Posted on November 16, 2017 by Retail News Editor

CBRE welcomes Curt Grantham as Global President of Project Management

Los Angeles, 2017-Nov-16 — /EPR Retail News/ — CBRE today (November 13, 2017) announced that Curt Grantham has been appointed to a new role as Global President of Project Management. Mr. Grantham will drive strategy, growth and client outcomes for CBRE’s Project Management businesses across all geographic regions.

Mr. Grantham has been with CBRE for 33 years and has served in a number of leadership roles in both the Company’s geographic businesses and lines of business. Most recently, he led CBRE’s GWS Client Solutions organization globally, which encompasses sales and solutions, including contracting and pricing, as well as client strategy and management consulting teams.

“Curt is a proven leader with a keen understanding of our clients’ needs and our businesse’s capabilities,” said Mike Lafitte, CBRE’s Global Group President, Lines of Business. “In his new role, he will ensure we continue to deliver exceptional client outcomes, while capitalizing on opportunities to collaborate as well as share expertise and best practices.”

Prior to his GWS client solutions role Mr. Grantham was President of the Americas for the GWS business for CBRE. He will continue to be based in Charlotte.

In October CBRE strengthened its project management services with the acquisition of Heery International (now operating as CBRE | Heery), a leader in providing project management, design and commissioning services for a wide range of corporate, government, healthcare, sports, aviation and education 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 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.

Posted on November 1, 2017 by Retail News Editor

CBRE Group completes acquisition of project management and design engineering provider Heery International, Inc.

Los Angeles, 2017-Nov-01 — /EPR Retail News/ — CBRE Group, Inc. (NYSE: CBG) today (October 30, 2017) announced it has completed its previously-announced acquisition of Heery International, Inc. (Heery), the project management and design engineering business of the international infrastructure group, Balfour Beatty LLC.

Heery, based in Atlanta, is a leader in providing project management, design and commissioning services across the U.S., with a wide range of corporate, government, healthcare, sports, aviation and education clients.

“This acquisition advances our strategy to grow our project management expertise and capabilities. Heery has a strong track record of client service with many longstanding relationships spanning decades,“ said Mike Lafitte, CBRE’s Global Group President, Lines of Business. “Their deep project management expertise and strong leadership team are a great complement to CBRE’s existing capabilities in both our local market and account-based project management services.”

“We are particularly excited about Heery’s ability to deepen our relationships in the public and educational sectors, grow our position in such new vertical segments as aviation and sports, and add capabilities and expertise in design engineering services,” he added.

Heery will continue to be led by senior executives Ted Sak and Glenn Jardine. Heery’s professionals will collaborate closely with CBRE’s project management teams who deliver services in local markets across the U.S. as well as its professionals who execute account-based project management programs through its occupier outsourcing business line, Global Workplace Solutions.

“We believe our expertise is a great fit with CBRE’s focus on delivering comprehensive, fully integrated commercial real estate solutions,” said Mr. Jardine. “We look forward to working with our new CBRE colleagues across the country to provide these solutions to a broader range of corporate and institutional clients than ever before and achieving further growth in our core markets.”

Founded in 1952, Heery has approximately 535 employees in 19 U.S. offices, providing services including project management, architecture, engineering, interior design, and commissioning.

CBRE maintains the largest network of professional commercial real estate project managers worldwide. Its more than 5,000 specialists, including 350+ LEED-certified professionals, oversaw projects with a total contract value of more than $42 billion worldwide in 2016.

Forward-Looking Statements
Certain of the statements in this release regarding the acquisition of Heery International Inc. (Heery) 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 Heery professionals with our existing project management 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.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com

SOURCE: CBRE Group, Inc.

Posted on October 9, 2017 by Retail News Editor

CBRE to acquire project management, design and commissioning services provider Heery International, Inc

Los Angeles, 2017-Oct-09 — /EPR Retail News/ — CBRE Group, Inc. (NYSE: CBG) today (October 5, 2017) announced a definitive agreement to acquire Heery International, Inc. (Heery), the project management and design engineering business of the international infrastructure group, Balfour Beatty LLC.

