CBRE Group

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US commercial real estate services and investment company

title: "CBRE Group" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["1996-initial-public-offerings", "2001-mergers-and-acquisitions", "2004-initial-public-offerings", "american-companies-established-in-1906", "commercial-real-estate-companies", "companies-based-in-dallas", "companies-listed-on-the-new-york-stock-exchange", "property-services-companies-of-the-united-kingdom", "real-estate-companies-established-in-1906", "real-estate-services-companies-of-the-united-states"] description: "US commercial real estate services and investment company" topic_path: "geography/united-states" source: "https://en.wikipedia.org/wiki/CBRE_Group" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary US commercial real estate services and investment company ::

::data[format=table title="Infobox company"]

FieldValue
nameCBRE Group, Inc.
logoCBRE_Group.svg
imageLever House 390 Park Avenue.jpg
image_captionGlobal financial headquarters at Lever House in Midtown Manhattan
typePublic
traded_as
industryReal estate
founded(as Tucker, Lynch & Coldwell)
hq_location_city
hq_location_countryU.S.
num_locations500+
num_locations_year2022
area_servedWorldwide
key_peopleBob Sulentic (chairman and CEO)
servicesCommercial real estate services and investment
revenue(2024)
operating_income(2024)
net_income(2024)
assets(2024)
equity(2024)
num_employees140,000 (2024)
website
footnotes
::

| name = CBRE Group, Inc. | logo = CBRE_Group.svg | image = Lever House 390 Park Avenue.jpg | image_caption = Global financial headquarters at Lever House in Midtown Manhattan | type = Public | traded_as = | industry = Real estate | founded = (as Tucker, Lynch & Coldwell) | hq_location_city =
| hq_location_country = U.S. | num_locations = 500+ | num_locations_year = 2022 | area_served = Worldwide | key_people = Bob Sulentic (chairman and CEO) | services = Commercial real estate services and investment | revenue = (2024) | operating_income = (2024) | net_income = (2024) | assets = (2024) | equity = (2024) | num_employees = 140,000 (2024) | website = | footnotes = ::figure[src="https://upload.wikimedia.org/wikipedia/commons/a/a8/CBRE_Birmingham_Office.jpg" caption="[[Birmingham]] office at 55 Temple Row" alt="The image shows a grey office building with black windows and a car on the bottom."] ::

::figure[src="https://upload.wikimedia.org/wikipedia/commons/5/57/TC-skyline10.8.12-1267-Edit-4.jpg" caption="Corporate headquarters on McKinney Avenue in [[Dallas, Texas"] ::

CBRE Group, Inc. (an initialism of Coldwell Banker Richard Ellis) 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. It is the world's largest commercial real estate services and investment firm based on 2022 revenue.

The firm is ranked 135th on the Fortune 500 and has been included in the Fortune 500 every year since 2008. CBRE serves more than 95 of the companies on the Fortune 100. It is one of the "Big 4" commercial real estate services companies, alongside Cushman & Wakefield, Colliers and JLL.

Services

CBRE provides services to both occupiers of and investors in real estate. 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 provide capital markets (property sales, commercial mortgage brokerage, loan origination and servicing), property leasing, investment management, property management, sustainability, valuation and development services, among others.

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.
  • In 1981, Coldwell Banker was acquired by Sears.
  • In 1989, Sears sold Coldwell Banker's commercial unit to a management-led buyout group including The Carlyle Group for approximately $300 million. After the buyout, the company was renamed CB Commercial Real Estate Group. The residential group retained the Coldwell Banker name.
  • In 1996, the company became a public company via an initial public offering, raising approximately $80 million.
  • In 1997, the company acquired Koll Real Estate Services for $145 million.
  • In 1998, CB Commercial merged with Richard Ellis International and changed its name to CB Richard Ellis (CBRE). It also purchased UK firm Hillier Parker which was rebranded CB Hillier Parker.
  • In 2001, CBRE was acquired in a leveraged buyout by an investment group led by Blum Capital for $800 million.
  • In 2003, the company acquired Insignia Financial Group for $415 million.
  • In 2004, CBRE once again became a public company via an initial public offering.
  • In 2006, the company's shares were added to the S&P 500 Index.
  • In 2006, the company acquired Trammell Crow Company for $2.2 billion.
  • In 2011, the company acquired the real estate investment business of ING Group for $940 million.
  • In 2011, the company changed its name to CBRE Group Inc.
  • In 2013, the company acquired Norland Managed Services, a facilities, energy and project management provider in the United Kingdom and Ireland.
  • In 2015, the company acquired Global Workplace Solutions from Johnson Controls.
  • In 2018, the company acquired FacilitySource.
  • In 2019, the company acquired the London developer Telford Homes.
  • In 2020, CBRE moved its headquarters from Los Angeles to Trammell Crow's former headquarters building in Dallas, Texas.
  • In 2021, CBRE Group Inc paid £960 million for a 60% stake in the UK multidisciplinary professional services firm Turner & Townsend. In June 2024, CBRE announced plans to merge its project management businesses into Turner & Townsend, creating a $3bn business employing over 20,000 staff in 60 countries.
  • In January 2025, CBRE established a new global financial headquarters at Lever House in Midtown Manhattan.

