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Pennsylvania’s Stafford Avenue Business Park Sells for $6.5 Million

Pennsylvania’s Stafford Avenue Business Park Sells for $6.5 Million

by Phil Hall | Feb 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News

CBRE Group Inc. (NYSE:CBRE) announced the $6.5 million sale of the Stafford Avenue Business Park, a three-building light industrial complex located in Scranton, Pennsylvania. The property is based on an 11.75-acre site and consists of three buildings ranging in size...
CBRE Acquires J&J Worldwide Services for $800 Million

CBRE Acquires J&J Worldwide Services for $800 Million

by Phil Hall | Feb 5, 2024 | Commercial Real Estate News, Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

CBRE Group Inc. (NYSE:CBRE) is paying $800 million in cash to acquire J&J Worldwide Services, a provider of engineering services, base support operations and facilities maintenance for the U.S. federal government, from Arlington Capital Partners, a Washington,...
CBRE CEO Robert Sulentic Appointed Chairman of the Board

CBRE CEO Robert Sulentic Appointed Chairman of the Board

by Phil Hall | Nov 17, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

CBRE Group, Inc. (NYSE:CBRE) announced that its board of directors has appointed CEO Robert Sulentic to the additional role of chairman of the board, effective immediately. Sulentic has served as president and CEO of CBRE since December 2012. He succeeds Brandon Boze,...
CBRE Acquires J&J Worldwide Services for $800 Million

CBRE Group Promotes Two to Senior Executive Spots

by Phil Hall | Jul 28, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

CBRE Group, Inc. (NYSE: CBRE) announced the promotion of two members of its legal team to senior executive roles. Chad Doellinger has been promoted to general counsel. Doellinger was a senior member of the CBRE legal group from May 2020 to April 2023 before being...
CBRE Forecasts Stronger Performance by the Hotel Industry

CBRE Forecasts Stronger Performance by the Hotel Industry

by Phil Hall | May 24, 2023 | Commercial Real Estate News, Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

CBRE Group (NYSE:CBRE) has raised its forecast for hotel performance this year, citing stronger-than-expected demand and more modest supply growth drive occupancy gains. In its revised forecast, CBRE is predicting 2023 revenue per available room (RevPAR) will reach...
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