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CBRE Group CEO Bob Sulentic talks with CNBC's "Power Lunch" team about the outlook for the company, real estate around the world, and the economy.
The vehicle, known as the CBRE Caledon Global Infrastructure Fund, will differ from some recently raised funds in part because it’s open-ended, said one of the people, who asked not to be identified because the information is private. Pam Barnett, a spokeswoman for CBRE Global Investors, declined to comment. The fundraising push follows CBRE’s 2017 acquisition of Toronto-based Caledon Capital Management Inc. “Infrastructure is a strategic component of an allocation to real assets, and we expect client demand for it will continue to increase,” Ritson Ferguson, chief executive officer of CBRE Global Investors, said at the time.
The prospect of big rent increases is drawing more large property investors to the risky but fast-growing niche of biotechnology and other life-science buildings. Lab properties have experienced some of the fastest rent growth in commercial real estate.
CBRE Group Inc is a commercial real estate services and investment firm. CBRE Group Inc had annual average EBITDA growth of 15.20% over the past five years. Warning! GuruFocus has detected 6 Warning Signs with CBRE.
CBRE Group Inc. and other big brokers are trying to muscle their way into the increasingly crowded but lucrative co-working business, aiming to help landlords create their own flex-space companies that cut out middlemen like WeWork Cos. While landlords initially welcomed co-working firms as a way to rent spaces and attract startup firms, many property owners are starting to fear that major tenants could develop loyalties to these intermediaries. Now, CBRE, the world’s largest commercial real-estate services firm, thinks it can get a piece of the action by offering big landlords the same type of services that WeWork and smaller peers like Knotel and Industrious offer.
On a per-share basis, the Los Angeles-based company said it had profit of $1.15. Earnings, adjusted for one-time gains and costs, came to $1.21 per share. The results surpassed Wall Street expectations. ...
The conversion of vacant retail real estate space to industrial capacity is unlikely to be more than a healthy niche market, according to a report released today by real estate services firm CBRE Group, Inc (NYSE: CBRE). CBRE identified 24 projects nationwide over the past two to three years in which conversions have recently been completed, or are in the proposal or development stages. All told, 7.9 million square feet of retail space has been converted into 10.9 million square feet of industrial space either by repurposing the existing structure or replacing it with industrial construction, CBRE said.
The Chrysler Building, an Art Deco masterpiece that has been a defining image of New York City's skyline for decades, has been put up for sale, a minority owner of the building and a broker hired to market the property said on Wednesday. The 77-story stainless steel-clad skyscraper, briefly the world's tallest building after it was finished in 1930, is 90 percent owned by the Abu Dhabi Investment Council, a sovereign wealth fund, with developer Tishman Speyer owning the remainder. The 1.26 million square foot building underwent a $100 million renovation after Tishman acquired the property in 1997.
NEW YORK (AP) — The owners of New York City's Chrysler Building are putting the landmark Art Deco skyscraper on the market.
Here in the small city of Washington, D.C., commercial real estate developments are everywhere. From the Navy Yard to the Southwest Waterfront to my neighborhood on Capitol Hill, new developments are being constructed. Warning! GuruFocus has detected 4 Warning Signs with CBRE.
Short interest is extremely low for CBRE with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CBRE. Over the last month, growth of ETFs holding CBRE is favorable, with net inflows of $13.81 billion.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Zacks.com highlights: BJ's Restaurants, CBRE Group, Dave & Buster's Entertainment, UnitedHealth Group and O'Reilly Automotive
Jones Lang LaSalle (JLL) real estate arm -- LaSalle Investment Management -- to debut in the U.S. real estate debt market with the acquisition of Latitude Management in a $1.2-billion deal.