CB Richard Ellis
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Formerly called
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CBRE Group |
|---|---|
| Public | |
| Traded as | : CBG S&P 500 Component |
| Industry | Real estate |
| Founded | 1906 |
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Number of locations
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372 (2015) |
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Area served
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Worldwide |
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Key people
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| Products | Commercial real estate services |
| Revenue |
 US$11.0 billion (2015)
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US$792.3 million (2014)
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US$ 513.5 million (2014)
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| Total assets |
US$7.7 billion (2014)
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| Total equity |
US$2.3 billion (2014)
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Number of employees
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70,000 (2016) |
| Website | cbre |
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Footnotes / references Number of employees, number of locations; financials (revenue, income, assets, equity) |
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CBRE Group, Inc. is an American commercial real estate company with headquarters in Los Angeles, California. As of its successful 2011 bid to acquire part of ING, CBRE was the world's largest real estate investment manager. CBRE was ranked at 363 in the Fortune 500 in 2014 and was the highest-ranked company in the real estate sector.
Following the 1906 San Francisco earthquake, Tucker, Lynch & Coldwell was established on August 27, 1906, and renamed Coldwell, Banker & Company in 1940. In 1989, in a leveraged buyout, CB Commercial was spun off as a privately held company, CB Commercial Real Estate Group Inc., from Coldwell Banker which, after financial difficulties, was later acquired by Realogy. Following CB Commercial’s 1998 acquisition of Richard Ellis International Limited, which traced its roots to London in 1773, the company changed its name to CB Richard Ellis.
In June 2004, CBRE began trading on the . In 2005, CBRE was first recognized as a Fortune 1000 company, and in 2006 it was added to the S&P 500. In late 2006, CBRE merged with Trammell Crow Company in a transaction valued at $2.2 billion.
In February 2011, CBRE won in auction the right to buy ING's real estate investment management business in Europe and Asia (Asia acquisition completed in October 2011) as well as ING's United States–based Clarion Real Estate Securities division, making CBRE the "world's biggest real estate investment manager". The agreement also included ING's listed securities business.
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Wikipedia