Los Angeles, June 17, 2014 – CBRE Group, Inc. has been named the world’s fastest-growing retail property and leasing manager by Chain Store Age for the fourth straight year. The retail industry publication’s April/May 2014 issue reported that CBRE added 39 million square feet of new global retail property management assignments in 2013. Fameco Real Estate, which CBRE acquired in September 2013 and now operates as CBRE|FAMECO, while independent, was ranked fourth on the list adding an impressive 12 million sq. ft. of new global retail property management assignments through September 2013.
“We are pleased to again be named the world’s fastest-growing retail property and leasing manager,” said Todd Caruso, Senior Managing Director, Retail Agency Services, CBRE. “The addition of Fameco will aid our momentum as we continue to grow our retail property management practice and expand the services we offer our clients.”
Chain Store Age’s 25th annual survey of Fastest-Growing Third-Party Managers measures domestic and international 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 2013, CBRE executed more than $36.7 billion in retail sales and leasing transactions worldwide.
Earlier this year, CBRE led National Real Estate Investor’s Top Brokerage list for the eleventh year in a row. For the seventh straight year CBRE was also included in the FORTUNE 500 and was also the highest ranked commercial real estate services firm on FORTUNE’s list of the Most Admired Companies.
CBRE provides a broad range of commercial real estate services on a global basis. The company was responsible for more than $223.2 billion of property sales and lease transactions in 2013, and managed more than 3.5 billion sq. ft. (including properties managed by affiliates) of commercial properties and corporate facilities as of December 31, 2013.
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 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 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.