CBRE Group

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CBRE Group, Inc.
Traded as
IndustryReal estate
Founded(August 27, 1906; 112 years ago (August 27, 1906))
Number of locations
450 (2017)[1]:1
Area served
Key people
  • Robert Sulentic, CEO[1]:129
  • Jack Durburg, Global Chief Operating Officer[2]
  • James Groch, CFO[1]:129
  • Brandon Boze, Chairman
ProductsCommercial real estate services and investment
RevenueIncrease US$14.210 billion (2017)[1]:24
Increase US$1.071 billion (2017)[1]:24
Increase US$0.691 billion (2017)[1]:24
Total assetsIncrease US$11.484 billion (2017)[1]:25
Total equityIncrease US$4.080 billion (2017)[1]:57
Number of employees
80,000 (2017)[1]:1

CBRE Group, Inc. is an American commercial real estate services and investment firm. It is the largest company of its kind in the world.[1]

CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.[1]:1 It is based in Los Angeles, California and operates more than 450 offices worldwide and serves clients in more than 100 countries.[1]

The CBRE Global Investors subsidiary sponsors real estate investments via investment funds and direct investments that it manages. As of September 30, 2018, the division had US$104.5 billion in assets under management.[citation needed] The Trammell Crow Company subsidiary is the largest commercial real estate developer in the United States, according to Commercial Property Executive's annual ranking.[3]

In 2017, the company received 55.3% of its revenue from the Americas,[1]:2 29.3% of revenue from Europe, the Middle East and Africa, 12.2% of revenue from the Asia Pacific region.[1]:4

The company is ranked 146th on the Fortune 500[4] and has been included in the Fortune 500 in every year since 2008.[1]:1 The company serves more than 90 of the top 100 companies on the Fortune 100.[1]:1


On August 27, 1906, following the 1906 San Francisco earthquake, Tucker, Lynch & Coldwell was established. In 1940, the company was renamed Coldwell Banker. In 1981, Coldwell Banker was acquired by Sears.[5]

In 1989, Sears sold Coldwell Banker to a management-led buyout group that included The Carlyle Group for $305 million.[6] The company was renamed CB Commercial.

In 1995, the company acquired Westmark Realty Advisors for $37.5 million.[7]

In 1996, the company acquired L.J. Melody & Co. for $15 million.[8]

In 1996, the company became a public company via an initial public offering.[9]

In 1997, the company acquired Koll Real Estate Services for $145 million.[10][11]

In 1998, the company merged with Richard Ellis International (REI) Limited and changed its name to CB Richard Ellis. The company also acquired Hillier Parker May & Rowden for $69 million.[12]

In 2001, the company was taken private by an investment group led by Blum Capital in an $800 million transaction.[13]

In 2003, the company acquired Insignia Financial Group for $415 million in cash.[14][15]

On June 10, 2004, the company once again became a public company via an initial public offering.[9]

In 2006, the company was added to the S&P 500 Index.[16]

In December 2006, the company acquired Trammell Crow Company for $2.2 billion.[17][18]

In 2011, the company acquired the real estate investment management business of ING Group for $940 million.[19]

In 2011, the company changed its name to CBRE Group Inc.[20]

In 2012, Robert Sulentic was named President & CEO.[21]

In 2013 the company acquired Norland Managed Services, a leading facilities, energy and project management providers in the UK & Ireland.[22]

In 2015 the company acquired Global Workplace Solutions from Johnson Controls.[23]

In 2018, the company acquired FacilitySource[24] and launched Hana, a service offering designed to help institutional property owners meet the rapidly growing demand for flexible space solutions.[25] The company also changed its ticker symbol to "CBRE" from "CBG".[26]

On January 1, 2019, the company reorganized its operations around three global businesses: Advisory Services; Global Workplace Solutions; and Real Estate Investments.[27]


  1. ^ a b c d e f g h i j k l m n o p q CBRE Group (March 1, 2018). Form 10–K: Annual Report, CBRE Group, Inc (Report) (2017 ed.). Retrieved July 3, 2018.
  2. ^ "CBRE Announces Future Organization Structure and Executive Promotions". August 17, 2018.
  3. ^ "2018 Top 50 Development Firms". Commercial Property Executive. Retrieved January 9, 2018.
  4. ^ "Fortune 500: CBRE Group (CBRE)". Fortune.
  5. ^ Rowe Jr., James L. (October 6, 1981). "Sears to Acquire Coldwell, Banker Real Estate Firm". The Washington Post.
  6. ^ "Coldwell Banker Commercial: Global Network".
  7. ^ PETRUNO, TOM (June 1, 1995). "CB Commercial to Acquire Westmark Realty: Real estate: Deal between L.A. firms will create $4-billion portfolio of managed property". Los Angeles Times.
  8. ^ Dawson, Jennifer (October 3, 2005). "L.J. Melody changes name to CBRE Melody". American City Business Journals.
  9. ^ a b Vincent, Roger (June 10, 2004). "CB Richard Ellis Stock Offering Brings in a Total of $454.9 Million". Los Angeles Times.
  10. ^ GRANELLI, JAMES S.; FULMER, MELINDA (March 19, 1997). "CB Commercial to Buy Koll Real Estate Services in $145-Million Deal". Los Angeles Times.
  11. ^ "CB Commercial to acquire California's Koll Real Estate". American City Business Journals. March 19, 1997.
  12. ^ "CB RICHARD ELLIS ACQUIRES HILLIER PARKER FOR $69 MILLION". The New York Times. Reuters. July 9, 1998.
  13. ^ FRANCISCO, BAMBI (February 25, 2001). "CB Richard Ellis is going private". Marketwatch.
  14. ^ Vincent, Roger (February 19, 2003). "CB Richard Ellis to Buy Insignia". Los Angeles Times.
  15. ^ Corfman, Thomas A. (February 19, 2003). "CB Richard Ellis acquires Insignia". Chicago Tribune.
  16. ^ MANTELL, RUTH (November 6, 2006). "S&P announces index changes". Marketwatch.
  17. ^ Haddad, Annette (November 1, 2006). "CB Richard Ellis to buy major rival". Los Angeles Times.
  18. ^ "CB Richard Ellis Group, Inc. Completes Acquisition of Trammell Crow Company" (Press release). Business Wire. December 20, 2006.
  19. ^ Kreijger, Gilbert; Jonas, Ilaina (February 15, 2011). "CB Richard Ellis to buy ING real estate arm". Reuters.
  20. ^ Crowe, Deborah (October 3, 2011). "CB Richard Ellis Group Changes Name". American City Business Journals.
  21. ^ Carlisle, Candace (December 7, 2012). "Robert Sulentic of Dallas becomes president and CEO of CBRE Group Inc". American City Business Journals.
  22. ^ "CBRE Group, Inc. Closes Acquisition of Norland Managed Services Ltd". MarketWatch. December 23, 2013. Retrieved April 27, 2019.
  23. ^ "CBRE Goup closes acquisition of Johnson Controls' Global Workplace Solutions business". The Economic Times. September 2, 2015. Retrieved April 27, 2019.
  24. ^ "CBRE Purchases FacilitySource From Warburg Pincus For $290M".
  25. ^ "CBRE Launches Service Offering to Meet Growing Demand for Flexible Space Solutions". October 31, 2018.
  26. ^ "CBRE Group, Inc. Announces NYSE Ticker Symbol Change to "CBRE"". MarketWatch. March 8, 2018. Retrieved April 29, 2019.
  27. ^ "CBRE Announces Future Organization Structure and Executive Promotions". August 17, 2018.

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