|Traded as||NYSE: CBG
S&P 500 Component
Number of locations
|Products||Commercial real estate services|
|Revenue||US$11.0 billion (2015)|
|US$792.3 million (2014)|
|US$ 513.5 million (2014)|
|Total assets||US$7.7 billion (2014)|
|Total equity||US$2.3 billion (2014)|
Number of employees
|Footnotes / references
Number of employees, number of locations; financials (revenue, income, assets, equity)
CBRE Group, Inc. is an American commercial real estate company with headquarters in Los Angeles, California. As of its successful 2011 bid to acquire part of ING, CBRE was the world's largest real estate investment manager. CBRE was ranked at 259 in the Fortune 500 in 2016 and was the highest-ranked company in the real estate sector.
Following the 1906 San Francisco earthquake, Tucker, Lynch & Coldwell was established on August 27, 1906, and renamed Coldwell, Banker & Company in 1940. In 1989, in a leveraged buyout, CB Commercial was spun off as a privately held company, CB Commercial Real Estate Group Inc., from Coldwell Banker which, after financial difficulties, was later acquired by Realogy. Following CB Commercial’s 1998 acquisition of Richard Ellis International Limited, which traced its roots to London in 1773, the company changed its name to CB Richard Ellis.
In June 2004, CBRE began trading on the New York Stock Exchange. In 2005, CBRE was first recognized as a Fortune 1000 company, and in 2006 it was added to the S&P 500. In late 2006, CBRE merged with Trammell Crow Company in a transaction valued at $2.2 billion.
In February 2011, CBRE won in auction the right to buy ING's real estate investment management business in Europe and Asia (Asia acquisition completed in October 2011) as well as ING's United States–based Clarion Real Estate Securities division, making CBRE the "world's biggest real estate investment manager". The agreement also included ING's listed securities business.
In January 2017, CBRE Group acquired Floored, a New York-based commercial real estate software company. On January 31, 2017, CBRE Global Investment Partners disclosed that it would invest $450 million in a portfolio of retail property on the West Coast.
In real estate, as of 2011, CBRE's approach has been to invest in "properties that need upgrading before they are sold". The company's acquisition of ING Asian real estate assets was consistent with this in that, though ING's approach to real estate has in general been to "invest in properties with a steady cash flow as well as listed real estate securities", the Asian property business included a significant stake in "properties that need upgrading".
|Chief executive officer||Jim Didion (1990's)||Ray Wirta ( –2005)||Brett White (2005–2012)||Bob Sulentic (2013– )|
|Chief operating officer||Mike Laffite (2013– )|
|Chief financial officer||Bob Sulentic (2009-2010)||Gil Borok (2010-2014)||Jim Groch (2014-)|
|Chairman of the board||Ray Wirta (2014– )|
|President||Brett White (2001–2005)||Bob Sulentic (2010–2013)|
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- "CBRE Group, Inc. Reports 2014 Revenue Growth Of 26% And 25% For Fourth Quarter". Retrieved February 4, 2015.
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- Haddad, Annette (November 1, 2006). "CB Richard Ellis to buy major rival". latimes.
- Kreijger, Gilbert; Jonas, Ilaina (February 15, 2011). Webb, Sara; Kerr, Ted; Hill, Gary, eds. "CB Richard Ellis to buy ING real estate arm". Reuters. Retrieved April 21, 2015.
- "BRIEF-CBRE Group acquires Floored". Reuters. 2017-01-03. Retrieved 2017-01-23.
- Fung, Esther (November 22, 2016), CBRE Global Investment Partners Buys Stake in $1.5 Billion Retail Property Portfolio, New York City: Wall Street Journal, retrieved February 1, 2017
- Drummer, Randyl (May 8, 2012). "CBRE President Robert Sulentic To Succeed Retiring CEO Brett White". CoStar Group. Retrieved 29 April 2015.
- Staff (October 2, 2013). "CBRE creates new job at the helm of global valuation sector". Real Estate Wkly. Retrieved 29 April 2015.
- Carlisle, Candace (July 26, 2012). "Mike Lafitte named global president of CBRE services". Dallas Bus. J. Retrieved 29 April 2015.
- Forbes, Laurie (March 5, 2010). "CBRE Names CFO; Turns Over Reins of Private Client Group". CoStar Group. Retrieved 30 April 2015.
- "CFO Moves – week ending February 28, 2014".
- "CBRE: Investor Relations - Corporate Governance - Biography". cbre.com.
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