Company:CBRE Group

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CBRE Group, Inc.
TypePublic
IndustryReal estate
FoundedAugust 27, 1906; 120 years ago (1906-08-27) (as Tucker, Lynch & Coldwell)
Headquarters
  • Dallas, Texas (corporate)
  • New York City (financial)
[1]
,
U.S.
Number of locations
500+ (2025)
Area served
Worldwide
Key people
Bob Sulentic (Chair and CEO)
ServicesCommercial real estate services, investment and critical infrastructure services
RevenueIncrease US$40.6 billion (2025)
Increase US$1.8 billion (2025)
Increase US$1.3 billion (2025)
Total assetsIncrease US$30.9 billion (2025)
Total equityIncrease US$9.2 billion (2025)
Number of employees
155,000 (2025)
Websitecbre.com
Footnotes / references
[2]
Corporate headquarters on McKinney Avenue in Dallas, Texas

CBRE Group, Inc. is an American commercial real estate services and investment firm, with corporate headquarters in Dallas, Texas, and global financial headquarters at Lever House in Midtown Manhattan.[1][3] It is the world's largest commercial real estate services and investment firm based on 2025 revenue.[4][5]

The firm is ranked 118th on the Fortune 500 and has been included every year since 2008.[6] CBRE serves approximately 90 of the companies on the Fortune 100.[7] It is one of the major commercial real estate brokerage firms, alongside JLL, Cushman & Wakefield and Newmark Group.[8]

Services

CBRE provides services to occupiers of and investors in commercial real estate as well as critical infrastructure services. For occupiers, CBRE provides facilities management, project management, transaction (both property sales and leasing) and consulting services, financial services, and valuation, among others. For investors, CBRE provides capital markets (property sales, commercial mortgage brokerage, loan origination and servicing), property leasing, investment management, property management, sustainability, valuation and development services, among others.[9] Its critical infrastructure services include management and operations of data centers and technical services for digital and power infrastructure assets.[10]

CBRE's board of directors includes leaders from a range of industries, including Turner & Townsend Chairman and Chief Executive Officer Vincent Clancy, president of Financial Services at Capital One Sanjiv Yajnik, and former Morgan Stanley Global Chairman of Real Estate Guy Metcalfe.[11][12][13]

History

In 1906, Tucker, Lynch & Coldwell, the earliest predecessor to CBRE, was established. In 1913, the company added Benjamin Arthur Banker as a partner and changed the combined entity's name in 1918 to Coldwell, Kern & Banker. In 1919, the name became Coldwell, Kern, Cornwall & Banker, and in 1920, Coldwell, Cornwall & Banker. Cornwall retired in 1940, and the company name changed again to Coldwell, Banker & Company, which was shortened to Coldwell Banker in 1974.[14][15]

In 1981, Coldwell Banker was acquired by Sears.[16] In 1989, Sears sold Coldwell Banker's commercial unit to a management-led buyout group including The Carlyle Group for approximately $300 million.[17][18][19] After the buyout, the company was renamed CB Commercial Real Estate Group.[20] The residential group retained the Coldwell Banker name.[19]

CB Commercial returned to the public markets in 1996 through an initial public offering that raised approximately $80 million.[20][21] The company subsequently expanded through acquisitions, purchasing Koll Real Estate Services in 1997 and merging with Richard Ellis International the following year.[22][23] The merger resulted in the CB Richard Ellis name and was followed by the acquisition of UK firm Hillier Parker.[24][25]

An investment group led by Blum Capital took the company private in 2001 in an $800 million leveraged buyout.[26] CBRE acquired Insignia Financial Group in 2003 and returned to the public markets the following year.[27][28][29] In 2006, the company's shares were added to the S&P 500 Index, and the same year the company acquired Trammell Crow Company for $2.2 billion.[30][31][32] In 2011, the company acquired the real estate investment business of ING Group for $940 million.[33]

In 2011, the company changed its name to CBRE Group Inc.[34]

In 2013, the company acquired Norland Managed Services, a facilities, energy and project management provider in the United Kingdom and Ireland.[35] In 2015, the company acquired Global Workplace Solutions from Johnson Controls.[36] In 2018, the company acquired FacilitySource.[37] In 2019, the company acquired the London developer Telford Homes.

In 2020, CBRE moved its global headquarters from Los Angeles to Trammell Crow's former headquarters building in Dallas, Texas.[38][39] In 2021, CBRE Group paid £960 million for a 60% stake in the UK construction consultancy firm Turner & Townsend.[40] In 2025, CBRE merged its project management businesses into Turner & Townsend, creating a $3bn business employing over 20,000 staff in 60 countries.[41] CBRE increased its Turner & Townsend ownership stake to 70%.[41]

In January 2025, CBRE acquired full ownership of Industrious, a provider of coworking office spaces.[42][43] In January 2025, CBRE announced a new global financial headquarters at Lever House in Midtown Manhattan.[1] In November 2025, CBRE announced the acquisition of Pearce Services from New Mountain Capital for $1.2 billion in cash.[44]

