Matt Pullen, the former CBRE director, has launched legal action against the company after the investigation into him over allegations of rape were dropped earlier this week. Pullen was arrested on 31 October last year at the Grange City Hotel in London following an accusation of rape. He had been on bail for the last six months, without charge, pending further enquiries until the City of London Police confirmed that no charges would be brought.

CBRE Group, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company announced revenue of $1,475,063,000 compared to $1,349,989,000 for the same period a year ago. Operating income was $101,174,000 compared to $76,063,000 for the same period a year ago. Income from continuing operations before provision for income taxes was $59,670,000 compared to $55,359,000 for the same period a year ago. Income from continuing operations was $40,666,000 or $0.11 per basic and diluted share compared to $29,946,000 or $0.08 per basic and diluted share for the same period a year ago. Net income was $61,855,000 compared to $29,946,000 for the same period a year ago. Net income attributable to the company was $37,546,000 or $0.11 per basic and diluted share compared to $26,975,000 or $0.08 per basic and diluted share for the same period a year ago. EBITDA was $159,754,000 compared to $140,523,000 for the same period a year ago. Net income attributable to the company, as adjusted was $51,529,000 compared to $45,913,000 for the same period a year ago. Diluted income per share attributable to the company shareholders, as adjusted was $0.16 compared to $0.14 for the same period a year ago. EBITDA, as adjusted was $161,279,000 compared to $150,488,000 for the same period a year ago. Total net debt at the end of the first quarter of 2013 was approximately $1.7 billion. This represents an increase of $198.6 million from year end. The company provided earnings guidance for the fiscal year 2013. The company announced its leading presence in key global markets, broad offering of best-in-class services, and strong, flexible capital structure leave the company well placed to drive further top- and bottom-line growth and improve EBITDA margins. In light of the foregoing, the company continues to expect earnings per share, as adjusted, to be in the range of $1.40 to $1.45 for full-year 2013. The company announced its full year tax rate should approximate the rate for the first quarter that is 35%. For the first quarter ended March 31, 2013, the company announced write-off of financing costs of $13,580,000. Write-off of financing costs, net of tax was $8,258,000.

CBRE Group, Inc. announced that they will report Q1, 2013 results at 4:00 PM, Eastern Standard Time on Apr 25, 2013