CBRE Group: Difference between revisions
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| area_served = Worldwide |
| area_served = Worldwide |
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| key_people = {{unbulleted list| Robert Sulentic, [[Chief executive officer|CEO]]<ref name=10K />{{rp|129}}|Jack Durburg, Global Chief Operating Officer<ref>{{cite news | url=https://www.businesswire.com/news/home/20180817005040/en/CBRE-Announces-Future-Organization-Structure-Executive-Promotions |title=CBRE Announces Future Organization Structure and Executive Promotions |date=August 17, 2018}}</ref> |Mike Lafitte, Global CEO, Advisory Services<ref>{{cite news | url=https://www.businesswire.com/news/home/20180817005040/en/CBRE-Announces-Future-Organization-Structure-Executive-Promotions |title=CBRE Announces Future Organization Structure and Executive Promotions |date=August 17, 2018}}</ref> |Bill Concannon, CEO, Global Workplace Solutions<ref>{{cite news | url=https://www.businesswire.com/news/home/20180817005040/en/CBRE-Announces-Future-Organization-Structure-Executive-Promotions |title=CBRE Announces Future Organization Structure and Executive Promotions |date=August 17, 2018}}</ref>}} |Danny Queenan, Global CEO, Real Estate Investments<ref>{{cite news | url=https://www.businesswire.com/news/home/20180817005040/en/CBRE-Announces-Future-Organization-Structure-Executive-Promotions |title=CBRE Announces Future Organization Structure and Executive Promotions |date=August 17, 2018}}</ref>|James Groch, [[Chief financial officer|CFO]]<ref name=10K/>{{rp|129}} |Brandon Boze, [[Chairman of the board|Chairman]]}}<ref name=10K/>{{rp|129}}| industry = [[Real estate]] |
| key_people = {{unbulleted list| Robert Sulentic, [[Chief executive officer|CEO]]<ref name=10K />{{rp|129}}|Jack Durburg, Global Chief Operating Officer<ref>{{cite news | url=https://www.businesswire.com/news/home/20180817005040/en/CBRE-Announces-Future-Organization-Structure-Executive-Promotions |title=CBRE Announces Future Organization Structure and Executive Promotions |date=August 17, 2018}}</ref> |Mike Lafitte, Global CEO, Advisory Services<ref>{{cite news | url=https://www.businesswire.com/news/home/20180817005040/en/CBRE-Announces-Future-Organization-Structure-Executive-Promotions |title=CBRE Announces Future Organization Structure and Executive Promotions |date=August 17, 2018}}</ref> |Bill Concannon, CEO, Global Workplace Solutions<ref>{{cite news | url=https://www.businesswire.com/news/home/20180817005040/en/CBRE-Announces-Future-Organization-Structure-Executive-Promotions |title=CBRE Announces Future Organization Structure and Executive Promotions |date=August 17, 2018}}</ref>}} |Danny Queenan, Global CEO, Real Estate Investments<ref>{{cite news | url=https://www.businesswire.com/news/home/20180817005040/en/CBRE-Announces-Future-Organization-Structure-Executive-Promotions |title=CBRE Announces Future Organization Structure and Executive Promotions |date=August 17, 2018}}</ref>|James Groch, [[Chief financial officer|CFO]]<ref name=10K/>{{rp|129}} |Brandon Boze, [[Chairman of the board|Chairman]]}}<ref name=10K/>{{rp|129}}| industry = [[Real estate]] |
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| products = {{ |
| products = {{|Commercial real estate services and investment}} |
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| num_locations = 450 (2017)<ref name=10K/>{{rp|1}} |
| num_locations = 450 (2017)<ref name=10K/>{{rp|1}} |
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| revenue = {{unbulleted list|{{increase}} {{US$|14.210 billion}} (2017)<ref name=10K/>{{rp|24}}|{{increase}} {{US$|13.072 billion}} (2016)}} |
| revenue = {{unbulleted list|{{increase}} {{US$|14.210 billion}} (2017)<ref name=10K/>{{rp|24}}|{{increase}} {{US$|13.072 billion}} (2016)}} |
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Revision as of 00:13, 10 January 2019
.svg){kind=logo} | |
| Company type | Public |
|---|---|
| Founded | (August 27, 1906) |
| Headquarters | , United States  |
Area served | Worldwide |
Key people | |
| Revenue | 30,828,246,000 United States dollar (2022) |
| 1,511,915,000 United States dollar (2022) | |
| 1,407,370,000 United States dollar (2022) | |
[1]: 129 | industry = Real estate
| products = {{|Commercial real estate services and investment}} | num_locations = 450 (2017)[1]: 1
| revenue =
US$14.210 billion (2017)[1]: 24 - US$13.072 billion (2016)
| operating_income =
- US$1.071 billion (2017)[1]: 24
US$0.815 billion (2016)
| net_income =
- US$0.691 billion (2017)[1]: 24
- US$0.572 billion (2016)
| assets =
- US$11.484 billion (2017)[1]: 25
- US$10.780 billion (2016)
| equity =
- US$4.080 billion (2017)[1]: 57
- US$3.057 billion (2016)
| num_employees = 80,000 (2017)[1]: 1
| website = cbre
CBRE Group, Inc. is a commercial real estate services and investment firm. It is the largest company of its kind in the world.[1] It is based in Los Angeles, California and operates more than 450 offices worldwide and serves clients in more than 100 countries.[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 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.[6] The Trammell Crow Company subsidiary is the largest commercial real estate developer in the United States, according to Commercial Property Executive's annual ranking.[7]
The company is ranked #207 on the Fortune 500 as of 2018,[8] 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
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
History
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.[9]
In 1989, Sears sold Coldwell Banker to a management-led buyout group that included The Carlyle Group for $305 million.[10] The company was renamed CB Commercial.
