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CBRE Surpasses 300 Leed®-Certified Buildings
CBRE Group, Inc. announced today that it has certified more than 300 buildings through the U.S. Green Building Council LEED® for Existing Buildings rating system, making the company the commercial real estate services and investment industry leader in LEED for Existing Buildings certifications. CBRE’s Global Energy & Sustainability LEED Programs team has now certified 305 buildings totaling more than 95 million square feet in 30 states.
U.S. Equities Realty, LLC Joins CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG) and U.S. Equities Realty, LLC today announced that the companies will combine their Chicago area operations. The transaction brings together CBRE’s global leadership and expertise across markets and business lines with U.S. Equities Realty’s strong position in the greater Chicago area.
Choice and Empowerment Unlock Productivity In The Workplace CBRE Research Finds
A balance of different types of workspaces within an office environment is the key to improving worker productivity, according to a new research report from CBRE Group, Inc. When a company provides a variety of work spaces that employees can select from, CBRE says satisfaction levels increase 10 – 15 percent. Companies are also supporting the way employees work today: Research shows office workers spend less than 50 percent of their time at their desks, and the majority of their time interacting with others.
CBRE Group, Inc. Enters Into Definitive Agreement to Acquire Preuss
CBRE Group, Inc. (NYSE: CBG) today announced that it has entered into a definitive agreement to acquire Preuss Gesellschaft mbH and its subsidiaries (“Preuss”). Preuss was founded in 2003 by Dr. Norbert Preuss and provides market-leading project management services in Germany.
Rapid Growth Of E-Commerce Reshaping US Industrial Market
Robust demand from e-commerce companies and traditional retailers for the limited supply of new, “big-box” facilities is reshaping the U.S. industrial market, resulting in strong leasing for Class A space, build-to-suit development and the return of speculative construction, according to the latest report from CBRE Group, Inc., E-Commerce and the Changing U.S. Industrial Landscape.
London Remains World’s Most Expensive Office Market
London’s West End remained the world’s highest-priced office market, but Asia continued to dominate the world’s most expensive office locations, accounting for three of the top five markets, according to CBRE Global Research and Consulting’s semi-annual Global Prime Office Occupancy Costs survey. The study also found that rents are rising fastest in the Americas, where real estate fundamentals continue to improve significantly. Overall, the U.S. accounted for five of the 10 markets with the fastest growing occupancy costs. These markets were Seattle (Suburban), San Francisco (Downtown), San Francisco (Peninsula), Houston (Suburban) and Houston (Downtown).
Largest Ever Office Purchase at One Bay East, Kowloon
CBRE today announced its participation in the single, largest office tower purchase in the Hong Kong office market, following the agreement for the sale and purchase of the East Tower at One Bay East, in Kowloon East.
CBRE Named Fastest-Growing Retail Property And Leasing Manager By Chain Store Age
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.
CBRE Group, Inc. Ranks #3 Among All Outsourcing Firms Globally
CBRE Group, Inc. (NYSE:CBG) today announced that it has been recognized as a top three outsourcing services provider in the world for 2014, and is once again the highest-ranked commercial real estate services company, according to the International Association of Outsourcing Professionals’ (IAOP) Global Outsourcing 100©. CBRE is the first commercial real estate services firm to be ranked in the top three.
CBRE Named To Fortune 500 For 7th Straight Year
CBRE Group Inc. has been named to the FORTUNE 500 list of the largest U.S.-based companies for the seventh straight year. CBRE was the highest-ranked commercial real estate firm in the 2014 rankings and remains the only commercial real estate services firm ever included on this prestigious list.
International Interior Design Association Recognizes CBRE’s Global Corporate Hq At The 26th Annual Calibre Awards
CBRE’s global corporate headquarters in Downtown Los Angeles was honored by the International Interior Design Associated (IIDA) at the 26th Annual Calibre Awards. CBRE and Gensler, its architectural partner on the project, received the Work Medium award which recognizes the best office projects between 20,000 and 50,000 square feet. The Calibre Awards honors the collaboration between designers, dealers and manufactures that ultimately results in exceptional projects.
Paris Is The World’s ‘Hottest’ Retail Market
Paris is the world’s hottest global retail market attracting 50 new brands last year, while France is ranked as the leading country for new entrants, according to the latest edition of How Global is the Business of Retail? by global property advisor CBRE Group, Inc.
CBRE Group, Inc. Announces Chairman Of The Board Succession
CBRE Group, Inc. (NYSE:CBG) today announced that Richard (Dick) Blum has stepped down as Chairman of the Board and that Ray Wirta has been selected by the Board to succeed Mr. Blum as Chairman. Mr. Wirta was Vice Chairman of the Board. The succession occurred following the annual shareholders’ meeting on Friday, May 16, 2014, during which all directors were reelected.
CBRE Receives Finalist Recognition For Two Industry Innovations From CoreNet Global
CoreNet Global has selected two CBRE Group, Inc. initiatives as finalists in its 14th Annual Global Innovators Award Program. The first initiative is the completion of world’s first WELL-certified commercial office in partnership with Delos Living at CBRE’s global headquarters. The second is the development of a Volume Certification Program using the USGBC’s LEED for Existing Buildings rating system that will see nearly 600 small-format client retail stores gain certification by 2020.
Richard Barkham Joins CBRE Group As Global Chief Economist
CBRE Group Inc. today announced that Richard Barkham, PhD, will join the company on June 16 as Global Chief Economist. Dr. Barkham, a 16-year veteran of the real estate industry, will be based in London and will report to Nick Axford, PhD, CBRE’s Global Head of Research.
CBRE Group, Inc. Recognized Among 2014 Most Valuable Employers For Military®
CBRE Group, Inc. was named a Most Valuable Employer (MVE) for Military® for 2014 in the annual list compiled by CivilianJobs.com, one of the largest military-focused recruiting firms in the U.S. The MVE award recognizes companies for recruiting, training and retention plans that best serve military service members and veterans.
