CBRE’s Global Workplace Solutions business has now deployed AI-powered smart facilities management solutions at more than 20,000 client sites representing a billion square feet. The company’s offering leveraging its AI-based Nexus platform and a rich trove of building operations and utilisation data which CBRE claims as the largest in the global property industry to deliver…
CBRE
CBRE has arranged the sale of a mixed-use property comprising 12 residential apartment units and a street-front retail building in Costa Mesa, California. Acquired by a local private investor for US $3.2 million, the transaction represented a selling price of US $425 per square foot (or US $246,154 per unit) as the property exchanged hands…
CBRE has brokered the sale of a four-unit multifamily property in Orange County, California for US $1,590,000, representing 99 per cent of the list price and US $462 per square foot.CBRE’s Executive Vice President Dan Blackwell, Vice President Sean Farag, and Associate Amanda Fielder represented the Orange County-based 1031 exchange seller in the sale of…
CBRE has arranged the US $4.25 million sale of a 12-unit multifamily property in Anaheim, California to a private investor as part of a 1031 exchange. The sale realized US $354,166 per unit or US $324 per square foot 1031 exchanges are transactions that swap an investment property for another, allowing capital gains taxes to…
Third-party logistics (3PL) providers leased more big-box (200,000 sq ft. or larger) warehouse spaces in North America than any other occupier category according to a new report from CBRE. Accounting for 41% of all big-box lease transactions in 2022, 3PLs expanded their footprints and claimed the largest share for the first time since CBRE began…
CBRE has been included in Fortune Magazine’s annual ranking of companies “at the forefront of innovation” in the United States. Only 2 per cent of corporations evaluated for Fortune’s America’s 2023 Most Innovative Companies list made it into the “most innovative” category, with CBRE the only commercial real estate services company to be selected for the accolade.…
In a macro-economic context featuring several challenges including political uncertainty, rising interest rates, a surge in development costs and ESG-related pressures, the hospitality industry has shown great resilience with numerous signs of a well-engaged trading recovery. At an industry day hosted by Glion Institute of Higher Education London for its MSc Real Estate, Finance and…
Jaguar Building Services has been selected to provide mechanical and electrical (M&E) maintenance services at 8 St James’s Square in the West End of London under a 3-year contract from CBRE. Under the terms of the agreement, the hard services contractor will deliver engineering requirements at the stunning 65,500 ft² building which provides occupiers with high…
Mark Lodmill, MAI has joined Cushman & Wakefield’s Valuation and Advisory (V&A) Living Sectors practice in Denver as an Executive Director. With more than 25 years’ real estate appraisal and consulting experience, Lodmill focuses on multifamily valuations throughout Colorado’s front range, western slope and high-country regions including Denver, Boulder, Greeley, Fort Collins, Grand Junction, Durango,…
CBRE has selected Jaguar Building Services for a three-year mechanical and electrical contract at 90 Fetter Lane in the City of London, which is also known as The Bureau Building. The 1980s the office building has recently been extensively redeveloped to provide 74,000 sq. ft of lettable space, with a stylish modern reception, five-star office…
Cushman & Wakefield and commercial real estate finance company Greystone Servicing Company LLC have recruited a team led by former CBRE Capital Markets Executive Vice President, Craig Branton, to their multifamily equity, debt and structured financing (EDSF) operation in Denver, Colorado. Branton, who joins Cushman & wakefield as Vice Chairman, brings his extensive background in…
Following a recent retender process for CBRE on behalf of Deka Properties, Jaguar Building Services have retained the M&E contract at the St Botolph Building in the City of London for a further 3-year period. The building is located in the prestigious EC3 insurance district and provides over 500,000 sq ft of office space for…
Rob Brazier, a senior commercial and contracts manager with UK fit-out and refurbishment contractor Pexhurst, has been announced as a finalist in the Construction Manager of the Year (CMOY) category of this year’s Chartered Institute of Building Awards for his contribution to a contract for CBRE Investment Management which involved working alongside property consultants Vail…