CBRE Group welcomes Brad Burke as Head of Investor Relations

Los Angeles, 2017-Apr-11 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today (April 10, 2017) announced that Brad Burke will join the company on June 8th as Head of Investor Relations.

Mr. Burke will join CBRE from Goldman Sachs & Company, where he has worked as an equity research analyst since 2013 and led research coverage of 17 commercial real estate companies, including CBRE.

Mr. Burke will report to Jim Groch, Chief Financial Officer and Global Director of Corporate Development. He will lead CBRE’s investor relations strategy, and work closely with Steve Iaco, CBRE’s Senior Managing Director of Corporate Communications.

“We are excited to welcome Brad to CBRE. He has a deep understanding of our company, the commercial real estate services industry and our current and prospective institutional investors,” said Mr. Groch. “We believe investors will benefit from his experience, insights and focus on enhancing their knowledge of our business.”

Prior to Goldman Sachs, Mr. Burke worked at UBS equity research, covering the Industrials and Energy sectors. He began his financial services career in the audit practice group of Ernst & Young in 2003.

He holds an MBA from Carnegie Mellon University, an MS in Accountancy from the University of Notre Dame and a BS in Marketing from the Pennsylvania State University. He is a CFA charterholder.

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’s senior secured bank credit facility and senior unsecured ratings raised to Investment Grade (Baa3) by Moody’s Investors Service

Los Angeles, CA, 2015-3-12 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that Moody’s Investors Service has raised the Company’s senior secured bank credit facility and senior unsecured ratings to Investment Grade (Baa3), with a stable outlook.

In making the upgrade, the Moody’s analysis cited CBRE’s conservative capital structure, sound financial policy and increased contractual and recurring revenue sources.

“The Moody’s upgrade is a strong endorsement of our strategy of thoughtfully managing our balance sheet while investing in our people, platform and service offering to create real advantage for our clients and to enhance the competitive position of CBRE,” said Jim Groch, CBRE’s chief financial officer and global director of corporate development.

In December 2014, Standard & Poor’s Rating Services (S&P) raised CBRE’s corporate rating to Investment Grade (BBB-).

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
T +1 212 9846535
email

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Standard & Poor’s Rating Services raised CBRE’s corporate rating to Investment Grade (BBB-), with a positive outlook

Los Angeles, CA, 2014-12-15 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that Standard & Poor’s Rating Services (S&P) has raised CBRE’s corporate rating to Investment Grade (BBB-), with a positive outlook.

This is the second time in six months that S&P has raised its rating of CBRE.  S&P took its latest action under its revised methodology for evaluating non-bank financial services companies.  In its most recent analysis (June 2014) of CBRE, S&P cited more conservative financial management and an increase in contractual revenue as reasons for its improved credit profile.

CBRE has recently undertaken several financing activities to strengthen its balance sheet and provide increased financial flexibility. Since early last year, CBRE has issued approximately $1.2 billion of senior notes, at 10-year or longer terms and at interest rates of 5.25% or lower.  This includes $125 million of additional 5.25% senior notes due 2025 issued earlier today at 101.5% of their face value.

Proceeds from CBRE’s prior notes issuances were used to redeem shorter-maturity notes and to prepay floating-rate debt. Proceeds from today’s notes issuance are intended to be used to prepay floating-rate term loans.

CBRE also announced in late November that it is in discussions with its existing credit-facility lenders to increase its revolving credit facility to up to $2.5 billion ($149.2 million balance at 9/30/14) and refinance its existing Tranche A term loan ($443.7 million balance at 9/30/14) with a new $500 million Tranche A term loan.

“The S&P upgrade is a milestone for CBRE,” said Jim Groch, CBRE’s chief financial officer and global director of corporate development. “We continue to thoughtfully manage our balance sheet while investing in our people and platform. Combining the industry’s top entrepreneurial talent with contractual client relationships and integrated services allows us to create value for our clients and extend our competitive advantage in the market.”

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.

“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements related to the anticipated use of proceeds from the issuance of its additional 5.25% senior notes due in 2025. These forward-looking statements involve known and unknown risks, uncertainties and other factors discussed in CBRE Group, Inc.’s filings with the SEC. Any forward-looking statements speak only as of the date of this press release and, except to the extent required by applicable securities laws, CBRE Group, Inc. 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 Group, Inc. 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 CBRE Group, Inc.’s business in general, please refer to its SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2013, and its quarterly report on Form 10-Q for the quarterly period ended September 30, 2014.

For Further Information:

James Groch
CFO & Glbl Director, Corp Dev
T +1 215 9217474
email

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