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CB Richard Ellis named to Fortune's roster of Industry's most admired companies

Here's our annual list of the 50 best corporate performers. To arrive at the BusinessWeek 50, we run data screens on all of the companies in the Standard & Poor's 500-stock index, focusing on sales growth rate and return on invested capital.

Across the U.S., top companies and organizations are continuing to promote strategic energy management through participation in ENERGY STAR. CB Richard Ellis will be honored for smart energy management practices and investments throughout its operations that resulted in significant energy and financial savings in their managed portfolio. CBRE is the only commercial real estate services firm so recognized this year with a Partner of the Year award.

The positive outlook of the German economy is pushing Central and Eastern Europe economies forward, a recovery that also supports Turkey, accord¡ng to Peter Damesick, chief econom¡st at property adviser CB Richard Ellis. Turkey is on the map for many investors, he says. Still, the country has solid rivals.

Throughout the 1990s, the Turkish economy was characterized by periods of growth marred by runaway hyperinflation, including financial crises in 1994 and 1997 in which inflation soared and banks failed. Two earthquakes in 1999 further devastated the economy. There were political elements to the economic troubles as well with coalition governments disagreeing over policies. In 1999, inflation was recorded at 75% and the currency constantly devalueing agains the U.S.Dollar to reach TL 1.7m to 1 U.S.Dollar.