The Lipsey Company named CBRE the top global brand in commercial real estate for the 17th consecutive year

Los Angeles, 2018-Feb-23 — /EPR Retail News/ — CBRE Group, Inc. today (February 21, 2018) announced that The Lipsey Company has named CBRE the top global brand in commercial real estate for the 17th consecutive year.

Lipsey, a training and professional development firm specializing in commercial real estate, has surveyed commercial real estate professionals on their perceptions of the industry’s leading brands since 2002. CBRE has been ranked number one every year that Lipsey has conducted its brand survey. In 2018, more than 150,000 U.S. and international professionals participated in the survey, including property owners, investors, lenders, occupiers, brokers and property managers.

“The business environment has changed significantly in 17 years, but one constant has been the intense focus of CBRE’s professionals in delivering exceptional outcomes for our clients,” said Bob Sulentic, president and chief executive officer of CBRE. “The Lipsey survey results provide another testament to their efforts.”

Earlier this month CBRE was recognized as one of the 100 Most Sustainable Companies in the U.S. by Barron’s and was named one of the 2018 World’s Most Ethical Companies® for the fifth year in a row. Both FORTUNE and Forbes also recently named CBRE one of the best U.S. workplaces for diversity.

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 2017 revenue). The company has more than 80,000 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.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com

SOURCE: CBRE Group, Inc.

Fortune magazine named CBRE Group a World’s Most Admired Company in the real estate industry for the sixth consecutive year

Los Angeles, 2018-Jan-23 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today  (January 22, 2018) announced that Fortune magazine has named the company a World’s Most Admired Company in the real estate industry for the sixth consecutive year.

Fortune rates companies on nine attributes related to corporate performance. In 2018, CBRE was ranked second overall in the real estate sector (behind only Host Hotels & Resorts) and was among the top three companies on all nine attributes, including global competitiveness, people management, financial strength and long-term investment.

“Our continued recognition as a Fortune Most Admired Company reflects our people’s deep commitment to excellence and producing great outcomes for our clients every day.  We are very proud of their accomplishments,” said Bob Sulentic, president and chief executive officer of CBRE.

Drawing from a base of some 1,500 companies, Fortune evaluated 680 companies from 29 countries in determining the Most Admired Companies. Fortune surveys board directors, executives and financial analysts to determine the rankings.

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.

Media Contacts:

Robert McGrath
Senior Director
+1 212 9848267

Source: CBRE

CBRE announces the promotion of Bill Concannon to the position of Global Group President

LOS ANGELES, CA, 2018-Jan-19 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced the promotion of Bill Concannon to the position of Global Group President.

Mr. Concannon, who leads CBRE’s occupier outsourcing business (called Global Workplace Solutions), is one of three senior CBRE executives with the Global Group President title.  This designation is reserved for CBRE’s most senior leaders with global, market-facing responsibilities. It reflects outstanding leadership within their areas of responsibility, and significant contributions to the company’s success – and the success of its clients – across the entire enterprise.

“Bill has made exceptional, ongoing contributions to our company over three decades,” said Bob Sulentic, CBRE’s president and chief executive officer.  “He pioneered the occupier outsourcing concept in our sector in the early 1990s. Through a passionate commitment to excellence, leadership by example and strategic thinking, he has built our Global Workplace Solutions offering into a $6.4 billion revenue business – one that is known for generating  exceptional results for our clients.”

The other senior CBRE executives with the Global Group President title are Cal Frese and Mike Lafitte, who share responsibility with Mr. Concannon for all of CBRE’s geographic and services business line operations.

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

MEDIA CONTACT
Robert McGrath
Senior Director
+1 212 9848267
FAX +1 212 9848207

CBRE named one of America’s Most JUST Companies by Forbes and JUST Capital

LOS ANGELES, CA, 2017-Dec-14 — /EPR Retail News/ —
CBRE Group, Inc. (NYSE:CBG) today announced that it has been named one of America’s Most JUST Companies by Forbes and JUST Capital.

Forbes and JUST Capital evaluate U.S.-based public companies based on measures of corporate citizenship, including employee relations, quality of goods and services, client service, environmental impact, community support, diversity and ethical conduct. Nearly 1,000 companies are considered for inclusion in the JUST 100.

“We work hard to create an environment where our people can build rewarding careers while producing great client outcomes and making a positive impact on their communities,” said Bob Sulentic, president & chief executive officer, CBRE. “We are proud that Forbes has recognized our efforts and thank our talented professionals for continuing to distinguish CBRE.”

JUST Capital is a nonprofit research organization that seeks to provide stakeholders—employees, concerned citizens, business leaders and others—with information to assess how “just” companies are.

Earlier this month CBRE was named a 2017 Best Workplace for Diversity by FORTUNE and Great Place to Work®. Additionally, CBRE has been in both the FTSE4Good Index and the Ethisphere Institutes’ World’s Most Ethical Company list every year since 2014. It also has received an EPA ENERGY STAR® Partner of The Year — Sustained Excellence Award for 10 consecutive years.

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

Media Contacts

Robert McGrath
Senior Director
+1 212 9848267

CBRE again the top global real estate advisory firm in the annual Euromoney Real Estate Awards

Los Angeles, 2017-Sep-20 — /EPR Retail News/ — CBRE has been named the top global real estate advisory firm in the annual Euromoney Real Estate Awards for the sixth consecutive year. Globally, CBRE was also ranked highest overall for Sales/Leasing and Valuation services.

In addition to the global awards, CBRE was named as the leading real estate advisory firm in Western Europe, North America, Asia, Latin America and Africa, and earned awards in 27 individual countries – up from 21 countries in 2016.

“We are honored by this ongoing recognition from our clients and industry peers,” said Bob Sulentic, president & chief executive officer, CBRE. ”It is the direct result of our talented professionals – supported by our strong operating platform – who are working together every day to create great outcomes for our clients.”

Euromoney, a leading international finance publication, annually surveys the opinions of real estate advisors, developers, investment managers, corporate end-users and banks worldwide to determine the best providers of real estate services. Industry professionals from more than 75 countries participated in this year’s survey.

For more information on the 2017 Euromoney Real Estate Awards, please go to www.euromoney.com.

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.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com

SOURCE: CBRE Group, Inc.

CBRE releases 2016 Corporate Responsibility Report

Los Angeles, 2017-Aug-08 — /EPR Retail News/ — CBRE, the world’s largest commercial real estate services and investment firm, has released its tenth annual Corporate Responsibility Report. The 2016 report – themed “Building Connections” – highlights CBRE’s many accomplishments as a leader in responsible business practices within the commercial real estate industry.

CBRE has been consistently recognized for its corporate responsibility practices and performance:

• CBRE remained a constituent of the FTSE4Good Index following the June 2017 index review, and has been a part of FTSE4Good since 2014.

• CBRE has been included in the Dow Jones Sustainability Index (DJSI) North America since 2014, reflecting the strength of its performance regarding environmental, social and governance issues.

• In early 2017, CBRE was named a World’s Most Ethical Company by The Ethisphere Institute for the fourth consecutive year and received an EPA ENERGY STAR® Partner of The Year — Sustained Excellence Award, the tenth consecutive year of EPA recognition.

Other CBRE achievements for 2016 and early 2017 highlighted in the report include:

• CBRE created its first global greenhouse gas emissions reduction goal. The company aims to reduce Scope 2 emissions 30 percent by 2025 and 50 percent by 2035 compared to a 2015 baseline.

• In 2016, CBRE registered and benchmarked 1,975 buildings totaling more than 314 million square feet to EPA ENERGY STAR. CBRE’s 288 ENERGY STAR labeled buildings under management represent nearly 3.5 percent of the total U.S. office buildings labeled in ENERGY STAR.

• In the United Kingdom, CBRE received a total of 32 Royal Society for the Prevention of Accidents (RoSPA) Health & Safety Awards in 2016.

• CBRE global corporate and employee donations totaled nearly $13 million in 2016, supporting a range of nonprofit organizations.

“We recognize the role we play in the communities in which we work and are striving to develop thoughtful business solutions to address issues such as resource management, environmental impact, community improvement and workplace health and safety,” said Bob Sulentic, CBRE’s president and chief executive officer. “We are proud of our people’s commitment to acting responsibly and with integrity while producing great outcomes for our clients.”

“Building Connections” was produced in accordance with the Global Reporting Initiative (GRI) Standards at the Core level and includes the company’s progress toward implementing the Ten Principles of the United Nations Global Compact.

More information on corporate responsibility at CBRE can be found at www.cbre.com/responsibility.

