Los Angeles, May 15, 2012 – CBRE Group, Inc. (CBRE) has been named the world's fastest-growing retail property and leasing manager by Chain Store Age for the second straight year. The retail industry publication's April/May 2012 issue reported that CBRE added 48.8 million sq. ft. of new global retail property management assignments in 2011.
"Our retail professionals continue to deliver best-in-class retail solutions to our clients around the globe," said Todd Caruso, Senior Managing Director, CBRE Retail Agency Services. "It is a testament to the depth and breadth of our market-leading platform to be recognized once again by Chain Store Age as the fastest-growing retail property manager in the world."
Chain Store Age's 23nd annual survey of Fastest-Growing Managers measures domestic and international third-party management and leasing contracts obtained during the preceding calendar year.
CBRE serves a vast of array of clients—including the nation's leading retailers and retail property owners—with a full spectrum of services including property management, outsourcing, retail disposition, leasing, investment sales, debt or equity restructuring, valuation and consulting. In 2011, CBRE executed more than $29.2 billion in retail sales and leasing transactions worldwide.
Earlier this year, CBRE led National Real Estate Investor's Top Brokerage list for the ninth year in a row. For the fifth straight year CBRE was also included in the FORTUNE 500 and is also the highest ranked commercial real estate services firm on FORTUNE's list of the Most Admired Companies.
In 2011, CBRE arranged global sales and leasing transactions with total value of $159 billion and managed commercial properties and corporate facilities totaling more than 3.2 billion sq. ft., including properties managed by affiliate companies.
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 2011 revenue). The Company has approximately 34,000 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 at www.cbre.com.