CBRE Group, Inc. Acquires Brenner Real Estate Group
May 15 2017 - 4:15PM
Business Wire
Acquisition bolsters CBRE’s capabilities in
South Florida
CBRE Group, Inc. (NYSE: CBG) today announced that it has
acquired the business of Brenner Real Estate Group (BREG), a
full-service commercial real estate services firm in South Florida.
The acquisition bolsters CBRE’s capabilities in South Florida,
where the company is a premier provider of integrated solutions for
property investors and occupiers.
Founded in 1987, the firm is led by Scott Brenner, and includes
a team of more than 20 professionals, based in Ft. Lauderdale, Boca
Raton and Melbourne, Florida. BREG’s team is well-integrated into
the South Florida market and provides comprehensive real estate
services including leasing brokerage, investment sales and property
management.
“The BREG professionals are a great complement to our
capabilities in South Florida,” said Arden Karson, senior managing
director for South Florida, CBRE. “They have a strong reputation
for excellence in client service and will add particular expertise
and resources in Broward and Palm Beach counties, and in our law
firm, land services and healthcare specialty groups. We are very
excited about our enhanced offering for South Florida clients.”
“We are excited to join CBRE and will benefit significantly from
the wide range of expertise and resources that are now available to
us,” said Mr. Brenner, president and CEO, Brenner Real Estate
Group. “CBRE’s national and global footprint and broad service
offering will enable us to meet more of our client needs and expand
opportunities for our professionals.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500
company headquartered in Los Angeles, is the world’s largest
commercial real estate services and investment firm (based on 2016
revenue). The company has more than 75,000 employees (excluding
affiliates), and serves real estate investors and occupiers through
approximately 450 offices (excluding affiliates) worldwide. CBRE
offers a broad range of integrated services, including facilities,
transaction and project management; property management; investment
management; appraisal and valuation; property leasing; strategic
consulting; property sales; mortgage services and development
services. Please visit our website at www.cbre.com.
Forward-Looking Statements
Certain of the statements in this release regarding the
acquisition of Brenner Real Estate Group (BREG), that do not
concern purely historical data are forward-looking statements
within the meaning of the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are made based on our management’s expectations and
beliefs concerning future events affecting us and are subject to
uncertainties and factors relating to our operations and business
environment, all of which are difficult to predict and many of
which are beyond our control. Accordingly, actual performance,
results and events may vary materially from those indicated in
forward-looking statements, and you should not rely on
forward-looking statements as predictions of future performance,
results or events. Numerous factors could cause actual future
performance, results and events to differ materially from those
indicated in forward-looking statements, including, but not limited
to, our ability to successfully integrate BREG with our existing
operations in the U.S., as well as other risks and uncertainties
discussed in our filings with the U.S. Securities and Exchange
Commission (SEC). Any forward-looking statements speak only as of
the date of this release. We assume no obligation to update
forward-looking statements to reflect actual results, changes in
assumptions or changes in other factors affecting forward-looking
information, except to the extent required by applicable securities
laws. If we do update one or more forward-looking statements, no
inference should be drawn that we will make additional updates with
respect to those or other forward-looking statements. For
additional information concerning factors that may cause actual
results to differ from those anticipated in the forward-looking
statements and other risks and uncertainties to our business in
general, please refer to our SEC filings, including our Form 10-K
for the fiscal year ended December 31, 2016 and our Form 10-Q for
the quarter ended March 31, 2017. Such filings are available
publicly and may be obtained from our website at www.cbre.com or
upon request from the CBRE Investor Relations Department at
investorrelations@cbre.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170515006055/en/
CBRE Group, Inc.Robert McGrath+1 212 984
8267robert.mcgrath@cbre.com
CBRE Group, Inc. (NASDAQ:CBRE)
Historical Stock Chart
From Mar 2024 to Apr 2024
CBRE Group, Inc. (NASDAQ:CBRE)
Historical Stock Chart
From Apr 2023 to Apr 2024