CBRE Group, Inc. is an American
commercial real estate services and investment firm.[2] The abbreviation CBRE stands for Coldwell Banker Richard Ellis. It is the world's largest commercial real estate services and investment firm (based on 2022 revenue).[3][4][5]
The firm is ranked 135th on the
Fortune 500 and has been included in the Fortune 500 every year since 2008.[6] CBRE serves more than 95+ of the top 100 companies on the Fortune 100.[7] It is one of the "Big 4" commercial real estate services companies, alongside
Cushman & Wakefield,
Colliers, and
JLL. [8]
Services
CBRE provides services to both occupiers of and investors in real estate.
For occupiers, CBRE provide facilities management, project management, transaction (both property sales and leasing) and consulting services and valuation among others.
For investors, CBRE provide capital markets (property sales, commercial mortgage brokerage, loan origination and servicing), property leasing, investment management, property management, valuation and development services, among others.[7]
History
In 1906, Tucker, Lynch & Coldwell, the earliest predecessor to CBRE, was established.
In 1913, the company added Benjamin Arthur Banker as a partner, and it changed its name in 1918 to Coldwell, Kern & Banker. In 1919, the name became Coldwell, Kern, Cornwall & Banker, and in 1920, Coldwell, Cornwall & Banker. Cornwall retired in 1940, and the company name changed again to Coldwell, Banker & Company, which was shortened to
Coldwell Banker in 1974.[9][10]
In 1981, Coldwell Banker was acquired by
Sears.[11]
In 1989, Sears sold Coldwell Banker's commercial unit to a management-led buyout group including
The Carlyle Group for approximately $300 million.[12][13][14] After the buyout, the company was renamed CB Commercial Real Estate Group.[15] The residential group retained the Coldwell Banker name.[14]
CBRE Group, Inc. is an American
commercial real estate services and investment firm.[2] The abbreviation CBRE stands for Coldwell Banker Richard Ellis. It is the world's largest commercial real estate services and investment firm (based on 2022 revenue).[3][4][5]
The firm is ranked 135th on the
Fortune 500 and has been included in the Fortune 500 every year since 2008.[6] CBRE serves more than 95+ of the top 100 companies on the Fortune 100.[7] It is one of the "Big 4" commercial real estate services companies, alongside
Cushman & Wakefield,
Colliers, and
JLL. [8]
Services
CBRE provides services to both occupiers of and investors in real estate.
For occupiers, CBRE provide facilities management, project management, transaction (both property sales and leasing) and consulting services and valuation among others.
For investors, CBRE provide capital markets (property sales, commercial mortgage brokerage, loan origination and servicing), property leasing, investment management, property management, valuation and development services, among others.[7]
History
In 1906, Tucker, Lynch & Coldwell, the earliest predecessor to CBRE, was established.
In 1913, the company added Benjamin Arthur Banker as a partner, and it changed its name in 1918 to Coldwell, Kern & Banker. In 1919, the name became Coldwell, Kern, Cornwall & Banker, and in 1920, Coldwell, Cornwall & Banker. Cornwall retired in 1940, and the company name changed again to Coldwell, Banker & Company, which was shortened to
Coldwell Banker in 1974.[9][10]
In 1981, Coldwell Banker was acquired by
Sears.[11]
In 1989, Sears sold Coldwell Banker's commercial unit to a management-led buyout group including
The Carlyle Group for approximately $300 million.[12][13][14] After the buyout, the company was renamed CB Commercial Real Estate Group.[15] The residential group retained the Coldwell Banker name.[14]