CBRE Group

CBRE Group, Inc. Announces Details of Conference Call and Webcast for First Quarter 2024 Financial Results

Retrieved on: 
Monday, April 8, 2024
Commercial Building & Real Estate, Construction & Property, Professional Services, Finance, CBRE Group

CBRE Group, Inc. (NYSE: CBRE) will release its first quarter 2024 financial results at approximately 6:55 a.m. Eastern time on Friday, May 3, 2024.

Key Points: 
  • CBRE Group, Inc. (NYSE: CBRE) will release its first quarter 2024 financial results at approximately 6:55 a.m. Eastern time on Friday, May 3, 2024.
  • Management will hold a conference call to discuss these results at 8:30 a.m. Eastern time on that same day (Friday, May 3, 2024).
  • The event will be webcast live and accessible through the Investor Relations section of the company’s website at www.cbre.com , along with a supplemental slide presentation, which is also available on that section of the website.
  • The conference call dial-in details are as follows:

Fortune Names CBRE One of America’s Most Innovative Companies

Retrieved on: 
Wednesday, March 27, 2024
Commercial Building & Real Estate, Construction & Property, Publishing, Building Systems, Communications, Urban Planning, REIT, Interior Design, CBRE, Culture, Marketing, Creativity, CBRE Group, Most, Creative industries

CBRE Group, Inc. (NYSE:CBRE) today announced that it has been named to Fortune’s Most Innovative Companies roster for the second year in a row.

Key Points: 
  • CBRE Group, Inc. (NYSE:CBRE) today announced that it has been named to Fortune’s Most Innovative Companies roster for the second year in a row.
  • Less than 2% of the companies evaluated are deemed “most innovative” and CBRE is the only commercial real estate services company to receive this recognition.
  • “This approach enables innovative solutions that consistently surpass our clients’ expectations.”
    Fortune and its research partner Statista score companies on three dimensions: product innovation, process innovation and innovation culture.
  • Drawing from a universe of some 15,000 companies, Fortune evaluated U.S. companies on a 100-point scale to determine the Most Innovative Companies.

CBRE Named as One of the 2024 World’s Most Ethical Companies for 11th Consecutive Year

Retrieved on: 
Monday, March 4, 2024
Consulting, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Professional Services, Environmental, Social and Governance (ESG), DEI (Diversity, Equity and Inclusion), Asset Management, Other Construction & Property, Finance, Ethics, Culture, CBRE, Respect, Chief, ESG, CBRE Group, Organization, Trust, Integrity

CBRE Group, Inc. (NYSE:CBRE) has received the 2024 World’s Most Ethical Companies ® recognition from Ethisphere, a global leader in defining and advancing the standards of ethical business practices.

Key Points: 
  • CBRE Group, Inc. (NYSE:CBRE) has received the 2024 World’s Most Ethical Companies ® recognition from Ethisphere, a global leader in defining and advancing the standards of ethical business practices.
  • This is the 11th consecutive year CBRE has earned this distinction.
  • “At CBRE, responsible, ethical decision-making is at the core of everything we do,” said Elizabeth Atlee, CBRE’s Chief Ethics & Compliance Officer.
  • This recognition reinforces our reputation and commitment as a world-class ethical company.”
    “It’s always inspiring to recognize the World’s Most Ethical Companies®.

Red Robin Gourmet Burgers, Inc. Completes Third Sale-Leaseback Transaction With Essential Properties Realty Trust, Inc.

Retrieved on: 
Monday, March 4, 2024
Retail, Restaurant, Bar, Other Retail, Commercial Building & Real Estate, Construction & Property, Food, Beverage, Partnership, CBRE Group, Sale, Commercial property

Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) (“Red Robin” or the “Company”), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced it completed a third Sale-Leaseback transaction with Essential Properties Realty Trust, Inc. (NYSE: EPRT) to sell and simultaneously lease-back ten owned properties.

Key Points: 
  • Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) (“Red Robin” or the “Company”), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced it completed a third Sale-Leaseback transaction with Essential Properties Realty Trust, Inc. (NYSE: EPRT) to sell and simultaneously lease-back ten owned properties.
  • The transaction generated gross proceeds of approximately $24 million.
  • The Company anticipates net proceeds of approximately $23 million will be used to repay debt, pursuant to the Company’s Credit Agreement.
  • This transaction adds another ten well-located restaurants to our portfolio, leased on a long-term basis to a high-quality tenant.”
    CBRE Group served as an advisor to Red Robin on the transaction.

CBRE Climbs to No. 3 on Barron’s Most Sustainable U.S. Companies List

Retrieved on: 
Wednesday, February 28, 2024
Professional Services, Environmental, Social and Governance (ESG), Environment, Sustainability, Commercial Building & Real Estate, Construction & Property, CDP, Climate change, CBRE Group, CBRE, Face, Climate, Carbon, Partnership

3 on the Barron’s list of the 100 most sustainable U.S.-based companies for 2024 – up from No.

Key Points: 
  • 3 on the Barron’s list of the 100 most sustainable U.S.-based companies for 2024 – up from No.
  • This is the seventh consecutive year that CBRE has made the top 100 list.
  • The 1,000 largest U.S.-based publicly traded companies are evaluated under the Barron’s program.
  • The A- score is within CDP’s Leadership band, reserved for companies implementing best practices in climate change governance.

