CBRE Group, Inc. Acquires Omaha Affiliate
LOS ANGELES--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE:CBRE) today announced that it has acquired its longtime affiliate serving the greater Omaha, Nebraska area, CBRE | MEGA.
Founded in 1975, CBRE | MEGA is one of Omaha’s largest full service commercial real estate services firms, with more than 100 professionals providing sales, leasing and project management services and managing a portfolio of more than 5.5 million sq. ft. The firm has been a CBRE affiliate since 2000.
“CBRE | MEGA is a perfect complement to our existing presence in the Midwest. The team is comprised of the leading client-service professionals in Omaha and will help us to deliver great results for our clients through enhanced collaboration and broad-ranging expertise,” said John Latessa, President, Advisory Services, Midwest Division, CBRE.
CBRE in Omaha will continue to be led by Bennett Ginsberg, who will serve as Managing Director.
“This is a great move for our firm and our people strategically and culturally,” said Mr. Ginsberg. “Our clients will benefit from CBRE’s broad spectrum of services, global reach and deep resources, including significant and ongoing technology investments. We could not be more excited about our future.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, 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 more than 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. Please visit our website at www.cbre.com. We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange filings and public conference calls and webcasts.
Certain of the statements in this release regarding the acquisition of CBRE | MEGA (MEGA) that do not concern purely historical data are forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, our ability to successfully fully integrate MEGA with our Midwest, U.S. and global operations, as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2018 and Form 10-Q for the quarter ended March 31, 2019. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at firstname.lastname@example.org.
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Source: CBRE Group, Inc.
Released July 8, 2019