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CBRE Group, Inc. (NYSE:CBG) today announced that it has agreed to acquire the Global WorkPlace Solutions facilities management business of Johnson Controls, Inc. (NYSE:JCI) for just under $1.48 billion cash. The purchase price in the transaction reported by CoStar and other news outlets earlier in March is $1.475 billion cash, or $1.3 billion...
Sensing a bottom in some core U.S. office property cap rates, Brookfield Asset Management Inc. and its affiliate Brookfield Property Partners LP, are in the late stages of selling nearly $2 billion in...
Metlife Inc. one of the largest insurance providers in the U.S., announced plans to consolidate several Manhattan offices in its namesake building, signing a 12-year lease for 335,000 square feet at 200...
It's time to update those contact managers with CoStar's People of Note , reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Washington DC...
As the San Diego City Employees’ Retirement System’s (SDCERS) board this past month debated putting an additional $30 million into JP Morgan’s Strategic Property Fund, a 100% core fund in which it already...
A spate of high vacancy office purchases this month seems to indicate that investors who are willing to take on more risk of high vacancy office buildings have found ways to hedge their bets. CoStar...

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