Market Overview

CBRE Acquires New England Joint Venture


CBRE Group, Inc. (NYSE:CBRE) today announced that it has acquired CB
Richard Ellis-N.E. Partners, L.P. (CBRE/New England), a long-standing
joint venture with Whittier Partners Group and the largest full-service
commercial real estate services operation in New England.

The CBRE/New England leadership team and professionals will join CBRE
immediately. However, the CBRE/New England brand will remain until the
end of the year. This is the second move to bolster CBRE's New England
platform this year. In February 2018, a large group of top commercial
real estate professionals from Transwestern, led by Steve Purpura,
joined CBRE.

"We are very excited to fully integrate our market leading regional
platform into CBRE, the industry's leader in commercial real estate
services. We felt the timing was right for this transition to better
serve our clients and our employees. Joining forces with CBRE along with
Steve Purpura and our new colleagues will ensure CBRE's market
leadership in the New England market for the foreseeable future," said
Andy Hoar, President/Co-Managing Partner, CBRE/New England.

According to the Boston Business Journal, CBRE/New England's
operations were ranked number one in 2017, with 12.3 million square feet
of leasing transactions in Massachusetts completed during 2017. The
Purpura-led team that joined CBRE completed more than 9.1 million square
feet of leasing transactions in the same market/period, making them the
region's third-largest commercial real estate operation for 2017.

CBRE/New England, combined with the Purpura-led team, manages more than
100 million square feet of commercial property and corporate facilities,
and has more than 1200 employees. It has seven offices throughout New
England including Boston, Hartford, New Haven, Providence, Portsmouth,
Manchester and Portland.

"Boston is a gateway city and one of the most important real estate
markets in the world. Integrating CBRE/New England officially into the
CBRE business is the right move for our company, our clients and all our
employees in New England. Andy Hoar, Kevin Doyle, Steve Purpura and the
rest of our leadership team couldn't be more excited about what is ahead
of us. They are focused on leveraging this enhanced market-leading
platform to generate exceptional outcomes for our valued New England
clients," said Jack Durburg, Global Chief Operating Officer, CBRE.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company
headquartered in Los Angeles, is the world's largest commercial real
estate services and investment firm (based on 2017 revenue). The company
has more than 80,000 employees (excluding affiliates), and serves real
estate investors and occupiers through approximately 450 offices
(excluding affiliates) worldwide. CBRE offers a broad range of
integrated services, including facilities, transaction and project
management; property management; investment management; appraisal and
valuation; property leasing; strategic consulting; property sales;
mortgage services and development services. Please visit our website at

Forward-Looking Statements

Certain of the statements in this release regarding the acquisition of
CBRE/New England 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.
Forward-looking statements are made based on our management's
expectations and beliefs concerning future events affecting us and are
subject to uncertainties and factors relating to our operations and
business environment, all of which are difficult to predict and many of
which are beyond our control. Accordingly, actual performance, results
and events may vary materially from those indicated in forward-looking
statements, and you should not rely on forward-looking statements as
predictions of future performance, results or events. Numerous factors
could cause actual future performance, results and events to differ
materially from those indicated in forward-looking statements,
including, but not limited to, our ability to successfully integrate
CBRE/New England with our existing operations in the U.S., as well as
other risks and uncertainties discussed in our filings with the U.S.
Securities and Exchange Commission (SEC). Any forward-looking statements
speak only as of the date of this release. We assume no obligation to
update forward-looking statements to reflect actual results, changes in
assumptions or changes in other factors affecting forward-looking
information, except to the extent required by applicable securities
laws. If we do update one or more forward-looking statements, no
inference should be drawn that we 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 other risks
and uncertainties to our business in general, please refer to our SEC
filings, including our Form 10-K for the fiscal year ended December 31,
2017 and Form 10-Q for the quarter ended June 30, 2018. Such filings are
available publicly and may be obtained from our website at
or upon request from the CBRE Investor Relations Department at

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