Thursday 28 May 2020

CBRE gets Fortune 500 rankings boost for 2019

DUBAI, June 11, 2019

CBRE Group, one of the world's largest commercial real estate services and investment firms, has risen to 146 on the Fortune 2019 list of the 500 largest US-based public companies.

A major player in the Middle East and North Africa (Mena) real estate sector, CBRE said its position rose from 2018, when it was ranked at 207.

On the new ranking, president and CEO Bob Sulentic, said: "Our continued rise on Fortune’s prestigious list is a testament to our people and their intense focus on delivering great outcomes for our clients."

A Fortune 500 and S&P 500 company headquartered in Los Angeles, CBRE is the world’s largest commercial real estate services and investment firm (based on 2018 revenue).

The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide.

"CBRE offers a broad range of integrated 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," explained Sulentic.
CBRE, he stated, was responsible for more than $380 billion of property sales and lease transactions in 2018 and manages more than 6.1 billion sq ft of commercial properties and corporate facilities.

The company also operates the largest commercial real estate development company in the US (Trammell Crow Company), one of the world’s largest real estate investment management businesses (CBRE Global Investors) and a growing flexible-space solutions business (Hana), he added.-TradeArabia News Service


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