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) has been recognized in IAOP’s 2021 Global Outsourcing 100 list, marking its 15th consecutive year as a leading outsourcing service provider. This list is curated through a rigorous evaluation process by IAOP customer members with extensive outsourcing experience. Global CEO Jack Durburg highlighted this accolade as a testament to CBRE's strong platform and commitment to client satisfaction. CBRE continues to provide comprehensive commercial real estate services, strengthening its position in a competitive industry.
CBRE Group, Inc. (NYSE: CBRE) has appointed Tim Dismond as the company’s first Chief Responsibility Officer, expanding his role as Chief Diversity Officer to oversee all Environmental, Social & Governance (ESG) initiatives. This new position aims to elevate diversity, equity, inclusion, environmental sustainability, and other ESG efforts within the company. President and CEO Bob Sulentic emphasized Dismond's past contributions to diversity and expressed confidence in his ability to accelerate the firm's ESG programs. CBRE continues to be recognized for its commitment to gender equality and sustainability.
PREIT (NYSE: PEI) has partnered with CBRE to transform Plymouth Meeting Mall into a multi-use destination. This collaboration aims to diversify the mall's offerings by integrating non-retail sectors such as life sciences and education alongside retail and entertainment options. The mall currently features a range of dining and entertainment experiences, with nearly half of its space dedicated to these uses. Notable tenants include LEGOLAND Discovery Center, Whole Foods, and the impending Shake Shack. The initiative seeks to enhance the mall's value and attract a broader consumer base.
CBRE Group, Inc. (NYSE:CBRE) will announce its fourth quarter 2020 financial results on February 23, 2021, at 6:55 a.m. Eastern time, followed by a conference call at 8:30 a.m. The call will be webcast, available through their Investor Relations website, along with a supplementary slide presentation. Investors can access the live call via U.S. and international dialing options. A telephone replay will be available after the call, along with a webcast replay for 12 months. CBRE is recognized as the largest commercial real estate services firm globally, with over 100,000 employees and 530 offices worldwide.
CBRE Group (NYSE:CBRE) announced the approval of its science-based targets by the Science Based Targets initiative (SBTi), aiming for a 68% reduction in Scope 1 and 2 greenhouse gas (GHG) emissions by 2035 from a 2019 baseline. The firm will also achieve 100% renewable electricity by 2025 and plans to transition its vehicle fleet to electric vehicles. In terms of Scope 3 emissions, CBRE aims for a 79% reduction per square foot in managed facilities and a 67% reduction for investor properties by 2035. The company continues to be recognized for its sustainability efforts, ranking highly in the Dow Jones Sustainability Index.
CBRE Group, Inc. announced leadership changes in its Real Estate Investments segment and Trammell Crow Company. Mike Lafitte will become CEO of Trammell Crow, alongside his current role as CEO of Real Estate Investments, effective January 1, 2021. Matt Khourie transitions to Chief Investment Officer for Real Estate Investments and CIO of Trammell Crow on April 1, 2021. Adam Weers is promoted to COO of Trammell Crow on the same date. Trammell Crow Company continues to excel, ranking as the top commercial development firm in the U.S. for the seventh consecutive year.
CBRE Group, Inc. (NYSE:CBRE) announced that CFO Leah Stearns will present at the Goldman Sachs U.S. Financial Services Conference on December 9, 2020, at 2:40 p.m. Eastern time. The presentation will be available via live audio webcast on the company's Investor Relations website. A replay will be accessible within 24 hours and available for 90 days. CBRE is the world's largest commercial real estate services and investment firm, with over 100,000 employees and more than 530 offices globally, offering a wide range of integrated services.
CBRE Group, Inc. (NYSE:CBRE) has appointed Oscar Munoz, former Executive Chairman of United Airlines, to its Board of Directors. Munoz has a notable track record, having served as CEO of United from September 2015 to May 2020, leading significant operational improvements. His experience includes leadership roles at CSX Corp, PepsiCo, Coca-Cola, and AT&T. CBRE's Board Chair, Brandon Boze, expressed enthusiasm over Munoz's appointment, anticipating considerable benefits from his global expertise. CBRE, headquartered in Dallas, is the world's largest commercial real estate services firm, employing over 100,000 staff worldwide.
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