Caffey says the combination of CBRE and Peloton creates a top real estate services brand.
SAN ANTONIO—CBRE Group Inc. has acquired the San Antonio operations of Peloton, a full-service commercial real estate firm in Texas. The acquisition makes CBRE a leading provider of commercial property leasing, sales and management services in the growing San Antonio market. In 2017, CBRE and Peloton's San Antonio combined operations involved $681 million of sales and leasing transactions, and it currently manages and/or leases more than 20 million square feet of commercial property in the San Antonio market.
“The combination of CBRE and Peloton creates San Antonio's top real estate services brand, which will deliver superior results for our clients and expanded opportunities for our professionals,” said Michael Caffey, president of the Texas and Oklahoma Division and Latin America, CBRE.
Peloton in San Antonio is led by Gardner Peavy, who joins CBRE as managing director for San Antonio. He will be joined by 26 colleagues from the Peloton San Antonio operations. Peavy will report to Scott Senese, who leads CBRE's Austin and El Paso operations. The combined workforce of the two companies totals nearly 300 employees in San Antonio.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
