• In 1906, Tucker, Lynch & Coldwell, the earliest predecessor to CBRE, was established. • In 1913, the company added Benjamin Arthur Banker as a partner and changed the combined entity's name in 1918 to Coldwell, Kern & Banker. In 1919, the name became Coldwell, Kern, Cornwall & Banker, and in 1920, Coldwell, Cornwall & Banker. Cornwall retired in 1940, and the company name changed again to Coldwell, Banker & Company, which was shortened to
Coldwell Banker in 1974. • In 1981, Coldwell Banker was acquired by
Sears. • In 1989, Sears sold Coldwell Banker's commercial unit to a management-led buyout group including
The Carlyle Group for approximately $300 million. After the buyout, the company was renamed CB Commercial Real Estate Group. The residential group retained the Coldwell Banker name. • In 1997, the company acquired Koll Real Estate Services for $145 million. • In 1998, CB Commercial merged with Richard Ellis International and changed its name to CB Richard Ellis (CBRE). It also purchased UK firm Hillier Parker which was rebranded CB Hillier Parker. • In 2001, CBRE was acquired in a
leveraged buyout by an investment group led by
Blum Capital for $800 million. • In 2003, the company acquired
Insignia Financial Group for $415 million. • In 2004, CBRE once again became a public company via an initial public offering. • In 2006, the company's shares were added to the
S&P 500 Index. • In 2006, the company acquired
Trammell Crow Company for $2.2 billion. • In 2011, the company acquired the real estate investment business of
ING Group for $940 million. • In 2011, the company changed its name to CBRE Group Inc. • In 2013, the company acquired Norland Managed Services, a facilities, energy and project management provider in the
United Kingdom and
Ireland. • In 2015, the company acquired Global Workplace Solutions from
Johnson Controls. • In 2018, the company acquired FacilitySource. • In 2019, the company acquired the London developer
Telford Homes. • In 2020, CBRE moved its headquarters from Los Angeles to Trammell Crow's former headquarters building in
Dallas,
Texas. • In 2021, CBRE Group Inc paid £960 million for a 60% stake in the UK multidisciplinary professional services firm
Turner & Townsend. In June 2024, CBRE announced plans to merge its project management businesses into Turner & Townsend, creating a $3bn business employing over 20,000 staff in 60 countries. • In January 2025, CBRE established a new
global financial headquarters at
Lever House in
Midtown Manhattan. ==References==