Los Angeles, November 9, 2011 – CBRE Group, Inc. was recently honored by CoreNet Global with its annual H. Bruce Russell Global Innovator’s Award, conferred at the CoreNet Global Summit in Atlanta, GA. The award—which showcases solutions, best practices and innovations in corporate real estate and workplace management—recognized CBRE for its Global LaborView, an online tool that synthesizes labor and real estate market intelligence on a unique, interactive platform. CoreNet Global is the world’s leading corporate real estate association.
“Winning the CoreNet Global Innovator’s Award underscores the best-in-class market information we offer our clients seeking global labor and real estate intelligence worldwide,” said Mark Seeley, Global Practice Leader, CBRE Labor Analytics Group (LAG).
Global LaborView enables corporate real estate executives to address one of the biggest enterprise challenges facing organizations moving forward: how to successfully navigate and implement solutions at the intersection where the corporate need for human capital meets real estate.
“We congratulate CBRE and its Labor Analytics team, on developing this innovative platform to better inform clients’ site selection efforts,” said Angela Cain, CEO of CoreNet Global. “This prestigious award recognizes truly forward thinking efforts advancing corporate real estate and workplace professionals. CBRE emerged from an outstanding group of entrants, rising to the top of its peer group.”
“We recognized the urgent need to provide our clients with an informed perspective not resident in public domain; one that delivers insight by subject matter experts with on-the-ground regional experience,” said Jim Trobaugh, Senior Vice President, CBRE Labor Analytics Group. “The main objectives of the application are to access relevant data, supporting key location analysis business drivers including intelligent assessments of regional demographics, infrastructure, labor and political and economic risk.”
“In today’s economy, global companies are constantly evaluating their current locations as well as potential new areas to grow their business,” said Julie Whelan, Vice President, Global Realty Service, State Street. “Having this tool allows our real estate organization to quickly respond to business inquiries with confidence that we are providing consistent data. In turn, the company makes more informed decisions and our department becomes a more value-add business partner within the organization.
This is the third time CBRE has won CoreNet’s Global Innovator’s Award. The first was in 2006 for the M&A Playbook, a tool developed in partnership with McKesson Corporation, and the second in 2007 for LAG’s development of the Workforce Longevity Model, now called LaborPlan™
Leading with labor, the Labor Analytics Group has conducted more than 850 customized site selection and market evaluations assignments over the last 16 years, producing millions of savings for hundreds of companies across all major industries. The team leverages proprietary labor market intelligence to select the best performing locations and assess current market and portfolios through workforce strategy. For more information, please visitwww.cbre.com/glv.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site atwww.cbre.com.