CBRE Group, Inc. Closes Acquisition of J&J Worldwide Services

Retrieved on: 
Tuesday, February 27, 2024
Other Defense, Professional Services, Contracts, White House, Federal Government, Commercial Building & Real Estate, Defense, Construction & Property, Engineering, REIT, Finance, Military, Public Policy, Government, Manufacturing, Acquisition, Hospital, J&J, CBRE, Arlington Capital Partners, Federation, CBRE Group, Element, Brooke Army Medical Center

CBRE Group, Inc. (NYSE:CBRE) and Arlington Capital Partners today announced CBRE’s completion of its acquisition of J&J Worldwide Services, a leading provider of engineering services, base support operations and facilities maintenance for the U.S. federal government from Arlington, a Washington, D.C.-area private investment firm specializing in government regulated industries.

Key Points: 
  • CBRE Group, Inc. (NYSE:CBRE) and Arlington Capital Partners today announced CBRE’s completion of its acquisition of J&J Worldwide Services, a leading provider of engineering services, base support operations and facilities maintenance for the U.S. federal government from Arlington, a Washington, D.C.-area private investment firm specializing in government regulated industries.
  • J&J primarily serves the U.S. Department of Defense through long-term, fixed-price contracts.
  • It serves such facilities as Brooke Army Medical Center, Walter Reed National Military Medical Center and the United States Naval Academy.
  • “The acquisition is consistent with key elements of our M&A strategy that focus on enhancing our technical services capabilities, increasing revenue resilience and secular growth, and expanding our government client base within our Global Workplace Solutions segment,” said Bob Sulentic, chair & chief executive officer of CBRE.

Guy Metcalfe to Join CBRE Group, Inc. Board of Directors

Retrieved on: 
Friday, February 23, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Trizec Properties, Liberty Property Trust, Growth, Duke Realty, CBRE, EQ Office, Ivey Business School, CBRE Group, University, Business administration, Morgan Stanley, Management

CBRE Group, Inc. (NYSE:CBRE) today announced that Guy A. Metcalfe has been appointed to the company’s Board of Directors, effective February 26, 2024.

Key Points: 
  • CBRE Group, Inc. (NYSE:CBRE) today announced that Guy A. Metcalfe has been appointed to the company’s Board of Directors, effective February 26, 2024.
  • In more than 30 years at Morgan Stanley, Mr. Metcalfe advised clients on over $850 billion of transactions.
  • He has served as a trusted strategic advisor to CBRE and helped to consummate notable capital-raising, mergers and acquisitions and capital markets transactions for the company.
  • Bob Sulentic, CBRE’s chair and chief executive officer, said: “Guy is one of the premier strategic advisors in the real estate industry.

CBRE Named Top Real Estate Brand in Lipsey Survey for 23rd Consecutive Year

Retrieved on: 
Wednesday, February 21, 2024
Commercial Building & Real Estate, Construction & Property, Trammell Crow Company, CBRE Group, CBRE

CBRE Group, Inc. (NYSE: CBRE) has been named the top global brand in commercial real estate by The Lipsey Company for the 23rd consecutive year.

Key Points: 
  • CBRE Group, Inc. (NYSE: CBRE) has been named the top global brand in commercial real estate by The Lipsey Company for the 23rd consecutive year.
  • CBRE’s development services subsidiary, Trammell Crow Company, was the top-ranked pure development company for the sixth consecutive year.
  • A training and professional development firm specializing in commercial real estate, Lipsey has surveyed commercial real estate professionals on their perceptions of the industry’s leading brands since 2002.
  • CBRE has been ranked number one every year that Lipsey has conducted its survey of property owners, investors, lenders, occupiers, brokers and property managers.

CBRE Group, Inc. Announces Pricing of $500 Million Senior Notes Offering

Retrieved on: 
Tuesday, February 20, 2024
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Acquisition, EDGAR, Sale, Debt-to-GDP ratio, Wells Fargo, CBRE Group, BofA Securities, Security (finance), HSBC

CBRE Group, Inc. (NYSE:CBRE) (the “Company”) today announced the pricing of the offering of $500 million in aggregate principal amount of 5.500% Senior Notes due 2029 (the “Notes”).

Key Points: 
  • CBRE Group, Inc. (NYSE:CBRE) (the “Company”) today announced the pricing of the offering of $500 million in aggregate principal amount of 5.500% Senior Notes due 2029 (the “Notes”).
  • The Company’s wholly owned subsidiary, CBRE Services, Inc., will issue the Notes, which are guaranteed on a full and unconditional basis by the Company.
  • The Company estimates that the net proceeds from the offering will be approximately $495 million, after deducting the underwriters’ discounts and estimated offering expenses.
  • Wells Fargo Securities, LLC, BofA Securities, Inc. and HSBC Securities (USA) Inc. are acting as joint book-running managers for the offering of the Notes.

CBRE Group, Inc. Expands Public Sector Capabilities with Agreement to Acquire J&J Worldwide Services

Retrieved on: 
Monday, February 5, 2024
Professional Services, Contracts, White House, Federal Government, Commercial Building & Real Estate, Hospitals, Defense, Construction & Property, Building Systems, REIT, Finance, Military, Health, Public Policy, Government, Growth, Simpson Thacher & Bartlett, CBRE, Element, CBRE Group, Federation, Arlington Capital Partners, Acquisition, J&J, Citigroup, Hospital

In 2024, J&J is projected to produce more than $525 million of revenue and approximately $65 million of EBITDA1, continuing its recent track record of low double-digit annual growth.

Key Points: 
  • In 2024, J&J is projected to produce more than $525 million of revenue and approximately $65 million of EBITDA1, continuing its recent track record of low double-digit annual growth.
  • Additionally, CBRE expects to benefit from tax attributes and synergies arising from the transaction.
  • Citi is acting as financial advisor and Simpson Thacher & Bartlett LLP and ArentFox Schiff LLP are acting as legal advisors to CBRE.
  • J.P. Morgan Securities LLC is acting as financial advisor to J&J and Sheppard Mullin Richter & Hampton LLP as legal advisor to J&J and Arlington Capital Partners.