The mixed-use development, slated to open in mid 2025, will transform downtown Phoenix with apartments, student housing, office, and retail space PHILADELPHIA, Sept. 10, 2024 /PRNewswire/ -- GMH Communities (GMH), a vertically-integrated real estate company specializing in the acquisition, development and management of exceptional living communities throughout the United States, officially named the innovative residential properties at Central Station, marking a significant milestone in the innovative mixed ...

Investors may think that home prices are the only way to play the real estate sector, whether by investing in physical property or crowdfunding platforms that allow retail investors to tap into the income and appreciation potential from owning a share in a portfolio of properties. However, there are other lateral plays that offer a much better risk-to-reward ratio. As home prices now hit a new all-time high, with the average home price hovering at $501,700, investing in single-family homes has very little u ...

The U.S. is home to the majority of the world's data centers, with more than 2,800. The closest nation after that is the United Kingdom, with less than 400, according to the Data Center Map. Data centers are the physical vertebrae of internet infrastructure, supporting cloud computing capabilities and artificial intelligence. The value of the land where data centers are planned to be built is now soaring, 10 times the original price in one case from Vint Hill, Virginia. Pat Lynch, executive managing directo ...

The over 25K-square-foot space will provide room to accommodate the sustainability company's impressive growth DENVER, Aug. 21, 2024 /PRNewswire/ -- Redaptive, renowned for its data and sustainability solutions for industrial and commercial customers, is moving its headquarters from The Circa Building to a much larger, 25K-square-foot space on the eighth floor of McGregor Square in LoDo. The move comes on the heels of significant company growth. Redaptive's new headquarters is located in McGregor Square, wh ...

CBRE Group's (CBRE) wide array of real estate products and service offerings and healthy outsourcing business position it well for growth. Its solid balance sheet position also bodes well. Last month, this Dallas, TX-based real estate came up with better-than-expected second-quarter 2024 results. The company reported core earnings per share (EPS) of 81 cents, surpassing the Zacks Consensus Estimate of 69 cents. The results reflected growth in its resilient lines of business. Shares of this Zacks Rank #2 (Bu ...

CBRE Group, Inc. (NYSE:CBRE) Q2 2024 Results Conference Call July 25, 2024 8:30 AM ET Company Participants Chandni Luthra - Executive Vice President, Head of FP&A and Investor Relations Bob Sulentic - Chair & Chief Executive Officer Emma Giamartino - Chief Financial Officer Conference Call Participants Ronald Kamdem - Morgan Stanley Anthony Paolone - JPMorgan Jade Rahmani - KBW Michael Griffin - Citi Steve Sakwa - Evercore ISI Stephen Sheldon - William Blair Peter Abramowitz - Jefferies Operator Greetings, ...

CBRE Group Inc. (CBRE) reported second-quarter 2024 core earnings per share (EPS) of 81 cents, ahead of the Zacks Consensus Estimate of 69 cents. However, the reported figure declined 1.2% year over year. Reflecting positive sentiments, shares of CBRE were up more than 9% so far today. Results reflect growth in its resilient lines of business. Global Workplace Solutions ("GWS") experienced strong business wins with a healthy balance of new clients and expansion. The leasing business performed well due to of ...

For the quarter ended June 2024, CBRE Group (CBRE) reported revenue of $8.39 billion, up 8.7% over the same period last year. EPS came in at $0.81, compared to $0.82 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $8.52 billion, representing a surprise of -1.52%. The company delivered an EPS surprise of +17.39%, with the consensus EPS estimate being $0.69. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

CBRE Group (CBRE) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 17.39%. A quarter ago, it was expected that this provider of real estate investment management services would post earnings of $0.69 per share when it actually produced earnings of $0.78, delivering a surprise of 13.04 ...

Table of contents Long-term debt consists of the following (dollars in millions): On February 23, 2024, CBRE Services issued $500.0 million in aggregate principal amount of 5.500% senior notes due April 1, 2029 (the 5.500% senior notes) at a price equal to 99.837% of their face value. The 5.500% senior notes are unsecured obligations of CBRE Services, senior to all of its current and future subordinated indebtedness. The 5.500% senior notes are guaranteed on a senior basis by CBRE Group, Inc. Interest accru ...