TULSA – December 17, 2014 –CBRE Group, Inc. (NYSE: CBG) today announced that it has acquired CBRE|Oklahoma, a commercial real estate services firm that has served as CBRE’s affiliate in Oklahoma City and Tulsa, Oklahoma, and in northwest Arkansas since 1999.
CBRE | Oklahoma is one of the region’s leading providers of leasing, investment sales, property management and corporate services. The firm, led by co-founder Tom O’Brien and senior leaders Cary Phillips and Lori Bryant, has a staff of 180 and manages more than 18 million square feet in the region.
“Tom, Cary, Lori and their colleagues in Oklahoma and Arkansas have built this firm into a regional leader,” said Michael Caffey, Executive Managing Director, Texas Region, CBRE. “They also embrace our corporate values and commitment to delivering exceptional client outcomes. We look forward to working more closely than ever with the team to build advantage for our clients.”
Oklahoma is a growing business center in the Southwest and has been recognized for its favorable business climate. The energy, aerospace and defense contracting sectors have been strong growth drivers in the region.
“CBRE is a great fit for us both strategically and culturally,” said Tom O’Brien, CBRE|Oklahoma’s co-founder. “Fully integrating into CBRE’s premier global platform will allow us to expand the depth and breadth of the services we offer to our clients.”
Mr. O’Brien will join CBRE, focusing on strategic client relationships. Mr. Phillips will join CBRE as Managing Director, Brokerage Services, and Ms. Bryant will join as Managing Director, Asset Services. Also joining CBRE are CBRE|Oklahoma’s team of professionals and staff.
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.