CBRE acquires San Francisco-based, technology-focused boutique real estate brokerage firm Custom Spaces

  • Acquisition Fortifies CBRE’s Technology Practice Globally and Creates the Premier Tech Practice in the Bay Area
  • Jenny Haeg, Custom Spaces’ Founder, Joins CBRE as Vice Chairman within its Advisory & Transaction Services business

LOS ANGELES, CA, 2017-Oct-23 — /EPR Retail News/ — CBRE Group, Inc. (NYSE: CBG) today announced the acquisition of the business of Custom Spaces, a San Francisco-based, technology-focused boutique real estate brokerage firm that advises leading technology companies such as Airbnb, Cruise Automation, Medium, Gusto and Coinbase, on occupancy strategies. The acquisition confirms CBRE as the leading real estate advisor in the Bay Area for technology companies and fortifies its Technology Practice globally.

Jenny Haeg, founder and CEO of Custom Spaces, will join CBRE as a Vice Chairman within its Advisory & Transaction Services business and will have a leadership role with CBRE’s global Technology Practice. This practice group consists of CBRE Advisory and Transaction Services professionals who collaborate to meet the real estate requirements of technology companies – from Fortune 100 multi-nationals to high-growth, mid-cap companies, to emerging venture capital backed start-ups.

“We are delighted that Jenny and her team have joined CBRE,” said Joe Wallace, Executive Managing Director, Bay Area, CBRE. “Tech companies operate in an incredibly dynamic environment. There are very few real estate advisors who, like Custom Spaces, both understand the unique requirements of the tech sector and can implement related plans quickly at scale. CBRE’s global service offering ensures that Custom Spaces and their clients have access to best-in-class strategy, analytics and real estate execution anywhere in the world.”

“Custom Spaces was founded to help technology companies scale and achieve their real estate objectives in a way that is consistent with their unique identity and culture. In speaking with CBRE leadership, it quickly became apparent that they shared our mission of a service-based firm that puts our clients’ needs first in a personalized way.  Joining forces with CBRE and leveraging their market-leading position globally and broad-based service offering, will enable us to do this for more clients, in more ways and in more markets. We are excited to continue building the definitive real estate platform for technology companies around the world,” said Ms. Haeg.

“We are excited to welcome Custom Spaces’ valued clients to CBRE. The combination of our two firms creates a powerful and market-leading platform to serve technology companies. We look forward to earning the right to help these important clients grow by consistently delivering exceptional outcomes – on every assignment,” said Jack Durburg, CEO, Americas, CBRE.

“Custom Spaces has built a very capable team and great brand through a tireless commitment to acting in the best interest of its clients and cultivating strong relationships. Joining forces with CBRE will undoubtedly bring access to cross-disciplinary expertise and horsepower that will only further help Airbnb achieve our real estate goals and objectives,” said Tido Pesenti, Director, Global Real Estate, Procurement & Travel, Airbnb.

Ms. Haeg founded Custom Spaces in 2011. In addition to the Bay Area, the firm has developed real estate solutions for tech companies in markets such as New York, Los Angeles, Tokyo and London.

Forward-Looking Statements
Certain of the statements in this release regarding the acquisition of Custom Spaces 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 Custom Spaces’ brokerage professionals with our existing operations in the U.S., as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2016, and our Form 10-Q for the quarter ended June 30, 2017. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at 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
Senior Director

Macy’s appoints CBRE for the disposition of its stores that are closing

Los Angeles, 2017-Jan-05 — /EPR Retail News/ — CBRE Group Inc. announced today (January 4, 2017) that Macy’s, Inc., has appointed CBRE to help with the national disposition of a portion of the stores that Macy’s has announced it will be closing.

“This partnership brings together two industry leaders, each with more than 100 years of history,” said Jack Durburg, CBRE Chief Executive Officer, the Americas. “We are honored to assist Macy’s, a storied retailer that helped create much of the American retail landscape, as it charts its course to a future of continued retail leadership.”

The Macy’s partnership comes as CBRE has enhanced its flagship Retail Advisory & Transaction Services business line to include robust practices in several specialized sectors, including malls, urban retail and dispositions.

“CBRE has dedicated the resources and expertise to expand its dispositions business at a time when many retailers are optimizing their store portfolios to focus on their best-positioned, most-profitable operations,” said Brandon Famous, CBRE Senior Managing Director and Retail Leader, the Americas. “Helping national retailers through this intricate process requires industry knowledge, location-analytics capabilities, capital-markets resources and relationships with investors and retailers on a scale that only CBRE can provide.”

Developers, retailers and other parties potentially interested in the properties can contact Neill Kelly, CBRE’s Senior Vice President and Practice Leader of Occupier Restructuring and Disposition Services, at 631-370-6067 or neill.kelly@cbre.com. They also can visit the project web site: www.cbre.com/macys.

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 strengthens its senior management team with several executive leadership promotions

Los Angeles, CA, 2016-Jun-13 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced several executive leadership promotions designed to further strengthen its senior management team, drive the company’s strategy and sustain its growth.

Jack Durburg has been promoted to CEO, the Americas, reporting to Cal Frese, Global Group President, Geographies.  Mr. Durburg has led CBRE’s global Advisory & Transaction Services (brokerage) operations since March 2012 and prior to that, led the U.S. Central Region and Chicago local market area.

Whitley Collins has been promoted to Global President, Occupier Advisory & Transaction Services (A&T) and will take on Mr. Durburg’s former responsibilities for this business line.  Mr. Collins has led Occupier A&T in the Americas and will now expand his responsibilities to a global level.

Mary Jo Eaton has been promoted to Global President, Asset Services and Valuation & Advisory Services.  Ms. Eaton has most recently served as Florida and Latin America leader. Earlier, she led CBRE’s regional Asset Services operations in the Washington, DC and Philadelphia markets.

