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Savills announced in August 2016 that it had acquired GBR Phoenix Beard, a Midlands-based commercial property consultancy, strengthening its UK real estate services. [7] Expansion continued in July 2017, with the acquisition of Larry Smith Italia, a leading commercial management and leasing business in Italy. [8]
In February 2011, the company acquired Gravitas Real Estate Resources. [4] In February 2013, the company was engaged in a legal battle after two of its brokers left the company to join CBRE Group. [5] In August 2013, the company represented Bechtel in negotiating a 565,916 square foot lease renewal and expansion in Houston, Texas. [6]
According to Forbes, Rightmove operates on a two-sided model which serves a vast "audience" for property listings on one side and 20,000 advertisers of available properties on the other side. [8] Peter Brooks-Johnson, who joined Rightmove in 2006, became chief operating officer in 2013 and was promoted to chief executive officer in 2017. [9]
OnTheMarket displays hundreds of thousands of properties that are available for sale or to rent every month. [3] In addition, OnTheMarket also displays thousands of new properties for sale or to rent every month, 24 hours or more before they appear on Rightmove or Zoopla to give serious property seekers an edge in their property search.
[12] [13] [14] In 2014, Steir arranged the $260 million sale of Studley to London-based Global Real Estate firm, Savills and he remained the CEO and Chairman of Savills, Inc. [15] In 2020, Steir directed and managed the acquisition of Macro for Savills, adding a robust project management service line to the brokerage firm’s fast-growing North ...
CBRE Group, Inc. (an initialism of Coldwell Banker Richard Ellis) is an American commercial real estate services and investment firm. [2] It is the world's largest commercial real estate services and investment firm (based on 2022 revenue). [3] [4] [5]
In 1996, Estates Gazette launched its own online property news and research arm, EGi. In 1997, the group launched Propertylink, the UK's largest free-access commercial property availability search website. In March 2008, Estates Gazette was announced as one of the top 500 "Business Superbrands" in the UK. [2] EG Office (2012)
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
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