References

References

  1. (February 14, 2025). "2024 Annual Report (Form 10-K)". [[U.S. Securities and Exchange Commission]].
  2. "CBRE lancia anche in Italia i servizi di progettazione di interni – By Internews".
  3. (September 12, 2018). "World's biggest real estate firm gets bigger".
  4. (November 11, 2018). "CBRE - The World's Largest Commercial Real Estate Services Firm".
  5. "The Largest Commercial Real Estate Brokerages in the U.S.".
  6. "CBRE Group".
  7. ""Annual Report 2018" pg7".
  8. . (September 25, 2024). ["The "Big four" global firms in the Commercial Real Estate industry"](https://www.xenofan.ca/blog/commercial-real-estate-industry-leaders). *Xenofan Consultants*.
  9. "About Coldwell Banker Real Estate".
  10. "History of CB Richard Ellis Group, Inc".
  11. Rowe Jr., James L.. (October 6, 1981). "Sears to Acquire Coldwell, Banker Real Estate Firm". [[The Washington Post]].
  12. (March 28, 1989). "SEARS AGREES TO SELL COLDWELL COMPANY".
  13. (March 28, 1989). "Sears OKs Deal to Sell Coldwell Commercial Unit". [[Los Angeles Times]].
  14. Rudd, David C.. (March 28, 1989). "SEARS' COLDWELL BRINGS $300 MILLION".
  15. Feuerstein, Adam. (September 29, 1996). "CB Commercial contemplates IPO". [[American City Business Journals]].
  16. (July 12, 1997). "FOR THE RECORD IPO PAY WILL BACK LASALLE GROWTH PLAY".
  17. (March 19, 1997). "CB Commercial to Buy Koll Real Estate Services in $145-Million Deal". [[Los Angeles Times]].
  18. (March 19, 1997). "CB Commercial to acquire California's Koll Real Estate". [[American City Business Journals]].
  19. [https://www.nytimes.com/1998/07/09/business/company-news-cb-richard-ellis-acquires-hillier-parker-for-69-million.html CB Richard Ellis acquires Hillier Parker for $69 million] ''New York Times'' July 9, 1998
  20. [https://www.afr.com/property/richard-ellis-in-uk-buyout-19980710-k889o Richard Ellis in UK buyout] ''[[Australian Financial Review]]'' July 10, 1998
  21. (February 26, 2001). "CB Richard Ellis Agrees to Group's $750-Million Buyout". [[Los Angeles Times]].
  22. Vincent, Roger. (February 19, 2003). "CB Richard Ellis to Buy Insignia". [[Los Angeles Times]].
  23. Corfman, Thomas A.. (February 19, 2003). "CB Richard Ellis acquires Insignia". [[Chicago Tribune]].
  24. Vincent, Roger. (June 10, 2004). "CB Richard Ellis Stock Offering Brings in a Total of $454.9 Million". [[Los Angeles Times]].
  25. MANTELL, RUTH. (November 6, 2006). "S&P announces index changes". [[MarketWatch]].
  26. Haddad, Annette. (November 1, 2006). "CB Richard Ellis to buy major rival". [[Los Angeles Times]].
  27. (December 20, 2006). "CB Richard Ellis Group, Inc. Completes Acquisition of Trammell Crow Company". [[Business Wire]].
  28. (February 15, 2011). "CB Richard Ellis to buy ING real estate arm". [[Reuters]].
  29. Crowe, Deborah. (October 3, 2011). "CB Richard Ellis Group Changes Name". [[American City Business Journals]].
  30. Phillips, David. (December 26, 2013). "CBRE Closes Norland UK Deal". GlobeSt.
  31. (September 2, 2015). "CBRE {{sic". [[The Economic Times]].
  32. Kim, Betsy. (June 25, 2018). "CBRE Purchases FacilitySource from Warburg Pincus for $290M". GlobeSt.
  33. (October 28, 2020). "CBRE relocating headquarters to Dallas from Los Angeles, sources say".
  34. (July 27, 2021). "Turner & Townsend sells major stake to US firm in £960m deal". [[Construction News]].
  35. (June 25, 2024). "CBRE and T&T to combine project management arms". Construction Enquirer.
  36. (January 3, 2025). "CBRE Group Establishes Global Financial Headquarters at Lever House in Midtown Manhattan". CBRE.

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1996-initial-public-offerings2001-mergers-and-acquisitions2004-initial-public-offeringsamerican-companies-established-in-1906commercial-real-estate-companiescompanies-based-in-dallascompanies-listed-on-the-new-york-stock-exchangeproperty-services-companies-of-the-united-kingdomreal-estate-companies-established-in-1906real-estate-services-companies-of-the-united-states