CBRE Group acquires Skye Group
CBRE Group has acquired Skye Group, a provider of retail project management, shopping centre development and tenant coordination services in the US and Canada.
Based in Cleveland, Ohio, Skye is led by Bradley Sanders, who founded the firm in 2000.
Its client list consists of prominent retail real estate investors including Simon, Howard Hughes, Westfield, LaSalle Investment Management, Vornado Realty Trust, New England Development, Ivanhoe Cambridge and Steiner & Associates, as well as brands such as Barneys New York.
“Skye has earned the reputation as a reliable and efficient solution for shopping centre investors and occupiers,” says Mark Fewin, Americas leader, project management services, CBRE. “The firm’s ‘early stage’ work for clients in project management and large-scale construction will create new client service opportunities in the retail market.”
Sanders will lead CBRE’s retail project management business and report to Fewin. The business will operate as CBRE I Skye.
“Joining CBRE is an excellent fit for our business and our retail clients will benefit from CBRE’s breadth of occupier and investor solutions,” says Sanders. “I look forward to working with our new colleagues at CBRE to take our business and our ability to service our clients to an even higher level.”
“Adding Skye’s services to our client offerings reflects our strategy to strengthen our position in the retail real estate sector in the Americas and is a seamless fit with our robust retail service line platform,” said Anthony Buono, executive managing director, retail services, the Americas, CBRE.