CBRE To Hold 14th Annual Women’s Networking Forum
More than 400 professionals from around the world will come together in Chicago next week for CBRE Group Inc.’s (CBRE) 14th annual Women’s Networking Forum. The 2014 conference, “Dare to be Extraordinary,” is expected to be the largest in the CBRE Women’s Network’s history and will feature presentations from the company’s executives and external business leaders; professional-development workshops and networking events; and a major community service project.
CBRE Releases 2014 Multi Housing Annual Market Report
CBRE Group, Inc. has released its 2014 Multi-Housing Annual Market Report, which provides in-depth analysis of investment property market trends, the state of the debt and equity markets and a snapshot of multi-housing specialty products, including seniors, student, tax credit and manufactured housing.
CBRE Makes Companies That Care Honor Roll For Seventh Consecutive Year
CBRE Group, Inc. today announced it has been named to the Companies That Care Honor Roll for the seventh consecutive year. Employers on the 2014 Honor Roll have demonstrated socially responsible workplace practices and active community involvement, as determined by Center for Companies That Care, a national, not-for-profit organization dedicated to enhancing the well-being of employees, families and communities. CBRE is the only commercial real estate services firm on the list.
Germany Is The Most Popular Global Market For Retailers In 2014
Germany is the most sought after retail market in the world, with 40% of global retailers planning to open a store there in 2014, while U.S. retailers dominate large-scale expansion plans, with almost half aiming to open 40 stores or more, according to the latest research from CBRE Group, Inc.
CBRE Group, Inc. Ranked Among Fortune Magazine's Most Admired Companies
CBRE Group, Inc. (NYSE:CBG) today announced that it was the highest-ranked commercial real estate services and investment firm in Fortune’s 2014 Most Admired Companies list. This is the fourth consecutive year that CBRE was the highest ranked commercial real estate services and investment firm.
CBRE Group, Inc. Closes Acquisition of VALTEQ
CBRE Group, Inc. (NYSE: CBG) today announced that it has closed the acquisition of VALTEQ Gesellschaft mbH and its subsidiaries (“VALTEQ”). VALTEQ is a leading technical real estate consulting firm in Germany, founded by Dr. Thomas Herr, Dr. Gabriele Lüft and Jürgen Scheins, and it specializes in technical and environmental due diligence for commercial real estate. It also provides technical asset management, project management, facilities management and consulting services, and specializes in creating economically-feasible sustainability solutions. VALTEQ’s team of approximately 60 professionals will now be fully integrated with CBRE’s Building Consultancy group in Germany and across Europe.
CBRE Group, Inc. Announces Reorganization Of Global Finance And Corporate Development Functions
CBRE Group, Inc. (NYSE:CBG) today announced a reorganization of its Global Finance and Global Corporate Development activities. Under the new structure, Jim Groch will serve as Chief Financial Officer and Global Director of Corporate Development and Gil Borok will serve as Deputy Chief Financial Officer and Chief Accounting Officer. The new roles will take effect March 4, 2014.
CBRE Capital Markets Ranked 2013 No. 1 Multifamily Lender By Freddie Mac; No. 3 By Fannie Mae
CBRE Capital Markets was the largest originator of agency loans in 2013, with a combined volume originated for Fannie Mae and Freddie Mac totaling $8.1 billion. CBRE was the No. 1 lender for Freddie Mac, with $5.7 billion in financing volume produced in 2013, $2 billion more than the second-ranked firm. CBRE was also the No. 3 lender in Fannie Mae’s list of the top lenders in its Delegated Underwriting and Servicing (DUS®) program in 2013, with $2.4 billion in financing. In addition, CBRE originated $333 million of Federal Housing Authority (FHA) insured multifamily mortgages. The combined volume of loans originated for Fannie Mae, Freddie Mac and FHA totaled $8.4 billion.
Global Retail Rents Fueled By High-End Brands
Hong Kong is by far the world’s most expensive city for global retailers, while prime rents in major markets such as New York, Paris and London continue to reach record-breaking levels, according to new research from global property advisor CBRE Group, Inc.
CBRE’s quarterly ranking of 97 prime retail locations/markets across the globe shows that competition in the world’s leading cities is getting even stronger. This demand is being fueled by high-end retailers willing to pay record rents for the most coveted shops, while development levels are at historic lows resulting in a shortage of prime retail space.
IAOP® Names CBRE Group, Inc. Among Top Outsourcing Providers For Ninth Time
The International Association of Outsourcing Professionals® (IAOP®) has named CBRE Group, Inc. (CBRE) to the 2014 Global Outsourcing 100® list. CBRE has been included on the list for nine straight years. The list recognizes the world’s best outsourcing service providers and advisors across all industries, and is based on applications received and evaluated by an independent judging panel organized by IAOP.
CBRE Group, Inc. Renews Relationship with Bank of America Merrill Lynch, with Expanded Mandate
CBRE Group, Inc. (NYSE:CBG) today announced that it has renewed and expanded its relationship with Bank of America Merrill Lynch (BofAML) (NYSE: BAC), the global financial services firm. Under the international contract, CBRE’s Global Corporate Services (GCS) group will now provide transaction, project and facilities management, critical engineering, portfolio and consultancy services for BofAML across Europe, the Middle East and Africa (EMEA), Asia Pacific (APAC) and Latin America (LATAM).
CBRE Leads U.S. Investment Sales Activity in 2013 for Eighth Year in a Row
CBRE Group, Inc. (NYSE:CBG) was the number one firm for commercial real estate investment sales in the U.S. during 2013, according to Real Capital Analytics (RCA)—the eighth consecutive year that CBRE has claimed the top spot.
RCA credited CBRE with a 17.2% market share across all property types in 2013.* CBRE’s market share was 440 basis points (bps) better than the second-place firm.
