• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    CBRE Group to Acquire Industrious, Create New Business Segment

    1/14/25 8:00:00 AM ET
    $CBRE
    Real Estate
    Finance
    Get the next $CBRE alert in real time by email
    • New Building Operations & Experience (BOE) segment to deliver end-to-end building operating solutions at a global scale
    • Industrious CEO and co-founder Jamie Hodari to join CBRE as CEO, BOE & Chief Commercial Officer
    • Chief Operating Officer Vikram Kohli promoted with added role as CEO, Advisory Services

    CBRE Group, Inc. (NYSE:CBRE) today announced a definitive agreement to acquire Industrious National Management Company, LLC, a leading provider of flexible workplace solutions. In conjunction with the acquisition, CBRE will create a new business segment called Building Operations & Experience (BOE). This new segment will unify building operations, workplace experience and property management, positioning CBRE to deliver scalable, future-ready solutions for offices, data centers, warehouses and other facilities. The transaction is expected to close later this month.

    Since late 2020, CBRE has invested in Industrious through an approximately 40% equity interest and a $100 million convertible note. The company will acquire the remaining equity stake for approximately $400 million, reflecting an implied enterprise valuation of approximately $800 million. The transaction is expected to be immediately accretive to 2025 core EBITDA and free cash flow. The acquisition underscores CBRE's strong conviction about Industrious' expertise in workplace experience and operations and the long-term growth prospects for the flexible workplace market.

    Industrious is known for its pioneering asset-light business model that emphasizes partnership agreements, which drive alignment with property owners. Since 2021, Industrious' revenue has grown at a compound annual rate of more than 50%, and its footprint has grown to more than 200 units across over 65 cities. Its industry-leading customer outcomes are the result of an ongoing investment into understanding what makes for a great workplace, paired with continuous operational improvement.

    The new BOE segment will be led by Jamie Hodari, Industrious' chief executive officer and co-founder, and will consist of CBRE's Enterprise Facilities Management, Local Facilities Management, Property Management and Industrious. This segment produced approximately $20 billion of combined revenue, including Industrious, in 2024 and comprises CBRE's entire 7+ billion sq. ft. global property and corporate facilities management portfolio.

    CBRE Chief Operating Officer Vikram Kohli has been promoted and taken on increased responsibilities. He now has the additional title of CEO, Advisory Services, with responsibility for driving growth for CBRE's largest business segment, which spans leasing, capital markets and valuation activities. As Chief Operating Officer for CBRE, Kohli will drive company-wide strategy and ensure the company is taking maximum advantage of opportunities to collaborate, realize efficiencies and achieve positive synergies across business segments and key platform functions.

    "The advancements we've announced today support our strategy of investing in resilient businesses that benefit from secular tailwinds, creating new and differentiated products and continually improving the capabilities of our leadership team," said Bob Sulentic, CBRE's chair and chief executive officer.

    "Both Jamie and Vikram are highly accomplished executives. Jamie is creative, entrepreneurial and a strong strategic and operational leader. Vikram has exceptional leadership skills that include driving growth across geographies, keen financial and digital insight and a deep knowledge of our global business."

    "The global economy needs physical spaces to make it hum — safe and efficient logistics centers for our goods, magnetic offices for our teams and secure and resilient data centers for our information. Running these spaces with excellence requires sophistication at scale," said Hodari. "I have found CBRE to be second-to-none in this respect, and I'm thrilled to be joining — not just because of how great it already is, but because of the opportunity ahead of us. I believe the new Building Operations & Experience segment will transform how buildings are operated, creating immense value for building users and owners."

    Hodari will also act as CBRE's Chief Commercial Officer, with responsibility for marketing and branding activities across all CBRE businesses.

    With today's announcement, CBRE's four business segments for 2025 will be: Advisory Services, Building Operations & Experience, Project Management and Real Estate Investments. The company will provide historical financial results under the new segment structure in a supplemental non-GAAP disclosure when it announces fourth-quarter 2024 earnings.

    About CBRE Group, Inc.

    CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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. We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange Commission filings and public conference calls and webcasts.

