CBRE Group, Inc. Enhances Retail Real Estate Services Offering in the U.S. Mid-Atlantic Region with Acquisition of Fameco

  CBRE Group, Inc. Enhances Retail Real Estate Services Offering in the U.S.
  Mid-Atlantic Region with Acquisition of Fameco

Business Wire

LOS ANGELES -- September 26, 2013

CBRE Group, Inc. (NYSE:CBG) today announced it has acquired Fameco, a leading
firm specializing in retail real estate services in the U.S. Mid-Atlantic
region. The acquisition of Fameco significantly bolsters CBRE’s retail service
offering in the greater Philadelphia area and throughout the Mid-Atlantic

Founded in 1992, Fameco provides retailer representation, agency leasing,
investment sales, land brokerage and property management in Pennsylvania, New
Jersey and Delaware. With the acquisition, CBRE will add 250 shopping centers
and retail properties, totaling 20 million sq. ft., to its leasing portfolio;
20 million sq. ft. of retail property management assignments; and 75 retailers
to its tenant representation roster.

“The Fameco professionals are a wonderful addition to our team,” said Robert
Walters, Executive Managing Director, Philadelphia, for CBRE. “They fit our
culture perfectly, share our passion for excellence and complement our
existing capabilities extremely well. By bringing together the power of CBRE’s
global platform with the specialized retail expertise of Fameco, we will
further enhance both our position in the marketplace and the quality of our
service offering.”

“We are very excited about the possibilities that should open up for us – and
for our clients – now that we are part of CBRE,” said Brandon Famous,
co-founder of Fameco.

“We have worked diligently for the past two decades to provide our clients
with premier services,” added Jeffrey Cohen, co-founder of Fameco. “By joining
forces with CBRE and accessing its deep capabilities, resources and
collaborative culture, we can more effectively meet our clients’ needs on a
regional, national and global basis.”

“The Fameco acquisition reflects our strategy to strengthen our presence in
the retail real estate sector nationally,” said Cal Frese, Chief Executive
Officer, Americas, for CBRE. “We see considerable opportunity to expand the
depth and breadth of our service offering to retail investors and occupiers
across the country, and this transaction certainly advances our growth

Besides Mr. Famous and Mr. Cohen, more than 100 Fameco professionals will join
CBRE. CBRE’s plan is for the Fameco team to do business under the trade name
of CBRE|FAMECO, pairing the industry’s most widely recognized global brand
with a brand that is synonymous with excellence in retail real estate
throughout the Mid-Atlantic region.

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 2012 revenue). The Company has approximately
37,000 employees (excluding affiliates), and serves real estate owners,
investors and occupiers through more than 300 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

“Safe Harbor” Statement Under the U.S. Private Securities Litigation Reform
Act of 1995

Certain of the statements in this release regarding the acquisition of Fameco
that do not concern purely historical data are forward-looking statements
within the meaning of the ''safe harbor'' provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements
involve risks and uncertainties, including, but not limited to, the ability of
the parties to successfully integrate Fameco with CBRE’s existing operations,
as well as other risks and uncertainties discussed in CBRE’s filings with the
U.S. Securities and Exchange Commission (SEC). Any forward-looking statements
speak only as of the date of this release and, except to the extent required
by applicable securities laws, CBRE expressly disclaims any obligation to
update or revise any of them to reflect actual results, any changes in
expectations or any change in events. If CBRE does update one or more
forward-looking statements, no inference should be drawn that it will make
additional updates with respect to those or other forward-looking statements.
For additional information concerning factors that may cause actual results to
differ from those anticipated in the forward-looking statements, and risks to
CBRE’s business in general, please refer to CBRE’s SEC filings, including its
Annual Report on Form 10-K for the fiscal year ended December 31, 2012 and its
Quarterly Report on Form 10-Q for the quarter ended June 30, 2013. Such
filings are available publicly and may be obtained off the Company's website
at or upon request from the CBRE Investor Relations Department at


CBRE Group, Inc.
Gil Borok
Chief Financial Officer
Nick Kormeluk
Investor Relations
Steve Iaco
Corporate Communications
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