CBRE moving HQ from LA to Dallas

CEO Robert Sulentic already splits his time between Texas and California

National /
Oct.October 29, 2020 11:20 AM
CBRE CEO Robert Sulentic and the Dallas HQ building at 2100 McKinney Avenue in Texas (CBRE; Google Maps)

CBRE CEO Robert Sulentic and the Dallas HQ building at 2100 McKinney Avenue in Texas (CBRE; Google Maps)

CBRE is trading in its Cali-cool shades for a pair of cowboy boots.

The world’s biggest real estate services firm is moving its headquarters from Los Angeles to Dallas, the Dallas Morning News reported.

Company CEO Robert Sulentic, who headed the Dallas-based developer Trammell Crow Co. when it was acquired by CBRE in 2006, already has an office in the Texas city and splits his time between there and L.A.

The move is seen as a symbolic boost for the Dallas-Fort Worth area, which according to the Dallas Morning News led the country in commercial real estate sales through the first nine months of 2020.

CBRE isn’t expected, however, to move a significant number of jobs from L.A. to Dallas. The company employs around 100,000 people in more than 530 offices worldwide.

In New York City, the company recently consolidated offices in its local headquarters at the MetLife Building. [Dallas Morning News] — Rich Bockmann

 

Related Articles

arrow_forward_ios
WATCH: How climate change puts real estate at risk
WATCH: How climate change puts real estate at risk
WATCH: How climate change puts real estate at risk
Mack-Cali Realty CEO Mahbod Nia and a rendering of Harborside 1 (Mack-Cali Realty)
Mack-Cali Realty revamps Harborside office complex
Mack-Cali Realty revamps Harborside office complex
The reopening of NYC has created a surge of demand for apartments. (Getty)
Reopening sparks signs of a real estate rush
Reopening sparks signs of a real estate rush
Non-New York residents who worked remotely last year will still have to pay New York taxes. (iStock)
NY tax officials crack down on remote workers
NY tax officials crack down on remote workers
Cushman & Wakefield CEO Brett White (Cushman)
Cushman eyeing M&A opportunities post-pandemic
Cushman eyeing M&A opportunities post-pandemic
Donald Trump and 40 Wall Street (iStock, Sterlfilms/Wikimedia)
40 Wall’s valuation chop means tax savings for Trump Org
40 Wall’s valuation chop means tax savings for Trump Org
Google CEO Sundar Pichai (Getty, iStock)
Google’s hybrid model will allow 20% of employees to work remotely
Google’s hybrid model will allow 20% of employees to work remotely
Illustration of Amazon's Jeff Bezos (Photo illustration by Kevin Rebong for The Real Deal)
No room in the warehouse: Amazon fuels shortage
No room in the warehouse: Amazon fuels shortage
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...