Real Estate Management and Development
Company Overview of CBRE Services, Inc.
CBRE Services, Inc. provides real estate services in the United States and internationally. It offers agency brokerage services to property owners and operators, and occupiers/tenants; occupier brokerage services by acting as an advisor, advocate, and partner in navigating the issues associated with occupancy requirements; commercial real estate management services; capital solutions in the areas of debt and equity placement, property sales and acquisitions, and real estate investment banking to the real estate investment community; and real estate outsourcing services to corporate, healthcare, and government organizations. It also provides facility management services for commercial propert...
11150 Santa Monica Boulevard
Los Angeles, CA 90025
Founded in 1906
Key Executives for CBRE Services, Inc.
Compensation as of Fiscal Year 2015.
CBRE Services, Inc. Key Developments
CBRE Services, Inc. Announces Pricing of $600 Million of 4.875% Senior Notes Due 2026
Aug 6 15
CBRE Group, Inc. announced the pricing of the offering of $600 million in aggregate principal amount of 4.875% Senior Notes due 2026. The Notes will have an interest rate of 4.875% per annum and are being issued at a price equal to 99.240% of their face value. The company’s wholly-owned subsidiary, CBRE Services, Inc., will issue the Notes, which are guaranteed on a full and unconditional basis by the company and the subsidiaries that guarantee its senior credit facility. The company estimates that the net proceeds from the offering will be approximately $589.8 million, after deducting the underwriters’ discounts and estimated offering expenses. The company intends to use the proceeds from this offering for general corporate purposes, including paying a portion of the consideration for its previously announced acquisition of Johnson Controls, Inc.’s Global Workplace Solutions (GWS) business. The acquisition is expected to close in the late third quarter or early fourth quarter of 2015. J.P. Morgan, HSBC, BofA Merrill Lynch, Wells Fargo Securities, Credit Suisse, MUFG, RBS and Scotiabank are acting as joint book-running managers for the offering of the Notes.
CBRE Services Plans Offering; Mulls Acquisitions
Aug 6 15
CBRE Services, Inc. has announced a fixed-income offering and plans to use the net proceeds from any sale of securities for general corporate purposes. General corporate purposes may include repayment of debt, acquisitions, additions to working capital, capital expenditures, investments in our subsidiaries and co-investments in our investment funds.
CBRE Group Announces Pricing of $125 Million Tack-On Note Offering
Dec 10 14
CBRE Group Inc. on Dec. 9 announced the pricing of the offering by wholly owned subsidiary CBRE Services Inc. of $125 million aggregate principal amount of 5.25% senior notes due 2025. The tack-on notes will be issued as additional notes under the same indenture as CBRE Services' $300 million of 5.25% senior notes due 2025 that were issued in September. The tack-on notes will have an interest rate of 5.25% per year and are being issued at a price equal to 101.5% of their face value, plus interest deemed to have accrued from Sept. 26. The tack-on notes will be guaranteed on a full and unconditional basis by the company and the subsidiaries that guarantee the existing 5.25% senior notes due 2025.
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