CBRE’s Latest Initiative
- Sep 09, 2015
By Barbra Murray, Contributing Editor
CBRE Group Inc. has been making move after move to give its clients not just what they want, but what they need, and the leading commercial real estate services firm just took another step in expanding its service offerings with the launch of a national combined services platform. The new platform is designed to provide lenders with a combination of appraisals and due diligence reports as part of the Freddie SBL streamlined service offering.
“We created this dual platform when our Freddie clients noted they needed a new way to manage third-party providers,” Tony Lenamon, national multifamily practice leader with CBRE Valuation & Advisory Services, told Commercial Property Executive. “They need us to deliver products that are faster, more efficient, and less expensive to give them an edge in a competitive market. This platform does that well, and also outsources some of the coordination and management processes, allowing our clients to spend more time on the deal and less time managing vendors.”
With the new platform, approved Freddie Mac lenders have a single portal through which they can access all services, creating efficiencies in ordering, data collection, scheduling, coordination, and report delivery. But it doesn’t end there. Through CBRE | IVI–the provider of integrated construction risk management and due diligence services that was created from CBRE’s acquisition of IVI International in December 2014–clients can also avail themselves of municipal and zoning reports.
The commercial real estate market, CBRE believes, is ripe for an offering like its new platform. “The timing was perfect because the SBL program emphasizes this focus on quick, efficient and lower-cost third-party execution,” Lenamon noted. “Our clients can exploit CBRE and IVI’s national footprint to get local expertise across any market in the country.”
CBRE has been quite active in increasing its client services. Most recently the firm completed its $1.48 billion acquisition of Johnson Controls Inc.’s Global Workplace Solutions business, a purchase that put CBRE in a prominent position on the global commercial real estate occupier outsourcing stage.