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.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com

SOURCE: CBRE Group, Inc.

CBRE Group ranked #214 from #259 the previous year on Fortune 500

Los Angeles, 2017-Jun-08 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) has been ranked at #214 on Fortune’s 2017 list of the largest U.S.-based public companies. The company has been included in the prestigious Fortune 500 since 2008 and was ranked at #259 last year.

“Our steady rise in the Fortune ranking reflects the success of our strategy, which is focused on delivering great outcomes for our clients, shareholders and employees,” said Bob Sulentic, president and chief executive officer of CBRE. “We are very proud of how our 75,000 people work together every day to help produce these outcomes.”

CBRE has been ranked among Fortune’s Most Admired Companies for five consecutive years and has been ranked the top real estate brand for 16 consecutive years by The Lipsey Company.

CBRE provides a broad range of commercial real estate services on a global basis. The company was responsible for more than $322.2 billion of property sales and lease transactions in 2016, and managed more than 5.3 billion sq. ft. (including properties managed by affiliates) of commercial properties and corporate facilities as of December 31, 2016. The company also operates the largest commercial real estate development company in the U.S. (Trammell Crow Company) and one of the world’s largest real estate investment management businesses.

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.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com

SOURCE: CBRE Group, Inc.

CBRE Group recognized as a 2017 World’s Most Ethical Company® by the Ethisphere Institute

Los Angeles, CA, 2017-Mar-14 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) has been recognized as a 2017 World’s Most Ethical Company® by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. This is the fourth year in a row CBRE has achieved this recognition.

“CBRE’s values and culture are key pillars of our strategy.  We pride ourselves on being trusted advisors to our clients and our people are deeply committed to acting with integrity and excellence as they deliver strong outcomes for our clients,” said Bob Sulentic, president and chief executive officer of CBRE.

Ethisphere honors companies that influence and drive positive change, consider the impact of their actions on their employees, investors, customers and other key stakeholders and use their values and culture to underpin the decisions they make every day. Companies are evaluated in five key categories: ethics and compliance program, corporate citizenship and responsibility, culture of ethics, governance and leadership, innovation and reputation.

“Over the last eleven years we have seen the shift in societal expectations, constant redefinition of laws and regulations and the geo-political climate. We have also seen how companies honored as the World’s Most Ethical respond to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long term-ism as a sustainable business advantage,” explained Ethisphere’s Chief Executive Officer, Timothy Erblich. “Congratulations to everyone at CBRE for being recognized as a World’s Most Ethical Company.”

About the Ethisphere Institute

The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere Magazine. More information about Ethisphere can be found at: http://ethisphere.com.

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

Media Relations
+1 212 9848267
Robert.McGrath@cbre.com

The Lipsey Company names CBRE the top global brand in commercial real estate for the 16th consecutive year

Los Angeles, 2017-Feb-24 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today (February 23, 2017) announced that The Lipsey Company has named CBRE the top global brand in commercial real estate for the 16th consecutive year.

Lipsey, a training and professional development firm specializing in commercial real estate, has surveyed commercial real estate professionals on their perceptions of the industry’s leading brands since 2002. CBRE has been ranked number one every year that Lipsey has conducted its brand survey. In 2017, more than 150,000 U.S. and international professionals participated in the survey, including property owners, investors, lenders, occupiers, brokers and property managers.

“Recognition from our clients and industry peers is one of the best compliments that any company can receive. This makes us especially proud of our sustained excellence in the Lipsey brand survey. It is a reflection of how hard our people work every day to deliver great results for our clients,” said Bob Sulentic, president and chief executive officer of CBRE.

Earlier this month, CBRE was ranked among Fortune’s World’s Most Admired Companies in the real estate industry for the fifth consecutive year. In the 2017 Fortune program, CBRE scored particularly well on global competitiveness, quality of services and quality of management.

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.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

Fortune magazine names CBRE Group a World’s Most Admired Company for the fifth consecutive year

Los Angeles, 2017-Feb-20 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today ( February 17, 2017) announced that Fortune magazine has named the company a World’s Most Admired Company in the real estate industry for the fifth consecutive year.

Fortune rates companies on attributes related to corporate performance. In 2017, CBRE scored particularly well on global competitiveness, quality of services and quality of management.

“Attaining Fortune’s Most Admired status for five years in a row speaks volumes about our people’s focus on excellence and creating great outcomes for our clients, day-in and day-out,” said Bob Sulentic, president and chief executive officer of CBRE.

Drawing from a base of some 1,500 companies, Fortune evaluated a total of 680 companies from 28 countries. Fortune surveys board directors, executives and financial analysts to determine the rankings.

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.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

CBRE Group, Inc. announces 20% increase in revenue for full-year 2016

2016 Full Year Highlights
Revenue of $13.1 billion, up 20% (23% local currency)
Fee Revenue of $8.7 billion, up 13% (15% local currency)
GAAP EPS of $1.69, up 4%; Adjusted EPS of $2.30, up 12%

2016 Fourth Quarter Highlights
Revenue of $3.8 billion, up 3% (6% local currency)
Fee Revenue of $2.7 billion, up 4% (6% local currency)
GAAP EPS of $0.78, up 47%; Adjusted EPS of $0.93, up 15%

Los Angeles, 2017-Feb-14 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today (February 10, 2017) reported strong financial results for the year and fourth quarter ended December 31, 2016.

“We ended 2016 on a high note,” said Bob Sulentic, CBRE’s president and chief executive officer. “CBRE recorded double-digit adjusted earnings growth for the fourth quarter and the year, with excellent performance in all three regional services businesses.”

Mr. Sulentic added: “In addition to achieving record financial performance, we continued to advance our strategy centered around creating exceptional outcomes for our clients. Our people and the operating platform that supports them are the key elements to delivering these outcomes. Both advanced materially in 2016 and the impact is showing up in our results.”

Full-Year 2016 Results

  • Revenue for full-year 2016 totaled $13.1 billion, an increase of 20% (23% local currency1). Fee revenue2 increased 13% (15% local currency) to $8.7 billion. Organic fee revenue, which excludes contributions from all acquisitions including Global Workplace Solutions, increased 3% (5% local currency). Revenue contribution from the acquired Global Workplace Solutions business totaled approximately $2.75 billion for full-year 2016.
  • On a GAAP basis, net income for 2016 increased 5% to $572.0 million and earnings per diluted share rose 4% to $1.69 per share. GAAP net income was reduced by $125.7 million (pre-tax) of integration costs associated with the Global Workplace Solutions acquisition; $111.1 million (pre-tax) of acquisition-related non-cash amortization; and $78.5 million (pre-tax) incurred in the cost-elimination program that ended in the third quarter of 2016. These costs were partially offset by a $15.6 million (pre-tax) reversal of carried interest incentive compensation and a tax benefit associated with all noted adjustments of $93.2 million.
  • Adjusted net income3 increased 13% to $778.5 million and adjusted earnings per share increased 12% to $2.30 per share.
  • Foreign currency movement, primarily the impact of currency translation and the marking-to-market of currency hedges, caused a net decrease to earnings per share of $0.06 in 2016 compared with last year. This reflected a reduction of earnings per share in 2016 by approximately $0.03 per share, as compared to an increase of approximately $0.03 in 2015. Adjusted earnings per share would have increased by approximately 15% without the currency impact.
  • EBITDA4 increased 6% (7% local currency) to $1.4 billion while adjusted EBITDA4 increased 10% (12% local currency) to $1.6 billion. In 2016, EBITDA and adjusted EBITDA were negatively impacted by $17.4 million of currency movement, including the marking-to-market of currency hedges, as compared to 2015, which was positively impacted by $15.3 million. Adjusted EBITDA would have increased by approximately 13%, without the currency impact.
  • Adjusted EBITDA margin on fee revenue was 17.9%.
  • For the year, CBRE’s more than $13 billion of revenue and nearly $1.6 billion of adjusted EBITDA set new records for the company.
  • The company’s business mix continued to shift toward more recurring revenue in 2016 with contractual fee revenue5 comprising approximately 42% of total fee revenue, up from 37% in 2015.

