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CBRE acquires tech-focused real estate brokerage firm

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CBRE acquires tech-focused real estate brokerage firm

CBRE Group Inc. acquired technology-focused boutique real estate brokerage firm Custom Spaces, which, according to the company, cements its position as the leading real estate adviser for tech companies in the San Francisco Bay area.

Founder and CEO of Custom Spaces Jenny Haeg will join CBRE as a vice chairman in its advisory and transaction services business and will have a leadership role in the company's global technology practice.

San Francisco-based Custom Spaces counts Airbnb, Cruise Automation, Medium, Gusto and Coinbase among its clients and has designed real estate solutions for tech companies in markets including New York, Los Angeles, Tokyo and London.

Jack Durburg, CEO for the Americas at CBRE, said the purchase creates "a powerful and market-leading platform to serve technology companies."