CBRE Emerges As Top Brokerage For U.S. Investment Sales
CBRE took the lead as the most active investment sales brokerage in the U.S. in the first half of the year, a title it has not held since 2013.
The Los Angeles-based brokerage succeeded in expanding its market share in commercial property investment sales to 23.2% in the first half of the year, up from 22.9% during the same period last year, The Real Deal reports.
New York's Eastdil Secured landed in second place after its deal volume dropped by 19% this year, dipping down to a market share of 20.9% following the exit of star brokers Doug Harmon and Adam Spies late last year, both of whom left for competitor Cushman & Wakefield.
New York brokerage HFF landed in third place, having increased its investment sales activity by 19% to $14.8B, while fourth place went to Newmark Knight Frank. The firm experienced a 67% boost in investment activity to $10.7B, TRD reports.