CBRE Group, Inc. (NYSE:CBG) was the number one firm for commercial real estate investment sales in the U.S. during 2014, according to Real Capital Analytics (RCA)—the ninth consecutive year that CBRE has claimed the top spot.
RCA credited CBRE with a 16% market share* across all property types in 2014.
In 2014, CBRE was the national leader in industrial and multifamily sales, according to RCA.
RCA, which tracks national commercial real estate sales of $2.5 million and greater, estimates that approximately $377 billion of commercial real estate was sold in the U.S. in 2014 – an increase of 16% over 2013.
CBRE’s investment sales volume reached $62.3 billion, according to RCA. This figure does not include the $1.6 billion sale of 256 industrial properties across the U.S. by Cobalt Capital Partners, advised by CBRE, to Colony Financial Inc. that closed towards the end of 2014.
“By aligning our deep experience across all asset types with unrivaled access to global capital sources, we have been able to deliver real competitive advantage and superior returns for our clients in 2014,” said Chris Ludeman, Global President, CBRE Capital Markets.
Highlights from RCA’s 2014 rankings include:
- CBRE was the nation’s top firm in industrial sales, with $10.8 billion** in transactions. CBRE’s had a market share of 21%.
- CBRE executed $24.4 billion in apartment sales for an industry-leading market share of 22%. CBRE’s apartment sales increased by 53% in 2014.
- CBRE’s hotel sales increased by 33% year-over year. This moved CBRE up from fourth position in RCA’s 2013 hotel rankings to second place in 2014.
* Market share has been calculated based on the dollar volume of transactions where a broker represented the seller, divided by the total volume of seller-brokered transactions. Does not include individual property sales valued at less than $2.5 million; sales where brokers represented the buyer; entity level transactions; land and senior housing sales. Information presented by RCA has been compiled from sources believed to be reliable.
** RCA figures do not include the $1.6 billion sale of 256 industrial properties across the U.S by Cobalt Capital Partners to Colony Financial Inc.
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 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 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