CBRE supports promising new technologies for built environment

Venture Capital Fund to Back New Technologies for the Built Environment

Los Angeles, 2017-May-04 — /EPR Retail News/ — CBRE Group, Inc. (NYSE: CBG) today (May 2, 2017) announced that the company is a founding anchor investor in Fifth Wall Ventures Management, LLC (Fifth Wall Ventures), the first significant venture capital fund entirely focused on backing promising new technologies for the built environment.

The fund closed with $212 million of capital commitments, with CBRE as the only real estate services company invested in the fund. Other Fifth Wall Ventures anchor investors include key industry players such as Equity Residential, Host Hotels, Hines, Lennar, Macerich and Prologis.

“Our active engagement in Fifth Wall Ventures will provide early insight into companies and technologies that have the potential to enhance our ability to deliver great outcomes for our clients,” said Chandra Dhandapani, CBRE’s Chief Digital & Technology Officer. “This is one vehicle, among several, that CBRE will use to identify emerging technologies, connect with top talent, build strategic partnerships and make investments that will create further competitive advantages for our clients and our company.”

“CBRE understands technology, talent and venture investing,” said Brendan Wallace, co-founder of Fifth Wall Ventures. “They moved quickly to engage with another founding investor to lead the negotiations to help establish our venture fund. Their early sponsorship of VTS/Hightower and acquisition of Floored, a top-tier innovator, impressed our team. They are also the largest, most profitable full-service commercial real estate firm in the world. With talent and scale advantage, CBRE is a perfect partner for our fund and for the companies that we invest in.”

Forward-Looking Statements
Certain of the statements in this release regarding our investment in Fifth Wall Ventures Management, LLC (Fifth Wall Ventures) that do not concern purely historical data are forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, our ability to utilize our investment in Fifth Wall Ventures to identify emerging technologies, as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2016. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at investorrelations@cbre.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 acquires Mainstream Software, Inc. a technology solutions provider for facilities management operations

Acquisition bolsters CBRE’s growing competitive advantage in digital and technology capabilities

Los Angeles, 2017-Apr-19 — /EPR Retail News/ — CBRE Group, Inc. (NYSE: CBG) today (April 18, 2017) announced that it has acquired the business of Mainstream Software, Inc. (Mainstream), a technology company that provides mobile and software-as-a-service (SaaS) technology solutions for facilities management operations.

Mainstream’s proprietary technology further enhances CBRE’s Global Workplace Solutions (GWS) offering in the area of digital and technology-enabled services.

Mainstream’s technology supports over 90,000 users, including many CBRE facility managers, clients and vendors and processes millions of facility work orders annually. The technology supports tenant work requests, reactive and preventive maintenance scheduling, and analytics for facilities in 50 countries.

Already responsible for collating a significant portion of CBRE’s work order volume, Mainstream becomes a permanent resource in CBRE’s suite of technology products; alongside several other capabilities that enable enhanced service levels and operational savings on behalf of facilities management clients.

“Owning a suite of key enablement technologies is an integral part of CBRE’s strategy,” said Chandra Dhandapani, CBRE’s Chief Digital & Technology Officer. “Mainstream fits perfectly with this strategy and our combined product vision will further enable our professionals to operate more efficiently and provide superior experiences and outcomes for our clients.”

“Mainstream’s technology has delivered excellent results for our clients, colleagues, and supplier partners consistently for 15 years” said Matt Werner, President, GWS Enterprise Facilities Management, CBRE. “By acquiring this organization we are bringing a trusted partner into our company, ensuring that CBRE’s scale, expertise, and ability to invest will continue to support and strengthen this technology, creating advantage for our clients going forward.”

Founded in 1989 by Peter Wallace, Mainstream is based in Twinsburg, Ohio.

“My team and I have enjoyed working with CBRE over the years and are excited to join this premier business,” said Mr. Wallace. “We look forward to continuing on our past success to offering a technology tool that allows account teams to meet client needs and enhances their abilities to deliver effective solutions.”

Forward-Looking Statements
Certain of the statements in this release regarding the acquisition of Mainstream Software, Inc. (Mainstream), that do not concern purely historical data are forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, our ability to successfully integrate Mainstream with our existing operations in the U.S., as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including Form 10-K for the fiscal year ended December 31, 2016. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at investorrelations@cbre.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 Group, Inc.

