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What's Next if CBRE Buys UCR?

Dallas-Ft. Worth

Word on the street is that CBRE could be acquiring UCR for about $60M. Of course, neither side will say yay or nay (the Dallas Morning News reported the rumor last week), but insiders tell us it’s pretty much a done deal. We asked around and got some insights on what the move will mean to the market.

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The acquisition would make CBRE a major player in retail, for one, sources tell us. UCR would most likely become CBRE’s retail real estate team in Dallas, as they don’t really have a strong retail team here now, one source notes. The move would be synergistic for UCR (HQ pictured at 8080 Park Ln) and CBRE. Big picture: the commercial real estate world is shrinking and companies are simply getting bigger. For a well-operated company like UCR, which has built a great brand and served clients well, sources say, the move would be profitable for top dog Mickey Ashmore and the shareholders. For CBRE, it’s buying an income stream, we're told. 

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Sources also say the deal should close by year end, leaving some UCR brokers in a state of confusion because they’re not sure what this will mean for them. Word is CBRE (HQ pictured at 2100 McKinney Ave) has been trying to buy UCR for a long time. If the deal is done correctly, the UCR producers will stick around and make money on the move, another source says. The question remains if they can make a smooth transition. The challenge will come with the corporate culture change; for the staffers, it’s a whole new set of rules and regulations, sources point out. We'll keep you posted.

Related Topics: CBRE, UCR