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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.