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CBRE Launches New Co-Working Business, Taking on WeWork

CBRE Launches New Co-Working Business, Taking on WeWork

Property firm plans partnerships with landlords that enable them to maintain their relationship with tenants

CBRE Group Inc. and other big brokers are trying to muscle their way into the increasingly crowded but lucrative co-working business, aiming to help landlords create their own flex-space companies that cut out middlemen like WeWork Cos.

WSJ

Large companies have embraced co-working and flex space because it allows them to expand and contract their space quickly.

More info at WSJ:
CBRE Launches New Co-Working Business, Taking on WeWork

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CBRE

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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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.

Contact:

Nadja Brandt
Corporate Communications, Pacific Southwest

+1 213 6133627