Businessweek

CBRE Group, Inc. operates as a commercial real estate services and investment company. The company offers a range of services to occupiers, owners, lenders, and investors in office, retail, industrial, multi-family, and other types of commercial real estate. As of December 31, 2012, excluding independent affiliates, the company operated in approximately 300 offices worldwide, with approximately 37,000 employees providing commercial real estate services under the CBRE brand name, investment management services under the CBRE Global Investors brand name and development services under the Trammell Crow brand name. In 2012, the company’s client roster included approximately 80 of the Fortune 100 companies, and consisted of firms in a range of industries, including corporations; insurance companies and banks; pension funds and advisors; real estate investment trusts; individuals and partnerships; government agencies; and others. Regions of Operation and Principal Services The company’s segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management; and Development Services. The Americas This segment consists of operations throughout the United States and Canada, as well as key markets in Latin America. Majority of its operations are conducted through its indirect wholly-owned subsidiary CBRE, Inc. The company’s mortgage loan origination, sales, and servicing operations are conducted through its indirect wholly-owned subsidiary operating under the name CBRE Capital Markets, Inc. and its subsidiaries. The company’s operations in Canada are conducted through its indirect wholly-owned subsidiary CBRE Limited. Both CBRE Capital Markets, Inc. and CBRE Limited are subsidiaries of CBRE, Inc. Within its Americas segment, the company organizes its services into the following business areas: Advisory Services The company’s advisory services businesses offer occupier/tenant and investor/owner services that meet the full spectrum of marketplace needs, including real estate services; capital markets; and valuation. Real Estate Services: The company provides strategic advice and execution to owners, investors and occupiers of real estate in connection with leasing, disposition and acquisition of property. Its real estate services professionals are particularly adept at aligning real estate strategies with client business objectives, serving as advisors, as well as transaction executors. The company’s real estate services professionals are compensated primarily through commission-based programs, which are payable upon completion of an assignment. Capital Markets: The company offers clients fully integrated investment sales and debt/equity financing services under the CBRE Capital Markets brand. The tight integration of these services fosters collaboration between its investment sales and debt/equity financing professionals, helping to meet the marketplace demand for comprehensive capital markets solutions. The company’s mortgage brokerage business originates, sells, and services commercial mortgage loans primarily through relationships established with investment banking firms, national banks, credit companies, insurance companies, pension funds and government agencies. Valuation: The company provides valuation services that include market value appraisals, litigation support, discounted cash flow analyses and feasibility and fairness opinions. The company’s valuation business has developed proprietary systems for data management, analysis and valuation report preparation. During 2012, the company completed approximately 40,000 valuation, appraisal and advisory assignments in the Americas. Outsourcing Services The company’s outsourcing services primarily include two major business lines: corporate services and asset services. The company’s management agreements with its asset services clients may be terminated with notice generally ranging between 30 to 90 days. As of December 31, 2012, the company managed approximately 1.5 billion square feet of commercial space for property owners and occupiers in the Americas. Corporate Services: The company provides