See also

References

  1. ↑ 1.0 1.1 1.2 "CBRE Group Establishes Global Financial Headquarters at Lever House in Midtown Manhattan". CBRE. January 3, 2025. https://www.cbre.com/press-releases/cbre-group-establishes-global-financial-headquarters-at-lever-house-in-midtown-manhattan#:~:text=CBRE%20global%20corporate%20headquarters%20continues,contiguous%20space%20on%20six%20floors.. 
  2. ↑ "2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 14, 2025. https://www.sec.gov/ix?doc=/Archives/edgar/data/1138118/000113811825000005/cbre-20241231.htm. 
  3. ↑ "CBRE lancia anche in Italia i servizi di progettazione di interni – By Internews" (in it-IT). https://www.internews.biz/cbre-lancia-anche-in-italia-i-servizi-di-progettazione-di-interni/. 
  4. ↑ "CBRE Group, Inc. Reports Financial Results for Q4 and Full Year 2025" (in en). 2026-02-12. https://ir.cbre.com/press-releases/detail/261/cbre-group-inc-reports-financial-results-for-q4-and-full. 
  5. ↑ Goldman, Sharon. "AI data centers are reshaping the world’s largest commercial real estate company" (in en). https://fortune.com/2026/05/20/how-the-ai-data-center-boom-has-transformed-the-worlds-largest-commercial-real-estate-company/. 
  6. ↑ "CBRE Group" (in en). https://fortune.com/company/cbre-group/fortune500/. 
  7. ↑ "cbre-20251231". https://www.sec.gov/Archives/edgar/data/1138118/000113811826000005/cbre-20251231.htm. 
  8. ↑ "2026 Top CRE Brokerage Firms" (in en-US). Commercial Property Executive. https://www.commercialsearch.com/news/top-commercial-real-estate-brokerage-firms/. 
  9. ↑ ""Annual Report 2018" pg7". https://s22.q4cdn.com/564468338/files/doc_financials/annual/2018/CBRE-2018-Annual-Report.pdf. 
  10. ↑ "cbre-20260324". https://www.sec.gov/Archives/edgar/data/1138118/000113811826000008/cbre-20260324.htm. 
  11. ↑ Wilbert, Tony (2024-02-26). "CBRE Appoints Morgan Stanley's Former Real Estate Chairman to Its Board". https://www.costar.com/article/773297040/cbre-appoints-morgan-stanleys-former-real-estate-chairman-to-its-board. 
  12. ↑ Harris, William (2025-01-03). "Vincent Clancy Joins CBRE Board of Directors" (in en-US). https://www.citybiz.co/article/643396/vincent-clancy-joins-cbre-board-of-directors/. 
  13. ↑ "Sanjiv Yajnik" (in en-US). https://1792exchange.com/people/sanjiv-yajnik/. 
  14. ↑ "About Coldwell Banker Real Estate". https://www.ethelcurbow.com/coldwell-banker-real-estate/. 
  15. ↑ "History of CB Richard Ellis Group, Inc". https://www.fundinguniverse.com/company-histories/cb-richard-ellis-group-inc-history/. 
  16. ↑ Rowe Jr., James L. (October 6, 1981). "Sears to Acquire Coldwell, Banker Real Estate Firm". The Washington Post. https://www.washingtonpost.com/archive/business/1981/10/06/sears-to-acquire-coldwell-banker-real-estate-firm/96dc5e29-0223-4d55-a993-59c8f255468f/. 
  17. ↑ "SEARS AGREES TO SELL COLDWELL COMPANY" (in en-US). March 28, 1989. https://www.dailypress.com/news/dp-xpm-19890328-1989-03-28-8903280046-story.html. 
  18. ↑ "Sears OKs Deal to Sell Coldwell Commercial Unit" (in en-US). Los Angeles Times. March 28, 1989. ISSN 0458-3035. https://www.latimes.com/archives/la-xpm-1989-03-28-fi-695-story.html. 
  19. ↑ 19.0 19.1 Rudd, David C. (March 28, 1989). "SEARS' COLDWELL BRINGS $300 MILLION" (in en-US). https://www.chicagotribune.com/news/ct-xpm-1989-03-28-8903300295-story.html. 
  20. ↑ 20.0 20.1 Feuerstein, Adam (September 29, 1996). "CB Commercial contemplates IPO". American City Business Journals. https://www.bizjournals.com/sanfrancisco/stories/1996/09/30/story1.html. 
  21. ↑ "FOR THE RECORD IPO PAY WILL BACK LASALLE GROWTH PLAY" (in en). July 12, 1997. https://www.chicagobusiness.com/article/19970712/ISSUE01/10004733/for-the-record-ipo-pay-will-back-lasalle-growth-play. 
  22. ↑ GRANELLI, JAMES S.; FULMER, MELINDA (March 19, 1997). "CB Commercial to Buy Koll Real Estate Services in $145-Million Deal". Los Angeles Times. https://www.latimes.com/archives/la-xpm-1997-03-19-fi-39783-story.html. 
  23. ↑ "CB Commercial to acquire California's Koll Real Estate". American City Business Journals. March 19, 1997. https://www.bizjournals.com/portland/stories/1997/03/17/daily9.html. 
