CBRE Acquires New England Joint Venture
CBRE expanded its Northeast footprint with the acquisition of CB Richard Ellis-N.E. Partners, L.P. The deal involves a long-standing joint venture with Whittier Partners Group and the largest full-service commercial real estate services operation in New England.
The CBRE/New England leadership team and professionals will join CBRE immediately. However, the CBRE/New England brand will remain until the end of the year. This is the second move this year to bolster CBRE’s New England platform. In February, a group of 48 CRE professionals from Transwestern, led by Steve Purpura, joined CBRE.
CBRE/New England’s Andy Hoar says, “We felt the timing was right for this transition to better serve our clients and our employees. Joining forces with CBRE along with Steve Purpura and our new colleagues will ensure CBRE’s market leadership in the New England market for the foreseeable future.”
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