$CBG (CBRE Group, Inc.)

$CBG {{ '2015-08-03T13:05:22+0000' | timeago}} • Announcement

$CBG CBRE Group announced that it is in discussions with lenders about potential of adding $300MM tranche of term loans under its existing credit agreement. CBG expects that it would draw down this new term loan facility on or prior to closing of its previously announced acquisition of Global Workplace Solutions business of Johnson Controls, Inc.

$CBG {{ '2017-07-13T12:45:47+0000' | timeago}} • Announcement

$CBG acquired the business of Convergences-CVL, a full service retail property consultancy based in Paris, France. Jerome Le Grelle will assume the role of Head of Retail for $CBG in France.

$CBG {{ '2017-06-09T13:41:50+0000' | timeago}} • Announcement

$CBG has entered into a definitive agreement to acquire a majority interest in Toronto-based Caledon Capital Management. After completion of the deal, Caledon will be renamed CBRE Caledon Capital Management and will operate as a separate unit under CBRE Group subsidiary CBRE Global Investors. The deal is expected to close later this year.

$CBG {{ '2017-05-22T13:25:43+0000' | timeago}} • Announcement

$CBG elected Beth Cobert to its BoD. Cobert is an accomplished executive with more than 30 years of experience in the private and public sectors. She is a former Senior Partner at McKinsey & Co.

$CBG {{ '2017-05-15T20:35:45+0000' | timeago}} • Announcement

$CBG has acquired the business of Brenner Real Estate Group, a full-service commercial real estate services firm in South Florida. The acquisition bolsters $CBG's capabilities in South Florida. Terms of the transaction were not disclosed.

$CBG {{ '2017-05-01T12:42:36+0000' | timeago}} • Announcement

$CBG  acquired Aurora Projects, a project advisory and management company in Australia. The acquisition significantly strengthens $CBG's position as a leader in corporate real estate services in the Pacific (Australia and New Zealand) region.

$CBG {{ '2017-04-18T13:30:57+0000' | timeago}} • Announcement

$CBG acquired the business of Mainstream Software, a technology company that provides mobile and software-as-a-service (SaaS) technology solutions for facilities management operations.

$CBG {{ '2017-04-10T14:25:00+0000' | timeago}} • Announcement

$CBG appointed Brad Burke as Head of Investor Relations, effective June 8, 2017. Burke will join $CBG from $GS, where he has worked as an equity research analyst since 2013 and led research coverage of 17 commercial real estate companies, including $CBG.

$PLD {{ '2017-02-24T13:58:13+0000' | timeago}} • Announcement

Logistics real estate company $PLD and CBRE Global Investment Partners, a division of $CBG's affiliate CBRE Global Investors, formed a development venture in the U.K. The venture, called Prologis UK Logistics Venture, will be structured as a 15/85 JV with 15% owned by $PLD and 85% by clients of CBRE Global Investment, with about $1.26Bil value.

$CBG {{ '2017-02-13T14:16:18+0000' | timeago}} • Announcement

$CBG acquired the business of Capstone Financial Solutions LLC, a boutique commercial real estate finance and consulting firm in the U.S. Financial details of the deal were not disclosed.

$CBG {{ '2017-02-10T14:36:32+0000' | timeago}} • Webcast

$CBG expects its capital markets business, property sales and mortgage services to increase revenue at a low to mid single digit rate and leasing revenue to grow at a mid single digit range in 2017. The company also expects the occupier outsourcing business to achieve approx. 10% fee revenue growth in local currency in 2017.

$CBG {{ '2017-02-10T14:20:59+0000' | timeago}} • Webcast

$CBG stated that it has no debt repayments until 2019 and ended 2016 with more than $3.5Bil of available liquidity, including about $700MM of cash and $2.8Bil of undrawn capacity on the company's revolver credit facility. Global leasing revenue rose 6% and Asia-Pac posted double digit growth with revenue gains in nearly all countries.

$CBG {{ '2017-02-10T13:52:04+0000' | timeago}} • Webcast

$CBG said the company is taking a prudent approach to recruiting and M&A activity. For 2016, the company added hundreds of producers globally, net of departures, and invested in four infill acquisitions.

$CBG {{ '2017-02-10T12:27:01+0000' | timeago}} • Announcement

The Americas, $CBG’s largest business segment, posted a revenue increase of 6% in 4Q16 compared to a year ago quarter. Asia Pacific region's revenue grew 22%. EMEA revenue fell 3% when converted to U.S. dollars. In United Kingdom, revenue grew by 8% in local currency in the recently ended quarter.

$CBG {{ '2017-02-10T12:22:43+0000' | timeago}} • Announcement

For 2017, $CBG expects adjusted EPS to be $2.35-2.45. The company anticipates growth to be restricted by $0.06 per share headwind from adverse foreign currency movement. CEO Bob Sulentic said, “CBRE enters 2017 in a great position following very strong performance in 2016.”

$CBG {{ '2017-02-10T12:17:35+0000' | timeago}} • Announcement

$CBG reported a 47% increase in 4Q16 earnings, helped by higher revenues. Net income totaled $264MM or $0.78 per share compared to $180MM or $0.53 per share in the prior year quarter. Revenue rose 3% to $3.8Bil and fee revenue rose 4% to $2.7Bil. Adjusted EPS increased 15% to $0.93 in the recently ended quarter.

$CBG {{ '2017-01-04T11:59:06+0000' | timeago}} • Announcement

$CBG acquired Floored Inc., a producer of SaaS (Software as a Service) solutions, including scalable, interactive 3D graphics technology. Floored gives $CBG's professionals and clients access to advanced technology, and significantly rises capabilities to develop technology innovations that enhance marketing and leasing of commercial properties.

$CBG {{ '2016-12-12T13:41:24+0000' | timeago}} • Announcement

Commercial real estate services and investment firm $CBG acquired Skye Group, a provider of retail project management, shopping center development and tenant coordination services in the U.S. and Canada. Terms of the deal were not disclosed.

$CBG {{ '2016-12-12T13:40:58+0000' | timeago}} • Announcement

$CBG acquired Skye Group. Skye Group founder Bradley Sanders, will lead $CBG's retail project management business and report to its Americas leader, Project Management Services, Mark Fewin. The combined business will operate as CBRE I Skye.

$CBG {{ '2016-10-28T13:36:27+0000' | timeago}} • Announcement

$CBG's BoD authorized to repurchase up to an aggregate of $250MM of its Class A common shares over three years. CEO Bob Sulentic said the strength of balance sheet, considerable cash flow and resiliency of business gives $CBG the flexibility to return capital to shareholders.

$CBG {{ '2016-10-27T14:23:43+0000' | timeago}} • Announcement

$CBG continues to expect adjusted EPS for full year 2016 of $2.15-2.30, which represents solid growth of about 9% at the midpoint of the range. The company said it is well positioned to achieve strong long-term financial performance and widen its competitive advantage in the marketplace.

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