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CBRE acquires CB Richard Ellis Carmody


Staff Report
Published Nov. 4, 2013

CBRE Group Inc. announced today that it has acquired CB Richard Ellis Carmody, a Charleston-based commercial real estate services firm.

The acquisition is part of CBRE’s plan to increase its footprint throughout the Southeast.

CB Richard Ellis Carmody has been an affiliate of CBRE since 1997. It was founded by Brian and Charles Carmody in 1992. It provides leasing, investment sales, property management, research and consulting services. The firm has 23 employees and manages nearly four million square feet of commercial property.

“We have worked hard for more than two decades to be the premier provider of commercial real estate services in the Charleston region,” said Charles Carmody, co-founder of CB Richard Ellis Carmody. “By becoming a full member of the CBRE team — and integrating further with its market-leading global platform — we can help CBRE to deliver the best client performance in every location, in Charleston, the U.S. and around the world.”

CBRE Group Inc. is a commercial real estate services and investment firm with around 37,000 employees and more than 300 offices worldwide.

“CB Richard Ellis Carmody’s integration with CBRE is a winning move for our clients and our people across the southeast,” said John Ferguson, CBRE’s executive managing director for the Southeast. “We have worked closely with Brian, Charles and their colleagues for many years, and we see significant opportunities to expand our work together throughout the region.”

CBRE is traded on the New York Stock Exchange under stock symbol CBG.

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