---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-005427"
form_type: "8-K"
ticker: "CBRE"
cik: "0001138118"
company_name: "CBRE GROUP, INC."
filed_at: "2025-01-14T23:59:59+00:00"
generated_at: "2026-05-28T01:42:56.010947+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CBRE to acquire Industrious for ~$400M; creates new Building Operations & Experience segment

## Summary
- Acquires remaining ~60% of Industrious for $400M; implied enterprise value ~$800M; deal expected to close Jan 2025 and be immediately accretive to 2025 core EBITDA and FCF.
- New BOE segment combines CBRE's facilities management, property management, and Industrious; segment had ~$20B combined revenue in 2024.
- Industrious CEO Jamie Hodari joins CBRE as CEO of BOE and Chief Commercial Officer.
- COO Vikram Kohli promoted to also serve as CEO of Advisory Services, CBRE's largest segment (leasing, capital markets, valuation).
- Industrious revenue grew >50% CAGR since 2021; footprint now over 200 units in 65+ cities.

## SEC filing metadata
- accession: 0000950170-25-005427
- form_type: 8-K
- ticker: CBRE
- cik: 0001138118
- company_name: CBRE GROUP, INC.
- filed_at: 2025-01-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1138118/000095017025005427/0000950170-25-005427-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1138118/000095017025005427/cbre-20250114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-005427
- JSON: https://secwatch.observer/filing/0000950170-25-005427.json
- Plain text: https://secwatch.observer/filing/0000950170-25-005427.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.