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), the world's largest commercial real estate services firm, provides investors and professionals with critical updates through this centralized news hub. Track official press releases, earnings announcements, and strategic developments impacting global property markets.
Key updates include: Quarterly financial results, acquisitions and partnerships, leadership appointments, and market analysis reports. This resource enables stakeholders to monitor CBRE's operational expansions, technology initiatives, and sustainability commitments across 100+ countries.
Bookmark this page for real-time insights into CBRE's leasing activity, investment management strategies, and facilities management innovations. Stay informed on how the company navigates evolving commercial real estate dynamics through data-driven solutions.
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.
The Board of Trustees of CBRE Global Real Estate Income Fund (NYSE: IGR) has announced that T. Ritson Ferguson has retired as President and CEO, effective January 1, 2022. Joseph P. Smith, previously the Chief Investment Officer, will succeed him while continuing as a Portfolio Manager. No changes to the investment philosophy or process at the Fund are expected. CBRE Investment Management, managing $141.9 billion in assets, remains committed to delivering sustainable investment solutions across various real asset categories.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) announced a monthly distribution of $0.1083 per share to shareholders recorded as of February 15, 2022. The distribution comprises:
- Net Investment Income: $0.1037 (96%)
- Net Realized Short-Term Capital Gains: $0.0044 (4%)
- Net Realized Long-Term Capital Gains: $0.0002 (0%)
- Return of Capital: $0
The Fund targets a sustainable monthly distribution per its managed distribution policy, although no guarantee is made about future distributions.
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