Welcome to our dedicated page for CBRE GROUP news (Ticker: CBRE), a resource for investors and traders seeking the latest updates and insights on CBRE GROUP stock.
CBRE Group, Inc. (NYSE: CBRE) is the world's largest commercial real estate services and investment firm, based on 2023 revenue. A Fortune 500 and S&P 500 company, CBRE is headquartered in Dallas and operates with a global workforce of over 130,000 employees, including Turner & Townsend employees, across more than 100 countries.
CBRE provides a wide range of integrated services, which cater to real estate owners, investors, and occupiers. These services include facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services; and development services.
The company's investment management arm manages over $140 billion for clients with diverse public and private real estate strategies. In addition, CBRE is at the forefront of ESG (Environmental, Social, and Governance) initiatives, leveraging technology to enhance sustainability and operational efficiency in the commercial real estate sector.
One of CBRE's recent significant advancements is its role in the burgeoning electric vehicle (EV) infrastructure market. The company has partnered with EV+, a provider of on-site electric vehicle charging infrastructure solutions, to deploy EV charging systems at 10,000 U.S. commercial properties over the next five years. This initiative addresses the increasing demand for convenient and reliable EV charging stations, promoting sustainable practices in commercial real estate.
CBRE also focuses on technology's impact on real estate, as highlighted during the Property Council of Australia's Technology Summit. The company emphasizes the importance of integrating intelligent building systems and harnessing data analytics to achieve ESG targets and improve property management.
Furthermore, CBRE has formed a strategic alliance with Zimmer Biomet Holdings, Inc. to develop and outfit orthopedic ambulatory surgery centers (ASC) in the U.S. This collaboration aims to combine CBRE's expertise in commercial real estate with Zimmer Biomet's leadership in medical technology to enhance patient care and access to advanced medical facilities.
For the latest updates and more information, visit CBRE's official website at www.cbre.com.
CBRE Group, Inc. (NYSE: CBRE) will announce its Q1 2022 financial results on May 5, 2022, at approximately 6:55 a.m. Eastern time. A conference call is scheduled for 8:30 a.m. Eastern time on the same day to discuss these results. Investors can access the call through the Investor Relations section of the company’s website, which will also feature a supplementary slide presentation. The call will be available for replay for one week after the event. CBRE, headquartered in Dallas, is the largest commercial real estate services firm globally.
Trammell Crow Company (TCC) has partnered with Altus Power (NYSE: AMPS) to integrate clean electrification solutions in TCC's real estate projects. This multi-year partnership aims to implement solar power generation, battery storage, and EV charging across 35 million sq. ft. of U.S. industrial assets, generating 300 MW of solar power in the next three to four years. TCC's CEO, Mike Lafitte, highlighted the partnership's potential to reduce the carbon footprint, while Altus Power's Co-CEO, Lars Norell, emphasized opportunities in the commercial solar market.
CBRE Investment Management and Altus Power have announced a partnership to establish rooftop community solar projects in Maryland. This initiative aims to deliver renewable energy for roughly 5,700 residential customers and CBRE IM logistics tenants. The solar systems, totaling approximately 20MW, will provide power to both commercial and residential users, with 30% allocated to low and moderate-income households. This collaboration enhances CBRE IM's sustainability goals and supports their clean energy transition, according to executives from both companies.
Nate Paul's World Class Holdings has sold a 64-property self-storage portfolio to CBRE and William Warren Group for $588 million. Spanning over 4.1 million rentable square feet across 10 states including Texas and Ohio, this transaction marks one of the largest private deals in the self-storage sector. The facilities were previously managed by Great Value Storage and do not include properties in California. World Class intends to continue investing in the self-storage sector with over 2 million square feet of developments underway.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) announced a monthly distribution of $0.1083 per share for shareholders as of the record date March 15, 2022. The distribution primarily comes from net investment income (96%) and net realized short-term capital gains (4%). For the fiscal year to date, the cumulative distribution per share is $0.3249, representing a total return of 2.29% in relation to net asset value (NAV). The Fund employs a managed distribution policy to provide consistent monthly distributions, subject to Board review.
CBRE Group, Inc. has been ranked as the top firm for commercial real estate investment sales globally for the 11th consecutive year in 2021, according to Real Capital Analytics. The company achieved a 24% market share globally, surpassing its nearest competitors. Regionally, CBRE led in the Americas (23%), Asia Pacific (28%), and Europe, Middle East & Africa (24%). CBRE also held the top position in multiple property types, including industrial (31%) and retail (21%).
CBRE Global Real Estate Income Fund (IGR) announced a 20% increase in its monthly distribution rate from $0.05 to $0.06 per share, reflecting confidence in future global real estate stocks. The new distribution rate, effective from March 2022, is part of the Fund's policy to align distributions with net investment income and capital gains. Currently, IGR's annualized distribution rate stands at 9.0% based on a market price of $8.03. The Fund's performance included a -12.91% cumulative total return for the fiscal year to date.
CBRE Group, Inc. (NYSE:CBRE) announced its decision to discontinue most of its operations in Russia due to the ongoing conflict in Ukraine. The company is exiting its Moscow office, which represents less than 1% of its 2021 global revenue, and is terminating two affiliate relationships in the country. While CBRE will continue to support existing multinational clients, it expressed regret over the impact on its Russian employees. The company has also actively condemned Russia's invasion of Ukraine and is providing assistance to its Ukrainian affiliate.
CBRE Group, Inc. (NYSE:CBRE) announced the appointment of Susan Meaney to its Board of Directors. Meaney, who has extensive experience in real estate investments, previously served as Managing Director at Makena Capital Management and is a founding partner. She will also join the Board's Audit Committee and participate in the upcoming Annual Stockholder Meeting. Brandon Boze, Board Chair, expressed that Meaney's investment-operator mindset will add value to CBRE’s growth strategy in real estate investments. She holds degrees from Stanford University and Dartmouth.
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