Los Angeles Times Stated, “With corporate headquarters on Bunker Hill downtown, CBRE Group Inc. — the world’s largest real estate services firm — is one of only a handful of Fortune 500 firms based in Los Angeles. And it’s riding high after a long real estate boom. The company finished the first quarter with its profit up nearly 60% compared with a year earlier to $130 million after posting record revenue of $13.1 billion in 2016. Los Angeles has notably benefited from the boom too, and looks to continue doing so. The city ranked No. 1 in a recent CBRE survey of global real estate investors looking to buy property this year in North America.
“L.A. is the Clayton Kershaw of destinations for institutional capital,” said Chief Executive Robert Sulentic, 60, who has led the company since 2012 and previously was chief executive of Trammell Crow Co., a Texas real estate developer CBRE acquired in 2006.”
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