    About Industrious

    Industrious delivers the world's best workplaces by making the office a welcoming, empowering, and delightful experience. From private offices to suites, meeting rooms, and desks, Industrious makes it easy to find a workspace that works for just about anyone – whether they come in just a few days a week, want the flexibility to work from more than one location, or need a full HQ. Founded in 2012 and recognized as one of America's 500 fastest-growing companies by Inc. Magazine, Industrious offers flexible workplaces at more than 200 locations in over 65 cities globally. For more information, visit industriousoffice.com.

    Forward-Looking Statements

    Certain of the statements in this release regarding the acquisition of the remaining interest in Industrious National Management Company, LLC and the creation of a new Building Operations & Experience (BOE) business segment 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, the further growth of the flexible office space market and Industrious' ability to execute its strategy to capitalize on this growth, and CBRE's ability to establish the new BOE business segment and to benefit from synergies among the business lines that comprise this segment, 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, 2023 and our most recent quarterly filings on Form 10-Q. 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 [email protected].

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250114319444/en/

    Chandni Luthra

    CBRE-Investors

    [email protected]

    Steve Iaco

    CBRE-Media

    [email protected]

    Jamie Hodari

    Industrious

    [email protected]

    Get the next $CBRE alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $CBRE

    DatePrice TargetRatingAnalyst
    1/24/2025$155.00 → $152.00Strong Buy → Outperform
    Raymond James
    1/15/2025$115.00 → $160.00Equal-Weight → Overweight
    Morgan Stanley
    1/2/2025$133.00 → $152.00Hold → Buy
    Jefferies
    12/16/2024$120.00 → $163.00Neutral → Overweight
    Analyst
    12/6/2024$176.00Buy
    Goldman
    7/26/2024$100.00 → $123.00In-line → Outperform
    Evercore ISI
    7/25/2024$105.00Equal-Weight
    Morgan Stanley
    4/10/2024$107.00Hold
    Jefferies
    More analyst ratings

    $CBRE
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Munoz Oscar bought $242,109 worth of shares (2,100 units at $115.29), increasing direct ownership by 18% to 13,470 units (SEC Form 4)

      4 - CBRE GROUP, INC. (0001138118) (Issuer)

      8/30/24 4:05:58 PM ET
      $CBRE
      Real Estate
      Finance

    $CBRE
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Accounting Officer Caplan Lindsey S sold $480,480 worth of shares (3,432 units at $140.00), decreasing direct ownership by 9% to 20,131 units (SEC Form 4)

      4 - CBRE GROUP, INC. (0001138118) (Issuer)

      6/26/25 5:39:18 PM ET
      $CBRE
      Real Estate
      Finance
    • Director Cobert Beth F. was granted 2,068 shares, gifted 2,455 shares and received a gift of 2,455 shares, decreasing direct ownership by 16% to 2,068 units (SEC Form 4)

      4 - CBRE GROUP, INC. (0001138118) (Issuer)

      5/23/25 5:00:40 PM ET
      $CBRE
      Real Estate
      Finance
    • Director Gilyard Reginald Harold was granted 2,068 shares, gifted 2,455 shares and received a gift of 2,455 shares, decreasing direct ownership by 16% to 2,068 units (SEC Form 4)

      4 - CBRE GROUP, INC. (0001138118) (Issuer)

      5/23/25 4:57:28 PM ET
      $CBRE
      Real Estate
      Finance

    $CBRE
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • CBRE Group downgraded by Raymond James with a new price target

      Raymond James downgraded CBRE Group from Strong Buy to Outperform and set a new price target of $152.00 from $155.00 previously

      1/24/25 7:25:10 AM ET
      $CBRE
      Real Estate
      Finance
    • CBRE Group upgraded by Morgan Stanley with a new price target

      Morgan Stanley upgraded CBRE Group from Equal-Weight to Overweight and set a new price target of $160.00 from $115.00 previously

      1/15/25 7:28:58 AM ET
      $CBRE
      Real Estate
      Finance
    • CBRE Group upgraded by Jefferies with a new price target

      Jefferies upgraded CBRE Group from Hold to Buy and set a new price target of $152.00 from $133.00 previously

      1/2/25 7:27:29 AM ET
      $CBRE
      Real Estate
      Finance

    $CBRE
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Barings Provides $136 Million Financing on Two Industrial Projects for Outrigger Industrial in Atlanta, GA and Houston, TX