Mr. Collins and Ms. Eaton will report to Mike Lafitte, Global Group President, Lines of Business and Client Care.

Bob Sulentic, CBRE President and CEO, said: “Jack, Whitley and Mary Jo are outstanding executives. In their new roles, they will enable us to sustain our momentum by producing consistently superior outcomes for clients and ensuring even sharper focus on driving growth.”

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 announces the launch training program for brokerage professionals

Los Angeles, 2015-2-6 — /EPR Retail News/ — CBRE Group, Inc. today announced the launch of an innovative broker training video and resource center specifically designed and aimed at understanding and promoting sustainable aspects of commercial real estate assets. CBRE’s training program will be offered to the Company’s more than 2,900 U.S. brokerage professionals. A preview video of the training program can be viewed here​.

“Sustainability has become a business imperative for many of our clients—tenants and landlords alike,” commented Jack Durburg, Global President, CBRE Brokerage Services. “Many of our brokerage professionals are enhancing their knowledge of sustainable real estate to expand their capabilities and best serve their clients’ needs in a changing marketplace.”

The Green Building Adoption Index, a recent CBRE sponsored study, found that the rapid expansion of “green” space in U.S. has led to green buildings now exceeding 50% of commercial office space in several markets.

“CBRE’s brokerage professionals are often the first contact a prospective tenant meets when considering to occupy space in one of our clients’ buildings and many landlords have made significant investments to improve and promote their sustainability characteristics,” added Dave Pogue, CBRE’s Global Director of Corporate Responsibility. “Our innovative new training will ensure our brokers have up-to-the-minute knowledge and appropriate resources to best serve our clients.”

The Company’s introduction of the broker training initiative joins other sustainability milestone achievements for CBRE, including:

  • ​Recognized global leader in the certification of 335 LEED EB buildings with another 226 buildings in the current pipeline;
  • Environmental Protection Agency (EPA) ENERGY STAR Certification Nation 2014 Elite Member, earning a top spot with 361 EPA Energy Star labeled buildings;
  • Trained more than 16,000 attendees through the CBRE BOMA BEEP program since 2008.

“This is a continuation of our goal to provide a market leading sustainability solution at each step of the real estate process. Trammell Crow Company provides this though its development efforts, CBRE Global Investors continues to earn recognition through the Global Real Estate Sustainability Benchmark (GRESB) for its environmental stewardship and our Asset Services efforts have been recognized consecutively for the past seven years as an EPA Sustained Excellence Partner of the Year,” noted Mr. Pogue.

CBRE’s Environmental Sustainability program includes global commitments in 11 key areas of environmentally sound performance, including resource management, occupancy, communications and training, public policy and procurement. The program provides best practices and initiatives that strengthen CBRE’s own environmental commitment, reflect the best environmental practices for clients’ properties, and provide vital training and education to CBRE professionals.

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

Robert Mcgrath
Director, Sr
T +1 212 9848267
email

CBRE Group, Inc. forms Occupier Advisory and Transaction Services for occupier clients across the Americas

Los Angeles, 2014-12-5 — /EPR Retail News/ — CBRE Group, Inc. today announced the formation of Occupier Advisory and Transaction Services to significantly enhance the delivery of transaction related services for occupier clients across the Americas.

Occupier Advisory and Transaction Services marshals the talents, resources, and expertise of CBRE’s Brokerage, Transaction Management, Advisory and Portfolio Services into a single, integrated services platform and offering to serve occupier clients.

“CBRE is known for the strategic advice and high value execution we deliver to Fortune 500 occupier clients,” said Whitley Collins, who has been named Americas President of Occupier Advisory and Transaction Services. “With our new, integrated platform, we are harnessing all our knowledge and expertise and making it equally available to a much broader group of occupier clients.”

Adds Darcy Mackay, who has been named Chief Operating Officer of Occupier Advisory and Transaction Services, “Our unified approach will enable us to produce consistently exceptional outcomes for all of our occupier clients throughout the Americas region.”

Mr. Collins, who previously served as Occupier Brokerage Leader for the Americas, will have overall responsibility for Occupier Advisory and Transaction Services. Ms. Mackay, who previously served as Global Head of Transaction Management and Portfolio Services, will be responsible for the delivery of CBRE’s full suite of advisory and transaction services for its occupier clients and professionals. She will also continue to lead the Global Advisory & Transactions platform that serves CBRE’s largest occupier clients through its Global Corporate Services business.

“Whitley and Darcy are outstanding leaders with over 50 years of combined experienced in serving occupiers, and we are very pleased to have them leading this combined services platform.” said Jack Durburg, Global President of Transaction Services, CBRE.

Based in Los Angeles, California, Mr. Collins serves on CBRE’s Americas Executive Committee and Americas Operations Management Board. In 2003, he received CBRE’s William H. McCarthy Award, the company’s highest honor, which signifies a commitment to integrity, teamwork and professional excellence. He serves on the Board of Directors of the YMCA of Metropolitan Los Angeles and Stillpoint Resources, a non-profit organization that provides counseling, especially to children in need. He received a Bachelor of Arts from the University of California, San Diego.

Based in San Francisco, California, Ms. Mackay has nearly 20 years of experience in corporate and commercial real estate and has been with CBRE for 15 years. She is a member of CoreNet Global and Commercial Real Estate Women. She serves on CBRE’s Americas Operations Management Board. She holds a Bachelor of Arts, cum laude, from Harvard University, where she was a John Harvard and Elizabeth Cary Agassiz Scholar. She also earned her Master of Public Policy degree, with an emphasis in real estate and land use economics, from the Goldman School of Public Policy at the University of California, Berkeley.

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:

Robert Mcgrath
Director, Sr
T +1 212 9848267
email

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