The school wants to build its national reputation as a real estate education destination.
The revised forecast reflects pent-up travel demand cooling down and traditional hotel alternatives eating into demand.
The move is part of CBRE's plan to strengthen its recession-proof business lines.
CBRE posted $8.9B in first-quarter revenue, up 12% from last year, but executives warned that the fight over tariffs was already causing clients to press pause.
The global brokerage will help advise companies looking to expand their AI operations with Nvidia chips, the tech giant said.
Commercial real estate lending saw improved activity in the third quarter, while investment sales volume showed stabilization, according to CBRE.
Despite global uncertainty, CBRE believes that commercial real estate vacancy rates in central Dublin have turned a corner.
CBRE CEO Bob Sulentic said customers are no longer waiting for interest rates to come down, which helped the firm boost earnings per share by 47% in Q2.
The brokerage’s global corporate headquarters will stay put in Dallas.
Danny Queenan, who had been leading CBRE's real estate investments, will focus on heading up Trammell Crow Co.
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