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CBRE's Headquarters Relocation Comes as Earnings Reflect Pandemic Drag

Restructuring, Cost Cutting Help Offset Decreased Deal Activity in Third Quarter

CBRE Group Inc. reported net earnings of $184 million for the third quarter. (Getty Images)
CBRE Group Inc. reported net earnings of $184 million for the third quarter. (Getty Images)

A decision by CBRE Group Inc., the world's largest commercial real estate services firm, to relocate its headquarters to Dallas-Fort Worth from Los Angeles reflects a company that has been focused for years on restructuring its business to reduce costs and create profits during slower real estate activity.

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