CBRE Group, Inc. Enters Into Definitive Agreement to Acquire VALTEQ
CBRE Group, Inc. (NYSE:CBG) today announced that it has entered into a definitive agreement to acquire VALTEQ Gesellschaft mbH and its subsidiaries (“VALTEQ”). VALTEQ, which was founded by its current owners, Dr. Thomas Herr, Dr. Gabriele Lüft and Jürgen Scheins, is a leading technical real estate consulting firm in Germany.
CBRE Group, Inc. Enhances Services Offering With Acquisition Of Greenville, South Carolina-Based Affiliate
CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired the commercial real estate brokerage, investment property sales and property management services business of The Furman Co., Inc. and certain of its affiliates. The brokerage, investment property sales and property management business – which is based in Greenville, South Carolina – has served as CBRE’s affiliate in Upstate South Carolina and has operated as CBRE | Furman since 2010.
CBRE Group, Inc. Expands Services to Include Project Management for Carlson in the United States
CBRE Group, Inc. announced today it has signed a multi-year contract with Carlson to expand its service offerings to include project management services for select locations in the United States, including their world headquarters. Carlson is a family-owned, global leader in the hospitality and travel industry with more than 1,300 hotels in operation and development and more than 900 restaurants worldwide.
U.S. Commercial Real Estate Market Finishes Strong In 2013, According To CBRE Group, Inc.
The U.S. commercial real estate had a strong finish to 2013 with continued recovery in the fourth quarter (Q4 2013), according to the latest analysis from CBRE Group, Inc.
The office vacancy rate declined by 30 basis points (bps) to reach 14.8% in Q4 2013. This was the sharpest fall in six quarters. For all of 2013, the vacancy rate declined by 60 bps, the best annual performance since 2006.
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Major Office and Industrial Markets Continued to Recover in Q4 2013
Office vacancy rates continued to decline in most major U.S. markets during Q4 2013, based on preliminary data from CBRE Group, Inc. Nine of the 13 largest markets showed lower office vacancy, and 11 of the 13 markets saw higher average asking rents. The U.S. industrial market also continued to show improvement in Q4 2013, according to CBRE, as eight of the 12 largest industrial markets had lower vacancy, fueled by demand from third party logistic companies, the food service sector, home construction and manufacturing.
CBRE Group, Inc. Closes Acquisition of Norland Managed Services LTD
CBRE Group, Inc. (NYSE:CBG) today announced that it has closed the acquisition of Norland Managed Services Ltd (Norland), a best-in-class provider of technical engineering services for commercial buildings in the United Kingdom (UK) and Ireland, with a growing customer base in the United States and Singapore.
Norland’s market-leading capabilities enable CBRE to self-perform technical engineering services for commercial buildings and to provide its clients with fully-integrated outsourcing services in Europe. Norland also provides CBRE with increased expertise in the management of critical environments, such as data centers and trading floors - a growing market segment requiring specialized knowledge and experience.
U.S. Multi-Housing Rent Growth To Continue Even As New Construction Comes On Line
Over the next three years, U.S. multi-housing rents are expected to grow by approximately 2.5% per year nationally even as the level of new construction increases, according to a new research report from CBRE Group, Inc.
The report, Is the Bloom off the Multi-Housing Rose?, finds that the pace of new multifamily development in the U.S.—which has grown significantly since the end of the recession—will level off at approximately 216,000 units per year over the next five years, slightly above historical averages.
London Unseats Hong Kong as World's Most Expensive Office Market
London’s West End unseated Hong Kong-Central as the world’s highest-priced office market, but Asia continued to dominate the world’s most expensive office locations, accounting for four of the top five markets, according to CBRE Global Research and Consulting’s semi-annual Global Prime Office Occupancy Costs survey. The study also found that rents are rising fastest in the Americas, where real estate fundamentals continue to improve. Overall, the Americas accounted for eight of the 10 markets with the fastest growing occupancy costs with Boston (Downtown), Mexico City and San Francisco (Downtown) included among the top five.
CBRE Group, Inc. Acquires Whitestone Research Corporation, an Industry-Leading Facilities Cost Analytics Firm
CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired Whitestone Research Corporation, an industry-leading provider of facilities related cost analytics tools and services. Based in Santa Barbara, CA, Whitestone provides consulting services, cloud and server-based software tools and statistical indices that accurately model, forecast, and benchmark facilities costs for single assets and global real estate portfolios. Whitestone also publishes operations and maintenance and repair cost references for markets worldwide.
Global Retail Properties Set Pace With Strong Capital Value And Rent Growth In Q3 2013
Retail properties showed the strongest growth in capital values and rents of all property types globally in Q3 2013, according to CBRE Group, Inc. “Commercial real estate capital values generally rose faster than leasing fundamentals across all property types in Q3 2013, reflecting several capital markets trends that have been prevalent for some time,” said Dr. Raymond Torto, Global Chairman, CBRE Research. “First, returns in commercial real estate have been very strong relative to other major asset classes, attracting institutional capital sources to the sector. Second, the number of assets available for sale remained relatively limited. Finally, commercial real estate fundamentals are expected to improve and catch up with capital markets demand as regional economies continue to recover. This optimism is buttressed by the lack of new construction resulting in a tight leasing availability, especially in mature commercial real estate markets.”
CBRE Group, Inc. Earns Top Marks in 2014 Corporate Equality Index
CBRE Group, Inc. today announced that it received a perfect score of 100 percent on the 2014 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to LGBT workplace equality, administered by the Human Rights Campaign Foundation. Jennifer Ashley, CBRE’s Senior Vice President of Americas Human Resources & Marketing, said, “CBRE has always prided itself on fostering an inclusive culture and a work environment where all employees can realize their full potential. This recognition from the Human Rights Campaign reflects the success of our efforts in partnership with our LGBT colleagues. We are very proud to be among the companies who are leaders in workplace equality.”
