CBRE Group (CBRE) Acquires 35% Stake in Flexible Workspace Firm Industrious - Bloomberg, Citing Interview
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CBRE Group (CBRE) Tops Q4 EPS by 51c, Revenues Beat
February 23, 2021 6:58 AM ESTCBRE Group (NYSE: CBRE) reported Q4 EPS of $1.45, $0.51 better than the analyst estimate of $0.94. Revenue for the quarter came in at $6.91 billion versus the consensus estimate of $6.33 billion.
We ended 2020 on a high note with adjusted earnings per share for the quarter reaching an all-time high and adjusted EBITDA growing by 9%,... More
CBRE Group (CBRE) Acquires 35% Interest in Industrious
February 22, 2021 8:06 AM ESTCBRE Group, Inc. (NYSE: CBRE) today announced the acquisition of a 35 percent interest in Industrious, a leading provider of premium flexible workplace solutions in the U.S. CBRE is now Industrious largest shareholder. In addition, CBRE is expected to acquire an additional 5 percent of Industrious in the coming weeks, which would result in a 40 percent total stake.
The investment significantly increases CBREs participation in the flexible workplace sector and positions the company to meet rising demand from occupiers for agile space solutions a trend that is being accelerated by the Covid-19... More