      Barings, one of the world's largest diversified real estate investment managers, announced today that it has provided a $96.96 million loan for Generation Park I & II in Houston, Texas and a $39.5 million loan for Falcon II in Oakwood (Atlanta), Georgia to refinance these newly built industrial properties. Owned by Centris Industrial, Inc. and externally managed by Outrigger Industrial ("Outrigger"), these projects recently completed and are in various stages of lease up. "We're excited to provide these financings for Outrigger and look forward to deepening our partnership with Outrigger's management team, expanding on their decades of success in the development and operation of industria

      6/30/25 9:00:00 AM ET
      $CBRE
      Real Estate
      Finance
    • CBRE Group, Inc. Announces Details of Conference Call and Webcast for Second Quarter 2025 Financial Results

      CBRE Group, Inc. (NYSE:CBRE) will release its second quarter 2025 financial results at approximately 6:55 a.m. Eastern time on Tuesday, July 29, 2025. Management will hold a conference call to discuss these results at 8:30 a.m. Eastern time on that same day (Tuesday, July 29, 2025). The event will be webcast live and accessible through the Investor Relations section of the company's website at www.cbre.com, along with a supplemental slide presentation, which is also available on that section of the website. The conference call dial-in details are as follows: • Live         U.S.: 877.407.8037     International: +1 201.689.8037     Pass

      6/16/25 8:30:00 AM ET
      $CBRE
      Real Estate
      Finance
    • NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distributions for June, July and August 2025 and Availability of 19(a) Notice

      NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE:MEGI) today declared three distributions of $0.1250 per common share for the months of June, July, and August 2025. The Fund's current annualized distribution rate is 10.65% based upon the closing price of $14.08 on June 11, 2025, and 9.82% based upon the Fund's closing NAV of $15.27 as of the same date. Dividend Distribution Schedule:   Ex-Dividend Date Record Date Payable Date June 6-24-2025 6-24-2025 6-30-2025 July 7-24-2025 7-24-2025 7-31-2025 August 8-25-2025 8-25-2025 8-29-2025 The amounts and sources of di

      6/13/25 9:00:00 AM ET
      $CBRE
      $MEGI
      Real Estate
      Finance
      Investment Managers

    $CBRE
    SEC Filings

    See more
    • CBRE Group Inc filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

      8-K - CBRE GROUP, INC. (0001138118) (Filer)

      6/24/25 5:05:57 PM ET
      $CBRE
      Real Estate
      Finance
    • SEC Form 11-K filed by CBRE Group Inc

      11-K - CBRE GROUP, INC. (0001138118) (Filer)

      6/20/25 3:33:34 PM ET
      $CBRE
      Real Estate
      Finance
    • CBRE Group Inc filed SEC Form 8-K: Termination of a Material Definitive Agreement, Other Events

      8-K - CBRE GROUP, INC. (0001138118) (Filer)

      5/28/25 5:08:12 PM ET
      $CBRE
      Real Estate
      Finance

    $CBRE
    Leadership Updates

    Live Leadership Updates

    See more
    • CBRE Group to Acquire Industrious, Create New Business Segment

      New Building Operations & Experience (BOE) segment to deliver end-to-end building operating solutions at a global scale Industrious CEO and co-founder Jamie Hodari to join CBRE as CEO, BOE & Chief Commercial Officer Chief Operating Officer Vikram Kohli promoted with added role as CEO, Advisory Services CBRE Group, Inc. (NYSE:CBRE) today announced a definitive agreement to acquire Industrious National Management Company, LLC, a leading provider of flexible workplace solutions. In conjunction with the acquisition, CBRE will create a new business segment called Building Operations & Experience (BOE). This new segment will unify building operations, workplace experience and property m

      1/14/25 8:00:00 AM ET
      $CBRE
      Real Estate
      Finance
    • CBRE Group Completes Turner & Townsend/Project Management Combination; Vincent Clancy Joins CBRE Board of Directors

      CBRE Group, Inc. (NYSE:CBRE) today announced that it has completed its plan to combine its project management business with Turner & Townsend, its majority-owned subsidiary, and that Vincent Clancy, Board chair and chief executive officer of Turner & Townsend, has joined CBRE's Board of Directors. Turner & Townsend provides program management, cost consultancy and project management services globally, and has been a majority-owned subsidiary of CBRE since 2021. Clancy, a 35-year veteran of Turner & Townsend, has served as its chief executive officer since 2008 and its Board chair since 2015. Under Clancy's leadership, Turner & Townsend's revenue has increased from about $225 million in

