group type public traded as nyse cbg s & p 500 component industry real estate founded 1906 number of locations 372 2015 area served worldwide key people bob sulentic ceo mike lafitte coo gil borok cfo ray wirta chairman products commercial real estate services revenue us 11.0 billion 2015 operating income us 792.3 million 2014 net income us 513.5 million 2014 total assets us 7.7 billion 2014 total equity us 2.3 billion 2014 number of employees 70 000 2016 website www.cbre.com footnotes references number of employees number of locations ; 1 financials revenue income assets equity 2 cbre group inc. is an american commercial real estate company with headquarters in los angeles california . as of its successful 2011 bid to acquire part of ing cbre was the world s largest real estate investment manager . cbre was ranked at 363 in the fortune 500 in 2014 3 and was the highest ranked company in the real estate sector . 4 contents 1 history 2 business model 3 operations 4 corporate governance 5 see also 6 references 7 external links history edit following the 1906 san francisco earthquake tucker lynch & coldwell was established on august 27 1906 and renamed coldwell banker & company in 1940 . in 1989 in a leveraged buyout cb commercial was spun off as a privately held company cb commercial real estate group inc. from coldwell banker which after financial difficulties was later acquired by realogy . 5 following cb commercial s 1998 acquisition of richard ellis international limited which traced its roots to london in 1773 the company changed its name to cb richard ellis . citation needed in june 2004 cbre began trading on the new york stock exchange . in 2005 cbre was first recognized as a fortune 1000 company and in 2006 it was added to the s & p 500 . 6 in late 2006 cbre merged with trammell crow company in a transaction valued at 2.2 billion . 7 in february 2011 cbre won in auction the right to buy ing s real estate investment management business in europe and asia asia acquisition completed in october 2011 1 as well as ing s united states based clarion real estate securities division making cbre the world s biggest real estate investment manager . 8 the agreement also included ing s listed securities business . 8 the company changed its name to cbre group inc. on october 3 2011 . 1 this change was made to bring the formal name of the company into alignment with the well recognized cbre brand . 1 business model edit in real estate as of 2011 cbre s approach has been to invest in properties that need upgrading before they are sold . 8 the company s acquisition of ing asian real estate assets was consistent with this in that though ing s approach to real estate has in general been to invest in properties with a steady cash flow as well as listed real estate securities the asian property business included a significant stake in properties that need upgrading . 8 operations edit real estate investment operations reside in cbre investors a wholly owned subsidiary of cbre group . 8 as of 2011 the cbre investors unit had us 37 600 000 000 of assets under management . 8 corporate governance edit post chief executive officer jim didion 1990 s 9 ray wirta 2005 9 brett white 2005 2012 9 bob sulentic 2013 9 chief operating officer mike laffite 2013 10 11 chief financial officer bob sulentic 2009 2010 9 12 gil borok 2010 2014 12 jim groch 2014 13 chairman of the board ray wirta 2014 14 president brett white 2001 2005 9 bob sulentic 2010 2013 9 12 see also edit los angeles portal companies portal references edit a b c d crowe deborah october 3 2011 . cb richard ellis group changes name . los angeles business journal . retrieved april 21 2015 . cbre group inc. reports 2014 revenue growth of 26 % and 25 % for fourth quarter . retrieved february 4 2015 . cbre group inc cbg stock updates and news fortune . fortune . fortune 500 list cbre . fortune . 2013 . archived from the original on february 22 2014 . restructuring cb commercial real estate group incl . los angeles times . october 3 1991 . cb richard ellis to replace bellsouth in s & p 500 update1 . bloomberg.com . october 11 2006 . haddad annette november 1 2006 . cb richard ellis to buy major rival . latimes . a b c d e f kreijger gilbert ; jonas ilaina february 15 2011 . webb sara ; kerr ted ; hill gary eds . cb richard ellis to buy ing real estate arm . reuters . retrieved april 21 2015 . a b c d e f g drummer randyl may 8 2012 . cbre president robert sulentic to succeed retiring ceo brett white . costar group . retrieved 29 april 2015 . staff october 2 2013 . cbre creates new job at the helm of global valuation sector . real estate wkly . retrieved 29 april 2015 . carlisle candace july 26 2012 . mike lafitte named global president of cbre services . dallas bus . j. retrieved 29 april 2015 . a b c forbes laurie march 5 2010 . cbre names cfo ; turns over reins of private client group . costar group . retrieved 30 april 2015 . cfo moves week ending february 28 2014 . cbre investor relations corporate governance biography . cbre.com . external links edit wikimedia commons has media related to cbre group . authority control worldcat identities viaf 128267868 retrieved from https en.wikipedia.org w index.php title cbre group & oldid 743511954 categories commercial real estate companiescompanies based in los angelescompanies established in 1773companies listed on the new york stock exchangeproperty services companies of the united kingdomreal estate services companies of the united stateshidden categories pages using infobox company with unsupported parametersall articles with unsourced statementsarticles with unsourced statements from may 2014commons category with page title same as on wikidatawikipedia articles with viaf identifiers navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages catal deutschespa ol fran aislietuvi nederlandspolskirom n svenska edit links this page was last modified on 10 october 2016 at 00 26 . text is available under the creative commons attribution sharealike license ; 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