Fourth-Quarter 2016 Results

  • Revenue for the fourth quarter totaled $3.8 billion, an increase of 3% (6% local currency).  Fee revenue increased 4% (6% local currency) to $2.7 billion.  Organic fee revenue, which excludes contributions from all acquisitions, increased 3% (5% local currency).
  • On a GAAP basis, net income and earnings per diluted share both increased 47% to $264.0 million and $0.78 per share, respectively.  GAAP net income for the fourth quarter of 2016 was reduced by $52.2 million (pre-tax) of integration costs associated with the Global Workplace Solutions acquisition and $29.3 million (pre-tax) of acquisition-related non-cash amortization.  These costs were partially offset by a $9.0 million (pre-tax) reversal of carried interest incentive compensation and a tax benefit associated with all noted adjustments of $21.8 million.
  • Adjusted net income for the fourth quarter of 2016 rose 16% to $314.7 million, while adjusted earnings per share improved 15% to $0.93 per share.
  • Foreign currency movement, primarily the impact of currency translation and the marking-to-market of currency hedges, caused a net decrease to earnings per share of $0.03 in the fourth quarter of 2016 compared with the same quarter last year.  This reflected a reduction of earnings per share in the fourth quarter of 2016 of approximately $0.01 per share, as compared to an increase of approximately $0.02 per share in the fourth quarter of 2015.  Adjusted earnings per share would have increased by approximately 19% without the currency impact.
  • EBITDA increased 23% (24% local currency) to $525.3 million and adjusted EBITDA increased 10% (12% local currency) to $568.5 million.  In the fourth quarter of 2016, EBITDA and adjusted EBITDA were negatively impacted by $7.0 million of currency movement, including the marking to market of currency hedges, as compared to the fourth quarter of 2015, which was positively impacted by $8.8 million.  Adjusted EBITDA would have increased by approximately 13% without the currency impact.
  • Adjusted EBITDA margin on fee revenue was 21.4%.

Fourth-Quarter 2016 Review

The Americas, the company’s largest business segment, posted a revenue increase of 6% (same in local currency) for the quarter.  Asia Pacific (APAC) was the company’s fastest-growing region for the quarter, as revenue rose 22% (19% local currency), with strong growth across the region.  The company’s revenue growth in Europe, the Middle East & Africa (EMEA) was adversely affected by foreign currency movement, principally the depreciation of the British pound sterling.  In local currency, EMEA revenue rose 6%, but fell 3% when converted to U.S. dollars.

In the United Kingdom, overall revenue grew by 8% in local currency, led by the occupier outsourcing business line.  This solid performance in the wake of the U.K.’s decision to leave the European Union (Brexit) attests to the strength and diversity of CBRE’s service offering in this country.

Among the company’s business lines, occupier outsourcing continued to produce strong growth, before the effects of currency movement.  In this line of business, global revenue rose 3% (8% local currency), while fee revenue increased 4% (10% local currency).  CBRE signed 110 outsourcing contracts in the fourth quarter, highlighted by continued strong gains in the health care sector.

Global property sales revenue increased 8% (same local currency).  APAC sales revenue rose 42% (35% local currency) reflecting strength in Australia, Greater China and Singapore as well as an especially large transaction in Japan.  Sales revenue also rose solidly in EMEA before currency effects, paced by robust growth in France as well as in Belgium and Germany.  This more than offset a modest decline in the United Kingdom, where investors continue to adjust to the post-Brexit vote environment.  U.S. property sales revenue was largely unchanged compared with the 2015 fourth quarter. CBRE outperformed the market for U.S. investment sales with a 140 basis-point increase in market share in the fourth quarter, according to Real Capital Analytics.

The commercial mortgage services business continued to perform very well, with revenue rising 31% (32% in local currency).  This growth was driven by strong gains from mortgage servicing rights as well as increased loan originations with U.S. Government Sponsored Enterprises (GSEs) and life insurance companies. CBRE’s loan servicing portfolio stood at approximately $145 billion at year-end 2016, up nearly $10 billion from 2015.

Global leasing revenue increased 4% (6% local currency).  APAC posted double-digit growth, with revenue gains in nearly all countries, most notably in Greater China, Japan and Singapore.  EMEA saw solid growth before currency effects, led by Germany, Italy and Poland.  U.S. leasing revenue rose 4%.

Valuation revenue increased 4% (6% local currency) for the fourth quarter.  Revenue from property management services was up 2% (4% local currency), while fee revenue from property management services rose 3% (4% local currency).

In the Global Investment Management segment, assets under management (AUM) totaled $86.6 billion at year-end 2016.  In local currency, AUM for the year was up $2.1 billion, down $2.4 billion when measured in U.S dollars.  Approximately 60% of AUM, excluding securities, is in Europe and denominated in euro or British pound sterling.  In the Development Services segment, projects in process totaled $6.6 billion, down $100 million from year-end of 2015.

The company’s balance sheet remains highly flexible, with no required debt repayments until 2019.  The company ended 2016 with more than $3.5 billion of available liquidity, including nearly $700 million of cash available for company use and $2.8 billion of undrawn capacity on its revolving credit facility.  Net debt6 stood at 1.2 times adjusted EBITDA, as of December 31, 2016.

In early 2017, CBRE acquired Floored, Inc., a leading Software as a Service (SaaS) platform that produces scalable interactive visualization technologies for commercial real estate. The acquisition is emblematic of the company’s investments in digital and technology tools.

Fourth-Quarter 2016 Segment Results

Fourth-quarter 2016 results were adjusted for select items including acquisition-related integration expenses in our regional segments and a reversal of carried interest incentive compensation in our Global Investment Management segment. The company does not adjust for foreign currency movements, including currency translation and gains or losses from currency hedging.  Accordingly, EBITDA and adjusted EBITDA were both impacted by foreign currency movements.  The current quarter segment impact of foreign currency movements, including currency translation and the marking-to-market of currency hedges, is shown below.

Business Outlook

“CBRE enters 2017 in a great position following very strong performance in 2016,” Mr. Sulentic said.  “Our business has positive underlying momentum, as the global economy continues to grow – albeit at a modest pace – and commercial real estate fundamentals remain sound.  Our outlook is bolstered by the many advantages CBRE holds as the sector leader.  Our talent base is deep and our people are aligned with and energized by our strategy.  Our operating platform is becoming stronger, as we continue to invest in technology, data analytics and other strategic initiatives.”

Overall, CBRE expects to achieve adjusted earnings per share for 2017 in the range of $2.35 to $2.45. The company anticipates growth to be constrained by a 6-cent per share headwind from adverse foreign currency movement.  At the midpoint of the range, the growth rate for adjusted earnings per share would be 4% in U.S. dollars, or 7% in local currency – almost entirely from organic growth.

Conference Call Details

The company’s fourth-quarter earnings conference call will be held today (Friday, February 10, 2017) at 8:30 a.m. Eastern Time.  A webcast, along with an associated slide presentation, will be accessible through the Investor Relations section of the company’s website at www.cbre.com/investorrelations.

The direct dial-in number for the conference call is 877-407-8037 for U.S. callers and 201-689-8037 for international callers.  A replay of the call will be available starting at 1:00 p.m. Eastern Time on February 10, 2017, and ending at midnight Eastern Time on February 17, 2017.  The dial-in number for the replay is 877 660 6853 for U.S. callers and 201-612-7415 for international callers.  The access code for the replay is 13651462.  A transcript of the call will be available on the company’s Investor Relations website at www.cbre.com/investorrelations.

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.

The information contained in, or accessible through, the company’s website is not incorporated into this press release.

