CBRE Acquires Bay Area Tech Brokerage
Los Angeles-based CBRE Group, Inc. acquired Custom Spaces, a San Francisco-based, technology-focused boutique real estate brokerage firm that advises leading technology companies such as Airbnb, Cruise Automation, Medium, Gusto and Coinbase, on occupancy strategies. The move is expected to solidify CBRE’s position as a trusted advisor to the Bay Area for technology companies, and fortify its technology practice globally.
Custom Spaces’ Jenny Haeg, founder and CEO, will join CBRE as a Vice Chairman within its advisory and transaction services business line, and will have a leadership role with CBRE’s global technology practice. The practice group collaborates to meet the real estate requirements of technology companies.
CBRE’s Joe Wallace says, “Tech companies operate in an incredibly dynamic environment. There are very few real estate advisors who, like Custom Spaces, both understand the unique requirements of the tech sector and can implement related plans quickly at scale.”
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