CBRE Group, Inc. has acquired the CBRE | Hubbell Commercial brokerage division of Hubbell Realty Company. CBRE | Hubbell Commercial has served as CBRE’s affiliate in the greater Des Moines, Iowa, area since 1996.
CBRE | Hubbell Commercial is the largest commercial real estate brokerage firm in Des Moines. A team of 38 brokerage and support professionals will join the CBRE team.
“CBRE | Hubbell Commercial is a tremendous complement to our business in the greater Midwest,” said Jeff Kaiser, Senior Managing Director, CBRE. “The team embodies our corporate values and we look forward to working with our colleagues to deliver exceptional outcomes for our clients.”
CBRE’s Des Moines operations will be led by Bill Wright, who will serve as Managing Director. Wright brings 30 years of brokerage experience to the company.
Hubbell Realty Company and its remaining divisions are not part of this transaction.
Hubbell Realty Company will continue to operate in Central Iowa, Omaha, Nebraska and Sioux Falls, South Dakota, as it has for the past 165 years.
