CBRE Acquires Des Moines affiliate

CBRE Group, Inc. today announced that it 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. Mr. Wright brings 30 years of brokerage experience to the company.

“CBRE is a strong strategic and cultural fit for us, and we are excited to be a part of the premier global platform with the deepest and broadest services to help us meet our clients’ needs,” said Mr. Wright.

Hubbell Realty Company and its remaining divisions are not part of this transaction.

“Following a 26-year affiliation, this transaction signifies the natural evolution of our longstanding relationship with CBRE. We are looking forward to deploying the full strength of CBRE’s Advisory and Transaction team across Hubbell’s commercial real estate portfolio,” said Kyle Gamble, Executive Vice President of Hubbell Realty Company.  

Hubbell Realty Company will continue to be a leading real estate developer and owner, professional homebuilder, general contractor, asset manager, multi-family and commercial property manager, and association management company in Central Iowa, Omaha, Nebraska and Sioux Falls, South Dakota as it has done for the last 165 years.