$CBG (CBRE Group, Inc.)

$CBG {{ '2016-01-04T14:13:21+0000' | timeago}} • Announcement

Commercial real estate company $CBG said it has purchased CBRE | Memphis, a commercial real estate services firm that has served as $CBG's affiliate in Memphis, Tennessee, since 1996. The combination of the CBRE | Memphis professionals with $CBG's existing corporate staff in the region now gives $CBG more than 500 employees in the Memphis area.

$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.

Recent Transcripts

CTO (Consolidated Tomoka Land Co.)
Thursday, July 20 2017 - 1:00pm
ABM (ABM Industries Incorporated)
Thursday, June 8 2017 - 12:30pm
ACM (AECOM)
Tuesday, May 9 2017 - 4:00pm
ARMK (Aramark)
Tuesday, May 9 2017 - 2:00pm
KW (Kennedy-Wilson Holdings, Inc.)
Friday, May 5 2017 - 2:00pm
JLL (Jones Lang LaSalle Incorporated)
Friday, May 5 2017 - 1:00pm
FLR (Fluor Corporation)
Thursday, May 4 2017 - 9:30pm
ITUB (Itaú Unibanco Holding S.A.)
Thursday, May 4 2017 - 2:30pm
BGCP (BGC Partners, Inc.)
Thursday, May 4 2017 - 2:00pm
FLR (Fluor Corporation)
Thursday, May 4 2017 - 1:30pm
RLGY (Realogy Holdings Corp.)
Thursday, May 4 2017 - 12:30pm
ICE (Intercontinental Exchange, Inc.)
Wednesday, May 3 2017 - 12:30pm
GOOD (Gladstone Commercial Corp.)
Wednesday, May 3 2017 - 12:30pm
ITG (Investment Technology Group, Inc.)
Wednesday, May 3 2017 - 12:00pm
CIGI (Colliers International Group Inc.)
Tuesday, May 2 2017 - 3:00pm
AHH (Armada Hoffler Properties, Inc.)
Tuesday, May 2 2017 - 12:30pm
WPG (WP GLIMCHER Inc.)
Thursday, April 27 2017 - 5:00pm
WRE (Washington Real Estate Investment Trust)
Thursday, April 27 2017 - 3:00pm
EME (EMCOR Group Inc.)
Thursday, April 27 2017 - 2:30pm
JMP (JMP Group LLC)
Thursday, April 27 2017 - 2:00pm

AlphaGraphics you may like