CBRE Group, Inc. today announced that it has acquired the CBRE
| Hubbell Commercial brokerage division of Hubbell Realty Company. CBRE |
Hubbell Commercial has served as CBRE’s affiliate in the greater Des Moines,
Iowa area since 1996.
CBRE | Hubbell Commercial is
the largest commercial real estate brokerage firm in Des Moines. A team of 38
brokerage and support professionals will join the CBRE team.
“CBRE | Hubbell Commercial is a tremendous complement to our
business in the greater Midwest,” said Jeff Kaiser, Senior Managing Director,
CBRE. “The team embodies our corporate values and we look forward to working
with our colleagues to deliver exceptional outcomes for our clients.”
CBRE’s Des Moines operations will be led by Bill Wright, who
will serve as Managing Director. Mr. Wright brings 30 years of brokerage
experience to the company.
“CBRE is a strong strategic and cultural fit for us, and we
are excited to be a part of the premier global platform with the deepest and
broadest services to help us meet our clients’ needs,” said Mr. Wright.
Hubbell Realty Company and its remaining
divisions are not part of this transaction.
“Following a 26-year affiliation, this transaction
signifies the natural evolution of our longstanding relationship with CBRE. We
are looking forward to deploying the full strength of CBRE’s Advisory and
Transaction team across Hubbell’s commercial real estate portfolio,” said Kyle
Gamble, Executive Vice President of Hubbell Realty Company.
