Last $33.27 USD
Change Today +0.32 / 0.97%
Volume 2.0M
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As of 4:15 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

cbre group inc - a (CBG) Key Developments

CBRE Clarion Global Real Estate Income Fund Announces Distribution for the Month of January 2015 Payable on January 30, 2015

CBRE Clarion Global Real Estate Income Fund (IGR) announced that it will pay a monthly distribution for January of $0.045 per share on January 30, 2015 to shareholders of record on January 23, 2015. The ex-dividend date is on January 21, 2015.

CBRE Group, Inc. Announces Refinances Existing Credit Facilities

CBRE Group, Inc. announced that it has refinanced its existing credit facilities by amending and restating its senior secured credit agreement, which provides for a five-year $2.6 billion revolving credit facility and a five-year $500 million Tranche A term loan facility. The new revolving credit facility has an initial interest rate of LIBOR+125 basis points and an initial facility fee of 25 basis points. The new term loan has an initial interest rate of LIBOR+150 basis points. Proceeds from the new Tranche A term loan and the $125 million of recently-issued 5.25% Senior Notes due 2025, along with cash, were used to pay off Tranche A and Tranche B term loans and the remaining revolving credit facility balance under the prior credit facility. These had balances of $434.4 million, $211.2 million, and $5 million, respectively, as of December 31, 2014. The new revolving credit facility will have a zero drawn balance at closing.

CBRE Group, Inc.(NYSE:CBG) dropped from S&P 500 Value Index

CBRE Group, Inc.(NYSE:CBG) dropped from S&P 500 Value Index

Cooperation Investment House Names Cbre as Leasing Agent for United Tower in Bahrain

CBRE been appointed by Cooperation Investment House SPC as the exclusive leasing agent for the iconicUnited Tower- a key project in the master-planned project, Bahrain Bay. Strategically located on the waterfront, the landmark development is designed as a twisting structure rising from an octagonal floor plate, rotating counterclockwise and offers uninterrupted 360 degree views of the bay corniche and downtown Manama. United Tower is a landmark development in the Kingdom and withits primelocation at the Bahrain Bay waterfront community, and superior build quality,itis sure to attract high-profile occupiers.

CBRE Announces Executive Changes

CBRE announced that former Lloyds Banking Group managing director and head of the corporate real estate business Richard Dakin has joined CBRE as managing director of capital advisors. Dakin will also join CBRE's strategy and management boards. Philip Cropper, the existing managing director of the agent's Capital Advisors business, will become chairman of the department.

 

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CBG

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Valuation CBG Industry Range
Price/Earnings 28.0x
Price/Sales 1.3x
Price/Book 5.1x
Price/Cash Flow 17.0x
TEV/Sales 0.9x
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