China General Chamber of Commerce Honors CBRE With “Outstanding Member of the Year“ Award
| January 20, 2016
Achievement Follows Top Honor for CBRE at REBNY Ingenious Deal Awards
CBRE Group, Inc. announced today that it has been honored with an "Outstanding Member of the Year" award by the China General Chamber of Commerce – U.S.A. (CGCC).
Darcy Stacom, Vice Chairman, Capital Markets, CBRE received the award at the CGCC Annual Gala held at the Waldorf Astoria New York. The ceremony was attended by more than 300 guests, including prominent business executives, political leaders and partnering organizations from both China and the U.S.
“The U.S. has become one of the most important destinations for Chinese real estate investment. CBRE is proud to be honored by the CGCC for the role that we have played in the mutually-beneficial trade between our two countries,” said Ms. Stacom.
Founded in 2005, CGCC is the largest nonprofit organization representing Chinese enterprises in the U.S. Its mission is to promote Chinese investment in the U.S., support the legal rights and interests of members, and enhance cooperation between Chinese and U.S. business communities. Today, CGCC has six regional chapters across the U.S., located in Chicago, Houston, Los Angeles, New York, San Francisco and Washington D.C. It also has a growing number of industrial committees in Automotive, Energy Chemical Industry, Finance, Information Technology, Real Estate, Trade and Transportation Logistics. Thirty eight CGCC members are Fortune 500 companies.
In May 2015, CBRE’s Ms. Stacom, Bill Shanahan and Paul Leibowitz also took first-place prize in the Real Estate Board of New York’s “Ingenious Deal” award for helping to broker a joint venture between Forest City Ratner and China’s Greenland Holdings at Pacific Park, the former Atlantic Yards, in Brooklyn.
According to CBRE Research, Asia Pacific (APAC) institutional investors are expected to pump an additional US$240 billion into world property markets by 2020, with activity led by Chinese groups. This will bring total allocation into global real estate by APAC institutional investors to US$500 billion—nearly double the US$260 billion invested as of end-2014.
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 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 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.