U.S. Office Real Estate Recovery Expected To Accelerate Next Year
The U.S. office market vacancy rate will continue to decline next year, falling by 80 basis points (bps) to 14.3% by the end of 2014, according to a new analysis from CBRE Group, Inc. Steady improvement in the office market is expected to continue in 2015, with the vacancy rate forecasted to dip another 80 bps to 13.5%. The office vacancy rate was 15.1% in Q3 2013, down 170 bps from its peak of 16.8% in Q2 2010.
CBRE Group, Inc. Enhances Market Leadership in San Francisco with Acquisition of the CAC Group
CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired The CAC Group (CAC), one of the leading commercial real estate services firms in San Francisco. The acquisition significantly enhances CBRE’s service offering in downtown San Francisco, making it the number one provider of commercial property management and leasing in one of the strongest and fastest growing office markets in the United States.
Global Retail Rents Expected To Rise Further In 2014 As Lack Of Available Prime Space Drives Demand
Retail rents in the world’s most expensive markets are expected to rise further in 2014 due to a shortage of prime available locations and a lack of new development, according to new research from global property advisor CBRE Group, Inc. CBRE’s quarterly ranking of the world’s prime global retail markets saw little change in Q3 2013, with global and hot-growth markets continuing to lead the list. Retailers across all markets continue to target high-end shopping areas and international tourists.
Demand For U.S. Industrial Space To Remain Healthy In 2014
The three-plus year-old recovery of U.S. industrial real estate markets will extend into 2014, as growing international trade and increased industrial production throughout the U.S. will help sustain increased demand for warehouse and distribution space, according to CBRE Group, Inc. CBRE expects the national industrial availability1 rate to fall to 11.2% in 2014 and to 11.1% by the end of 2015. The national industrial availability rate peaked at 14.6% in Q2 2010, and has fallen to 11.7% at the end of Q3 2013.
CBRE named Service Provider of the Year at 2013 FMA Awards
CBRE has been named Service Provider of the Year by the Facility Management Association of Australia for the outstanding delivery of facilities management services to DEXUS Property Group (DEXUS).
The 2013 FM Industry Awards for Excellence were held on Thursday night at the Grand Hyatt in Melbourne.
U.S. Retail Space Availability Expected To Tighten Further Next Year
U.S. retail real estate will continue a slow, steady recovery in 2014, with the availability1 rate for neighborhood and community shopping centers declining to 10.6%, according to a new forecast from CBRE Group, Inc. The market improvement will continue into the following year, as the retail availability rate slips to 9.7% in 2015.
In Q3 2013 the retail availability rate stood at 12.3% down from 12.7% at the end of 2012.
Delos®, The Pioneer Of Wellness Real Estate™, Announces First-Ever Well™ Certified Office At Cbre Group, Inc. Headquarters In Los Angeles
Delos®, the pioneer of Wellness Real Estate™, is pleased to announce the world’s first commercial office space to be certified under the WELL™ Building Standard pilot program at CBRE Group, Inc.’s new Global Corporate Headquarters in Downtown Los Angeles. Through the integration of Delos’ evidence-based wellness designs and technologies, CBRE—which is the global leader in commercial real estate services and investment—will offer an office environment that optimizes the health and well-being of its employees and sets a new standard for healthy office spaces.
CBRE Group, Inc. Announces Definitive Agreement To Acquire UK-Based Norland Managed Services Ltd
CBRE Group, Inc. (NYSE:CBG) today announced that it has entered into a definitive agreement to acquire Norland Managed Services Ltd (Norland), a leading provider of commercial building technical engineering services in the United Kingdom (UK) and Ireland, for £250 million (approximately $400 million) plus up to £50 million (approximately $80 million) of deferred contingent consideration as well as a payment for excess working capital and related items.
CBRE Group, Inc. Recognized as a 2014 Military Friendly Employer
CBRE Group, Inc. announced today that it has earned the 2014 Military Friendly Employer® title by Victory Media, publisher of G.I. Jobs and Military Spouse. This marks the third year in a row the company has been designated as a Military Friendly Employer.
CBRE Group, Inc. Acquires Alan Selby & Partners
CBRE Group, Inc. (NYSE:CBG) today announced the acquisition of Alan Selby & Partners (AS), a leading London prime residential development consultancy, sales and leasing agency focused on the London Docklands market, including Canary Wharf, and the City of London.
The acquisition marks another step in the growth of CBRE’s UK residential business, which concentrates on the prime Central London market. This is the second significant residential acquisition for CBRE in London in the last 12 months, led by EMEA Managing Director Martin Samworth. CBRE acquired London-based EA Shaw in late 2012.
CBRE Group, Inc. Acquires CB Richard Ellis Carmody To Expand Its Reach In The Southeastern United States
CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired CB Richard Ellis Carmody, a Charleston, South Carolina based commercial real estate services firm that has been an affiliate of CBRE serving the South Carolina coastal markets since 1997. The acquisition of CB Richard Ellis Carmody enhances CBRE’s coverage of the rapidly growing southeastern corridor of the U.S.
The firm was founded by Brian and Charles Carmody in 1992, and today it is one of the region’s leading providers of leasing, investment sales, property management, research and consulting services. The firm has a staff of 23 and manages nearly four million sq. ft. of commercial property.
CBRE Group, Inc. Enhances Healthcare Platform With Acquisition Of KLMK Group, A Leading Health Care Consulting & Project Advisory Firm
CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired KLMK Group, a leading provider of facility consulting, project advisory and facility activation solutions to the healthcare industry. The company, which is based in Richmond, Virginia, serves healthcare systems throughout the U.S.
“This is a time of dramatic change for healthcare service providers. Adding KLMK Group’s premier professionals to the CBRE Healthcare team will significantly enhance our ability to offer innovative solutions to improve the capital planning process and lower costs, thereby enabling our clients to focus on their central mission of serving their communities,” said Bill Concannon, CEO of CBRE’s Global Corporate Services business.
