CBRE Group Inc. has been named to the FORTUNE 500 list of the largest U.S.-based companies for the fifth straight year. CBRE remains one of the only commercial real estate services firms ever included in the FORTUNE 500.
"Our success is built on a foundation of insight, collaboration, global resources and best-in-class client service," said Jeffrey LiPuma, managing partner CBRE|Buffalo. "Our position as the only commercial real estate services provider in the FORTUNE 500 further underscores the confidence clients in Buffalo have in our people, platform and consistent delivery of exceptional results around the world."
In 2011, CBRE arranged global sales and leasing transactions with total value of $159 billion and managed commercial properties and corporate facilities totaling more than 3.2 billion s/f, including properties managed by affiliate companies.
CBRE|Buffalo also facilitated several significant Western New York transactions in 2011, including:
* $4.8 million sale of retail development property at 3900 Maple Rd. & 125 Meyer Rd., Amherst
* $2.5 million sale of downtown Buffalo Olympic Towers office complex
* $3.1 million sale of Cedar Grove Heights investment property in Cheektowaga
The FORTUNE 500 ranks U.S.-based companies by total revenue. CBRE was ranked at #416 on the list, up 24 places from the prior year.
Earlier this year, CBRE led National Real Estate Investor's Top Brokerage list for the ninth year in a row. For the second straight year CBRE also was the highest ranked real estate services firm on Fortune's list of the Most Admired Companies.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.
About CBRE|Buffalo
CBRE|Buffalo is a CBRE affiliate office serving Western New York. The firm assists real estate owners, investors and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services; debt and equity financing; investment management; valuation and appraisal; research and investment strategy; and consulting.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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