JLL, CBRE hungry for more businesses and other brokerages in 2016

Miami /
Dec.December 30, 2015 03:45 PM

From the New York website: The biggest commercial real estate brokerages had a voracious appetite for brokerages and other businesses this year, and experts say they are likely to remain hungry in 2016.

CBRE Group and JLL, the largest of their kind in the world, scooped up several brokerages and niche businesses this year, a sign of a thriving market and a shift in demand for firms with greater global clout, the Wall Street Journal reported.

In September, Los Angeles-based CBRE closed on its $1.47 billion acquisition of Johnson Control’s facilities management business, Global Workplace Solutions. It also scooped up United Commercial Realty, Environmental Services Inc. and PKF Consulting. Chicago-based JLL closed or announced 25 deals between the  2014 and the beginning of 2015, totaling more than $500 million, the newspaper reported.

Cushman & Wakefield, however, slowed its acquisitions after its $2 billion merger with DTZ. Analysts said Cushman likely isn’t keeping pace in the acquisition game because it has more debt than JLL and CBRE. The firm, however, seems poised to go public next year, which would help in competing with the two commercial giants.

The volume of acquisitions is, in part, thanks to record-high sales and prices. The firms are also trying to expand their international experience and rely less on volatile broker commissions.  [WSJ]Kathryn Brenzel


Related Articles

arrow_forward_ios
CBRE CEO Bob Sulentic and Gordon Messinger (CBRE/Illustration by Kevin Rebong for The Real Deal)
Gordon Messinger joins CBRE from Cushman & Wakefield
Gordon Messinger joins CBRE from Cushman & Wakefield
Kim Martin-Fisher and Jennifer Martin Faulkner and Liz Lopez
Movers & Shakers: RelatedISG names vice president & more
Movers & Shakers: RelatedISG names vice president & more
Robert M. Swedroe and Steve Levine
Movers & Shakers: South Florida architecture firms merge & more
Movers & Shakers: South Florida architecture firms merge & more
From left: Miguel Solis, Mario Chirino, and Madelayne Garcia
Longtime Berkshire Hathaway team joins Elliman, CBRE taps new South Florida exec & more
Longtime Berkshire Hathaway team joins Elliman, CBRE taps new South Florida exec & more
Ericka Witkowski
Former Cushman & Wakefield broker launches her own firm
Former Cushman & Wakefield broker launches her own firm
Michael S. Sheitelman and Josh Bank
Movers & Shakers: HTG hires Crescent Heights’ former general counsel & more
Movers & Shakers: HTG hires Crescent Heights’ former general counsel & more
Arden Karson
Arden Karson launches real estate firm during Covid
Arden Karson launches real estate firm during Covid
Ivan Chorney and Michael Martirena
Movers & Shakers: Top One Sotheby’s team joins Compass, shakeup at CBRE & more
Movers & Shakers: Top One Sotheby’s team joins Compass, shakeup at CBRE & more
arrow_forward_ios

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

Loading...