Broker News
Broker News
Top 25 Brokerages
The Top 25 Brokerages listing is based on responses to NREI's Top Brokerage survey, which was originally published in April. Brokers were asked to provide...
Brokerage M&A Wave: Does 1+1=3?
Who would have guessed even a year ago that Cushman & Wakefield would buy Sonnenblick-Goldman? After all, C&W is known as a leading brokerage firm, while...
Snack Maker Buys Brooklyn Site
Frito-Lay has purchased a 182,000 sq. ft. distribution center site in Brooklyn, NY. The property—located at 222 Morgan Avenue—was sold for $8.7 million for Quattro Properties. Quattro is controlled by Steel Equities....
DEALS & PROJECTS
FIRST HUNTINGTON CENTER LP has purchased The Plaza at Huntington Beach, a 301,947 sq. ft. mixed-use center in Irvine, Calif., for $36.2 million. The buyer...
About-Face for CBRE
CB Richard Ellis has developed a flair for the dramatic. Only seven months after shaking up the commercial real estate industry with its acquisition of...
CEO Search Under Way at Jones Lang LaSalle
The surprise departure of Chris Peacock as CEO of Jones Lang LaSalle (JLL) could ultimately create a growth opportunity for the global real estate services...
Peacock Resigns as CEO of Jones Lang LaSalle
Christopher Peacock has resigned as president and CEO of real estate services firm Jones Lang LaSalle Inc., effective immediately. He also has retired...
Two CBRE Brokers Move to Cushman & Wakefield and JRT
Two CB Richard Ellis brokers have moved to rival firms. Steven Strati, formerly a senior vice president and leasing broker at CBRE, is now a senior director...
Jones Lang LaSalle Terminates European Executives
The head of Jones Lang LaSalle’s German operations has resigned, and two other JLL executives have been fired in connection with a criminal investigation....
WELLS REIT SPONSOR FINED $150,000 BY NASD FOR BROKER GIFTS
Wells Investment Services, sponsor of Wells Real Estate Investment Trust (REIT), has been sanctioned by the National Association of Securities Dealers...
Atlanta Brokers Play Musical Chairs
Just when it appeared the brokerage operation at Trammell Crow's Atlanta office nearly was down for the count, the company has fought back by hiring a...
Key CBRE Brokers Defect To Cushman & Wakefield
Two of CB Richard Ellis’ strongest sales brokers have jumped ship to Cushman & Wakefield only days after another key CBRE broker, Woody Heller, defected...
More CBRE Defections To Occur This Week
Two of CB Richard Ellis’ strongest sales brokers are jumping ship to Cushman & Wakefield only days after another key CBRE broker, Woody Heller, defected...
Top Sales Broker Moves to Studley
Two months after CB Richard Ellis bought Insignia/ESG, a star Insignia sales broker has jumped ship. Woody Heller, who only worked at Insignia/ESG since...
Bigger And Better, Or Just Bigger?
Now that the $430 million mega-merger between CB Richard Ellis and Insignia/ESG is complete, the next few months will be a critical test for the brokerage...
The Sweet Spot
With national office vacancy hitting 15% by midyear, leasing brokers are fighting an uphill battle to close deals. Many aren't closing any deals at all....
Four Insignia Brokers Move To Rival Firm
With the CB Richard Ellis/Insignia merger only one month old, four Insignia investment sales brokers have joined real estate investment banking firm Rockwood...
WEB EXCLUSIVE — CBRE CEO Wirta on Merger: Size Brings Competitive Advantage
Effective today, Ray Wirta is CEO of a bolstered real estate services juggernaut as the official merger between CB Richard Ellis and Insignia/ESG was...
On the Merger, Off The Record
Several Manhattan-based real estate executives were queried on the impact of the now finalized merger between CB Richard Ellis and Insignia/ESG. None...
New York’s Strategic Value A Cornerstone of CBRE/Insignia Merger
With the merger between CB Richard Ellis and Insignia finalized, a new brokerage kingdom now rules New York City. In fact, many industry sources believe...
Top 25 Brokerages
The Top 25 Brokerages listing is based on data provided by participating companies. Brokers were asked to provide the total dollar value of leasing transactions...
CB Offsets Leasing Drought With Investment Sales
It has been a particularly turbulent period for the brokerage industry. Over the past 18 months, a leasing drought has led to layoffs at several big-name...
CB Richard Ellis, Insignia Unload $44M of Assets
Insignia Financial Group and CB Richard Ellis have sold $44 million worth of Insignia-owned real estate assets to a fund controlled by Insignia Financial...
Lend Lease to Exit Real Estate Investments Operations
Lend Lease Corp. today announced that it plans to exit its real estate investment operations in the United States and some European-based groups. The...
The Changing Brokerage Paradigm
These are edgy times for commercial real estate brokerages. Office leasing volume is flat-lining, top brokers are switching firms and mergers are creating...
