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CBRE CEO Bob Sulentic and Gordon Messinger (CBRE/Illustration by Kevin Rebong for The Real Deal)

Gordon Messinger joins CBRE from Cushman & Wakefield

Longtime Cushman & Wakefield broker Gordon Messinger joined CBRE as executive vice president in Miami, where he will focus...

Gordon Messinger joins CBRE from Cushman & Wakefield
From left: Fifth Wall’s Brendan Wallace, Tishman Speyer’s Rob Speyer, Social Capital’s Chamath Palihapitiya, Cantor Fitzgerald’s Howard Lutnick, Pershing Square Capital’s Bill Ackman and Opendoor’s Eric Wu
National Issue

Making sense of the SPACe race

When Fifth Wall Ventures decided to jump into the SPAC market in January, it targeted a raise of $250 million to take a startup public. Within three weeks, it upsized the offering — twice...

Making sense of the SPACe race
(iStock/Illustration by Alexis Manrodt for The Real Deal)
National Insights

Global real estate investment bounced back in Q4

Global commercial real estate investment ended 2020 on a strong note, with deal volume rising 84 percent in the...

Global real estate investment bounced back in Q4
CBRE CEO Robert Sulentic (iStock)
National

CBRE lowers SPAC IPO valuation target to $350M

CBRE Acquisition Holdings, a blank-check company formed by CBRE Group, has lowered the target deal size for its upcoming...

CBRE lowers SPAC IPO valuation target to $350M
CBRE CEO Robert Sulentic (Getty, iStock)
National

CBRE latest real estate firm to hop on SPAC bandwagon

Another major real estate firm is hopping on the SPAC bandwagon. CBRE, the world’s largest real estate services firm,...

CBRE latest real estate firm to hop on SPAC bandwagon
JLL CEO Christian Ulbrich and CBRE CEO Bob Sulentic (Getty; CBRE; Pixabay)
National

JLL, CBRE keep cutting as recovery drags

The commercial real estate industry’s biggest service firms continue to slash expenses as the economic slowdown squeezes their business. UPDATED, Nov. 2, 4:38 p.m.: JLL and CBRE recently made layoffs and budget cuts to...

JLL, CBRE keep cutting as recovery drags
Bob Sulentic (Getty, iStock)
National

CBRE income falls nearly 10%

CBRE’s income fell nearly 10 percent during the third quarter as the pandemic forced large office tenants to put their leasing decisions on hold. Income for the world’s largest real estate services firm fell...

CBRE income falls nearly 10%
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