Los Angeles, December 17, 2014 – CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired CBRE | Oklahoma, a commercial real estate services firm that has served as CBRE’s affiliate in Oklahoma City and Tulsa, Oklahoma, and in northwest Arkansas since 1999.
CBRE | Oklahoma is one of the region’s leading providers of leasing, investment sales, property management and corporate services. The firm, led by co-founder Tom O’Brien and senior leaders Cary Phillips and Lori Bryant, has a staff of 180 and manages more than 18 million square feet in the region.
“Tom, Cary, Lori and their colleagues in Oklahoma and Arkansas have built this firm into a regional leader,” said Michael Caffey, Executive Managing Director, Texas Region, CBRE. “They also embrace our corporate values and commitment to delivering exceptional client outcomes. We look forward to working more closely than ever with the team to build advantage for our clients.”
Oklahoma is a growing business center in the Southwest and has been recognized for its favorable business climate. The energy, aerospace and defense contracting sectors have been strong growth drivers in the region.
“CBRE is a great fit for us both strategically and culturally,” said Tom O’Brien, CBRE | Oklahoma’s co-founder. “Fully integrating into CBRE’s premier global platform will allow us to expand the depth and breadth of the services we offer to our clients.”
Mr. O’Brien will join CBRE, focusing on strategic client relationships. Mr. Phillips will join CBRE as Managing Director, Brokerage Services, and Ms. Bryant will join as Managing Director, Asset Services. Also joining CBRE are CBRE | Oklahoma’s team of professionals and staff.
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.
“Safe Harbor” Statement Under the U.S. Private Securities Litigation Reform Act of 1995
Certain of the statements in this release regarding the acquisition of CBRE | Oklahoma that do not concern purely historical data are forward-looking statements within the meaning of the ''safe harbor'' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, including, but not limited to, the ability of the parties to successfully integrate CBRE | Oklahoma with CBRE’s existing operations, as well as other risks and uncertainties discussed in CBRE’s filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release and, except to the extent required by applicable securities laws, CBRE expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If CBRE does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to CBRE’s business in general, please refer to CBRE’s SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2013 and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2014. Such filings are available publicly and may be obtained off the Company's website at www.cbre.com or upon request from the CBRE Investor Relations Department at email@example.com.