Quadruple Success for CBRE at REIV Awards for Excellence
CBRE has won four awards, including the prestigious Commercial Agency of the Year title, at the 2013 REIV Awards for Excellence.
In addition to the Agency award, CBRE Director, Asset Services, Brett Perry was recognised as the Commercial Property Manager of the Year. Brett provides property management services across two significant assets owned by Deka Immobilien, a major global investor. He is also a Director of CBRE’s “Premier Properties” group - an internal network designed to connect the managers of large commercial office buildings across the Pacific region.
CBRE Professionals Recognised with Peak API NSW Awards
CBRE professionals have been recognised with two prestigious awards at the API NSW Excellence in Property Awards 2013.
CBRE Senior Property Manager James King was named Young Achiever of the Year while CBRE Agribusiness Director Will Barton received the Valuation Award for his valuation of the Forestry Investment Trust (FIT) portfolio.
Record haul for CBRE at REINSW Awards for Excellence
CBRE has won a record six awards, including the prestigious Commercial Agency of the Year title, at the 2013 REINSW Awards for Excellence.
It is the third year in a row that CBRE has won the Commercial Agency of the Year award. The firm also secured the Innovation Award for the relocation of its Sydney headquarters within 363 George Street and the introduction of a highly sustainable, Activity Based Working model in the biggest change management program CBRE has undertaken in NSW.
U.S. Commercial Real Estate Market Continued Steady Recovery In Q3 2013, According To CBRE Group, Inc.
The U.S. commercial real estate market continued a slow, but steady recovery in the third quarter of 2013 (Q3 2013), according to the latest analysis from CBRE Group, Inc.
The office vacancy rate dropped 10 basis points (bps) during the quarter to 15.1%. The quarterly change was slightly slower than last quarter’s 20 bps decline but in absolute terms, vacancy was 50 bps below the Q3 2012 rate of 15.6%. However, the continued progress reflects the office market’s ability to withstand the effects of the federal government’s spending reductions – known as the “sequester” – while dealing with an already sluggish pace of economic growth.
CBRE Group, Inc. Names Mike Gerard Global President, Valuations
CBRE Group, Inc. today announced that Mike Gerard has been named Global President, Valuations, a new position for the company.
In this role, Mr. Gerard will oversee the global integration and growth of CBRE’s Valuation Services business line. CBRE is the global leader in Valuations. In 2012, the company’s 1,500 Valuation professionals performed more than 118,000 valuation assignments around the world, and in 2013, CBRE was voted the top global Valuation advisor by the readers of Euromoney magazine.
CBRE Group, Inc. Enhances Retail Real Estate Services Offering In The U.S. Mid-Atlantic Region With Acquisition Of Fameco
CBRE Group, Inc. (NYSE:CBG) today announced it has acquired Fameco, a leading firm specializing in retail real estate services in the U.S. Mid-Atlantic region. The acquisition of Fameco significantly bolsters CBRE’s retail service offering in the greater Philadelphia area and throughout the Mid-Atlantic region.
Founded in 1992, Fameco provides retailer representation, agency leasing, investment sales, land brokerage and property management in Pennsylvania, New Jersey and Delaware. With the acquisition, CBRE will add 250 shopping centers and retail properties, totaling 20 million sq. ft., to its leasing portfolio; 20 million sq. ft. of retail property management assignments; and 75 retailers to its tenant representation roster.
CBRE Group, Inc Ranked 187 In 2013 InformationWeek 500
CBRE Group, Inc. today announced it was ranked 187 in the prestigious InformationWeek 500 for 2013. CBRE’s selection marks the seventh consecutive year that the company has been included among InformationWeek’s most innovative users of information technology. For 2013, CBRE was recognized for the development of its groundbreaking Global LaborView.
CBRE Identifies San Jose, Washington, D.C., San Francisco, Boston And Seattle As Top Markets For Tech Talent
The clustering of highly-skilled, like-minded technology professionals, “tech talent,” is driving demand for office space, with implications for real estate occupiers and investors, in markets from Washington, D.C. to Seattle, according to a new report from CBRE Group, Inc.
CBRE identified five markets with the highest “tech talent” ratings: San Jose, Washington, D.C., San Francisco, Boston and Seattle. These markets are very well positioned to attract and retain highly skilled technology professionals based on factors such as the depth of the pool of qualified professionals, labor costs, office rents and eight others.
CBRE Group, Inc. Acquires Majority Interest In Leading Swedish Property Management Business
CBRE Group, Inc., the leading global commercial real estate services and investment firm, today announced that it has acquired a majority interest in Basale Sverige AB (“Basale Sweden”), a property and asset management company based in Stockholm, from Basale AS.
Basale Sweden is one of the country’s leading property management businesses, providing property management and leasing, facilities management, accounting, risk management and procurement services to a range of institutional, private and public clients.
Proposed Firpta Changes Could Increase Foreign Investment In US Real Estate
Proposed changes to the Foreign Investment in Real Property Tax Act (FIRPTA) could increase potential foreign investment in gateway markets such as New York and San Francisco, while providing a significant boost in other core central business districts (CBDs) such as Chicago, according to a new report from CBRE Group, Inc.
Under FIRPTA, foreign investors selling real estate in the U.S. must withhold 10% of a property’s sale price to ensure payment of any taxes owed. The proposed changes to FIRPTA would exempt foreign pension funds (though not other foreign investors) from this requirement, freeing up the withheld capital for immediate reinvestment.
Chinese Insurance Funds Target Overseas Real Estate
Chinese insurance funds have more than US$14 billion available for overseas real estate investment, with high transparency markets, including the UK, US, Canada, Singapore, Hong Kong, and Australia, expected to be among the key targets, according to the latest research from global property advisor CBRE.
