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CBRE Group Inc


  • LONDON, May 22- A shortage of prime office space in rival European financial centres may torpedo plans by some of London's banks to quit the UK capital if Britain opts out of European Union membership. Deutsche Bank, the euro zone's second largest bank by assets, confirmed this week it was considering cutting its UK operations if the country pulled out, and other...

  • Hooters Casino Hotel sold for $70 million Monday, 11 May 2015 | 3:48 PM ET

    LAS VEGAS— A real estate broker representing the owners of the Hooters Casino Hotel said the property near the Las Vegas Strip has sold for about $70 million to a New York- based hotel investment company. Michael Parks with CBRE Group in Las Vegas confirmed Monday the 696- room casino-hotel off Tropicana Avenue was sold May 1 to Trinity Hotel Investors LLC.

  • SYDNEY, April 30- China overtook the United States to become the largest source of foreign investment in Australia last year, driven by a surge in real estate purchases that is fuelling fears of a house price bubble. China received approvals to invest A $27.65 billion in Australia, with almost half going into real estate, according to the 2013/ 14 annual report of...

  • April 23- Johnson Controls Inc, the largest U.S. auto parts supplier, reported a 3 percent fall in quarterly revenue, hurt by a stronger dollar. Johnson Controls' earlier profit forecast included a 20- cent contribution from its Global Workplace Solutions business, which it sold to CBRE Group Inc for $1.48 billion in March, the company said. Sales at Johnson...

  • April 23- Johnson Controls Inc, the largest U.S. auto parts supplier, reported lower-than expected quarterly revenue, hurt by a stronger dollar. Johnson Controls' earlier profit forecast included a 20- cent contribution from its Global Workplace Solutions business, which it sold to CBRE Group Inc for $1.48 billion in March, the company said.

  • NYC chain store blitz burying mom and pop shops Sunday, 19 Apr 2015 | 4:40 PM ET
    Starbucks' Cold Brew is coffee steeped using cool water, while traditional iced coffee is made by brewing hot coffee at double-strength and pouring over ice.

    Eye-popping rents and the demise of well-known haunts have some New Yorkers proposing new rent-renewal rights for small businesses.

  • DUBAI, April 14- Middle East sovereign wealth funds cut their new investments in real estate in the rest of the world by almost a third last year because of the plunge of oil prices, consultants CBRE estimated. Outbound property investment by the SWFs, the vast majority of which are from the wealthy Gulf Arab oil exporters, dropped 31 percent to $5.84 billion in 2014...

  • Top 5 stocks of the week and how to trade them Thursday, 2 Apr 2015 | 1:11 PM ET
    A customer leaves a J.C. Penney store in Daly City, California.

    CNBC Pro highlights the top performing stocks this week and analyzes whether the good times will continue.

  • BUSINESS NEWS SCHEDULE AT 1830 GMT/2:30 PM ET Tuesday, 31 Mar 2015 | 2:30 PM ET

    Editor: Steve Orlofsky 1 646 223 6214. NEW YORK- U.S. consumer confidence rebounded strongly in March amid optimism over the labor market and home prices increased, hopeful signs that a recent sharp slowdown in economic activity will be temporary. NEW YORK- U.S. stocks decline in a retreat from the previous session's sharp rally, but major indexes remain on track...

  • Early movers: MRH, JCI, DHI, PHG, TEVA, CVC & more Tuesday, 31 Mar 2015 | 7:51 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • March 31- Johnson Control Inc, a maker of climate control systems for buildings, said it would sell its global workplace solutions business to CBRE Group Inc for $1.48 billion in cash. CBRE, the world's largest commercial real estate services firm, said it expects the deal to add to adjusted earnings in 2016.. Johnson Controls' global workplace solutions provides...

  • PARIS, Feb 21- U.S. real estate investment management firm CBRE Global Investors aims to raise 1.2 billion euros by selling 10 shopping malls in France and Belgium, according to French newspaper Le Figaro. Le Figaro said CBRE, which has $90.6 billion of assets under management, wanted to sell the malls because the fund for which it was operating them matures this...

  • After-hours buzz: Yum, Keurig, Under Armour & more Wednesday, 4 Feb 2015 | 5:00 PM ET
    New York Stock Exchange NYSE

    Check out which companies are making headlines after the bell Wednesday: Yum, Keurig, Under Armour & more.

  • Stocks close up sharply, boosted by Greece and oil Monday, 2 Feb 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed sharply higher on encouraging news from the Eurozone and stronger oil prices.

  • *Manchester, Leeds, Glasgow amongst favoured destinations. Commercial and residential property in London has become a popular safe haven for investors from places such as Russia, China and southern Europe as a result of the financial crisis, and office prices have bounced back strongly from the lows. "We do need to be savvy as to where we invest, and there are some...

  • Tesco store closures herald broader property overhaul Thursday, 8 Jan 2015 | 11:37 AM ET

    *43 stores set to close, many of them small Express format. LONDON/ BERLIN, Jan 8- Tesco's announcement on Thursday that it will close 43 stores and cancel another 49 developments is just the start of a review of a huge property portfolio that is out of tune with modern shopping habits. They have to accept that shopping habits have permanently changed, "said Planet...

  • There's no Christmas joy for these supermarkets Monday, 5 Jan 2015 | 10:14 AM ET
    People look for milk products at a Whole Foods supermarket in Washington.

    Christmas comes just once a year – but the problems affecting the big U.K. supermarkets are expected to linger all year long.

  • HONG KONG, Dec 31- When Xi Jinping wanted to deliver a political message to Hong Kong as protesters demanding free elections were threatening to take to the streets, he summoned the tycoons who dominate the city's economy. But while Xi's message that day in the Great Hall of the People failed to deter the protesters, in speaking directly to the city's business and...

  • *Dubai stock market downturn evokes 2008 crash. *Stronger global economy due to cheap oil could help Dubai. So oil's current slide is being watched closely in Dubai.

  • The Millenaire mall: coping in low-growth France Sunday, 14 Dec 2014 | 2:00 AM ET

    AUBERVILLIERS, France, Dec 14- In the middle of 2008, construction began on France's biggest mall project in a decade. The 140- store centre, dubbed a "ghost mall" by some visitors, epitomizes the current state of France: high expectations stalled by low spending, dispirited entrepreneurs and a lack of growth prospects since GDP slumped 2.9 percent in 2009 and...