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As part of its effort to broaden its building consultancy platform in Germany, CBRE Group, Inc. (CBG - Analyst Report) inked a definitive deal to acquire the technical real estate consulting firm, VALTEQ Gesellschaft mbH and its subsidiaries.

The buyout, which is expected to close prior to the end of the first quarter of 2014, will diversify and enrich CBRE’s service offerings. The deal also brings on board VALTEQ’s team of professionals comprising civil engineers, architects, economists, geologists and service technicians.

Notably, CBRE Group has been actively engaged in deals for expanding business in the U.S. and U.K. Most recently, CBRE Group acquired the Greenville, S.C.-based affiliate. Further, in December, CBRE disclosed the completion of the acquisition of U.K.-based commercial building technical engineering services provider – Norland Managed Services Ltd. CBRE also purchased the leading facilities cost analytics firm, Whitestone Research Corporation.

With market conditions continuing to improve, we believe that such opportunistic acquisitions would serve as growth drivers, supplementing the company’s organic growth. But currently, we believe that the regulatory limits on Government-Sponsored Enterprises’ (GSEs) lending would continue to pressurize revenue and profits for the commercial mortgage brokerage business of this Zacks Rank #4 (Sell) stock going forward.

CBRE Group is slated to release its fourth-quarter 2013 financial results after the market close on Feb 5, 2014. The Zacks Consensus Estimate is currently pegged at 66 cents for fourth-quarter 2013, implying a 19.55% escalation.

However, other players in the real estate operations industry, which look attractive at current levels, include Jones Lang LaSalle Incorporated (JLL - Analyst Report), NorthStar Realty Finance Corp. (NRF - Snapshot Report) and RE/MAX Holdings, Inc. (RMAX - Snapshot Report). All these stocks carry a Zacks Rank #2 (Buy).