Upon closing of the acquisition, Heery will continue to be led by its President Theodore Sak and its COO Glenn Jardine. Heery’s professionals will collaborate closely with CBRE’s project management teams who deliver services in local markets across the U.S. as well as its professionals who execute account-based project management programs through its corporate outsourcing business line, Global Workplace Solutions.

Founded in 1952, Heery has approximately 535 employees in 19 U.S. offices, providing services including project management, architecture, engineering, interior design, and commissioning.

The transaction is expected to close during the fourth quarter, subject to customary closing conditions. The business that CBRE is acquiring generally does not include, or CBRE is indemnified for, the at-risk construction management business within Heery International.

The purchase price is approximately $57 million. This reflects a multiple of approximately 6 times projected 2017 adjusted EBITDA attributed to the acquired Heery business, after giving effect for anticipated run-rate cost synergies as well as the net present value of expected tax benefits.

Forward-Looking Statements
Certain of the statements in this release regarding the agreement to acquire of Heery International Inc. (Heery) 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 Heery professionals with our existing project management 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.

Contact:
Steve Iaco
Senior Managing Director
+1 212 9846535

Source: CBRE

Posted on June 13, 2016 by EPR Retail News Editors

CBRE Group, Inc. announces the appointment of Tony Long as Global Director, Client Care

Los Angeles, CA, 2016-Jun-13 — /EPR Retail News/ — CBRE Group, Inc. today announced that Tony Long has been appointed Global Director, Client Care, a new position.

Mr. Long previously led CBRE’s Asset Services business globally, while also overseeing its Client Care initiative. The appointment of Mr. Long to lead Client Care on a full-time basis reflects the increased priority CBRE places on driving exceptional outcomes for its clients.

In his new role, Mr. Long will report to Mike Lafitte, Global Group President, Lines of Business and Client Care. “Client Care is one of our most important strategic initiatives,” Mr. Lafitte said. “It will benefit from Tony’s organizational skills, knowledge of CBRE and focus on enhancing our client relationships.”

Mr. Long has been with CBRE for more than 25 years and led Asset Services since 2011. He is a graduate of the University of Texas and Harvard Business School.

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

Posted on June 13, 2016 by EPR Retail News Editors

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

Posted on June 19, 2015 by EPR Retail News Editors

CBRE Group unveils new online magazine on trends, influences and ideas shaping the world told through the lens of the built environment

Commentary on trends, influences and ideas shaping the world, told through the lens of the built environment

Los Angeles, 2015-6-19 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today unveiled Blueprint, an online magazine dedicated to telling timely and insightful stories about the transformational role real estate plays in the world.

Blueprint is an opportunity to share the impact of real estate with the broad business community and across our industry, by leveraging the deep institutional knowledge and intellectual capital that lives inside CBRE,” said Mike Lafitte, CBRE’s chief operating officer. “We’ve been the market leader in our industry for years. With Blueprint, we have a unique platform for telling our stories in today’s digital landscape—stories that go beyond the day-to-day nature of our client relationships.”

Blueprint will feature thought-provoking content informed by urbanists, academics and leading thinkers, as well as CBRE global leaders, all unified by ideas that examine the built environment’s potential impact on business, cities and people.

The magazine will rely on interactive infographics, photo essays and videos to bring a wide array of subjects to life, including:

Looks at some of the world’s most iconic buildings, spaces and structures;
Tours of emerging and established neighborhoods across the globe;
Exploration of forward-thinking trends in workplace environments; and
Trends and issues in commercial real estate and their impact on everyday life.

Blueprint will also provide an additional platform for delivering CBRE’s industry-leading research insights.

“In the digital economy, the way brands communicate and connect has evolved. Our toolkit has expanded to include specialized web sites, apps and social platforms,” said Paul Suchman, CBRE’s chief marketing officer. “The content and focus of Blueprint allow us to tell stories directly through a best-in-class experience, intended to drive deeper interactions and value exchanges with all of our stakeholders.”

Blueprint can be accessed at blueprint.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 (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