North American And Middle East Buyers Drive European Property Investment Market
North American and Middle East investors are the major drivers of increased activity in the European commercial real estate market and buyers from outside the region now account for more than a quarter of all transactions in H1 2013, according to the latest data from CBRE.
The total value of commercial real estate investment activity in Europe continued to grow in Q2 2013 at 6% higher than the total for Q1 2013. The €32.6 billion recorded over the quarter shows a 22% increase on the same quarter last year and is the highest Q2 total since 2007 (before the financial crisis).
CBRE Group, Inc. Appoints Mandy Edwards Chief Information Officer
CBRE Group, Inc. today announced that Mandy Edwards has been appointed global Chief Information Officer.
In this role, Ms. Edwards will work with CBRE’s senior global leadership team and IT professionals to identify and implement technologies and innovations that will support the Company’s growth and enable clients’ success.
“We are very pleased that Mandy has joined CBRE,” said Chris Kirk, Chief Administrative Officer. “She is a business-centric leader whose career has focused on driving corporate success and competitive differentiation through the use of technology, systems and data. Her hiring is another example of our commitment to continually strengthening CBRE’s operational platform.”
CBRE Wins Mandate To Manage The Gherkin In London, UK
CBRE Group, Inc., today announced it has been appointed to manage the Gherkin by landlord 30 St Mary Axe (Bermuda) LP, a joint venture between IVG EuroSelect 14, a closed-end fund managed by IVG Private Funds Management GmbH, and Evans Randall as one of the world’s most iconic commercial buildings approaches its ten year anniversary.
CBRE has won a competitive tender to manage the 48,000-sq.-m. (516,668-sq.-ft.), 40-story skyscraper which is home to Swiss Re and a number of other financial and professional services firms, including US law firm Kirkland and Ellis and financial technology company ION Trading.
Hong Kong Streets Lead Global Retail Rents Rise
Hong Kong is by far the world’s most expensive city for global retailers, but prime rents in New York, London, Tokyo and Zurich are on the rise, according to new research from global property advisor CBRE Group, Inc.
Paul Suchman Joins CBRE Group, Inc. as Chief Marketing Officer
CBRE Group, Inc. today announced that Paul Suchman, a highly accomplished business-to-business marketing and brand-building leader, has been appointed CBRE's Chief Marketing Officer. In this newly created position, Mr. Suchman will report to Mike Lafitte, Chief Operating Officer, CBRE Group, Inc., and oversee the company's global marketing functions and activities. He joins CBRE from BBDO NY where he served as an Executive Vice President.
Asian Institutions To Step Up Investment In Global Real Estate Markets
Asian institutional investors could look to invest in excess of US$150 billion in global real estate over the next five years, but with limited investable stock available in Asia will seek opportunities overseas in London, New York, Sydney and other gateway cities, according to the latest research from leading global real estate services provider CBRE.
CBRE Launches Global Research Gateway
CBRE Group, Inc. has launched the Global Research Gateway - a new online portal providing access to CBRE’s extensive real estate research, knowledge and insight across all geographies and sectors.
CBRE Releases New Report on Growth of Creative Office in Los Angeles
CBRE released today a new report on the growth of creative office space in Los Angeles County that finds that the growth of creative office has expanded beyond traditional media, tech and entertainment companies in West Los Angeles to include more traditional industries such as law firms, real estate firms and financial companies in more traditional office submarkets like Century City and Downtown LA.
Hong Kong Is Top Target For New Retail Entrants
Hong Kong is the world’s hottest retail market, attracting significantly more new entrants than any other city, according to the 2013 edition of How Global is the Business of Retail? by leading global property advisor CBRE.
CBRE Group, Inc. Ranks #4 Among All Outsourcing Firms
CBRE Group, Inc. (NYSE:CBG) today announced that it has been recognized as the #4 outsourcing services provider across all industries, and is once again the highest-ranked commercial real estate services company, according to the International Association of Outsourcing Professionals’ (IAOP) Global Outsourcing 100 for 2013.
New CBRE Viewpoint Offers "Ten Tips For Healthcare Providers"
Healthcare providers must begin to “think like retailers,” refocusing on site selection and creating “convenient” space for patient care delivery according to new report from CBRE. “Ten Tips for Healthcare Providers Under the Affordable Care Act” finds that healthcare systems will need to transform how they provide services and that new alternative models of delivering medical care will need to emerge as a result of the new laws and the changing demographic landscape.
Office Vacancy Declines In Major Markets In Q1 2013
Office vacancy rates declined or held steady in most major U.S. markets during Q1 2013, according to preliminary data from CBRE Group, Inc. Six of the 12 largest markets showed declines in office vacancy, led by Denver and San Francisco, while two markets remained stable.
CBRE Group, Inc. Acquires Impact-Corti
CBRE Group, Inc. (NYSE: CBG), a leading global commercial real estate services and investment firms, today announced the acquisition of IMPACT-CORTI a.s., a firm specialising in property management in the Czech Republic and Slovakia.
CBRE Group Inc. Captures Top Honors in Fortune and Lipsey Surveys
CBRE Group, Inc. (NYSE:CBG) was the highest-ranked commercial real estate services and investment company in Fortune’s annual Most Admired Companies list for the third consecutive year and the number one commercial real estate brand in Lipsey Company’s annual brand survey for the 12th consecutive year.
CBRE Sees Domestic Energy Production Boom Enhancing Office Investment opportunities
The increase in domestic energy exploration and production will spur office investment opportunities in U.S. markets like Dallas, Pittsburgh and Oklahoma City; the transformation of the supply chain by e-commerce will accelerate changes in distribution facilities and locations; and an aging population will significantly drive apartment rental demand during this decade.
IAOP Names CBRE Group for Eighth Time
The International Association of Outsourcing Professionals (IAOP) has named CBRE Group, Inc. (CBRE) to the 2013 Global Outsourcing 100 list for the eighth straight year.
