Tag: CBRE

CBRE Inks Billion-Dollar Deal to Acquire Facility Services Provider J&J Worldwide

CBRE Group Inc. has announced a definitive agreement to acquire J&J Worldwide Services—a provider of engineering services, base support operations, and facilities maintenance for the U.S. federal government—from private equity firm Arlington Capital Partners. CBRE, one of the world’s largest commercial real estate services and investment firms, said the deal will expand the Dallas-based company’s […]

Companies Prioritize Shared Office Space in the Age of Hybrid Work

In 2023, 90% of companies offered some level of hybrid work, according to a new survey from CBRE. The adoption of hybrid work is driving companies to lease less space and redesign their offices to be more effective for employees, with space changes varying by industry. The annual survey reflects workplace and occupancy insights from 66 […]

What’s Ahead for FM Costs in 2024?

Facilities management (FM) costs are slated to rise again in 2024 but moderately compared to a spike in 2022, according to a new report from CBRE’s Global Workplace Solutions (GWS) business. The report expects FM costs to increase 2.5% in the U.S. in 2024, down from a forecast gain of 3.3% in 2023 and a […]

Which U.S. Cities Are Leading the Uptick in Office Conversions?

Office conversions in the U.S. are on pace to more than double their recent annual average this year, with momentum picking up due to increased incentives and other support from state and local governments, according to new insight from CBRE. CBRE analyzed the number of office conversions in major U.S. cities since 2016 and found nearly 100 projects […]

Faces of Facilities: Bobby R. LaRon from CBRE

As the immediate past chair of the International Facility Management Association’s (IFMA) Americas Advisory Board, Bobby R. LaRon remains passionate about advancing the FM industry. He calls for collaboration, encourages high-tech solutions, and promotes the invaluable role of facilities managers. LaRon has about 14 years of industry experience and currently serves as senior commercial property […]

CBRE Report: Most Companies Requiring Office Attendance

Companies are more proactive about office attendance than last year, with 65% saying they’re requiring in-office work at least some of the time, according to a new survey by CBRE of 207 companies with U.S. offices. This is more than double the respondents that required in-office attendance last year. Partly due to those proactive efforts, office […]