Acquisition bolsters CBRE’s capabilities in South Florida
Los Angeles, 2017-May-16 — /EPR Retail News/ — CBRE Group, Inc. (NYSE: CBG) today (May 15, 2017) announced that it has acquired the business of Brenner Real Estate Group (BREG), a full-service commercial real estate services firm in South Florida. The acquisition bolsters CBRE’s capabilities in South Florida, where the company is a premier provider of integrated solutions for property investors and occupiers.
Founded in 1987, the firm is led by Scott Brenner, and includes a team of more than 20 professionals, based in Ft. Lauderdale, Boca Raton and Melbourne, Florida. BREG’s team is well-integrated into the South Florida market and provides comprehensive real estate services including leasing brokerage, investment sales and property management.
“The BREG professionals are a great complement to our capabilities in South Florida,” said Arden Karson, senior managing director for South Florida, CBRE. “They have a strong reputation for excellence in client service and will add particular expertise and resources in Broward and Palm Beach counties, and in our law firm, land services and healthcare specialty groups. We are very excited about our enhanced offering for South Florida clients.”
“We are excited to join CBRE and will benefit significantly from the wide range of expertise and resources that are now available to us,” said Mr. Brenner, president and CEO, Brenner Real Estate Group. “CBRE’s national and global footprint and broad service offering will enable us to meet more of our client needs and expand opportunities for our professionals.”
Certain of the statements in this release regarding the acquisition of Brenner Real Estate Group (BREG), that do not concern purely historical data are forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, our ability to successfully integrate BREG with our existing operations in the U.S., as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2016 and our Form 10-Q for the quarter ended March 31, 2017. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at firstname.lastname@example.org.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. 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. Please visit our website at www.cbre.com.
SOURCE: CBRE Group, Inc.