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.

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Robert McGrath
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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
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Corey Mirman
Specialist, Sr Communication
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CBRE report: The balance between landlord-favorable market and tenant-favorable market approaches tipping point in several major U.S. cities

Healthy job growth and limited new construction in downtown areas is creating a supply-demand imbalance that puts landlords back in the driver’s seat, according to CBRE report

​Los Angeles, California, 2014-9-23— /EPR Retail News/ — The delicate balance between a landlord-favorable market and a tenant-favorable market is approaching a tipping point in several major U.S. cities, according to CBRE’s latest OccupierView report, which analyzes the nation’s office markets from the tenant perspective. Tightening conditions are challenging tenants in most downtown areas from both cost and availability perspectives, the report finds, though there is little change in the suburban office markets.

The U.S. vacancy rate gradually declined over the past three years and is at the mid-point between its pre-recession low and recessionary peak (14.5% in Q2 2014). Downtown markets in Denver, Houston, San Francisco, Manhattan, Atlanta, Boston and Seattle are landlord-favorable, while Dallas-Ft. Worth, Los Angeles, Philadelphia, Chicago and Washington, D.C., are still tenant-favorable, but approaching a tipping point.

“By virtually all metrics, the second quarter of 2014 was one of the most robust in years in the office market with more than 15 million sq. ft. of positive net absorption—the highest quarterly figure since 2007,” said Colin Yasukochi, director of research and analysis for CBRE. “Healthy job growth and historically low levels of new construction means that companies need more space to put these employees, but with limited new supply, we’re now seeing a supply-demand imbalance in many key markets. This is very positive for landlords, but challenging for tenants.”

“Tightening labor markets and rising rents are causing tenants to be more focused on location strategies,” said Whitley Collins, who leads CBRE’s Occupier Services Division in the Americas. “As we move toward owner-favorable markets in some downtown areas, tenants who have leases coming due in the next three to five years need to lock in long-term leases in downtown areas now, or consider relocation to a suburban office market where tenants continue to be in the driver’s seat.”

Leasing activity in almost every market is being led by the high-tech sector. High-tech companies accounted for 19.9 percent of all U.S. major leasing activity* in the first half of 2014. Financial services and business services were the second and third most active sectors, at 12.4 percent and 10.6 percent, respectively.

*Major leasing activity reflects the 25 largest leases completed in the top 57 U.S. office markets each quarter.

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
T +1 949 7258591
email

Corey Mirman
T +1 212 9846542
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