
Phone: (972) 361-5000
Web site: www.staubach.com
Roger Staubach, Chairman/CEO; Elysia Ragusa, President/COO; Ka Cotter, Vice Chairman
Total Amount of Investment Sales & Leasing Transactions: $14.6 billion

9. GVA Worldwide

1569 Sherman Ave., Suite 201C
Evanston, IL 60201
Phone: (847) 733-0883
E-mail: info@gvaworldwide.com
Web site: www.gvaworldwide.com
Michael Corbett, Chairman; Michael T. Cohen, Vice Chairman; Betsy Baer, COO
Total Amount of Investment Sales & Leasing Transactions: $13.5 billion

10. TCN Worldwide

2419 Coit Rd., Suite A
Dallas, TX 75075
Phone: (972) 769-8701
E-mail: ccrow@tcnworldwide.com
Web site: www.tcnworldwide.com
Ross Ford, President; Herbert Agin, Chairman; Neil Siderow, Vice Chairman
Total Amount of Investment Sales & Leasing Transactions: $11.1 billion

11. Trammell Crow Co.

2001 Ross Ave., Suite 3400
Dallas, TX 75201
Phone: (214) 863-3000
E-mail: ir@trammellcrow.com
Web site: www.trammellcrow.com
Robert E. Sulentic, Chairman/President/CEO; Michael J. Lafitte, President, Global Services; Robert K. Shibuya, Executive Director
Total Amount of Investment Sales & Leasing Transactions: $10.9 billion

12. Marcus & Millichap

16830 Ventura Blvd., Suite 352
Encino, CA 91436
Phone: (818) 907-0600
E-mail: mcocagne@marcusmillichap.com
Web site: www.marcusmillichap.com
George M. Marcus, Co-Chairman; William A. Millichap, Co-Chairman; Harvey E. Green, President/CEO
Total Amount of Investment Sales & Leasing Transactions: $10.3 billion

13. Newmark & Co. Real Estate Inc.

125 Park Ave.
New York, NY 10017
Phone: (212) 372-2000
E-mail: marketinggroup@newmarkre.com
Web site: www.newmarkre.com
Jeffrey Gural, Chairman; Barry M. Gosin, Vice Chairman/CEO; James D. Kuhn, President
Total Amount of Investment Sales & Leasing Transactions: $6.5 billion

14. Burnham Real Estate

4435 Eastgate Mall, Suite 200
San Diego, CA 92121
Phone: (858) 452-6500
E-mail: hillestad@burnhamrealestate.com
Web site: www.burnhamrealestate.com
Stath Karras, President/CEO; Kit Sparks, CFO; Jim Munson, Managing Director, Brokerage
Total Amount of Investment Sales & Leasing Transactions: $5.9 billion

15. Transwestern Commercial Services

1900 West Loop South, Suite 1300
Houston, TX 77027
Phone: (713) 270-7700
E-mail: mediarelations@transwestern.net
Web site: www.transwestern.net
Robert Duncan, Chairman; Larry P. Heard, CEO; Mark Doran, COO
Total Amount of Investment Sales & Leasing Transactions: $4.2 billion

16. Lee & Associates Commercial Real Estate

3991 MacArthur Blvd., Suite 100
Newport Beach, CA 92660
Phone: (909) 241-7904
E-mail: blee@lee-associates.com
Web site: www.lee-associates.com
Steve Jehorek, President; Ed Indvik, President; Chuck Noble, President
Total Amount of Investment Sales & Leasing Transactions: $4.1 billion

16. Sperry Van Ness

18881 Von Karman, Suite 800
Irvine, CA 92612
Phone: (949) 250-4100
Web site: www.svn.com
Mark Van Ness, CEO; Rand Sperry, CEO, SVN Equities; David Frosh, President
Total Amount of Investment Sales & Leasing Transactions: $4.1 billion

18. CORFAC International — Corporate Facility Advisors

2000 N. 15th St., Suite 101
Arlington, VA 22201
Phone: (703) 528-3500
E-mail: info@corfac.com
Web site: www.corfac.com
John Owen, President; Todd Payne, Vice President; Thomas P. Bennett, Executive Director
Total Amount of Investment Sales & Leasing Transactions: $4 billion

18. HFF — Holliday Fenoglio Fowler

2000 Post Oak Blvd., Suite 2000
Houston, TX 77056
Phone: (713) 852-3500
E-mail: mmoren@hfflp.com
Web site: www.hfflp.com
John Pelusi, Executive Managing Director; Mark Gibson, Executive Managing Director; Jody Thornton Executive Managing Director
Total Amount of Investment Sales & Leasing Transactions: $4 billion

20. CRESA Partners LLC

100 Park Ave., 24th Floor
New York, NY 10017
Phone: (212) 758-3131
E-mail: info@cresapartners.com
Web site: www.cresapartners.com
Michael Dow, President/CEO; Bill Goade, Chairman; Gerald Porter, Vice Chairman
Total Amount of Investment Sales & Leasing Transactions: $3.9 billion

21. Century 21 Real Estate Corp.

1 Campus Dr.
Parsippany, NJ 07054
Phone: (973) 496-7433
Web site: www.century21.com/commercial
Van Davis, President/CEO; Jacob Stepan, COO; John Greenleaf, SVP, Marketing
Total Amount of Investment Sales & Leasing Transactions: $2.6 billion

22. Richards Barry Joyce & Partners

53 State St.
Boston, MA 02109
Phone: (617) 439-6000
E-mail: info@rbjrealestate.com
Web site: www.rbjrealestate.com
Robert Richards, President; Michael Joyce, Partner; John Barry, Partner
Total Amount of Investment Sales & Leasing Transactions: $1.1 billion

22. Duke Realty Corp.

600 East 96th St., Suite 100
Indianapolis, IN 46240
Phone: (317) 808-6000
E-mail: donna.hovey@dukerealty.com
Web site: www.dukerealty.com
Thomas L. Hefner, Chairman; Dennis D. Oklak, President/COO; Robert M. Chapman, SEVP/Head of Real Estate Operations
Total Amount of Investment Sales & Leasing Transactions: $1.1 billion

24. Molinaro Koger

1676 International Dr., Suite 575
McLean, VA 22102
Phone: (703) 760-9600
E-mail: sharon@zestcommunications.com
Web site: www.molinarokoger.com
Robert Koger, President; Eric Kudlak, Managing Director, Europe; Mark Morris, SVP
Total Amount of Investment Sales & Leasing Transactions: $825 million

25. Mid-America Real Estate Corp.

Two Mid-America Plaza, Third Floor
Oakbrook Terrace, IL 60181
Phone: (630) 954-7800
Web site: www.midamericagrp.com
Michael D. George, Principal; Stanley Nitzberg, Principal; Richard Drogosz, Principal
Total Amount of Investment Sales & Leasing Transactions: $804.6 million