Note: This release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding our future growth momentum, operations, financial performance (including adjusted earnings per share expectations), currency movement, market share, and business outlook.  These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the company’s actual results and performance in future periods to be materially different from any future results or performance suggested in forward-looking statements in this release.  Any forward-looking statements speak only as of the date of this release and, except to the extent required by applicable securities laws, the company expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events.  If the company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.  Factors that could cause results to differ materially include, but are not limited to: disruptions in general economic and business conditions, particularly in geographies where our business may be concentrated; volatility and disruption of the securities, capital and credit markets; interest rate increases; the cost and availability of capital for investment in real estate; clients’ willingness to make real estate or long-term contractual commitments and other factors affecting the value of real estate assets, inside and outside the United States; foreign currency fluctuations; increases in unemployment and general slowdowns in commercial activity; trends in pricing and risk assumption for commercial real estate services; the effect of significant movements in average cap rates across different property types; a reduction by companies in their reliance on outsourcing for their commercial real estate needs, which would affect our revenues and operating performance; client actions to restrain project spending and reduce outsourced staffing levels; declines in lending activity of Government Sponsored Enterprises, regulatory oversight of such activity and our mortgage servicing revenue from the U.S. commercial real estate mortgage market; our ability to diversify our revenue model to offset cyclical economic trends in the commercial real estate industry; our ability to attract new user and investor clients; our ability to retain major clients and renew related contracts; our ability to leverage our global services platform to maximize and sustain long-term cash flow; our ability to maintain EBITDA margins that enable us to continue investing in our platform and client service offerings; our ability to control costs relative to revenue growth; variations in historically customary seasonal patterns that cause our business not to perform as expected; changes in domestic and international law and regulatory environments (including relating to anti-corruption, anti-money laundering, trade sanctions, currency controls and other trade control laws), particularly in Russia, Eastern Europe and the Middle East, due to the rising level of political instability in those regions; economic volatility and market uncertainty globally related to uncertainty surrounding the implementation and effect of the United Kingdom’s referendum to leave the European Union, including uncertainty in relation to the legal and regulatory framework that would apply to the United Kingdom and its relationship with remaining members of the European Union; our ability to identify, acquire and integrate synergistic and accretive businesses; costs and potential future capital requirements relating to businesses we may acquire; integration challenges arising out of companies we may acquire; our ability to retain and incentivize key personnel; the ability of our Global Investment Management business to maintain and grow assets under management and achieve desired investment returns for our investors, and any potential related litigation, liabilities or reputational harm possible if we fail to do so; our ability to manage fluctuations in net earnings and cash flow, which could result from poor performance in our investment programs, including our participation as a principal in real estate investments; our leverage under our debt instruments as well as the limited restrictions therein on our ability to incur additional debt, and the potential increased borrowing costs to us from a credit-ratings downgrade; litigation and its financial and reputational risks to us; the ability of CBRE Capital Markets to periodically amend, or replace, on satisfactory terms, the agreements for its warehouse lines of credit; our exposure to liabilities in connection with real estate advisory and property management activities and our ability to procure sufficient insurance coverage on acceptable terms; liabilities under guarantees, or for construction defects, that we incur in our Development Services business; our ability to compete globally, or in specific geographic markets or business segments that are material to us; our and our employees’ ability to execute on, and adapt to, information technology strategies and trends; our ability to comply with laws and regulations related to our global operations, including real estate licensure, tax, labor and employment laws and regulations, as well as the anti-corruption laws and trade sanctions of the U.S. and other countries; our ability to maintain our effective tax rate at or below current levels; and the effect of implementation of new accounting rules and standards.

Additional information concerning factors that may influence the company’s financial information is discussed under “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Quantitative and Qualitative Disclosures About Market Risk” and “Cautionary Note on Forward-Looking Statements” in both our Annual Report on Form 10-K for the year ended December 31, 2015 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2016, June 30, 2016 and September 30, 2016, as well as in the company’s press releases and other periodic filings with the Securities and Exchange Commission (SEC).  Such filings are available publicly and may be obtained on the company’s website at www.cbre.com or upon written request from CBRE’s Investor Relations Department at investorrelations@cbre.com.

Note – CBRE has not reconciled the (non-GAAP) adjusted earnings per share forward-looking guidance included in this release to the most directly comparable GAAP measure because this cannot be done without unreasonable effort due to the variability and low visibility with respect to costs related to acquisitions, carried interest incentive compensation, financing costs and future tax rates, which are potential adjustments to future earnings.  We expect the variability of these items to have a potentially unpredictable, and a potentially significant, impact on our future GAAP financial results.

The terms “fee revenue,” “adjusted net income,” “adjusted earnings per share” (or adjusted EPS), “EBITDA,” “adjusted EBITDA” and “contractual fee revenue” all of which CBRE uses in this press release, are non-GAAP financial measures under SEC guidelines, and you should refer to the footnotes below as well as the “Non-GAAP Financial Measures” section in this press release for a further explanation of these measures.  We have also included in that section reconciliations of these measures in specific periods to their most directly comparable financial measure calculated and presented in accordance with GAAP for those periods.

1 Local currency percentage change is calculated by comparing current-period results at prior-period exchange rates versus prior-period results.

2 Fee revenue is gross revenue less both client reimbursed costs largely associated with employees that are dedicated to client facilities and subcontracted vendor work performed for clients.

3 Adjusted net income and adjusted earnings per share (or adjusted EPS) exclude the effect of select charges from GAAP net income and GAAP earnings per diluted share as well as adjust the provision for income taxes for such charges.  Adjustments during the periods presented included the write-off of financing costs on extinguished debt, amortization expense related to certain intangible assets attributable to acquisitions, integration and other costs related to acquisitions, cost-elimination expenses and certain carried interest incentive compensation (reversal) expense to align with the timing of associated revenue.

4 EBITDA represents earnings before net interest expense, write-off of financing costs on extinguished debt, income taxes, depreciation and amortization.  Amounts shown for adjusted EBITDA further remove (from EBITDA) the impact of certain cash and non-cash charges related to acquisitions, cost-elimination expenses and certain carried interest incentive compensation (reversal) expense to align with the timing of associated revenue.

5 Contractual fee revenue refers to revenue derived from our Occupier Outsourcing, Property Management, Investment Management and Valuation businesses.

6 Net debt amounted to $1,858.0 million at December 31, 2016 and includes total debt, excluding amounts that are non-recourse to the Company, less cash available for general corporate use.  Total debt excludes $1,254.7 million of warehouse facilities for loans originated on behalf of the FHA and other government sponsored enterprises outstanding at December 31, 2016, which are non-recourse to the Company.

7 Revenue in the Development services segment does not include equity income from unconsolidated subsidiaries and gain on disposition of real estate, net of non-controlling interest.  EBITDA includes equity income from unconsolidated subsidiaries and gain on disposition of real estate, net of non-controlling interests, and the associated compensation expense.

Non-GAAP Financial Measures

The following measures are considered “non-GAAP financial measures” under SEC guidelines:

(i)      Fee revenue
(ii)     Contractual fee revenue
(iii)    Net income attributable to CBRE Group, Inc., as adjusted (which we also refer to as “adjusted net income”)
(iv)    Diluted income per share attributable to CBRE Group, Inc. shareholders, as adjusted (which we also refer to as “adjusted earnings per share” or “adjusted  EPS”)
(v)     EBITDA and adjusted EBITDA

None of these measures is a recognized measurement under United States generally accepted accounting principles, or “GAAP,” and when analyzing our operating performance, readers should use them in addition to, and not as an alternative for, their most directly comparable financial measure calculated and presented in accordance with GAAP.  Because not all companies use identical calculations, our presentation of these measures may not be comparable to similarly titled measures of other companies.

Our management generally uses these non-GAAP financial measures to evaluate operating performance and for other discretionary purposes, and the company believes that these measures provide a more complete understanding of ongoing operations, enhance comparability of current results to prior periods and may be useful for investors to analyze our financial performance because they eliminate the impact of selected charges that may obscure trends in the underlying performance of our business.  The company further uses certain of these measures, and believes that they are useful to investors, for purposes described below.

With respect to fee revenue:  the company believes that investors may find this measure useful to analyze the financial performance of our Occupier Outsourcing and Property Management business lines and our business generally because it excludes costs reimbursable by clients, and as such provides greater visibility into the underlying performance of our business.

With respect to contractual fee revenue: the company believes investors may find this measure useful to analyze the company’s overall financial performance because it identifies revenue streams that are typically more stable over time.

With respect to adjusted net income, adjusted EPS, EBITDA and adjusted EBITDA:  the company believes that investors may find these measures useful in evaluating our operating performance compared to that of other companies in our industry because their calculations generally eliminate the accounting effects of acquisitions, which would include impairment charges of goodwill and intangibles created from acquisitions—and in the case of EBITDA and adjusted EBITDA—the effects of financings and income tax and the accounting effects of capital spending.  All of these measures may vary for different companies for reasons unrelated to overall operating performance.  In the case of EBITDA and adjusted EBITDA, these measures are not intended to be measures of free cash flow for our management’s discretionary use because they do not consider cash requirements such as tax and debt service payments.  The EBITDA and adjusted EBITDA measures calculated herein may also differ from the amounts calculated under similarly titled definitions in our credit facilities and debt instruments, which amounts are further adjusted to reflect certain other cash and non-cash charges and are used by us to determine compliance with financial covenants therein and our ability to engage in certain activities, such as incurring additional debt and making certain restricted payments.  The company also uses adjusted EBITDA and adjusted EPS as significant components when measuring our operating performance under our employee incentive compensation programs.

A reconciliation of contractual fee revenue to fee revenue to revenue is shown below (dollars in thousands). Revenue includes client reimbursed pass through costs largely associated with employees that are dedicated to client facilities and subcontracted vendor work performed for clients, both of which are excluded from fee revenue.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

CBRE Women’s Network earned a top 10 ranking on the 2016 Global Diversity List for the second consecutive year

Los Angeles, 2016-Dec-21 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today (December 19, 2016) announced that the CBRE Women’s Network earned a top 10 ranking on the 2016 Global Diversity List, supported by The Daily Telegraph in London. The list recognizes the achievements of employee network groups established to help improve gender diversity within large organizations. This marks CBRE’s second consecutive year of achieving a top 10 score on the Global Diversity List.

