Los Angeles – April 16, 2013 – CoreNet Global recently named CBRE Group, Inc. as a finalist in the 14th Annual Global Innovators Award Program. The award is CoreNet Global’s ultimate and most prestigious award, recognizing innovation and thought leadership at the real estate industry’s highest levels. CoreNet Global is the world’s leading corporate real estate association.
CBRE was recognized among 60 entrants across three award categories for its Super Storm Sandy disaster recovery efforts in October 2012, and systemic best practices before, during and since the unprecedented weather event. Impacting more than 80 of CBRE’s occupier clients, the company logged more than 3,500 labor hours from inside and outside the impacted region to assess all client sites and begin restoration efforts, and delivered 46,000 gallons of fuel to CBRE clients at 11 locations. The company used weather tracking technology to plot future impact areas against human resources and portfolio data, and leveraged on-the-ground resources, CBRE teams from other regions and service partners in real time to anticipate and deploy resources.
“CBRE’s commitment to innovative business continuity during extraordinary circumstances is to be commended,” said Angela Cain, CEO of CoreNet Global. “This recognition underscores a ‘client first’ commitment that is the hallmark of the real estate industry’s best professionals. It also serves as an illustration of the many best practices companies used during the disaster, as CoreNet Global research recently showed.”
“Super Storm Sandy represents the largest Atlantic hurricane on record, with damages exceeding $75 billion, a total only exceeded by Hurricane Katrina,” said Maureen Ehrenberg, global leader of facilities management for CBRE. “On behalf of our client and service partner teams who continually strive to advance and improve business continuity planning with our clients in preparation for future disasters, we are honored by this recognition.”
A representative CBRE/client team will present its application in front of a panel of judges at Emory University in Atlanta July 24-25, as part of the final phase of the competition. The Global Innovator Award winner will be announced in October at the CoreNet Global Summit in Las Vegas.
This distinction represents the sixth recognition since 2006 bestowed on CBRE as part of CoreNet’s Global Awards Program. Last year the Sprint/CBRE Innovation Council was awarded the Industry Excellence Award for its site assessment mobile application. In 2011, CBRE was awarded the Global Innovator’s Award for its Global LaborView application.
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 and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 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 website at www.cbre.com.
About CoreNet Global
With 7,800 members worldwide, CoreNet Global is the world’s leading professional association for corporate real estate and workplace executives, service providers, and economic developers. For more information, please visit www.corenetglobal.org.