RevPAR is expected to hit $96.64 this year – a 4.6% increase over last year but $1.25 less than what CBRE was forecasting in May.
Guy Metcalfe, who retired from Morgan Stanley at the end of last month, will join CBRE's board Monday.
CBRE is undertaking two deals as part of an M&A drive.
Despite leasing and investment sales struggles, CBRE net income jumped from $86M to $495M in Q4.
CBRE hired a team from Savills to join its Houston industrial and logistics group.
Dublin office takeup has already exceeded 2023 and is on course to break the 2M SF barrier, according to CBRE Ireland.
CBRE Houston Restaurant Practice Leader Thomas Nguyen tells Bisnow about his experience filming Squid Game: The Challenge, Houston's restaurant scene and more.
Citing breach of employment contract, CBRE is seeking to prevent the former Dallas-based executive from working for its competitor until next year.
Michael Joyce spent the last six years with Cushman & Wakefield, and before that he co-founded Richards Barry Joyce and sold it to Transwestern.
CBRE boosted its year-end projections after office leasing revenue was 26% above expectations and revenue from property sales was up 20% in the third quarter.
We're not asking for your money. This is not a step towards a paywall. Our news is free and we intend to keep it that way.