CBRE Group, Inc. Acquires Oklahoma-Based Affiliate Company
December 17 2014 - 5:00PM
Business Wire
CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired
CBRE | Oklahoma, a commercial real estate services firm that has
served as CBRE’s affiliate in Oklahoma City and Tulsa, Oklahoma,
and in northwest Arkansas since 1999.
CBRE | Oklahoma is one of the region’s leading providers of
leasing, investment sales, property management and corporate
services. The firm, led by co-founder Tom O’Brien and senior
leaders Cary Phillips and Lori Bryant, has a staff of 180 and
manages more than 18 million square feet in the region.
“Tom, Cary, Lori and their colleagues in Oklahoma and Arkansas
have built this firm into a regional leader,” said Michael Caffey,
Executive Managing Director, Texas Region, CBRE. “They also embrace
our corporate values and commitment to delivering exceptional
client outcomes. We look forward to working more closely than ever
with the team to build advantage for our clients.”
Oklahoma is a growing business center in the Southwest and has
been recognized for its favorable business climate. The energy,
aerospace and defense contracting sectors have been strong growth
drivers in the region.
“CBRE is a great fit for us both strategically and culturally,”
said Tom O’Brien, CBRE | Oklahoma’s co-founder. “Fully integrating
into CBRE’s premier global platform will allow us to expand the
depth and breadth of the services we offer to our clients.”
Mr. O’Brien will join CBRE, focusing on strategic client
relationships. Mr. Phillips will join CBRE as Managing Director,
Brokerage Services, and Ms. Bryant will join as Managing Director,
Asset Services. Also joining CBRE are CBRE | Oklahoma’s team of
professionals and staff.
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 (in terms of
2013 revenue). The Company has approximately 44,000 employees
(excluding affiliates), and serves real estate owners, investors
and occupiers through approximately 350 offices (excluding
affiliates) worldwide. CBRE offers strategic advice and execution
for property sales and leasing; corporate services; property,
facilities and project management; mortgage banking; appraisal and
valuation; development services; investment management; and
research and consulting. Please visit our website at
www.cbre.com.
“Safe Harbor” Statement Under the U.S. Private Securities
Litigation Reform Act of 1995
Certain of the statements in this release regarding the
acquisition of CBRE | Oklahoma 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. These forward-looking statements
involve risks and uncertainties, including, but not limited to, the
ability of the parties to successfully integrate CBRE | Oklahoma
with CBRE’s existing operations, as well as other risks and
uncertainties discussed in CBRE’s filings with the U.S. Securities
and Exchange Commission (SEC). Any forward-looking statements speak
only as of the date of this release and, except to the extent
required by applicable securities laws, CBRE expressly disclaims
any obligation to update or revise any of them to reflect actual
results, any changes in expectations or any change in events. If
CBRE does update one or more forward-looking statements, no
inference should be drawn that it 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 risks to CBRE’s business in general, please refer
to CBRE’s SEC filings, including its Annual Report on Form 10-K for
the fiscal year ended December 31, 2013 and its Quarterly Report on
Form 10-Q for the quarter ended September 30, 2014. Such filings
are available publicly and may be obtained off the Company's
website at www.cbre.com or upon request from the CBRE Investor
Relations Department at investorrelations@cbre.com.
CBRE Group, Inc.Steve IacoInvestor Relations212.984.6535orRobert
McGrathCorporate Communications212.984.8267
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