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Brandon Boze Joins CBRE Group, Inc. Board of Directors
CBRE Group, Inc. (NYSE:CBG) today announced that Brandon B. Boze has joined its Board of Directors. Mr. Boze is a Partner at ValueAct Capital, an investment fund with approximately $9 billion of assets under management.
CBRE Global Investors Closes U.S. Value Added Fund
CBRE Global Investors today announced the final closing of CBRE Strategic Partners U.S. Value 6, L.P., with equity commitments of nearly $1.1 billion from 22 institutional investors in the United States and Europe, exceeding its target of $750 million.
CBRE Group, Inc. Acquires EA Shaw
London, 20 November, 2012 – CBRE Group, Inc. (NYSE: CBG), a leading global commercial real estate services and investment firm, today announced the acquisition of EA Shaw, an independent commercial and residential property partnership which specialises in central London.
U.S. Retail Space Availability Expected to Tighten Further Next Year
U.S. retail real estate will continue a slow, steady recovery in 2013, with the availability rate for neighborhood and community shopping centers declining to 11.7%, according to a new forecast from CBRE Group, Inc. The market improvement will continue, as the retail availability rate slips to 10.9% in 2014.
CBRE Group, Inc. Wins Circle of Excellence Award from Commercial Real Estate Women Network
CBRE Group, Inc. today announced that Commercial Real Estate Women (CREW) Network has honored the company with its highest honor, the “Circle of Excellence Award.” CREW recognized CBRE for its strong commitment to diversity in the workplace and long-term support of CREW and that organization’s groundbreaking research on diversity in the commercial real estate industry.
CBRE Group, Inc Selected For 2012 InformationWeek 500
CBRE Group, Inc. today announced it has again been selected for the prestigious InformationWeek 500. CBRE’s inclusion in the 2012 list marks the sixth consecutive year the Company has been represented in the publication’s annual list which identifies and honors the nation's most innovative users of information technology.
CBRE Group Inc. Acquires Franc Warwick
CBRE Group, Inc., the global commercial real estate advisor, today announced that it has acquired Franc Warwick Chartered Surveyors, one of the UK’s leading specialist real estate investment firms, further strengthening the company’s leadership in the UK market.
CBRE Group, Inc. Appoints Cal Frese CEO, Americas
CBRE Group, Inc. has appointed Cal Frese Chief Executive Officer of the company’s Americas business. In this role, Mr. Frese has responsibility for leading CBRE’s largest business segment, with more than $3 billion of annual revenue and more than 20,000 employees.
CBRE Group, Inc. Appoints Chris Kirk Chief Administrative Officer
CBRE Group, Inc. has appointed Chris Kirk Chief Administrative Officer. In this role, Mr. Kirk will have executive responsibility for key Shared Services functions, including Sourcing & Procurement, Information Technology, Corporate Communications, Program Management Office, Human Resources & Workplace Strategy and Global Research.
Hong Kong is World's Most Expensive Retail Destination
Hong Kong is the world’s most expensive shopping destination as significant inbound tourist flows and continued increases in domestic wealth fuels occupier demand from international fashion and luxury retailers, according to new research from global property advisor CBRE Group, Inc.
CBRE Releases Global Office Occupier Guide
CBRE Group, Inc. (CBRE) today released its latest, up to date, edition of the Global Office Occupier Guide, its comprehensive reference guide on leasing practices around the world.
CBRE Group, Inc. Ranks #4 among All Outsourcing Firms
CBRE Group, Inc. (NYSE:CBG) today announced that the Company has been recognized as the #4 outsourcing services provider across all industries, and the highest-ranked real estate services company, according to the International Association of Outsourcing Professionals’ (IAOP) Global Outsourcing 100.
CBRE Group, Inc. Announces CEO Succession Plan
CBRE Group, Inc. (NYSE:CBG) today announced that Brett White will retire as Chief Executive Officer, effective December 31, 2012, and Robert Sulentic, who currently serves as CBRE’s President, will succeed Mr. White as of that date.
ISG, IAOP Announce Winner of Inaugural CSR Award
Information Services Group (ISG) (NASDAQ: III), a leading technology insights, market intelligence and advisory services company, and the International Association of Outsourcing Professionals (IAOP), the global, standard-setting organization and advocate for the outsourcing profession, today announced that the inaugural IAOP/ISG Global Outsourcing Social Responsibility Impact Award has been awarded to CBRE Group, Inc (NYSE:CBG).
CBRE Promotes Jack Durburg To Global President, Transaction Services
CBRE Group, Inc. today announced that Jack Durburg has been promoted to Global President, Transaction Services, effective immediately. In this newly created position, Mr. Durburg will concentrate on expanding CBRE’s leadership position in leasing, capital markets and transaction management services globally across all property types, working closely with the regional and business line leaders in the Americas, Asia Pacific and EMEA.
IAOP Names CBRE Group, Inc. Among Top Outsourcing Providers for Sixth Time
The International Association of Outsourcing Professionals (IAOP) has named CBRE Group, Inc. (CBRE) to the 2012 Global Outsourcing 100 list for the sixth straight year. The list recognizes the world’s best outsourcing service providers across all industries, and is based on applications received and evaluated by an independent panel of judges organized by IAOP.
CBRE Group, Inc. Selected to Provide Property Management and Leasing Services for 4.2 Million Sq. Ft. Houston Center
CBRE Group, Inc. (NYSE:CBG) today announced that it has been selected by J.P. Morgan Asset Management, acting on behalf of institutional investors it advises, to provide property management and leasing services for Houston Center—a property that includes four Class A buildings, encompassing approximately 4.2 million sq. ft. of retail and office space. Houston Center is located in the vibrant east side of downtown Houston and consists of 1 Houston Center, 2 Houston Center, 4 Houston Center, Fullbright Tower and The Shops at Houston Center.