      1/3/25 5:49:00 AM ET
      $CBRE
      Real Estate
      Finance
    • Gateway Fiber's Co-Founder and CEO Heath Sellenriek Becomes Independent Board Director, Board Appoints Chris Surdo as Successor

      Gateway Fiber has announced President Chris Surdo will become CEO and expand his leadership responsibilities as current CEO Heath Sellenriek has chosen to step down but will remain involved as an Independent Director on the Board of Directors. Sellenriek has been at the helm since he co-founded the company in 2019 and will continue to support the company's forward movement in his new capacity. In his announcement to Gateway Fiber team members, Sellenriek said, "This transition is a planned and thoughtful step in our journey. It ensures that the company remains on a steady course, aligned with our relentless focus on our customers, our communities, and our people." Surdo joined Gateway Fib

      9/11/24 3:16:00 PM ET
      $CBRE
      Real Estate
      Finance

    $CBRE
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by CBRE Group Inc

      SC 13G/A - CBRE GROUP, INC. (0001138118) (Subject)

      11/14/24 4:04:33 PM ET
      $CBRE
      Real Estate
      Finance
    • SEC Form SC 13G filed by CBRE Group Inc

      SC 13G - CBRE GROUP, INC. (0001138118) (Subject)

      2/14/24 4:13:33 PM ET
      $CBRE
      Real Estate
      Finance
    • SEC Form SC 13G/A filed by CBRE Group Inc (Amendment)

      SC 13G/A - CBRE GROUP, INC. (0001138118) (Subject)

      2/13/24 5:01:04 PM ET
      $CBRE
      Real Estate
      Finance

    $CBRE
    Financials

    Live finance-specific insights

    See more
    • CBRE Group, Inc. Announces Details of Conference Call and Webcast for Second Quarter 2025 Financial Results

      CBRE Group, Inc. (NYSE:CBRE) will release its second quarter 2025 financial results at approximately 6:55 a.m. Eastern time on Tuesday, July 29, 2025. Management will hold a conference call to discuss these results at 8:30 a.m. Eastern time on that same day (Tuesday, July 29, 2025). The event will be webcast live and accessible through the Investor Relations section of the company's website at www.cbre.com, along with a supplemental slide presentation, which is also available on that section of the website. The conference call dial-in details are as follows: • Live         U.S.: 877.407.8037     International: +1 201.689.8037     Pass

      6/16/25 8:30:00 AM ET
      $CBRE
      Real Estate
      Finance
    • NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distributions for June, July and August 2025 and Availability of 19(a) Notice

      NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE:MEGI) today declared three distributions of $0.1250 per common share for the months of June, July, and August 2025. The Fund's current annualized distribution rate is 10.65% based upon the closing price of $14.08 on June 11, 2025, and 9.82% based upon the Fund's closing NAV of $15.27 as of the same date. Dividend Distribution Schedule:   Ex-Dividend Date Record Date Payable Date June 6-24-2025 6-24-2025 6-30-2025 July 7-24-2025 7-24-2025 7-31-2025 August 8-25-2025 8-25-2025 8-29-2025 The amounts and sources of di

      6/13/25 9:00:00 AM ET
      $CBRE
      $MEGI
      Real Estate
      Finance
      Investment Managers
    • CBRE Group, Inc. Reports Financial Results for First-Quarter 2025

      CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the first quarter ended March 31, 2025. Key Highlights: GAAP EPS up 32% to $0.54; Core EPS up 10% to $0.86 Revenue up 12% to $8.9 billion and net revenue up 15% to $5.1 billion Resilient Businesses(1) net revenue up 14% (17% local currency) to $3.7 billion; Transactional Businesses(1) revenue up 16% (18% local currency) to $1.4 billion GAAP net income up 29% to $163 million; Core EBITDA up 27% to $540 million Repurchased nearly $600 million worth of shares since year-end 2024 More than $1.6 billion net cash flow from operations and nearly $1.5 billion free cash flow, both on a trailing 12-month basis "CBRE had

      4/24/25 6:55:00 AM ET
      $CBRE
      Real Estate
      Finance