CBRE (CBRE) 10-Q 9 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 31, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Trading Symbol	CBG
Entity Registrant Name	CBRE GROUP, INC.
Entity Central Index Key	1,138,118
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		339,459,138

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 955,605	$ 762,576
Restricted cash	84,794	68,836
Receivables, less allowance for doubtful accounts of $47,596 and $39,469 at September 30, 2017 and December 31, 2016, respectively	2,843,126	2,605,602
Warehouse receivables	1,434,910	1,276,047
Income taxes receivable	66,386	45,626
Prepaid expenses	218,049	184,107
Other current assets	201,864	179,656
Total Current Assets	5,804,734	5,122,450
Property and equipment, net	574,266	560,756
Goodwill	3,135,208	2,981,392
Other intangible assets, net of accumulated amortization of $943,587 and $771,673 at September 30, 2017 and December 31, 2016, respectively	1,400,699	1,411,039
Investments in unconsolidated subsidiaries	233,634	232,238
Deferred tax assets, net	94,250	105,324
Other assets, net	409,223	366,388
Total Assets	11,652,014	10,779,587
Current Liabilities:
Accounts payable and accrued expenses	1,505,860	1,446,438
Compensation and employee benefits payable	763,554	772,922
Accrued bonus and profit sharing	727,066	890,321
Income taxes payable	82,106	58,351
Short-term borrowings:
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	1,416,253	1,254,653
Other	16	16
Total short-term borrowings	1,416,269	1,254,669
Current maturities of long-term debt	10	11
Other current liabilities	56,512	102,717
Total Current Liabilities	4,551,377	4,525,429
Long-term debt, net of current maturities	2,551,568	2,548,126
Deferred tax liabilities, net	125,782	70,719
Non-current tax liabilities	17,851	54,042
Other liabilities	553,600	524,026
Total Liabilities	7,800,178	7,722,342
Commitments and contingencies
CBRE Group, Inc. Stockholders’ Equity:
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 339,459,138 and 337,279,449 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively	3,395	3,373
Additional paid-in capital	1,192,855	1,145,226
Accumulated earnings	3,179,985	2,656,906
Accumulated other comprehensive loss	(580,765)	(791,018)
Total CBRE Group, Inc. Stockholders’ Equity	3,795,470	3,014,487
Non-controlling interests	56,366	42,758
Total Equity	3,851,836	3,057,245
Total Liabilities and Equity	$ 11,652,014	$ 10,779,587

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Statement Of Financial Position [Abstract]
Receivables, allowance for doubtful accounts	$ 47,596	$ 39,469
Other intangible assets, accumulated amortization	$ 943,587	$ 771,673
Class A common stock, par value	$ 0.01	$ 0.01
Class A common stock, shares authorized	525,000,000	525,000,000
Class A common stock, shares issued	339,459,138	337,279,449
Class A common stock, shares outstanding	339,459,138	337,279,449

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Revenue	$ 3,549,977	$ 3,193,487	$ 9,873,396	$ 9,247,758
Costs and expenses:
Cost of services	2,513,377	2,252,783	6,919,018	6,520,629
Operating, administrative and other	704,898	686,530	2,023,503	2,010,338
Depreciation and amortization	102,591	92,725	297,014	269,987
Total costs and expenses	3,320,866	3,032,038	9,239,535	8,800,954
Gain on disposition of real estate	6,180	11,043	18,863	15,862
Operating income	235,291	172,492	652,724	462,666
Equity income from unconsolidated subsidiaries	67,834	24,672	158,236	116,902
Other income	1,768	1,356	9,069	8,453
Interest income	3,129	1,020	6,967	5,545
Interest expense	34,483	37,273	103,923	109,050
Income before provision for income taxes	273,539	162,267	723,073	484,516
Provision for income taxes	76,178	51,414	195,813	165,578
Net income	197,361	110,853	527,260	318,938
Less: Net income attributable to non- controlling interests	1,044	6,690	4,181	10,940
Net income attributable to CBRE Group, Inc.	$ 196,317	$ 104,163	$ 523,079	$ 307,998
Basic income per share:
Net income per share attributable to CBRE Group, Inc.	$ 0.58	$ 0.31	$ 1.55	$ 0.92
Weighted average shares outstanding for basic income per share	337,948,324	335,770,122	337,280,914	334,949,606
Diluted income per share:
Net income per share attributable to CBRE Group, Inc.	$ 0.58	$ 0.31	$ 1.54	$ 0.91
Weighted average shares outstanding for diluted income per share	341,186,431	338,488,975	340,502,432	338,053,297

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 197,361	$ 110,853	$ 527,260	$ 318,938
Other comprehensive income (loss):
Foreign currency translation gain (loss)	64,711	(15,940)	204,147	(101,654)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	1,260	1,720	4,148	5,196
Unrealized gains (losses) on interest rate swaps, net of tax	25	788	102	(3,327)
Unrealized holding gains on available for sale securities, net of tax	339	348	2,239	993
Other, net	(4)	2	(20)	(757)
Total other comprehensive income (loss)	66,331	(13,082)	210,616	(99,549)
Comprehensive income	263,692	97,771	737,876	219,389
Less: Comprehensive income attributable to non-controlling interests	1,227	6,768	4,544	11,057
Comprehensive income attributable to CBRE Group, Inc.	$ 262,465	$ 91,003	$ 733,332	$ 208,332

