CBRE Group Inc.
CBRE Group to Acquire Industrious and Create New Business Segment
Summary
On January 14, 2025, CBRE Group, Inc. announced a definitive agreement to acquire Industrious National Management Company, LLC, a leading provider of flexible office solutions. The acquisition will result in the creation of a new business segment called Building Operations & Experience (BOE). Industrious CEO and co-founder Jamie Hodari will join CBRE as CEO of the BOE segment and Chief Commercial Officer. Vikram Kohli, CBRE's Chief Operating Officer, has been promoted with added responsibilities as CEO of Advisory Services. The transaction is expected to close later this month and is anticipated to be immediately accretive to CBRE's 2025 core EBITDA and free cash flow.
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About CBRE Group Inc.
CBRE Group Inc. operates as a leading commercial real estate services and investment firm globally. The company's primary purpose is to offer a broad array of real estate solutions, sector-driven insights, and advisory services to a diverse clientele that includes corporations, property owners, investors, and developers. CBRE provides expertise in property management, strategic consulting, valuation, project management, and capital markets operations. Known for its vast geographic presence, CBRE serves numerous industries, encompassing sectors such as retail, industrial, office, and healthcare. With comprehensive service offerings, the firm plays a vital role in shaping urban landscapes and responding to market dynamics. Headquartered in Dallas, Texas, CBRE Group Inc. leverages its extensive global network and local market expertise to drive innovation and sustainable practices, profoundly influencing how real estate industry challenges are addressed across the world.
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