Other organizations recognized for their women’s networks include A.T. Kearney, United Nations, Sodexo and GE.

CBRE’s Women’s Network was formed in 2000 and has grown to encompass more than 3,000 professionals worldwide.  The company has Women’s Networks in each of its global regions — the Americas, led by Lisa Konieczka, an executive vice president in the firm’s Chicago office; Europe, the Middle East & Africa, led by Sue Clayton, an executive director based in London; and Asia Pacific, led by APAC Talent, Diversity and Inclusion Leader Olivia Walsh. These networks operate with an inclusive philosophy and focus on mentoring, professional development, personal enrichment, networking and community service.

“CBRE’s Women’s Network has been the industry leader in delivering real advantages to female professionals by providing them with valuable networking, learning and career development opportunities,” said Bob Sulentic, CBRE’s president and chief executive officer.  “We are proud to achieve this recognition and it is a credit to the work that the leaders of our Women’s Networks around the world have done to build a world-class professional networking group.”

Earlier this year, CBRE was ranked 15th on the list of 500 U.S.-based companies in Forbesmagazine’s 2016 “America’s Best Employers” list. CBRE was also recognized as one of Fortunemagazine’s Most Admired Companies for the fourth straight year and named a World’s Most Ethical Company by The Ethisphere Institute for the third consecutive year.

To find out more about CBRE’s Women’s Network, visit www.cbre.com/women.

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 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

CBRE Group to repurchase $250 million of its stock

Los Angeles, 2016-Oct-29 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today (October 27, 2016) announced that its Board of Directors has authorized the company to repurchase up to an aggregate of $250 million of its shares of Class A common stock over three years.

The repurchase program is expected to be executed through open market transactions, privately negotiated transactions, or in such other manner as determined by the company, including through plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.  The timing of the repurchases and the actual amount repurchased will depend on a variety of factors, including the market price of the company’s common stock, general market and economic conditions and other factors.  The stock repurchase program may be extended, suspended or discontinued at any time without notice.

“The strength of our balance sheet, considerable cash flow and resiliency of our business gives us the flexibility to return capital to shareholders while continuing to make long-term, growth-oriented investments,” said Bob Sulentic, CBRE’s president and chief executive officer.

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 2015 revenue).  The company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.

Note:  This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding our stock repurchase plans.  These forward-looking statements involve known and unknown risks, uncertainties and other factors discussed in the company’s filings with the Securities and Exchange Commission. Any forward-looking statements speak only as of the date of this press release, and except to the extent required by applicable securities laws, the company expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events.  If the company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.  For additional information concerning risks, uncertainties and other factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to the company’s business in general, please refer to the company’s Annual Report on Form 10-K for the year ended December 31, 2015, its Quarterly Reports on Form 10-Q for the periods ended March 31, 2016 and June 30, 2016 as well as its press releases and other periodic filings with the Securities and Exchange Commission.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

CBRE highlights milestones on its corporate responsibility program in 2015-2016 in its 9th annual Corporate Responsibility Report

Los Angeles, 2016-Sep-22 — /EPR Retail News/ — CBRE Group, Inc., a leader in responsible business practices within the commercial real estate industry, has released its ninth annual Corporate Responsibility Report, which provides an overview of the global social, economic and environmental impacts of CBRE’s operations.“Inside Advantage—2015 Corporate Responsibility Report” highlights the significant accomplishments and milestones of CBRE’s corporate responsibility program throughout 2015 and early 2016.

“At the core of our industry leadership is a commitment to responsible business practices,” said Bob Sulentic, CBRE’s president and chief executive officer. “Our more than 70,000 employees are connected globally by our collaborative culture and our commitment to delivering exceptional outcomes for CBRE clients.”

CBRE achievements highlighted in the report include:

  • In 2015, CBRE registered and benchmarked 1,619 buildings totaling more than 262 million square feet to EPA ENERGY STAR guidelines. CBRE’s 346 buildings under management awarded the ENERGY STAR label represented nearly 4% of the total U.S. office buildings labeled in ENERGY STAR.
  • CBRE’s LEED Existing Buildings (EB) consulting team completed 148 certifications totaling more than 23 million square feet in 2015. Since the team was formed in 2009, it has certified 485 buildings totaling more than 132 million square feet—more than any other LEED EB consultant in the world.
  • In 2015, CBRE launched a world-class, cloud-based global Learning Management System (LMS), demonstrating our commitment to education and inspiring employees to take control of their own professional development.
  • In the United Kingdom, we received a total of 40 Royal Society for the Prevention of Accidents (RoSPA) Health & Safety Awards in 2015.
  • CBRE global corporate and employee donations reached their highest amount to date—$13 million—in 2015, supporting a range of nonprofit organizations, as well as securing recognition for a number of partnerships.
  • CBRE released its first Supplier Code of Conduct, which sets forth fundamental ethical and business conduct requirements for our suppliers and reflects a heightened focus on using the company’s multi-billion dollar global supply chain to promote sustainable business practices.
  • In 2015, CBRE updated its global Human Rights Policy and has responded proactively to the U.K. Modern Slavery Act (2015).
  • CBRE earned an overall ISS Quickscore of 2, reflecting a continued emphasis on strong governance practices.

In conjunction with the release of the 2015 Corporate Responsibility Report, CBRE is also releasing its first annual CBRE Slavery and Human Trafficking Statement, available at www.cbre.com/suppliers.

“Inside Advantage—2015 Corporate Responsibility Report” was developed in accordance with the Global Reporting Initiative (GRI) G4 guidelines at the Core level and includes the company’s progress toward implementing the Ten Principles of the United Nations Global Compact.

CBRE has been recognized throughout 2016 for its corporate responsibility practices and performance. For the third year in a row, CBRE was included in both the Dow Jones Sustainability Index (DJSI) North America and the FTSE4Good Index Series, reflecting the strength of its performance regarding environmental, social and governance issues. In 2016, CBRE was ranked 15th on the Forbes “America’s Best Employers” list, included in Fortune Magazine’s Most Admired Companies for the fourth straight year, included in Corporate Responsibility Magazine’s 2016 100 Best Corporate Citizens List, named a World’s Most Ethical Company by The Ethisphere Institute for the third consecutive year and received an EPA 2016 ENERGY STAR® Partner of The Year Sustained Excellence Award for the ninth year in a row.

More information on corporate responsibility at CBRE can be found at www.cbre.com/responsibility.

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 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

CBRE named top global real estate advisory firm in the annual Euromoney Real Estate Awards for the fifth consecutive year

Los Angeles, 2016-Sep-14 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) has been named the top global real estate advisory firm in the annual Euromoney Real Estate Awards for the fifth consecutive year. Globally, CBRE was also ranked highest overall in the Sales/Leasing, Valuation and Research categories.

In addition to the global awards, CBRE was named as the leading real estate advisory firm in Western Europe, North America and Africa as well as in 21 individual countries, including Australia, France, Japan, the United Kingdom and the United States.

Euromoney, a leading international finance publication, annually surveys the opinions of real estate advisors, developers, investment managers, corporate end-users and banks worldwide to determine the best providers of real estate services. Industry professionals from more than 160 countries participated in this year’s survey.

“The Euromoney awards are important because they reflect the perceptions of our clients and industry peers around the world. Our strong performance in this program—year-in and year-out—underscores the ongoing success of our people in delivering distinct advantages to our clients, “said Bob Sulentic, President & Chief Executive Officer, CBRE.

For more information on the 2016 Euromoney Real Estate Awards, please go to www.euromoney.com.

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 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

CBRE Group: We are honored to once again be named to the Dow Jones Sustainability Index

Los Angeles, 2016-Sep-13 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today (September 12, 2016) announced that it has been included on the Dow Jones Sustainability Index (DJSI) North America for the third year in a row. This prestigious index recognizes corporations demonstrating leadership in environmental, social and governance performance.

The 600 largest North American companies of the S&P Global Broad Market Index were invited to participate in the RobecoSAM Corporate Sustainability Assessment. Of these, less than 25 percent were included on the DJSI.

“We are honored to once again be named to the Dow Jones Sustainability Index,” said Bob Sulentic, CBRE’s president and chief executive officer. “We remain committed to responsible business practices and continuous improvement of our own corporate responsibility performance, while assisting our clients with a variety of sustainability strategies.”

