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CBRE Group Inc.
Company typePublic
IndustryReal estate
FoundedAugust 27, 1906; 117 years ago (1906-08-27) (as Tucker, Lynch & Coldwell)
Headquarters
Dallas, Texas
,
U.S.
Number of locations
500+ (2022)
Area served
Worldwide
Key people
  • Robert Sulentic (Chairman and CEO)
  • Emma Giamartino (CFO)
ServicesCommercial real estate services and investment
RevenueUS$30.8 billion (2022)
$1.5 billion (2022)
$1.4 billion (2022)
Total assets$21.6 billion (2022)
Total equity$7.9 billion (2022)
Number of employees
115,000 (2022)
Websitewww.cbre.com
Footnotes / references
[1]

CBRE Group, Inc. is an American commercial real estate services and investment firm. The abbreviation CBRE stands for Coldwell Banker Richard Ellis. It is the world's largest commercial real estate services and investment firm (based on 2022 revenue).[2][3][4]

The firm is ranked 135th on the Fortune 500 and has been included in the Fortune 500 every year since 2008.[5] CBRE serves more than 95+ of the top 100 companies on the Fortune 100.[6] It is one of the "Big 4" commercial real estate services companies, alongside Cushman & Wakefield, Colliers, and JLL. [7]

Services

CBRE provides services to both occupiers of and investors in real estate. For occupiers, CBRE provide facilities management, project management, transaction (both property sales and leasing) and consulting services and valuation among others. For investors, CBRE provide capital markets (property sales, commercial mortgage brokerage, loan origination and servicing), property leasing, investment management, property management, valuation and development services, among others.[6]

History

See also

References

  1. ^ "CBRE Group, Inc. 2021 Form 10-K Annual Report". U.S. Securities and Exchange Commission. 1 March 2022.
  2. ^ "World's biggest real estate firm gets bigger". Real Estate Weekly. 2018-09-12. Archived from the original on 2019-07-16. Retrieved 2019-07-16.
  3. ^ "CBRE - The World's Largest Commercial Real Estate Services Firm". Innovation Hub USA. 2018-11-11. Archived from the original on 2019-07-16. Retrieved 2019-07-16.
  4. ^ "The Largest Commercial Real Estate Brokerages in the U.S. | CarletonSheets.com". www.carletonsheets.com. Archived from the original on 2023-02-13. Retrieved 2019-07-16.
  5. ^ "CBRE Group". Fortune. Retrieved 2020-05-26.
  6. ^ a b ""Annual Report 2018" pg7" (PDF). Archived from the original (PDF) on 2021-05-10. Retrieved 2019-07-08.
  7. ^ Barrett, Greg (2017-04-18). "The "Big 4" of Commercial Real Estate". CREentrepreneur. Retrieved 2023-03-12.
  8. ^ "About Coldwell Banker Real Estate | Ethel Curbow". www.ethelcurbow.com. Archived from the original on 2018-10-28. Retrieved 2019-07-09.
  9. ^ "History of CB Richard Ellis Group, Inc. – FundingUniverse". www.fundinguniverse.com. Retrieved 2019-07-09.
  10. ^ Rowe Jr., James L. (October 6, 1981). "Sears to Acquire Coldwell, Banker Real Estate Firm". The Washington Post.
  11. ^ Press, Daily (28 March 1989). "SEARS AGREES TO SELL COLDWELL COMPANY". dailypress.com. Retrieved 2019-07-09.
  12. ^ "Sears OKs Deal to Sell Coldwell Commercial Unit". Los Angeles Times. 1989-03-28. ISSN 0458-3035. Retrieved 2019-07-09.
  13. ^ a b Rudd, David C. (28 March 1989). "SEARS' COLDWELL BRINGS $300 MILLION". chicagotribune.com. Retrieved 2019-07-09.
  14. ^ a b Feuerstein, Adam (September 29, 1996). "CB Commercial contemplates IPO". American City Business Journals.
  15. ^ "FOR THE RECORD IPO PAY WILL BACK LASALLE GROWTH PLAY". Crain's Chicago Business. 1997-07-12. Retrieved 2019-07-09.
  16. ^ GRANELLI, JAMES S.; FULMER, MELINDA (March 19, 1997). "CB Commercial to Buy Koll Real Estate Services in $145-Million Deal". Los Angeles Times.
  17. ^ "CB Commercial to acquire California's Koll Real Estate". American City Business Journals. March 19, 1997.
  18. ^ "CB RICHARD ELLIS ACQUIRES HILLIER PARKER FOR $69 MILLION". The New York Times. Reuters. July 9, 1998.
  19. ^ "CB Richard Ellis Agrees to Group's $750-Million Buyout". Los Angeles Times. Bloomberg News. February 26, 2001.
  20. ^ Vincent, Roger (February 19, 2003). "CB Richard Ellis to Buy Insignia". Los Angeles Times.
  21. ^ Corfman, Thomas A. (February 19, 2003). "CB Richard Ellis acquires Insignia". Chicago Tribune.
  22. ^ Vincent, Roger (June 10, 2004). "CB Richard Ellis Stock Offering Brings in a Total of $454.9 Million". Los Angeles Times.
  23. ^ MANTELL, RUTH (November 6, 2006). "S&P announces index changes". MarketWatch.
  24. ^ Haddad, Annette (November 1, 2006). "CB Richard Ellis to buy major rival". Los Angeles Times.
  25. ^ "CB Richard Ellis Group, Inc. Completes Acquisition of Trammell Crow Company" (Press release). Business Wire. December 20, 2006.
  26. ^ Kreijger, Gilbert; Jonas, Ilaina (February 15, 2011). "CB Richard Ellis to buy ING real estate arm". Reuters.
  27. ^ Crowe, Deborah (October 3, 2011). "CB Richard Ellis Group Changes Name". American City Business Journals.
  28. ^ "CBRE Group, Inc. Closes Acquisition of Norland Managed Services Ltd" (Press release). December 23, 2013.
  29. ^ "CBRE Goup [sic] closes acquisition of Johnson Controls' Global Workplace Solutions business". The Economic Times. September 2, 2015. Retrieved April 27, 2019.
  30. ^ "CBRE Purchases FacilitySource from Warburg Pincus for $290M". GlobeSt.com.
  31. ^ "CBRE relocating headquarters to Dallas from Los Angeles, sources say". wfaa.com. 28 October 2020. Retrieved 2021-02-11.
  32. ^ Price, David (27 July 2021). "Turner & Townsend sells major stake to US firm in £960m deal". Construction News. Retrieved 27 July 2021.

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