CBRE Group(CBRE)

Leader

Dallas global commercial real estate services (NYSE: CBRE) ~$35B revenue; world's largest CRE firm, Industrious $400M acquisition creates flexible workplace segment, data center advisory growth competing with JLL.

Company Overview

About CBRE Group

CBRE Group, Inc. is a Dallas, Texas-based commercial real estate services and investment company — publicly traded on the New York Stock Exchange (NYSE: CBRE) as an S&P 500 Real Estate component and the world's largest commercial real estate services company — providing advisory, transaction, project management, property and facilities management, and real estate investment management services through approximately 130,000 employees and 750+ offices in 100+ countries. CBRE serves occupiers, investors, and developers across every commercial real estate segment: office, industrial, retail, multifamily, healthcare, data centers, and hospitality. In a defining 2025 expansion, CBRE announced the acquisition of Industrious — a leading flexible workplace solutions operator with 200+ premium coworking locations in 65+ US cities serving Fortune 500 corporate occupiers — for approximately $400 million (reflecting an implied enterprise value of ~$800 million), creating a new CBRE business segment called Building Operations & Experience (BOE). The Industrious acquisition enables CBRE to offer corporate real estate occupiers both traditional leasing advisory (CBRE's existing business) and flexible workspace management (Industrious's product), positioning CBRE as the end-to-end workplace solutions provider as corporate space strategies shift from long-term dedicated leases toward hybrid portfolios of core offices supplemented by flexible coworking space. COO Vikram Kohli was promoted as part of the leadership restructuring associated with the new BOE segment. CEO Bob Sulentic leads CBRE's strategy of expanding beyond transaction brokerage into recurring-revenue real estate services.

Business Model & Competitive Advantage

CBRE's diversified commercial real estate services model creates value through the combination of transaction advisory (buying, selling, and leasing brokers who earn one-time commissions) and recurring-revenue businesses (investment management, facilities management, and project management that generate fee income irrespective of transaction market cyclicality): when commercial real estate transaction volume declined 40%+ in 2023 due to rising interest rates and valuation uncertainty, CBRE's CBRE Investment Management ($145B+ AUM), CBRE Real Estate Investments (development), and Global Workplace Solutions (facilities and project management) segments provided revenue continuity while transaction-based advisory compressed. CBRE's global platform (750+ offices) provides the local market intelligence in every major commercial real estate market globally that multinational occupiers and investors need from a single integrated service provider rather than managing 30-50 local market specialists independently.

Competitive Landscape 2025–2026

In 2025, CBRE Group competes in global commercial real estate services against Jones Lang LaSalle (NYSE: JLL, $21.8B 2024 revenue, global brokerage and investment management), Cushman & Wakefield (NYSE: CWK, $9.5B 2024 revenue, brokerage and facilities management), and Colliers International (NASDAQ: CIGI, $4.5B 2024 revenue, Canadian-based global real estate services) for corporate real estate account management, investment management mandates, and commercial property transaction advisory. The Industrious acquisition creates a competitive advantage in the high-growth flexible workplace segment that IWG (Regus, HQ by IWG) and WeWork (restructured post-bankruptcy 2024) also serve — but CBRE's broker network can now recommend and cross-sell Industrious flexible solutions alongside traditional lease negotiation, creating integrated workplace strategy advisory that neither pure coworking operators nor pure brokers can match. The 2025 strategy focuses on BOE segment launch and Industrious integration, data center advisory and transactions (the highest-growth commercial real estate segment driven by AI infrastructure), and recovery of transaction volume as interest rate stabilization supports commercial real estate price discovery.

Founded
1906
Headquarters
San Francisco, California, USA
Revenue
$35000M
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The CBRE Group Story

Founded in 1906
San Francisco, California, USA
Founded by Tucker, Lynch and 1 other

Founders

TuckerLynchColdwell
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Company Timeline

Major milestones in CBRE Group's journey

15
Total Events
0
Funding Rounds
9
Acquisitions
1
Product Launches
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Leadership Team

Meet the leaders behind CBRE Group

Bob Sulentic

Chair, CEO & President

Bob Sulentic has served as President & Chief Executive Officer since December 2012 and assumed the additional role of Board Chair in November 2023. He holds an M.B.A. from Harvard Business School and a B.A. in Computer Science from Iowa State University. Before becoming CEO, Mr. Sulentic served as President of CBRE and as CFO during the 2009 financial crisis, demonstrating exceptional leadership during challenging times. He began his real estate career with Trammell Crow Company in 1984 and became its President and CEO in 2000 before the company merged with CBRE in 2006.

Emma Giamartino

Chief Financial Officer

Emma Giamartino was appointed CFO in July 2021 and oversees CBRE's global finance organization, including controllership, financial planning & analysis, financial risk & assurance, insurance, investor relations, tax, and treasury. She holds a bachelor's degree in engineering from Duke University and an MBA from Columbia Business School. Prior to becoming CFO, she served as Chief Investment Officer and Global Head of Corporate Development after joining CBRE in February 2018. Before CBRE, she served as Director of Corporate Development at Verizon Communications and worked in Nomura's technology, media and telecommunications investment banking group.

Vikram Kohli

Chief Operating Officer & CEO, Advisory Services

Vikram Kohli drives company-wide strategy as COO and oversees the Advisory Services business segment, which spans leasing, capital markets (sales and debt & structured finance), and valuation services globally. He holds an MBA from Northwestern University's Kellogg School of Management. Mr. Kohli joined CBRE in 2001 in India and has served in various leadership positions including Chief Operating Officer for South East Asia, Executive Director of Sales Management for Asia Pacific, CEO of CBRE Platform, and Global Group President for Business Intelligence. He has worked in CBRE's Delhi, Chicago, Dallas, Hong Kong, and Singapore offices throughout his two-decade career.

Jamie Hodari

CEO, Building Operations & Experience and Chief Commercial Officer

Jamie Hodari leads CBRE's Building Operations & Experience business segment, a new division created following the acquisition of Industrious in January 2025. He also serves as Chief Commercial Officer, responsible for driving commercial strategy and growth initiatives across the company. His leadership focuses on delivering enhanced workplace experiences through innovative technology and service delivery models.

Chad Doellinger

General Counsel

Chad Doellinger was promoted to General Counsel in 2023, overseeing all legal affairs for CBRE globally. He provides strategic legal guidance on corporate governance, mergers and acquisitions, regulatory compliance, and litigation matters. His expertise has been instrumental in navigating complex legal and regulatory environments across CBRE's global operations.

Banke Odunaike

Chief Culture Officer

Banke Odunaike was promoted to the newly created position of Chief Culture Officer in 2023, reflecting CBRE's commitment to fostering a values-driven culture. She leads initiatives around diversity, equity, inclusion, employee engagement, and organizational culture, ensuring CBRE maintains its position as an employer of choice in the commercial real estate industry.

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Key Differentiators

Market Leader

CBRE Group is recognized as a market leader in the Real Estate & Property Tech sector, demonstrating strong industry presence and customer trust.

Enterprise Scale

With $35000M in revenue, CBRE Group operates at enterprise scale with proven market validation.

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