Additionally, CBRE has been included in the FTSE4Good Index Series, which recognizes companies demonstrating strong environmental, social and governance practices, for three years in a row. In 2016, CBRE was ranked 15th on the Forbes “America’s Best Employers” list, included in Fortune Magazine’s Most Admired Companies for the fourth straight year, named a World’s Most Ethical Company by The Ethisphere Institute for the third consecutive year and received an EPA 2016 ENERGY STAR® Partner of The Year Sustained Excellence Award for the ninth year in a row.

More information on corporate responsibility at CBRE can be found at www.cbre.com/responsibility.

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 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source: CBRE

CBRE announces the promotion of Mike Lafitte and Cal Frese to Global Group Presidents

Lafitte to Focus on Business Lines and Clients; Frese to Focus on Geographies

Los Angeles, CA, 2016-Jun-13 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that Mike Lafitte and Cal Frese have been promoted to new positions as Global Group Presidents. These new positions represent the company’s senior-most global operating roles in its real estate services businesses, and report to CBRE President & CEO, Bob Sulentic.

Mr. Lafitte, who previously served as Chief Operating Officer, will serve as Global Group President, Lines of Business and Client Care. Mr. Lafitte will focus on the continued development of CBRE’s service lines, including its transactional, property, facilities and project management services.  He will also be responsible for the company’s Client Care initiative.

Mr. Frese, who previously served as CEO of the Americas, will serve as Global Group President, Geographies, with direct oversight of the Americas, EMEA and APAC.  Mr. Frese will focus on the quality of CBRE’s geographic leadership team and the financial and operational performance of its global regions. In addition, he will focus on more tightly aligning Research and Marketing and integrating them with CBRE’s global operations.

“Mike and Cal are exceptional leaders who have helped steer the company to strong growth and many key strategic gains,” Mr. Sulentic said.  “Their new responsibilities will enable us to continue to differentiate our services, while advancing the quality of our geographic leadership team and the financial and operational performance of our regions.”

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 (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

MEDIA CONTACT
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267
email

CBRE Group, Inc. ranked at #259 on FORTUNE’s 2016 list of the largest U.S.-based companies

LOS ANGELES, CA, 2016-Jun-07 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) has been ranked at #259 on FORTUNE’s 2016 list of the largest U.S.-based companies. CBRE has been included in the FORTUNE 500 every year since 2008.

CBRE rose sharply on the FORTUNE 500 list, improving from #321 in 2015.

“CBRE’s steady rise in the Fortune 500 has been driven by our strategy of developing top talent and supporting our professionals in producing exceptional results for our clients,“ said Bob Sulentic, President and Chief Executive Officer of CBRE.

In March, FORBES ranked CBRE the 15th Best Employer in America. In addition, the company has been ranked among FORTUNE’s Most Admired Companies for four consecutive years.

CBRE provides a broad range of commercial real estate services on a global basis. The company was responsible for more than $310.6 billion of property sales and lease transactions in 2015, and managed more than 5.2 billion sq. ft. (including properties managed by affiliates) of commercial properties and corporate facilities as of December 31, 2015.

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 (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

MEDIA CONTACT

Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267
email

CBRE Group recognized as a 2016 World’s Most Ethical Company® by the Ethisphere Institute

LOS ANGELES, 2016-Mar-09 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) has been recognized as a 2016 World’s Most Ethical Company by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance. This is the third year in a row CBRE has been honored with this award.

“CBRE is proud to be recognized as a World’s Most Ethical Company for the third straight year,” said Bob Sulentic, president and chief executive officer of CBRE. “Our corporate culture fosters an environment where our employees strive to better their communities and provide world-class client service with a high level of integrity.”

Ethisphere recognizes companies that align principle with action, work tirelessly to make trust part of their corporate DNA, and in doing so, shape future industry standards by introducing tomorrow’s best practices today. Companies are evaluated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%).

“Companies rely on Ethisphere to continually raise and measure the standards of corporate behavior. Those that demonstrate leadership in areas like citizenship, integrity and transparency create more value for their investors, communities, customers and employees, thus solidifying a sustainable business advantage,” explained Ethisphere’s Chief Executive Officer, Timothy Erblich. “Congratulations to everyone at CBRE for being recognized as a World’s Most Ethical Company.”

About the Ethisphere Institute The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere magazine. More information about Ethisphere can be found at: http://ethisphere.com.

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 (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

Media Relations
+1 212 9848267
Robert.McGrath@cbre.com

CBRE’s Women’s Network earns Top Ten ranking in the Economist supported Global Diversity List

Los Angeles, CA, 2015-11-18 — /EPR Retail News/ — CBRE Group, Inc. today announced that the CBRE Women’s Network earned a Top Ten ranking in the inaugural Global Diversity List, supported by the Economist. The Global Diversity List identifies large companies which put diversity at the center of their business strategies.

Other companies recognized for their women’s networks include Lloyds Banking Group, A.T. Kearney, Sodexo and GE.

CBRE’s Women’s Network was formed in 2000 and has grown to encompass more than 3,000 professionals worldwide.  The company has Women’s Networks in each of its global regions — the Americas, led by Lisa Konieczka, an executive vice president in the firm’s Chicago office; Europe, the Middle East & Africa, led by Sue Clayton, an executive director based in London; and Asia Pacific, led by APAC Talent Leader Olivia Walsh. These networks operate with an inclusive “By Women, For Everyone” philosophy, and focus on mentoring, professional development, personal enrichment, networking and community service.

“CBRE’s Women’s Network has been the industry leader in delivering real advantages to female professionals by providing them with valuable networking, learning and career development opportunities,” said Bob Sulentic, CBRE’s president and chief executive officer.  “We are proud to achieve this recognition. It is a credit to the work that Lisa, Sue, Olivia and the other leaders of our Women’s Networks around the world have done to build a world-class professional networking group.”

Earlier this year, CBRE was rated one of “America’s Best Employers” by Forbes magazine. Additional recognition in 2015 includes inclusion in the Dow Jones Sustainability Index–which recognizes corporations demonstrating leadership on environmental, social and governance issues–for the second year in a row. CBRE was also recognized in Fortune Magazine’s Most Admired Companies for the third straight year and was named a World’s Most Ethical Company by The Ethisphere Institute for the second consecutive year.

To find out more about CBRE’s Women’s Network, visit www.cbre.com/women.

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 (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

Media Relations
+1 212 9848267
Robert.McGrath@cbre.com

SOURCE: CBRE

 

CBRE Group included on the Dow Jones Sustainability Index (DJSI) North America for 2nd year in a row

Los Angeles, 2015-9-16 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that it has been included on the Dow Jones Sustainability Index (DJSI) North America for the second year in a row. This prestigious index recognizes corporations demonstrating leadership on environmental, social and governance issues.

CBRE is the only commercial real estate services and investment firm included in the index.

The 600 largest North American companies of the S&P Global Broad Market Index were invited to participate in the RobecoSAM Corporate Sustainability Assessment. Of these, approximately the top 25 percent made the DJSI.

“We are honored to again be part of this prestigious index,” said Bob Sulentic, CBRE’s president and chief executive officer. “We recognize the important role the commercial real estate industry plays in the global economy and continuously work to improve our own corporate responsibility performance while assisting our clients and the industry in their efforts.”

Earlier this year, CBRE was included in the FTSE4Good Index Series, which recognizes companies demonstrating strong environmental, social and governance practices, for the second year in a row. Additional recognition in 2015 includes being rated one of “America’s Best Employers” by Forbes magazine, inclusion in Fortune Magazine’s Most Admired Companies for the third straight year, recognition as a World’s Most Ethical Company by The Ethisphere Institute for the second consecutive year and receiving an EPA 2015 Energy Star® Partner of The Year Sustained Excellence Award for the eighth year in a row.

More information on corporate responsibility at CBRE can be found at www.cbre.com/responsibility.

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 (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

For Further Information

Robert Mcgrath
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CBRE Group named top global real estate advisory firm in 2015 Euromoney Real Estate Awards

Los Angeles, 2015-9-10 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) has been named the top global real estate advisory firm in the 2015 Euromoney Real Estate Awards. CBRE has now achieved the top award for four consecutive years and eight times since the real estate awards program launched 11 years ago. Globally, CBRE was also ranked highest overall in the Sales/Leasing and Valuation categories.

In addition to the global awards, CBRE was named as the leading real estate advisory firm in Western Europe, North America, Latin America and Africa and in 20 individual countries.

