NEW YORK CITY—By recently acquiring FacilitySource from private equity firm Warbus Pincus for $290 million, CBRE has upgraded its facilties management. The technology portal efficiently harnesses a supply chain of thousands of third-party service providers to fix problems and address requests at all office, industrial and retail buildings that CBRE manages in the US.
CBRE's Global Workplace Solutions focuses on three corporate clients: Fortune 500 global companies, large governmental agencies and hospitals. They assist with transactions, buying and selling real estate; build and construct projects; and help clients manage buildings. FaciltySource goes to the heart of the building management business.
“For three years we researched the market for the best company to bring our clients more technology in how we manage vendors across a variety of sites and portfolios in the US,” CBRE's global group president and CEO of Global Workplace Solutions, Bill Concannon, tells GlobeSt.com. The real estate services and investment firm was looking for a turnkey solution that offered centralized technology, a procurement and operations platform, cost efficiencies and consistent results.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
