CBRE Group, Inc. announced the acquisition of Pearce Services, LLC for approximately $1.2 billion in cash, with a potential earn-out of up to $115 million. Pearce, a provider of technical services for digital and power infrastructure, will enhance CBRE's capabilities in these sectors. The acquisition is expected to be immediately accretive to CBRE’s earnings. Pearce's projected 2026 revenue is over $660 million, with more than $90 million in EBITDA.

CBRE Group enters new $3.5 billion credit agreements and amends term loan

CBRE’s National Retail Partners Jeffrey Dunne, David Gavin, Chris Munley, Colin Behr and Travis Langer represented Goldman Sachs Alternatives in the sale of Springfield Avenue Marketplace in Newark for $37.5 million.The team also procured the buyer, Medipower, a publicly traded company on the Tel Aviv Stock Exchange.Springfield Avenue Marketplace is a 110,551-square-foot, high-volume, ShopRite-anchored center. It fronts directly on Springfield Avenue, benefits from signalized access and is currently 97% leased, providing stable, long-term cash flow.More than 1.3 million residents live within the trade area, which extends to Jersey City and Hoboken. In addition to ShopRite, Springfield Avenue Marketplace features a strong lineup of national and e-commerce-resistant retailers such as McDonald’s, Taco Bell, Popeyes and T-Mobile.“The center’s attractive rent roll, highlighted by a high-volume ShopRite and long-term leases, provides stable income,” said CBRE’s Dunne. “This was a unique opportunity to acquire a Northern New Jersey center approximately 20 minutes outside Manhattan.”“We continue to see strong demand in Metro N.Y. for properties like Springfield Avenue Marketplace, which provide predictable cash flow in growing markets,” added CBRE’s Gavin