Euromoney, a leading international finance publication, annually surveys the opinions of real estate advisors, developers, investment managers, corporate end-users and banks worldwide to determine the best providers of real estate services. Industry professionals from more than 160 countries participated in this year’s survey.

Bob Sulentic, President & Chief Executive Officer, CBRE, commented:

“It is a great honor to be so consistently recognized by our clients and industry peers for excellence across the globe. This is a significant motivation for us to continue our strategy of investing in people, platform and technology to ensure we provide world-class advice and execution to deliver distinct advantages to clients.”

For more information on the 2015 Euromoney Real Estate Awards, please go to www.euromoney.com.

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 (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com​.

For Further Information

Robert Mcgrath
T +1 212 9848267
email

CBRE Group Inc. rises its rank in the FORTUNE 500 list of the largest U.S.-based companies

Ranking Rises to #321 from #363 in 2014

Los Angeles, 2015-6-11 — /EPR Retail News/ — CBRE Group Inc. (NYSE:CBG) has been named to the FORTUNE 500 list of the largest U.S.-based companies for the eighth straight year. The FORTUNE 500 ranks U.S.-based companies by total revenue. CBRE was ranked at #321 on the list in 2015, up from #363 in 2014.

“CBRE continues to climb the ranks of Fortune 500 companies by delivering exceptional outcomes that produce real advantages for our clients around the world,” said Bob Sulentic, President and Chief Executive Officer of CBRE.

CBRE has also been ranked among Fortune’s Most Admired Companies for three consecutive years. CBRE has also been named the top global brand in commercial real estate by The Lipsey Company for the 14th consecutive year.

CBRE provides a broad range of commercial real estate services on a global basis. The company was responsible for more than $284.9 billion of property sales and lease transactions in 2014, and managed more than 3.7 billion sq. ft. (including properties managed by affiliates) of commercial properties and corporate facilities as of December 31, 2014.

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 (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.​

CACS

Robert Mcgrath
Director, Sr
T +1 212 9848267
email
Corey Mirman
Specialist, Sr Communication
T +1 212 9846542
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More than 400 professionals from around the world will gather in Chicago for CBRE Group’s 15th annual Women’s Networking Forum “Growth to Greatness”

Los Angeles, CA, 2015-4-16 — /EPR Retail News/ — More than 400 professionals from around the world will gather in Chicago next week for CBRE Group Inc.’s 15th annual Women’s Networking Forum. The 2015 conference, whose theme is “Growth to Greatness,” is expected to be one of the largest in the CBRE Women’s Network’s history and will feature presentations from the company’s executives and external business leaders, professional-development workshops, networking events, and a major community service project.

“This year marks a milestone anniversary for our group,” said Lisa Konieczka, an Executive Vice President in CBRE’s Chicago office and Chair of the company’s Women’s Network. “Fifteen years ago, 35 women met and formed CBRE’s Women’s Network. Today, our organization has grown to more than 2,200 members who are united in making CBRE the best place to work, not just for women, but for everyone.”

CBRE’s Women’s Network was formed in 2000 and has grown into a diverse group with members at all levels of the organization, representing the company’s three regions and each of its business lines. The network operates with an inclusive philosophy of “By Women, For Everyone.” Its main initiatives are guided by four program offerings: mentoring, professional development, personal enrichment and networking.

Bob Sulentic, President and Chief Executive Officer of CBRE Group, Inc., said, “CBRE’s networking groups give our diverse employees real advantages in the workplace by providing enriching programs and valuable networking opportunities that develop their leadership skills, and help them achieve personal and career success.”

In conjunction with the conference, 250 CBRE volunteers will join housing nonprofit Rebuilding Together to refurbish the General Robert E. Wood Boys & Girls Club in Chicago’s South Lawndale community. The General Wood Club is attended by 400 to 500 neighborhood children daily, offering them a wide array of educational, social and sports programming. The club is also home to the acclaimed Community Links High School, which has a 87 percent graduation rate and a better than 75 percent college placement success rate for its graduates.

To find out more about CBRE’s Women’s Network, visit www.cbre.com/women.

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 (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.

For Further Information

CBRE Group, Inc. rated one of “America’s Best Employers” by Forbes magazine

Los Angeles, 2015-4-9 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that it has been rated one of “America’s Best Employers” by Forbes magazine. CBRE was the top rated real estate firm and ranked 71st overall on the list of 500 employers.

Forbes, in partnership with Statista.com, surveyed 20,000 American employees working for companies and institutions that employ more than 2,500 people. Respondents were asked to rate their employer – as well as other companies in their industry – on the quality of the work environment and whether they would recommend their company to potential employees. CBRE’s employees scored the company 8.9 on a scale of 1 to 10.

“The Forbes ranking speaks volumes about our strategy at CBRE,” said Bob Sulentic, the company’s president and chief executive officer. “Our people are integral to that strategy and we are highly focused on maintaining a work environment that helps them to build successful careers. In turn, this supports them in producing exceptional outcomes for our clients.”

Earlier this year CBRE was included in Fortune’s Most Admired Companies for the third consecutive year. CBRE is the only commercial real estate services and investment firm to be ranked among Fortune’s Most Admired Companies for three consecutive years.

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 (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

For Further Information

Robert Mcgrath
T +1 212 9848267
email

Corey Mirman
T +1 212 9846542
email

CBRE Group to acquire the Global WorkPlace Solutions (GWS) business of Johnson Controls for $1.475 billion

Los Angeles, 2015-3-31 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that it has entered into a definitive agreement to acquire the Global WorkPlace Solutions (GWS) business of Johnson Controls, Inc. (NYSE:JCI).  GWS is a market-leading provider of Integrated Facilities Management solutions for major occupiers of commercial real estate and has significant operations around the world.  The purchase price is $1.475 billion, payable in cash, or $1.3 billion net of the present value of estimated tax benefits, and with customary post-closing adjustments for working capital and other items.

GWS will operate as part of CBRE’s Global Corporate Services (GCS) business, which has increased revenue at a double-digit compound annual growth rate over the last decade, as more major corporations and other institutions outsource their real estate services. When the transaction is completed, the full range of combined occupier services – notably including CBRE’s leasing expertise and GWS’s engineering expertise – will be available to the clients of both companies.

“The exceptionally talented GWS team will greatly enhance our service offering for occupiers around the world,” said Bob Sulentic, president and chief executive officer of CBRE.  “With GWS, we further our ability to create advantages for occupier clients by aligning every aspect of how they lease, own, use and operate real estate to enhance their competitive position.”

CBRE and Johnson Controls also announced a 10-year strategic relationship. CBRE will provide Johnson Controls with a full suite of integrated corporate real estate services (including facilities management, project management and transaction services) on more than 50 million sq. ft. and Johnson Controls will offer a factory-direct relationship on HVAC equipment, building automation systems and related services to CBRE for its managed properties.  In addition, the companies will jointly fund an innovation lab that will develop leading-edge energy management solutions to lower costs and enhance their clients’ work environments. The joint innovation lab will evaluate, connect and leverage products, services and energy data to create value for occupiers and investors of real estate.

“Clients are increasingly asking us for fully integrated real estate and facilities solutions, which includes self-performing building technical services across their global portfolios,” said Bill Concannon, chief executive officer, GCS for CBRE. “GWS will further improve our ability to serve clients in more than 50 countries with a market-leading capability in all services, industry sectors and property types. The GWS team is a great fit for our business. They bring leadership and expertise in many areas that are vital to our clients, including engineering excellence, global supply chain management, mission-critical facilities and energy management.”

GWS serves a blue-chip roster of global corporations, particularly in the industrial/manufacturing, life-sciences, and technology sectors. Clients typically purchase these services under five-year contracts, and the average tenure for GWS’s 50 largest clients is 12 years.

Upon closing, John Murphy, GWS’s president, will join CBRE as global chief operating officer, GCS. “This combination will create a global market leader in the provision of value-added occupier services that enable clients to derive maximum value from their workplaces.  Together, we will assure clients of high-quality, reliable, cost-efficient, comfortable and safe working environments no matter their core business mission,” said Mr. Murphy. “The fit between our two organizations – be it culture, values, a client-centered ethos, or our commitment to engaged and empowered employees – is outstanding. This fit will help accelerate our coming together to create new value for our clients and shareholders.  I am extremely excited about our future as part of the first-class team at CBRE. ”

Together, CBRE and GWS will manage nearly 5 billion sq. ft. of real estate and corporate facilities globally, including 2.3 billion sq. ft. in the Americas, 1.2 billion sq. ft. in Europe, the Middle East & Africa and 1.4 billion sq. ft. in Asia Pacific.

