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DALLAS, June 24, 2024--CBRE Group, Inc. (NYSE:CBRE) today announced that the company plans to combine its Project Management business with Turner & Townsend, its majority-owned subsidiary that provides program management, cost consultancy and project management services globally.
Extensive real estate market knowledge and a solid outsourcing business bode well for CBRE Group (CBRE), though macroeconomic uncertainty and its adverse impact on commercial real estate transactions are concerning.