In 1995, the company acquired Westmark Realty Advisors for $37.5 million.[11]
In 1996, the company acquired L.J. Melody & Co. for $15 million.[12]
In 1996, the company became a public company via an initial public offering.[13]
In 1997, the company acquired Koll Real Estate Services for $145 million.[14][15]
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.[16]
In 2001, the company was taken private by an investment group led by Blum Capital in an $800 million transaction.[17]
In 2003, the company acquired Insignia Financial Group for $415 million in cash.[18][19]
On June 10, 2004, the company once again became a public company via an initial public offering.[13]
In 2006, the company was added to the S&P 500 Index.[20]
In December 2006, the company acquired Trammell Crow Company for $2.2 billion.[21][22]
In 2011, the company acquired the real estate investment management business of ING Group for $940 million.[23]
In 2011, the company changed its name to CBRE Group Inc.[24]
In 2012, Robert Sulentic was named President & CEO.[25]
In 2013 the company acquired Norland Managed Services, a leading facilities, energy and project management providers in the UK & Ireland.[26]
In 2015 the company acquired Global Workplace Solutions from Johnson Controls.[27]
In 2018, the company acquired FacilitySource[28] and launched Hana, a service offering designed to help institutional property owners meet the rapidly growing demand for flexible space solutions.[29] The company also changed its ticker symbol to "CBRE" from "CBG".[30]
On January 1, 2019, the company reorganized its operations around three global businesses: Advisory Services; Global Workplace Solutions; and Real Estate Investments.[31]
References
- ^ 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.
- ^ "CBRE Announces Future Organization Structure and Executive Promotions". August 17, 2018.
- ^ "CBRE Announces Future Organization Structure and Executive Promotions". August 17, 2018.
- ^ "CBRE Announces Future Organization Structure and Executive Promotions". August 17, 2018.
- ^ "CBRE Announces Future Organization Structure and Executive Promotions". August 17, 2018.
- ^ {{cite web | url=https://www.cbre.com/about/media-center/cbre-q3-2018-earnings
- ^ "2018 Top 50 Development Firms". Commercial Property Executive. Retrieved January 9, 2018.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ "CBRE Group (CBRE) Stock Price, Financials and News". Fortune 500. Time, Inc. Retrieved July 3, 2018.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ Rowe Jr., James L. (October 6, 1981). "Sears to Acquire Coldwell, Banker Real Estate Firm". The Washington Post.
- ^ "Coldwell Banker Commercial: Global Network".
- ^ 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.
- ^ Dawson, Jennifer (October 3, 2005). "L.J. Melody changes name to CBRE Melody". American City Business Journals.
- ^ a b Vincent, Roger (June 10, 2004). "CB Richard Ellis Stock Offering Brings in a Total of $454.9 Million". Los Angeles Times.
- ^ GRANELLI, JAMES S.; FULMER, MELINDA (March 19, 1997). "CB Commercial to Buy Koll Real Estate Services in $145-Million Deal". Los Angeles Times.
- ^ "CB Commercial to acquire California's Koll Real Estate". American City Business Journals. March 19, 1997.
- ^ "CB RICHARD ELLIS ACQUIRES HILLIER PARKER FOR $69 MILLION". Reuters. The New York Times. July 9, 1998.
- ^ FRANCISCO, BAMBI (February 25, 2001). "CB Richard Ellis is going private". Marketwatch.
- ^ Vincent, Roger (February 19, 2003). "CB Richard Ellis to Buy Insignia". Los Angeles Times.
- ^ Corfman, Thomas A. (February 19, 2003). "CB Richard Ellis acquires Insignia". Chicago Tribune.
- ^ MANTELL, RUTH (November 6, 2006). "S&P announces index changes". Marketwatch.
- ^ Haddad, Annette (November 1, 2006). "CB Richard Ellis to buy major rival". Los Angeles Times.
- ^ "CB Richard Ellis Group, Inc. Completes Acquisition of Trammell Crow Company" (Press release). Business Wire. December 20, 2006.
- ^ Kreijger, Gilbert; Jonas, Ilaina (February 15, 2011). "CB Richard Ellis to buy ING real estate arm". Reuters.
- ^ Crowe, Deborah (October 3, 2011). "CB Richard Ellis Group Changes Name". American City Business Journals.
- ^ Drummer, Randyl (May 8, 2012). "CBRE President Robert Sulentic To Succeed Retiring CEO Brett White". CoStar Group.
- ^ https://news.cbre.co.uk/cbre-group-inc-closes-acquisition-of-norland-managed-services-ltd/
- ^ https://www.cbre.com/about/media-center/cbre-closes-acquisition-of-global-workplace-solutions
- ^ "CBRE Purchases FacilitySource From Warburg Pincus For $290M". GlobeSt.com.
- ^ "CBRE Launches Service Offering to Meet Growing Demand for Flexible Space Solutions". October 31, 2018.
- ^ "CBRE Group, Inc. Announces NYSE Ticker Symbol Change To "CBRE"". March 8, 2018.
- ^ "CBRE Announces Future Organization Structure and Executive Promotions". August 17, 2018.
External links
- Business data for CBRE Group:
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