Anna Caplan for Globe St
DALLAS–On Friday, CBRE Group Inc. announced that it had acquired United Commercial Realty (UCR), the Dallas-based commercial real estate firm which specializes in retail services. GlobeSt.com’s Anna Caplan recently asked Michael Caffey, CBRE’s executive managing director/Texas region, five questions about the deal.
GlobeSt.com: Why was UCR so appealing?
Caffey: UCR is the retail industry leader in Texas and is seen as one of the most innovative and successful retail real estate advisors in the country. Their professionals are well known for their first-class service, creative marketing and exceptional client outcomes. They share our corporate values and are a great fit with our culture.
GlobeSt.com: What does the acquisition mean for your day-to-day operations?
Caffey: Integrating the UCR team into the CBRE family will allow both of us to meet the needs of our clients more comprehensively and in more markets. This will be a big win for everyone, especially the clients we serve.