CBRE Group, Inc. declared the acquisition of the full-service commercial real estate services firm – Brenner Real Estate Group (BREG) – in South Florida. The move strengthens the company’s capabilities in the region.
Brenner Real Estate Group was founded in 1987 and is based in Ft. Lauderdale, Boca Raton and Melbourne, Florida. The company offers comprehensive real estate services, including leasing brokerage, investment sales and property management. The firm has a team of over 20 professionals, which is led by Scott Brenner.
Per CBRE’s management, the acquisition brings on board the BREG professionals who have a solid reputation of excellent client servicing. Specifically, the acquisition adds “expertise and resources in Broward and Palm Beach counties”. Also, in its law firm, the move enhances “land services and healthcare specialty groups”.
Notably, strategic in-fill acquisitions have played a vital part in widening CBRE’s geographic coverage, as well as expanding and reinforcing its service offerings. Additionally, the company opts for larger transformational deals, driven by macro policies. In fact, in Apr 2017, CBRE Group acquired a technology company which provides mobile and SaaS technology solutions for facilities management operations.
As market conditions continue to improve, we believe that opportunistic acquisitions would serve as growth drivers, supplementing the company’s organic progression. However, uneasiness in certain economies and unfavorable foreign currency movement remain concerns for the company.
Shares of CBRE outperformed the Zacks categorized Real Estate – Operations industry over the past six months. CBRE shares advanced 22.1% over this time span, while the industry climbed 10.6%.
CBRE Group currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Better-ranked stocks in the industry include HFF Inc. (HF - Free Report) , Henderson Land Development Company Limited (HLDCY - Free Report) and PennyMac Mortgage Investment Trust (PMT - Free Report) . All three stocks carry a Zacks Rank #2 (Buy).
HFF Inc. has long-term growth rate of 15.0%. Henderson Land Development Company’s earnings estimates for 2017 climbed 4.3% over the past 60 days to 48 cents. Moreover, PennyMac Mortgage Investment Trust’s earnings estimates for 2017 climbed 1.8% over the past 30 days to $1.69.
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CBRE Group, Inc. declared the acquisition of the full-service commercial real estate services firm – Brenner Real Estate Group (BREG) – in South Florida. The move strengthens the company’s capabilities in the region.
Brenner Real Estate Group was founded in 1987 and is based in Ft. Lauderdale, Boca Raton and Melbourne, Florida. The company offers comprehensive real estate services, including leasing brokerage, investment sales and property management. The firm has a team of over 20 professionals, which is led by Scott Brenner.
Per CBRE’s management, the acquisition brings on board the BREG professionals who have a solid reputation of excellent client servicing. Specifically, the acquisition adds “expertise and resources in Broward and Palm Beach counties”. Also, in its law firm, the move enhances “land services and healthcare specialty groups”.
Notably, strategic in-fill acquisitions have played a vital part in widening CBRE’s geographic coverage, as well as expanding and reinforcing its service offerings. Additionally, the company opts for larger transformational deals, driven by macro policies. In fact, in Apr 2017, CBRE Group acquired a technology company which provides mobile and SaaS technology solutions for facilities management operations.
As market conditions continue to improve, we believe that opportunistic acquisitions would serve as growth drivers, supplementing the company’s organic progression. However, uneasiness in certain economies and unfavorable foreign currency movement remain concerns for the company.
Shares of CBRE outperformed the Zacks categorized Real Estate – Operations industry over the past six months. CBRE shares advanced 22.1% over this time span, while the industry climbed 10.6%.
CBRE Group currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Better-ranked stocks in the industry include HFF Inc. (HF - Free Report) , Henderson Land Development Company Limited (HLDCY - Free Report) and PennyMac Mortgage Investment Trust (PMT - Free Report) . All three stocks carry a Zacks Rank #2 (Buy).
HFF Inc. has long-term growth rate of 15.0%. Henderson Land Development Company’s earnings estimates for 2017 climbed 4.3% over the past 60 days to 48 cents. Moreover, PennyMac Mortgage Investment Trust’s earnings estimates for 2017 climbed 1.8% over the past 30 days to $1.69.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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