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 527,260	$ 318,938
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	297,014	269,987
Amortization of financing costs	7,371	8,302
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets	(131,062)	(134,775)
Net realized and unrealized gains from investments	(9,069)	(8,453)
Gain on disposition of real estate held for investment		(9,901)
Equity income from unconsolidated subsidiaries	(158,236)	(116,902)
Provision for doubtful accounts	7,442	6,805
Compensation expense for equity awards	68,975	43,346
Proceeds from sale of mortgage loans	11,316,041	10,075,850
Origination of mortgage loans	(11,441,884)	(9,917,310)
Increase (decrease) in warehouse lines of credit	161,600	(131,690)
Distribution of earnings from unconsolidated subsidiaries	17,612	19,982
Tenant concessions received	14,739	7,667
Purchase of trading securities	(61,813)	(76,136)
Proceeds from sale of trading securities	53,251	84,234
(Increase) decrease in receivables	(90,526)	46,289
Increase in prepaid expenses and other assets	(82,673)	(101,916)
Decrease in real estate held for sale and under development	10,784	2,870
Decrease in accounts payable and accrued expenses	(4,876)	(125,471)
Decrease in compensation and employee benefits payable and accrued bonus and profit sharing	(224,798)	(210,670)
Increase in income taxes receivable/payable	(10,631)	(66,589)
Increase in other liabilities	1,162	8,807
Other operating activities, net	(20,415)	(46,453)
Net cash provided by (used in) operating activities	247,268	(53,189)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(101,606)	(134,357)
Acquisition of businesses (other than Global Workplace Solutions (GWS)), including net assets acquired, intangibles and goodwill, net of cash acquired	(59,394)	(22,066)
Acquisition of GWS, including net assets acquired, intangibles and goodwill		(10,477)
Contributions to unconsolidated subsidiaries	(36,659)	(57,295)
Distributions from unconsolidated subsidiaries	177,506	119,539
Net proceeds from disposition of real estate held for investment		44,326
Increase in restricted cash	(11,020)	(1,623)
Purchase of available for sale securities	(29,408)	(31,413)
Proceeds from the sale of available for sale securities	25,618	29,560
Other investing activities, net	1,156	24,185
Net cash used in investing activities	(33,807)	(39,621)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of senior term loans		(23,125)
Proceeds from revolving credit facility	911,000	2,195,000
Repayment of revolving credit facility	(911,000)	(2,112,000)
Proceeds from notes payable on real estate held for investment	79	7,274
Repayment of notes payable on real estate held for investment	(1,324)	(33,516)
Proceeds from notes payable on real estate held for sale and under development	3,341	15,110
Repayment of notes payable on real estate held for sale and under development	(10,777)	(4,102)
Units repurchased for payment of taxes on equity awards	(29,549)	(27,796)
Non-controlling interest contributions	3,410	1,478
Non-controlling interest distributions	(6,643)	(12,800)
Payment of financing costs	(21)	(5,601)
Other financing activities, net	(2,673)	(761)
Net cash used in financing activities	(44,157)	(839)
Effect of currency exchange rate changes on cash and cash equivalents	23,725	(408)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	193,029	(94,057)
CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD	762,576	540,403
CASH AND CASH EQUIVALENTS, AT END OF PERIOD	955,605	446,346
Cash paid during the period for:
Interest	111,826	118,272
Income taxes, net	$ 204,228	$ 225,129

Consolidated Statement of Equit

Consolidated Statement of Equity (Unaudited) - 9 months ended Sep. 30, 2017 - USD ($) $ in Thousands	Total	Class A Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Non-controlling Interests [Member]
Beginning balance at Dec. 31, 2016	$ 3,057,245	$ 3,373	$ 1,145,226	$ 2,656,906	$ (791,018)	$ 42,758
Net income	527,260			523,079		4,181
Non-cash issuance of common stock related to acquisition	7,591	5	7,586
Compensation expense for equity awards	68,975		68,975
Units repurchased for payment of taxes on equity awards	(29,549)		(29,549)
Foreign currency translation gain	204,147				203,784	363
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	4,148				4,148
Unrealized gains on interest rate swaps, net of tax	102				102
Unrealized holding gains on available for sale securities, net of tax	2,239				2,239
Contributions from non- controlling interests	3,410					3,410
Distributions to non- controlling interests	(6,643)					(6,643)
Acquisition of non- controlling interests	12,671					12,671
Other	240	17	617		(20)	(374)
Ending balance at Sep. 30, 2017	$ 3,851,836	$ 3,395	$ 1,192,855	$ 3,179,985	$ (580,765)	$ 56,366

