CB Richard Ellis surges on stock plan - Atlanta Business Chronicle:

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CB Richard Ellis stock surged as much as 21 percenf on news of the new TheLos Angeles-based brokeer plans to offer $400 million in senior unsubordinated notes in a privated placement. It will also sell $100 million in new Classs A common stock to investors including hedge fundPaulsojn & Co., Inc., and may raise another $50 million in periodix public stock sales. CB Richard Ellis has $2.4 billion in $310 million of it due next according toBloomberg data. Much of its debt was incurrerd throughits $1.9 billion acquisition of Trammell Crow in 2006.. CB Richard Ellis follows Jones LangLaSalle Inc.
, which Tuesda said it planned to raise as much as $200 millioh in a secondary stock offering of 5.5 millio shares. CB Richard Ellis stock (NYSE: CBG) rose or 15 percent, to $9.38 per share in afternoon