CBRE moving HQ from LA to Dallas

CEO Robert Sulentic already splits his time between Texas and California

National /
Oct.October 29, 2020 10:22 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
TTX Company CEO Thomas Wells and 101 North Wacker Drive (Google Maps)

Off the rails: Freight train provider lists West Loop HQ for sublease

Off the rails: Freight train provider lists West Loop HQ for sublease
Liberty Mutual at 27201 Bella Vista in Warrenville (Google Maps)

Chicago’s Q3 suburban office market hits highest vacancy in decade

Chicago’s Q3 suburban office market hits highest vacancy in decade
65 E. Wacker Place (Credit: Google Maps)

Facing possible default, Loop office building hits market

Facing possible default, Loop office building hits market
1100 W. Fulton Market (Courtesy of Fulton St. Co.)

$40M building could break Fulton Market records

$40M building could break Fulton Market records
Brian Whiting, CEO of Telos Group, and the Old Post Office (Credit: Google Maps)

Lonely at the top: 601W Cos. opens Old Post Office rooftop park in WFH world

Lonely at the top: 601W Cos. opens Old Post Office rooftop park in WFH world
Sandeep Mathrani, 1155 W. Fulton and 1114 W. Fulton (Credit: Google Maps and John Sciulli/Getty Images for Bloomingdale's)

Exit strategy: WeWork eats Fulton Market leases

Exit strategy: WeWork eats Fulton Market leases
(iStock)

Chicago’s office market hits ugly vacancy number

Chicago’s office market hits ugly vacancy number
If there’s a 20% drop in users of the downtown office market, Chicago’s character could massively decline (iStock)

The double whammy hitting Chicago’s downtown

The double whammy hitting Chicago’s downtown
arrow_forward_ios

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

Loading...