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CBRE Group is profiting from consolidation among office space firms
CBRE Group is profiting from consolidation among office space firms

What do Microsoft Corp., the Chinese e-commerce giant Alibaba Group and JPMorgan Chase & Co. have in common? All turned to CBRE Group Inc., based in Los Angeles, to handle global and U.S. office space needs. CBRE is the world's largest commercial real estate brokerage. Its vast footprint includes 440 offices in 60 countries, including operations in London, Paris, Hong Kong, Singapore and Sydney, Australia. "We have $90 billion of assets under management on the investment side of our business," said James R. Groch, CBRE's chief financial officer at an investors conference last month. "And we have about 3.5 billion square feet of property under management for...

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