An increasingly active office market helped the publicly traded commercial real estate brokerages post largely positive first-quarter results, although the firms' leaders pointed out that an expected return of capital markets activity has again been delayed.
CBRE posted a $126M profit, leading the pack ahead of $66M in net income from JLL and $43.3M from Colliers. Newmark and Cushman & Wakefield both reported losses of around $29M. Executives at the major brokerages… Read the full story here. |