CBRE Raises $60,000 at Fifth Annual Austin Charity Golf Bash

AUSTIN, Texas – June 26, 2017 CBRE, a commercial real estate services firm, raised $60,000 at its annual Charity Golf Bash in Austin this year. The event is organized by the firm’s Austin employees and supports six nonprofit organizations.

“I’m proud of the hard work and dedication of the employees who volunteer their time for this event each year. Since 2013, our Austin employees have raised more than $215,000 for charity through philanthropic events,” said Scott Senese, senior managing director of CBRE’s Central Texas region.

This year’s event, held at TopGolf, benefits the following organizations:

  • Any Baby Can
  • Austin Habitat for Humanity, in support of CBRE’s Shelter Program
  • Boys & Girls Club of Austin
  • Combat Wounded Outdoors
  • Girlstart
  • Freedom14 Camp

“We couldn’t do this each year without the generous support and sponsorship from many of Austin’s real estate service providers. It’s rewarding to see everyone come together and raise funds for great causes that benefit our community,” said Elyse Kaire, CBRE Cares Austin co-chair and a senior operations analyst at the company.

This year’s event featured the largest silent auction to date, with goods and services valued at more than $20,000, as well as a raffle, golf with Topgolf pros, and a wine pull.

CBRE Foundation, a nonprofit, public benefit corporation that funds the company’s philanthropic initiatives, matched a portion of funds raised, further amplifying the event’s success.

 

 About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue).  The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide.  CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.  Please visit our website at www.cbre.com.

 

$200M mixed-use development planned for New Braunfels

South Texas Capital is hoping its new mixed-use development may someday be fit for the prince it is named after.

Solms Landing, named after Prince Carl of Solms-Braunfels, is a planned $200 million mixed-use community in New Braunfels, some 45 miles south of downtown Austin, and it is the most ambitious project to date by James Mahanand South Texas Capital.

Click to read more at Austin Business Journal.

CBRE to leave downtown Houston, consolidate in Williams Tower

Los Angeles-based CBRE Group Inc. (NYSE: CBG), a global real estate firm and the largest commercial real estate brokerage in Houston, is consolidating its three Bayou City offices into Williams Tower.

CBRE will vacate its offices in Bank of America Center and at 2700 Post Oak Blvd. and move into Williams Tower, per a company release. At Williams Tower, the brokerage renewed and expanded its lease to 77,000 square feet. CBRE’s space at Bank of America Center is available for sublease, the spokesperson said, and company is marketing the space. It’s unclear how much space the company’s is vacating.

Click to read more at Houston Business Journal.

Demolition of aging mall makes way for $500M initial phase of Dallas Midtown corporate magnet

It’s been five years since Scott Beck and the Dallas-based family-owned company Beck Ventures acquired the majority of Valley View Center with the idea of transforming the aging shopping mall into a corporate destination.

The dream is on its way to becoming a closer reality with Beck and his business partners beginning the demolition of the North Dallas shopping center to make way for the initial $500 million phase — which is part of a much larger, $4 billion mixed-use development proposed by Beck Ventures.

Click to read more at Dallas Business Journal.

Prime downtown Austin site to be transformed into 5-story office building

Some rezoning cases take forever to be resolved. Others happen in a couple of months. Take the case of a small stand-alone office building at 1108 Nueces St. in downtown Austin.

The 2,725-square-foot building, circa 1957, on about one-fourth of an acre will be torn down to make way for a 22,000-square-foot, five-story office building.

The entitlements were secured June 8 in an ordinance signed by Mayor Steve Adler. It doesn’t appear there are any Capitol view corridor issues that would hinder the 60-foot maximum height.

Click to read more at Austin Business Journal.

Houston electricity co. subleases Galleria-area space from Baker Hughes for HQ expansion

Frontier Utilities, a Houston-based provider of electricity and related services, will move its headquarters into Galleria-area space it’s subleasing from Houston-based Baker Hughes Inc.

The move will more than double the size of Frontier’s headquarters and allow for future growth, according to CBRE.

Click to read more at Houston Business Journal.