  24. ↑ CB Richard Ellis acquires Hillier Parker for $69 million New York Times July 9, 1998
  25. ↑ House, Kathryn (1998-07-10). "Richard Ellis in UK buyout" (in en). https://www.afr.com/property/richard-ellis-in-uk-buyout-19980710-k889o. 
  26. ↑ "CB Richard Ellis Agrees to Group's $750-Million Buyout". Los Angeles Times. Bloomberg News. February 26, 2001. https://www.latimes.com/archives/la-xpm-2001-feb-26-fi-30385-story.html. 
  27. ↑ Vincent, Roger (February 19, 2003). "CB Richard Ellis to Buy Insignia". Los Angeles Times. https://www.latimes.com/archives/la-xpm-2003-feb-19-fi-cb18-story.html. 
  28. ↑ Corfman, Thomas A. (February 19, 2003). "CB Richard Ellis acquires Insignia". Chicago Tribune. https://www.chicagotribune.com/news/ct-xpm-2003-02-19-0302190272-story.html. 
  29. ↑ Vincent, Roger (June 10, 2004). "CB Richard Ellis Stock Offering Brings in a Total of $454.9 Million". Los Angeles Times. https://www.latimes.com/archives/la-xpm-2004-jun-10-fi-cb10-story.html. 
  30. ↑ Haddad, Annette (November 1, 2006). "CB Richard Ellis to buy major rival". Los Angeles Times. https://www.latimes.com/archives/la-xpm-2006-nov-01-fi-realty1-story.html. 
  31. ↑ "CB Richard Ellis Group, Inc. Completes Acquisition of Trammell Crow Company" (Press release). Business Wire. December 20, 2006.
  32. ↑ MANTELL, RUTH (November 6, 2006). "S&P announces index changes". MarketWatch. https://www.marketwatch.com/story/sp-announces-index-changes-2006116195500. 
  33. ↑ Kreijger, Gilbert; Jonas, Ilaina (February 15, 2011). "CB Richard Ellis to buy ING real estate arm". Reuters. https://www.reuters.com/article/us-ing-idUSTRE71E49520110215. 
  34. ↑ Crowe, Deborah (October 3, 2011). "CB Richard Ellis Group Changes Name". American City Business Journals. https://labusinessjournal.com/news/2011/oct/03/cb-richard-ellis-group-changes-name/. 
  35. ↑ Phillips, David (December 26, 2013). "CBRE Closes Norland UK Deal". GlobeSt. https://www.globest.com/2013/12/26/cbre-closes-norland-uk-deal/. 
  36. ↑ "CBRE Goup [sic] closes acquisition of Johnson Controls' Global Workplace Solutions business". The Economic Times. September 2, 2015. https://economictimes.indiatimes.com/wealth/personal-finance-news/cbre-goup-closes-acquisition-of-johnson-controls-global-workplace-solutions-business/articleshow/48770148.cms. 
  37. ↑ Kim, Betsy (June 25, 2018). "CBRE Purchases FacilitySource from Warburg Pincus for $290M". GlobeSt. https://www.globest.com/2018/06/25/cbre-purchases-facilitysource-from-warburg-pincus-for-290m/. 
  38. ↑ "CBRE relocating headquarters to Dallas from Los Angeles, sources say" (in en-US). October 28, 2020. https://www.wfaa.com/article/money/business/cbre-relocating-headquarters-to-dallas-from-los-angeles-sources-say/287-9ea50c6e-ece8-4c10-bd38-0eea9399704c. 
  39. ↑ Butler, Anna (2024-07-29). "Inside CBRE's new global headquarters in Dallas" (in en). https://www.dallasnews.com/business/real-estate/2024/07/29/inside-cbres-new-global-headquarters-in-dallas/. 
  40. ↑ Price, David (July 27, 2021). "Turner & Townsend sells major stake to US firm in £960m deal". Construction News. https://www.constructionnews.co.uk/financial/ma/turner-townsend-sells-major-stake-to-us-firm-in-960m-deal-27-07-2021/. 
  41. ↑ 41.0 41.1 Morby, Aaron (June 25, 2024). "CBRE and T&T to combine project management arms". Construction Enquirer. https://www.constructionenquirer.com/2024/06/24/cbre-and-tt-to-combine-project-management-arms/. 
  42. ↑ Grant, Peter (2025-01-14). "Exclusive | Giant Commercial-Property Firm Goes All In on Co-Working With New Deal" (in en-US). Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/real-estate/commercial/giant-commercial-property-firm-goes-all-in-on-co-working-with-new-deal-f0b036fe. 
  43. ↑ "CBRE Group to Acquire Industrious, Create New Business Segment" (in en). https://www.cbre.com/press-releases/cbre-group-to-acquire-industrious-create-new-business-segment. 
  44. ↑ "CBRE buys Pearce Services for $1.2 bln to grow infrastructure portfolio". Reuters. 4 November 2025. https://www.reuters.com/legal/transactional/cbre-buys-pearce-services-12-bln-grow-infrastructure-portfolio-2025-11-04/. 



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