But with vacancy rates at downtown office buildings continuing to rise, from 12.2 percent in the fourth quarter of 2019 to 17.8 percent in the first quarter of 2023, according to the real estate firm CBRE, there’s an urgency to do something.

Source: https://bankerandtradesman.com/how-other-cities-are-angling-to-boost-residential-conversions-downtown/

Cullen Frost Bankers Inc. raised its stake in shares of CBRE Group by 213.6% in the first quarter.

Source: https://www.dailypolitical.com/2023/11/16/california-public-employees-retirement-system-sells-55360-shares-of-cbre-group-inc-nysecbre.html

Dominic Millar, an apprentice with CBRE in Aberdeen, commented: “This is a new generation of office building which integrates work, wellness and the environment with the highest standard of design and technology.

Source: https://www.insider.co.uk/news/office-development-aberdeen-launched-market-30777460

Edge Capital Group LLC bought a new stake in CBRE Group during the 3rd quarter valued at $37,000.

Source: https://www.etfdailynews.com/2023/05/08/5125-shares-in-cbre-group-inc-nysecbre-acquired-by-bleakley-financial-group-llc/

Evercore ISI cut their target price on shares of CBRE Group from $85.00 to $84.00 in a research report on Friday.

Source: https://www.etfdailynews.com/2023/06/25/baker-tilly-wealth-management-llc-has-534000-stake-in-cbre-group-inc-nysecbre/

Finally, Edge Capital Group LLC purchased a new stake in CBRE Group in the third quarter worth about $37,000.

Source: https://www.etfdailynews.com/2023/03/18/bank-of-new-york-mellon-corp-reduces-stock-position-in-cbre-group-inc-nysecbre/

His experience prior to Kidder Mathews includes Cushman & Wakefield and CBRE.

Source: https://www.sandiegometro.com/2023/03/daily-business-report-friday-march-31-2023/

Marks Group Wealth Management Inc grew its stake in shares of CBRE Group by 2.2% during the 4th quarter.

Source: https://www.etfdailynews.com/2023/08/21/cbre-group-inc-nysecbre-shares-acquired-by-keybank-national-association-oh/

Pacer Advisors Inc. boosted its holdings in shares of CBRE Group by 0.6% in the 2nd quarter.

Source: https://www.etfdailynews.com/2023/10/11/cbre-group-inc-nysecbre-receives-consensus-recommendation-of-moderate-buy-from-analysts/

Park Avenue Securities LLC’s holdings in CBRE Group were worth $2,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Source: https://www.americanbankingnews.com/2023/01/16/cbre-group-inc-nysecbre-shares-sold-by-park-avenue-securities-llc.html

Recent data provided by a CBRE study confirms this view as A-Class space in BXP's market enjoys a significantly lower vacancy than lower-quality space.

Source: https://seekingalpha.com/article/4652215-boston-properties-reit-announces-major-disposal-upside-remains?source=feed_all_articles

The average asking rent for an apartment there is over $67,600 per year, with a villa renting for $276,000 annually, according to real estate firm CBRE.

Source: https://financialpost.com/pmn/business-pmn/dubai-boom-sees-russian-cash-high-rents-and-reborn-projects

The proposed sale agreement comes about a year after CBRE started marketing the building to potential buyers.

Source: https://biztimes.com/proposed-sale-price-in-100-east-foreclosure-case-revealed/

Vontobel Holding Ltd. grew its position in shares of CBRE Group by 7.5% during the 1st quarter.

Source: https://www.americanbankingnews.com/2023/12/16/california-state-teachers-retirement-system-sells-20441-shares-of-cbre-group-inc-nysecbre.html

What's important is that their buildings are almost exclusively A-Class (CBRE classifies 94% of their properties as ) and located in the best locations (with 80% of properties in the CBD within each city).

Source: https://seekingalpha.com/article/4627292-boston-properties-q2-2023-earnings-solid-leasing-improves-outlook-reiterate-buy?source=feed_all_articles