GWS, which has approximately 16,000 employees worldwide, generated approximately $3.4 billion of revenue for the 12 months ended December 31, 2014.

CBRE anticipates that GWS will be materially accretive to its adjusted earnings per share in 2016.  It expects to fund the acquisition through a combination of cash on hand and proceeds from the incurrence of debt.  The transaction is expected to close in the late third quarter or early fourth quarter of 2015 and is subject to customary regulatory approvals.  Simpson Thacher & Bartlett LLP acted as CBRE’s legal advisor.

CBRE will hold a conference call at 9 a.m. Eastern Time today (Tuesday, March 31, 2015) to discuss the transaction with the investment community.  A webcast will be accessible through the Investor Relations section of the company’s website at www.cbre.com/investorrelations.

The direct dial-in number for the conference call is 877-407-8037 for U.S. callers and 201-689-8037 for international callers.  A replay of the call will be available starting at 11 a.m. Eastern Time on March 31, 2015, and ending at midnight Eastern Time on April 7, 2015. The dial-in number for the replay is 877-660-6853 for U.S. callers and 201-612-7415 for international callers.  The access code for the replay is 13605214.  A transcript of the call will be available on the company’s Investor Relations website at www.cbre.com/investorrelations.

About Johnson Controls Global WorkPlace Solutions
Johnson Controls Global WorkPlace Solutions (GWS) is a leading provider of facilities, corporate real estate and energy management for many of the world’s largest companies.  The company creates business advantage for its customers through tailored solutions that optimize their real estate performance and employee productivity while reducing total occupancy costs. Its 16,000 employees have delivered over $3 billion in savings for its customers over the last 10 years and ensure the business continuity for the 1.2 billion square feet of real estate that the company manages in 55 countries.

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 (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

“Safe Harbor” Statement Under the U.S. Private Securities Litigation Reform Act of 1995
Certain of the statements in this release regarding the acquisition of the Global Workplace Solutions (GWS) business of Johnson Controls, Inc. 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. These forward-looking statements involve risks and uncertainties, including, but not limited to, the expected closing date of the acquisition, expected cost synergies and earnings accretion, expected tax benefits, expected financing sources for the transaction, and the ability of the parties to successfully integrate GWS with CBRE’s existing operations globally, as well as other risks and uncertainties discussed in CBRE’s filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release and, except to the extent required by applicable securities laws, CBRE expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If CBRE does update one or more forward-looking statements, no inference should be drawn that it 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 risks to CBRE’s business in general, please refer to CBRE’s SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. Such filings are available publicly and may be obtained off CBRE’s website at www.cbre.com or upon request from the CBRE Investor Relations Department at investorrelations@cbre.com.

For Further Information

Steve Iaco
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Robert Mcgrath
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Ethisphere Institute recognized CBRE Group, Inc. as a 2015 World’s Most Ethical Company® for second year in a row

Ethisphere Institute Recognizes Leadership in Responsible Business Practices, Ethical Conduct and Community Service

Los Angeles, 2015-3-12 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) has been recognized as a 2015 World’s Most Ethical Company® by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance. This is the second year in a row CBRE has been recognized by the Ethisphere Institute.

CBRE was recognized for its strong corporate culture focused on commitments ethics and compliance as well as responsible business practices.

“CBRE’s selection as a World’s Most Ethical Company is a powerful statement about our corporate culture,” said Bob Sulentic, president and chief executive officer of CBRE. “Our people have a rigorous focus on adhering to the highest standards of professional conduct while creating advantage for our clients. They are also highly dedicated to serving the communities where they live and work.”

The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ (EQ) framework developed over years of research to provide a means to assess an organization’s performance in an objective, consistent and standardized way. Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%).

“The World’s Most Ethical Companies embrace the correlation between ethical business practice and improved company performance. These companies use ethics as a means to further define their industry leadership and understand that creating an ethical culture and earning the World’s Most Ethical Companies recognition involves more than just an outward facing message or a handful of senior executives saying the right thing,” said Timothy Erblich, Ethisphere’s chief executive officer. “Earning this recognition involves the collective action of a global workforce from the top down. We congratulate everyone at CBRE for this extraordinary achievement.”

About Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere Magazine and The World’s Most Ethical Companies Executive Briefing. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs. More information about Ethisphere can be found at: http://ethisphere.com.

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 (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

For Further Information:

Steve Iaco
Director, Sr. Managing
T +1 212 9846535
email

Robert Mcgrath
Director, Sr
T +1 212 9848267
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The Lipsey Company named CBRE the top global brand in commercial real estate for the 14th consecutive year

Los Angeles, 2015-2-26 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that The Lipsey Company has named CBRE the top global brand in commercial real estate for the 14th consecutive year.

Lipsey​, a training and professional development firm specializing in commercial real estate, has surveyed commercial real estate professionals on their perceptions of the industry’s leading brands since 2001. CBRE has been ranked number one every year that Lipsey has conducted its brand survey. In 2015, more than 100,000 U.S. and international professionals participated in the survey, including property owners, investors, lenders, occupiers, brokers and property managers.

“We are particularly proud of this recognition because the Lipsey survey reflects the opinions of our clients and industry peers,” said Bob Sulentic, president and chief executive officer of CBRE. “Our people work hard every day to earn the trust of our clients by building distinct advantages for them in the marketplace. This is a key reason for CBRE’s success and why our future continues to look very bright.”

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 (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

For Further Information

Robert Mcgrath
Director, Sr
T +1 212 9848267
email

Corey Mirman
Specialist, Sr Communication
T +1 212 9846542
email

CBRE the only commercial real estate services and investment firm to be ranked among Fortune’s Most Admired Companies for three consecutive years

Los Angeles, 2015-2-23 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that it has been ranked amongFortune’s Most Admired Companies for the third consecutive year. CBRE is the only commercial real estate services and investment firm to be ranked among Fortune’s Most Admired Companies for three consecutive years.

Fortune rates companies on attributes related to corporate performance. In the 2015 program, CBRE scored particularly well on quality of management, quality of services and global competitiveness.

“CBRE is highly focused on producing exceptional outcomes for our clients and achieving excellence in everything we do. Our continued recognition by Fortune as one of the industry’s most admired companies underscores our continued strong progress in these efforts,” said Bob Sulentic, president and chief executive officer of CBRE.

Drawing from a base of some 1,400 companies, Fortune evaluated a total of 668 companies from 29 countries.Fortune surveys board directors, executives and financial analysts to determine the rankings.

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 (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.​

For Further Information

Robert Mcgrath
T +1 212 9848267
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Corey Mirman
T +1 212 9846542
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CBRE Group, Inc. announces the launch of its new global brand positioning – Build on Advantage

Los Angeles, 2014-12-10 — /EPR Retail News/ — CBRE Group, Inc., the world’s largest commercial real estate services and investment firm, today announced the launch of its new global brand positioning – transforming real estate into real advantage – along with a platform to express the positioning inside and outside the company, Build on Advantage.

“With our new positioning, we have created an organizing principle for the brand that supports our core strategy of producing distinct advantages for all of our stakeholders, and have united our professionals around this aspiration,” said Bob Sulentic, CBRE’s president and chief executive officer.

CBRE has built the world’s leading commercial real estate services and investment firm through strong organic growth driven by its commitment to creating exceptional outcomes for clients, a disciplined acquisition and integration strategy, and a relentless focus on attracting and developing the industry’s best talent.

Paul Suchman, CBRE’s chief marketing officer, said the “Build on Advantage” brand positioning marshals CBRE’s collective strengths, including its industry-leading professionals, broad geographic and business line footprint, and wide-ranging expertise.

“The timing is right,” said Mr. Suchman. “Firmly established as the leader of our sector, we now set our sights on becoming recognized as a premier professional services firm across all industries. We spent much of 2014 uncovering our true strengths and differentiators and hearing from clients about why they entrust us with their real estate. The answer lies in the competitive advantage we create for our clients. Time and again— in every market, every day—CBRE turns real estate into commercial advantages that yield transformational business value. It is this insight that underpins our new brand positioning and drives our ambitions for CBRE.”

CBRE is executing the new brand positioning in its more than 350 offices globally and is launching the first phase of a global advertising campaign today. The ads will appear in business publications in the U.S., U.K., Hong Kong and Australia, and will continue through 2015. CBRE’s sector-leading global research, marketing collateral and owned-media properties, including its website and social media, will also reflect the brand positioning.

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 (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

For Further Information:

Christy Ingle
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Robert Mcgrath
Director, Sr
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