CBRE Introduces Technology & Media Practice
Monday, August 18, 2014
CBRE/New England Contact:
CBRE Introduces Technology & Media Practice
Kevin Kennedy and Adam Brinch take the lead in New England
BOSTON (Aug. 18, 2014) – CBRE Group, Inc., the world’s largest commercial real estate and investment firm, has announced the formation of the Technology & Media Practice, a network of industry professionals focused on real estate solutions for technology and media companies. This specialty group, which serves the top technology and media markets across the globe, was formed to address the needs of growing companies in these sectors, from Angel Investment to IPO and beyond.
“CBRE has a tremendous amount of data and best practices to leverage in these areas. The formation of this group will allow that information to be analyzed, shared and implemented at an incredible pace across the organization. This dissemination of real-time intelligence and best practices offers our clients world-class real estate solutions,” said John Frager, the group’s Executive Managing Director.
CBRE/New England’s Kevin Kennedy and Adam Brinch have joined the CBRE Technology & Media Practice and will cover the New England region out of the firm’s Boston office.
Kevin Kennedy joined CBRE/NE in 2001. He is currently a First Vice President with the Urban Brokerage group and is a leader in Boston’s commercial real estate industry. Kevin has been providing strategic commercial real estate advisory services to tenants and owners, with a focus on the downtown Boston submarket, since 2001. Kevin joined CBRE/NE following its merger with Insignia/ESG in July 2003. Since 2001, he has distinguished himself as one of the top brokerage professionals in the Boston. In addition to a variety of local transactions, Kevin has established numerous long-term relationships with a number of the world’s largest corporations who have benefited from his representation on a national level. Most recently, he helped coordinate significant expansion assignments for Jumptap, Nutraclick, AMP, Localytics and EverFi—some of the fastest growing technology companies in Boston.
Adam Brinch is a Vice President with the Urban Brokerage team. Adam joined CBRE/NE in 2005 and concentrates primarily in the Cambridge submarket on tenant and landlord assignments at the intersection of the technology and life sciences sectors. In addition to a number of national technology clients, Adam has represented some of the fastest growing technology firms in Cambridge including InsightSquared, CarGurus, Hopper and RapidMiner. In 2012, he was named the Commercial Brokers Association "Rising Star," an award voted on by the brokerage community that recognizes the industry’s brightest talent with less than five years experience in the real estate business.
“The opportunities in this sector go beyond finding cool and creative spaces for our clients. Tech and media companies are constantly growing and evolving. It’s incredibly important that we understand their cultural needs, employee recruitment and engagement goals, their brand, and broader strategic initiatives that a tailored real estate solution can support,” noted Kennedy. “The Technology & Media Practice will help us collaborate across the top 20 U.S. tech and media markets, and internationally, allowing us to advise our clients and participate in technology communities in a collaborative and organized fashion.”
CBRE/NE has planted deep roots with many leading technology and media companies in the region, such as Fiksu and Swirl Networks, through advisory experience with CBRE/NE Downtown Boston brokers John Butterworth and Chris Cuddy. “Having this group and specialists like Kevin and Adam allows us to curate best practices in this sector from experts across our organization,” added Andy Hoar, President/Co-Managing Partner of CBRE/New England.
The Technology & Media Practice leverages experts in brokerage services, project management, workplace strategy, labor analytics, capital markets, valuation and advisory services and research and consulting. Learn more about the CBRE Technology & Media Practice at www.cbre.com/TMPG.
Furthermore, CBRE’s latest research report,U.S. Tech-Twenty: Measuring Office Market Impact, tracks high-tech employment and office market conditions in 20 tech-oriented office markets across the U.S., including Boston, and found a strong correlation between high-tech job growth and accelerating office rents. The report can be accessed here.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
About CBRE/New England
CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.