MEDIA CONTACT:
Robert McGrath
+1 212.984.8267
robert.mcgrath@cbre.com

CBRE acquires Floored, Inc., a leading producer of SaaS solutions for the global commercial real estate industry

Floored’s 3D Graphics Technology Further Enhances CBRE’s Marketplace Differentiation

Los Angeles, 2017-Jan-04 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today  (January 3, 2017) announced that it has acquired Floored, Inc., a leading producer of SaaS (Software as a Service) solutions, including scalable, interactive 3D graphics technology, for the global commercial real estate industry.  Floored gives CBRE’s professionals and clients access to advanced technology, and significantly increases the company’s capabilities to develop technology innovations that enhance marketing and leasing of commercial properties.

“We are very excited to add Floored’s interactive 3D graphics to our growing suite of technology tools,” said Chandra Dhandapani, CBRE’s Chief Digital & Technology Officer. “Many of our leading professionals and clients have been using Floored technology and are very excited about their solutions. It gives our professionals a powerful advantage in the marketplace, enabling them to configure, visualize and compare vacant space and arrange virtual tours.  Our clients will continue to have access to these, and future, powerful products.”

Floored’s two main existing SaaS products are:

  • Protofit, which allows users to visualize and edit floor plans in 2D and 3D (including accurate external window views from each floor) and to create customized space layouts in real-time.  Protofit, which is being rebranded as Floored Plans, has been utilized in over 65 million sq. ft. of properties.
  • Luma, which enables a high-quality, interactive, next-generation customized 3D “walk-through” experience for new, unbuilt and repositioned spaces. This technology has been used to visualize space from project concept and design all the way through leasing and marketing efforts and is now being re-branded as Floored Build.

The products are used by property owners like Related, Equity Office, Hines and Beacon Capital.

Floored’s co-founders – Chief Executive Officer David Eisenberg, Chief Technology Officer Dustin Byrne and Vice President of Engineering Judy He – and their 36-person team of engineers, designers, 3D modelers and client support personnel will all join CBRE as part of the acquisition. Mr. Eisenberg will serve as SVP of Digital Enablement & Technology for CBRE’s leasing business (called Advisory & Transaction Services).

“We look forward to working with Dave, Dustin, Judy and their incredibly talented team to develop other innovative capabilities to enable exceptional outcomes for our clients. This will also give us momentum in tapping into the New York digital talent base,” Ms. Dhandapani said.

“We have worked very hard over the past four years to invent groundbreaking technology for commercial real estate,” said Mr. Eisenberg. “We couldn’t be more excited to bring this innovation to the industry’s premier, globally integrated commercial real estate services and investment firm. Together we will build powerful advantages for CBRE’s clients.”

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.

About Floored
Floored, Inc., founded in 2012, is a New York City-based company that creates interactive 3D graphics and technology for the hospitality and commercial, residential, industrial, and retail real estate industries. Floored has worked with hundreds of clients from around the world, with enterprise customers including Related, Equity Office, Hines and Beacon Capital.

Forward-Looking Statements
Certain of the statements in this release regarding the acquisition of Floored, 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. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, our ability to successfully integrate Floored’s technology into our existing operations as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Quarterly Report on Form 10-Q for the quarter ended September 30, 2016, and our Annual Report on Form 10-K for the fiscal year ended December 31, 2015. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at investorrelations@cbre.com.

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

Source:  CBRE Group, Inc.

CBRE announces the appointment of Chandra Dhandapani as its Chief Digital & Technology Officer

Longtime Capital One Financial Corporation Executive to Lead CBRE’s Technology and Digital Enablement

Los Angeles, 2016-Jun-29 — /EPR Retail News/ — CBRE Group, Inc. today announced that Chandra Dhandapani has been named the company’s Chief Digital & Technology Officer.  Ms. Dhandapani, a longtime technology executive at Capital One Financial Corporation, will join CBRE in mid-July, and will be the company’s most senior technology leader, with responsibility for all aspects of the company’s technology and digital enablement activities, including those serving clients and CBRE professionals.

“We are excited to add an executive of Chandra’s experience and capability to our senior leadership team,” said Chris Kirk, CBRE’s Chief Administrative Officer.  “She has a proven record of developing and executing enterprise-level digital strategies that support business objectives, improve client outcomes and drive growth.  We are looking forward to her contributions to CBRE.”

Ms. Dhandapani has been a senior technology executive at Capital One Financial for 17 years.  Most recently, she served as Digital Transformation Leader and Chief Information Officer of the bank’s Financial Services division, comprised of Capital One’s Auto Finance, Mortgage, Home Equity and Home Loans Servicing businesses. In this capacity, she implemented industry-leading technology solutions that provided desktop, online and mobile capabilities to customers and internal staff.

Ms. Dhandapani earned a BS in mathematics and an MBA in marketing and finance, from IRMA in India, and an MBA in information systems from the University of Texas at Arlington.

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

Source: CBRE