“Market Cap $9.18 B As of May 2014
At a Glance
- Industry: Real Estate
- Founded: 1906
- Country: United States
- CEO: Robert Sulentic
- Website: www.cbre.com
- Employees: 44,000
- Sales: $7.19 B
- Headquarters: Los Angeles, California
#1495 Global 2000
- #1249 in Sales
- #1680 in Profit
- #1168 in Market value
CBRE Group, Inc. provides commercial real estate services. It offers a range of services to occupiers, owners, lenders and investors in office, retail, industrial, multi-family and other types of commercial real estate. The company operates its business through five segments: Americas, Europe, Middle East & Africa, Asia Pacific, Global Investment Management and Development Services. The Americas segment provides a range of services throughout the United States and in the metropolitan regions in Canada and selected parts of Latin America through both wholly-owned operations as well as independent affiliated offices. The Europe, Middle East & Africa segment operates in 41 countries with operations primarily conducted through a number of indirect wholly owned subsidiaries. Its operations are located in France, Germany, Italy, the Netherlands, Russia, Spain and the United Kingdom. This segment’s operations in these countries generally provide a range of services to the commercial property sector. It also provides residential property services, primarily in France, Spain and the United Kingdom. The Asia Pacific segment operates in 13 countries with operations primarily conducted through a number of indirect wholly owned subsidiaries. It provides a range of real estate services to corporations throughout the region, similar to the range of services provided by its Americas and EMEA segments. The Global Investment Management segment provides investment management services to clients and partners that include pension plans, foundations, endowments and other organizations seeking to generate returns and diversification through investment in real estate. The Development Services segment provides development services primarily in the United States to users of and investors in commercial real estate, as well as for its own account. CBRE Group was formerly known as CB Richard Ellis Group, Inc. and changed its name to CBRE Group, Inc. on October 3, 2011. The company was founded by Colbert Coldwell in 1906 and is headquartered in Los Angeles, CA.“
“CBRE Group History
Following the 1906 San Francisco earthquake, Tucker, Lynch & Coldwell was established on August 27, 1906, and renamedColdwell, Banker & Company in 1940. In 1989, in a leveraged buyout, CB Commercial was spun off from Coldwell Banker as a privately held company, CB Commercial Real Estate Group Inc., 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 agreed to buy ING group’s real estate investment management business in Europe and Asia and its listed securities business, creating an enterprise with more than $90 billion of assets under management.
The company changed its name to CBRE Group, Inc. on October 3, 2011.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “CBRE“