CommonWealth hires CBRE for property management


The new board (headed by Sam Zell) at CommonWealth REIT (CWH) gets busy, hiring CBRE (CBG) as sub-manager for each of the company's properties. CBRE will provide customary management services, and additionally provide project management services as needed.

The two are currently targeting October 1 as CBRE's start date.

REIT Management & Research (RMR) - run by the no-longer-in-power at CommonWealth Portnoy family - is the current property management provider.

SEC Form 8-K

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Comments (1)
  • dclaudew
    , contributor
    Comments (80) | Send Message
     
    Based on the price of CBG, this looks like old news. The CBG stock began to rise in November 2013.
    17 Jun 2014, 08:36 AM Reply Like
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