CBRE’s Don Goldstein to Co-Chair Realcomm 2012 Advisory Council
Donald Goldstein, global chief information officer of CBRE Group, Inc. has been named Advisory Council co-chair of Realcomm 2012, an annual technology conference for the commercial real estate industry and IBcon, a new, co-located conference dedicated to smart, connected, high performance, intelligent buildings.
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Global Industrial Rents See Continued Growth
Global industrial rents have continued to grow, according to new research from CBRE, as a lack of significant new development has fueled global growth in prime industrial rents in 2011 and will underpin continued rent increases over the next two years.
New York Remains World’s Most Expensive Retail Destination
New York City remains the world’s most expensive shopping destination as retailers focus on the major fashion capitals, but as the Eurozone crisis continues to impact consumer confidence, rents have leveled off in all global regions in the third quarter of 2011, according to new research from CBRE Group, Inc.
CBRE Success at REIV Awards for Excellence
CBRE Group, Inc. Executive Vice President, General Counsel and Secretary Larry Midler has been named the 2011 Corporate Counsel of the Year in the large public company category by the Los Angeles Business Journal (LABJ).
CB Richard Ellis Achieves Carbon Neutrality Goal
CB Richard Ellis Group, Inc. (CBRE) announced today that it has achieved carbon neutrality for its 2010 global operations. In 2007 CB Richard Ellis adopted a companywide Environmental Stewardship policy, which included the goal of becoming carbon neutral.
New York Still World’s Most Expensive Retail Destination
New York City remains the world’s most expensive retail destination as retailers focus on the major fashion capitals pushing global rents in prime locations even higher, according to the latest CB Richard Ellis (CBRE) Global Retail MarketView.
IAOP Ranks CB Richard Ellis Group, Inc. #6 Among All Outsourcing Firms
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that the Company has been recognized as the 6th ranked provider of outsourcing services across all industries, according to the annual Global Outsourcing 100 released by the International Association of Outsourcing Professionals (IAOP).
Chris Hood Joins the CB Richard Ellis Workplace Team
CB Richard Ellis Group, Inc. (CBRE) announced today that Chris Hood, a veteran workplace strategy executive with nearly three decades of experience at Hewlett-Packard, has joined the Company as Managing Director of Workplace Innovation for CBRE’s Global Workplace Strategy Practice.
Global Retailers Seek Growth in Emerging Destinations
Emerging markets are benefiting from the sluggish recovery as international retailers target economies with the best growth prospects and those least likely to be affected by fiscal austerity measures, according to the 2011 edition of How Global is the Business of Retail?
CB Richard Ellis Unveils 2011 Global Office Occupier Guide
CB Richard Ellis Group, Inc. (CBRE) today unveiled the 2011 edition of the Global Office Occupier Guide, the comprehensive reference guide on leasing practices and protocols around the world. The 2011 version of this groundbreaking encyclopedia summarizes commercial real estate procedures across 56 counties, ranging from Australia to Vietnam
CB Richard Ellis Releases New Global Office MarketView
CB Richard Ellis (CBRE) today released its latest Global Office MarketView report (March 2011), focusing on the office property sector’s ongoing recovery from the global financial crisis. According to the report—prepared by CBRE’s Global Consulting and Research—the commercial office recovery is disparate and divergent.
IAOP Names CB Richard Ellis Group, Inc. Among Top Outsourcing Providers for Fifth Time
The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group, Inc. (NYSE:CBG) to its Global Outsourcing 100 list for the fifth straight year, and has honored its president of Global Corporate Services, William F. Concannon, as the first real estate services professional inducted into its Outsourcing Hall of Fame.
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Asia Pacific Continues to Lead Global Office Rent Rebound
More than half of the office rental markets in Asia Pacific either stabilized or moved into the growth phase during the second quarter (Q2) of 2010, demonstrating that the region continues to lead the global real estate recovery, according to CB Richard Ellis’ (CBRE) latest quarterly Global Office Rental Cycle report.
Green Move for CB Richard Ellis
CB Richard Ellis (CBRE) announced today that its Hong Kong office and Asia Pacific Headquarters will move from Central Plaza in Wanchai to Three Exchange Square in Central on 5 July, 2010.
CBRE in Tune with Universal Music Group
CB Richard Ellis (CBRE) today announced that it has been appointed sole global provider of transaction management and estates management services for the world’s leading music company, Universal Music Group (UMG).
Prime Retail Rents Stabilize Across Global Markets
Prime retail rents in the world’s leading shopping destinations stabilised in the majority of markets, and grew in a number of major cities, in the first quarter (Q1) of 2010, according to the latest CB Richard Ellis (CBRE) Global MarketView report on the retail sector.
Signs of Rental Improvement in Global Office Markets
Increased demand, together with more relocation activity, is slowing rental declines in the majority of global office markets, with growth beginning to accelerate in three major markets, according to the latest Global Office Rental Cycle report from CB Richard Ellis Group, Inc. (CBRE).
CB Richard Ellis Group, Inc. Launches iPhone Application
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced the launch of an iPhone application that connects users of the mobile communications device with the rich resources of the world’s preeminent commercial real estate services firm.
Rob Blain Awarded “Industry Champion” by RFP Magazine
CB Richard Ellis (CBRE) is pleased to announce that Rob Blain, CEO and Chairman, Asia Pacific, has been awarded with the top accolade of “Industry Champion” at the 2010 RFP (Real Estate Facilities Projects) Outstanding Individuals Industry Awards.
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CB Richard Ellis CEO Stock Sale Covers Withholding Taxes on Share Distribution
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that the sale of 162,070 shares of common stock by the Company’s president and CEO, Brett White, on December 1, 2009 was made pursuant to a previous election to sell sufficient shares to cover payment of withholding taxes due on the conversion and distribution of restricted stock units into shares of Company common stock.