The Coldwell Banker Richard Ellis Group is the largest commercial real estate service company in the world. The company provides a variety of services to investors, property owners, occupants, and other professionals. CRBE’s services include project management, property management, leasing, and capital market advisory. CBRE also operates an investment management segment that manages assets over $100 billion. For property occupiers, CBRE offers services like transaction advisory, consulting, and project management.
CBRE was established by Tucker, Coldwell, and Lynch way back in 1906 after the famous San Francisco earthquake in the same year. The company went public in 1996 but then went off the market again shortly after it got acquired. In 1998, the company, then known as CB Commercial, merged with Richard Ellis International. It got its current name, CB Richard Ellis, at that time. CB Richard Ellis went public again in 2004 and in 2006, the company’s stock was added to the S&P 500 index. After making acquisitions in 2006 and 2011, the company changed its name again to the CBRE Group in 2011. Since then, the company has continued making acquisitions as part of its growth strategy.
If you are looking to invest in the real estate sector, then a stock like CBRE is one of the first that comes to mind. There are other sub-sector plays like homebuilding which can also be looked at based on recent performances. CBRE’s stock closed at $63 on 15th January 2021. It has been flat over the preceding month and is up close to 4% for the preceding year. Homebuilder PulteGroup has had a decent few months post the March market crash. Its stock closed at $42 on 15th January 2021. The stock is down 5% for the past month and almost flat for the preceding year. However, it pays a 1.3% dividend yield at current price levels. The homebuilding sector has been buoyed by low interest rates and high demand.