Commercial/Multifamily Briefs, Feb. 20, 2025

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CBRE Announces Acquisition, New Business Segment

CBRE, Dallas, announced an agreement to acquire Industrious National Management Co., which provides flexible workplace solutions.

In conjunction, CBRE will create a new business segment called Building Operations and Experience, which will unify building operations, workplace experience and property management. The segment will be led by Jamie Hodari, Industrious’ CEO and co-founder, and will consist of CBRE’s Enterprise Facilities Management, Local Facilities Management, Property Management and Industrious. He will also act as CBRE’s Chief Commercial Officer.

Since late 2020, CBRE has invested in Industrious through an approximately 40% equity interest and $100 million convertible note. The company will acquire the remaining equity stake for approximately $400 million. The deal is expected to be immediately accretive to 2025 core EBITDA and free cash flow.

In related news, CBRE Chief Operating Officer Vikram Kohli now has the additional title of CEO, Advisory Services.

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JLL Launches Dedicated Energy, Sustainability Practice

JLL, Chicago, announced it is boosting its existing sustainability services with its new Energy Advisory and Sustainability Practice.

The team will be led by clean energy expert Josephine Tucker and will work across JLL’s existing business lines and industries.

Core competencies include engineering, finance and procurement, energy modeling and project and program management. The team’s technical experts can provide expertise on energy sourcing; efficiency; and end-use optimization, including technology integration such as EV-charging, on-site/off-site renewables, battery storage and microgrid solutions.

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