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CBRE GROUP, INC. - CBRE STOCK NEWS

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.

News

Boosting Office Attendance: Selling & Delivering Workplace Value to Employees

Rhea-AI Summary
CBRE Group, Inc. and CoreNet Global conducted a survey revealing that companies and employees are not aligned on office attendance expectations. While 92% believe the office is important for corporate success, there is a disconnect between leadership's expectations and actual employee behavior. The report provides recommendations for aligning employee attendance with corporate goals, with data showing that actual office attendance is 2.8 days per week, lower than the desired 3.4 days. This misalignment presents an opportunity for companies to improve employee attendance and align behaviors with expectations.
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Arlington Capital Partners to Sell J&J Worldwide Services to CBRE

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Arlington Capital Partners has agreed to sell J&J Worldwide Services to CBRE Group Inc. for up to $1.05 billion. J&J is a leading provider of essential, preventative maintenance activities to the U.S. Federal Government with over 250 hospitals, clinics, and military installations and 3,300 employees globally. The purchase price includes $800 million of upfront cash and up to $250 million of contingent consideration. The acquisition is expected to close in the coming months.
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CBRE Group, Inc. Expands Public Sector Capabilities with Agreement to Acquire J&J Worldwide Services

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CBRE Group, Inc. (NYSE:CBRE) has announced the acquisition of J&J Worldwide Services for $800 million in cash, with a potential earn-out of $250 million. J&J is projected to produce over $525 million in revenue and $65 million in EBITDA in 2024. The acquisition is expected to be accretive to CBRE’s earnings in 2024 and will enhance its technical services capabilities, increase revenue resilience, and expand its government client base within Global Workplace Solutions. J&J primarily serves the U.S. Department of Defense through long-term, fixed-price contracts, and employs over 3,300 people worldwide, serving more than 250 hospitals, clinics, and military installations worldwide.
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Fortune Names CBRE a World’s Most Admired Company for 14th Straight Year

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CBRE Group, Inc. (NYSE:CBRE) has been named to Fortune’s World’s Most Admired Companies roster for the 14th year in a row. The company led the real estate sector in six performance attributes and placed second in three others. Fortune evaluated 660 companies from 29 countries, with CBRE consistently showing strong corporate reputation. Bob Sulentic, CBRE’s chair and CEO, attributed this success to the company's focus on excellence and its people's dedication.
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CBRE Leads U.S. Investment Sales Activity in 2023 for 18th Consecutive Year

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CBRE has been ranked as the top firm for commercial real estate investment sales in the U.S. by MSCI Real Assets for the 18th consecutive year. They achieved a 14.2% market share across all property types in 2023, outperforming the next highest competitor by 620 basis points. CBRE also held the top spot in MSCI’s U.S. rankings across the five largest asset classes—office, industrial, retail, multifamily, and hotels.
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Momentum Growing for Use of Building Performance Standards To Support Commercial Real Estate Decarbonization

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CBRE Group, Inc. analyzes the financial impact and upsides of regulations aimed at reducing buildings' carbon emissions in the real estate sector. The report identifies actions to aid compliance with building performance standards (BPS) being implemented in ten local U.S. jurisdictions, including financial penalties for non-compliance. The potential financial impact for a 500,000 sq. ft. office building that fails to meet energy- or emissions-reduction mandates in cities with active BPS policies is analyzed, revealing a reduction in net operating income (NOI) by 5.1 to 5.8%. The report emphasizes the need for a strategic approach to sustainability as a prerequisite for any major capital investment, outlining the importance of cooperation between building owners and tenants through green lease clauses and submetering. Momentum is growing for more BPS implementation, and the industry's understanding of the urgent need to act is advancing every day.
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MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for January 2024 and Availability of 19(a) Notice

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MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) announced its monthly distributions for January 2024, with a current annualized distribution rate of 11.06% based on the closing price and 9.75% based on the Fund's closing NAV. The Fund's Ex-Dividend Date is 1-25-2024, Record Date is 1-26-2024, and Payable Date is 1-31-2024.
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CBRE Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for January, February and March and Announces a Webinar with Portfolio Management

Rhea-AI Summary
CBRE Global Real Estate Income Fund (IGR) has declared three distributions of $0.06 per share for the months of January, February, and March 2024, totaling $0.18 per share. The current annualized distribution rate is 13.4% based on the closing market price of $5.36 on January 4, 2024, and 11.9% based on a closing NAV of $6.07 as of the same date. The Fund's distribution policy is subject to change, and future earnings cannot be guaranteed. IGR is a closed-end fund traded on the NYSE, primarily investing in real estate securities.
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CBRE Group, Inc. Announces Details of Conference Call and Webcast for Fourth Quarter 2023 Financial Results

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CBRE Group, Inc. (NYSE: CBRE) will release its Q4 2023 financial results on February 15, 2024. A conference call will be held to discuss the results. The event will be webcast live and accessible through the Investor Relations section of the company’s website at www.cbre.com.
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MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for December 2023 and Availability of 19(a) Notice

Rhea-AI Summary
MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) announced monthly distributions for December 2023 of $0.1250 per common share. The current annualized distribution rate is 11.80% based on the closing price of $12.71 on December 12, 2023, and 10.07% based on the Fund's closing NAV of $14.90 on the same date.
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FAQ

What is the current stock price of CBRE GROUP (CBRE)?

The current stock price of CBRE GROUP (CBRE) is $135.43 as of November 22, 2024.

What is the market cap of CBRE GROUP (CBRE)?

The market cap of CBRE GROUP (CBRE) is approximately 41.1B.

What services does CBRE Group, Inc. provide?

CBRE offers facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

Where is CBRE Group, Inc. headquartered?

CBRE is headquartered in Dallas, Texas.

How many employees does CBRE have?

CBRE employs over 130,000 people, including Turner & Townsend employees, worldwide.

What recent initiatives has CBRE undertaken in the EV infrastructure market?

CBRE has partnered with EV+ to deploy electric vehicle charging systems at 10,000 U.S. commercial properties over the next five years.

What is CBRE's approach to ESG initiatives?

CBRE leverages technology to enhance sustainability and operational efficiency in commercial real estate, aiming to meet ESG targets through intelligent building systems and data analytics.

How does CBRE support the healthcare sector?

CBRE has partnered with Zimmer Biomet Holdings, Inc. to develop and outfit orthopedic ambulatory surgery centers (ASC) in the U.S., combining real estate expertise with advanced medical technology.

What is the focus of CBRE's investment management arm?

CBRE's investment management arm manages over $140 billion for clients across diverse public and private real estate strategies.

What are the core markets served by CBRE?

CBRE serves real estate owners, investors, and occupiers in more than 100 countries worldwide.

How does CBRE leverage technology in real estate?

CBRE integrates technology to make buildings more intelligent, improve operational efficiency, and achieve sustainability goals.

Where can I find more information about CBRE Group, Inc.?

For more information, visit CBRE's official website at www.cbre.com.

Stock CBRE logo
CBRE GROUP, INC.

NYSE:CBRE

CBRE Rankings

#331 Ranked by Market Cap
N/A Ranked by Dividends

CBRE Stock Data

41.09B
303.97M
0.55%
98.04%
1.57%
Real Estate Services
Real Estate
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United States of America
DALLAS