CBRE Acquires Whitestone Research Corp.

LOS ANGELES-CBRE Group has acquired the Whitestone Research Corp., a leading facilities-cost analytics firm based in Santa Barbara, CA. The acquisition will enhance the data-driven and analytical aspects of CBRE’s research, advisory and operational services.

We are in the business of helping our clients manager their facilities and assets as intelligently as possible, and part of that is bringing new expertise in facility cost modeling, analytics, benchmarking to help them do that more effectively,” Karen Ellzey, executive managing director of CBRE Global Services Group, tells GlobeSt.com. “All-in-all, this lets us bring in a more data-driven approach to the way we advise our clients and support them in meeting their goals.” This includes maximizing investments, reducing expenses and ensure assets are operating efficiently.