• 1f. Real Estate Trends and News – North Texas

  World’s Largest Commercial Brokerage Raises Profit Expectations As It Prepares f

  Posted by propshop_connector on 23 September 2024 at 4:46 PM

  https://www.costar.com/article/1595625316/worlds-largest-commercial-brokerage-raises-profit-expectations-as-it-prepares-for-return-of-dealmaking

  COSTAR writes:

  “CBRE Group Tackles Higher Costs, Makes ‘Several Sizable Capital Investments’ in Second Quarter. CBRE, the world’s largest commercial real estate brokerage, is raising its earnings expectations for the year as it cuts costs and prepares for dealmaking to pick up in coming months.

  The Dallas-based firm said its second-quarter profit of $130 million was better than it anticipated, though it was still down 35.5% from a year earlier.

  “Revenue, profitability and cash flow exceeded our expectations, with outperformance across all three business segments” of advisory services, global workplace solutions and real estate investments, Chair and CEO Bob Sulentic said during a conference call to discuss its earnings Thursday.”

  Read more in the original article below:

  

  costar.com

  World's Largest Commercial Brokerage Raises Profit Expectations As It Prepares for Return of Dealmaking

  CBRE Group Tackles Higher Costs, Makes 'Several Sizable Capital Investments' in Second Quarter

  propshop_connector replied 1 week, 4 days ago 1 Member · 0 Replies
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