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation Readers of this Quarterly Report on Form 10-Q (Quarterly Report) should refer to the audited financial statements and notes to consolidated financial statements of CBRE Group, Inc., a Delaware corporation (which may be referred to in these financial statements as the “company,” “we,” “us” and “our”), for the year ended December 31, 2016, which are included in our 2016 Annual Report on Form 10-K (2016 Annual Report), filed with the United States Securities and Exchange Commission (SEC) and also available on our website ( www.cbre.com The accompanying consolidated financial statements have been prepared in accordance with the rules applicable to quarterly reports on Form 10-Q and include all information and footnotes required for interim financial statement presentation, but do not include all disclosures required under accounting principles generally accepted in the United States (U.S.), or GAAP, for annual financial statements. In our opinion, all adjustments (consisting of normal recurring adjustments, except as otherwise noted) considered necessary for a fair presentation have been included. The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, and reported amounts of revenue and expenses. Such estimates include the value of goodwill, intangibles and other long-lived assets, real estate assets, accounts receivable, investments in unconsolidated subsidiaries and assumptions used in the calculation of income taxes, retirement and other post-employment benefits, among others. These estimates and assumptions are based on our best judgment. We evaluate our estimates and assumptions on an ongoing basis using historical experience and other factors, including consideration of the current economic environment, and adjust such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in these estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods. Certain reclassifications have been made to the 2016 financial statements to conform with the 2017 presentation. The results of operations for the three and nine months ended September 30, 2017 are not necessarily indicative of the results of operations to be expected for the year ending December 31, 2017.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2017
Accounting Changes And Error Corrections [Abstract]
New Accounting Pronouncements	2. New Accounting Pronouncements Recent Accounting Pronouncements Pending Adoption The Financial Accounting Standards Board (FASB) has recently issued five Accounting Standards Updates (ASUs) related to revenue recognition (“new revenue recognition guidance”), all of which will become effective for the company on January 1, 2018. The ASUs issued are: (1) in May 2014, ASU 2014-09, “Revenue from Contracts with Customers (Topic 606);” n March 2016, ASU 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net);” (3) in “ Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing;” (4) in “ Revenue from Contracts with Customers (Topic 606): Narrow-scope Improvements and Practical Expedients;” and (5) in December 2016, ASU 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue From Contracts with Customers.” ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. clarifies guidance related to identifying performance obligations and licensing implementation guidance contained in ASU 2014-09. clarifies guidance in certain narrow areas and adds some practical expedients. We plan to adopt the new revenue recognition guidance in the first quarter of 2018 using the retrospective transition method. We continue to evaluate the impact that adoption of these updates will have on our consolidated financial statements and related disclosures. Based on our assessment, the impact of the application of the new revenue recognition guidance will result in an acceleration of some revenues that are based, in part, on future contingent events. For example, some brokerage revenues from leasing commissions in various countries where we operate will get recognized earlier. Under current GAAP, a portion of these commissions are deferred until a future contingency is resolved (e.g., tenant move-in or payment of first month’s rent). Under the new revenue guidance, the company’s performance obligation will be typically satisfied at lease signing and therefore the portion of the commission that is contingent on a future event will likely be recognized earlier if deemed not subject to significant reversal. We have evaluated the impact of the updated principal versus agent guidance on our consolidated financial statements in relation to third-party costs which are billed to clients in association with facilities management and project management services. We determined a significant amount of additional contracts will be accounted for on a gross basis, resulting in a significant gross up of third-party costs as compared to our current presentation, with no impact on profitability. This is driven by a change in the indicators used to assess if we control these third-party service providers. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.” In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash.” In January 2017, the FASB issued ASU 2017-04, “Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” In February 2017, the FASB issued ASU 2017-05, “Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets.” In March 2017, the FASB issued ASU 2017-08, “Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities.” In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.”

Warehouse Receivables & Warehou

Warehouse Receivables & Warehouse Lines of Credit	9 Months Ended
	Sep. 30, 2017
Warehouse Receivables And Warehouse Lines Of Credit [Abstract]
Warehouse Receivables & Warehouse Lines of Credit	3. Warehouse Receivables & Warehouse Lines of Credit Our wholly-owned subsidiary CBRE Capital Markets, Inc. (CBRE Capital Markets) is a Federal Home Loan Mortgage Corporation (Freddie Mac) approved Multifamily Program Plus Seller/Servicer and an approved Federal National Mortgage Association (Fannie Mae) Aggregation and Negotiated Transaction Seller/Servicer. In addition, CBRE Capital Markets’ wholly-owned subsidiary CBRE Multifamily Capital, Inc. (CBRE MCI) is an approved Fannie Mae Delegated Underwriting and Servicing (DUS) Seller/Servicer and CBRE Capital Markets’ wholly-owned subsidiary CBRE HMF, Inc. (CBRE HMF) is a U.S. Department of Housing and Urban Development (HUD) approved Non-Supervised Federal Housing Authority (FHA) Title II Mortgagee, an approved Multifamily Accelerated Processing (MAP) lender and an approved Government National Mortgage Association (Ginnie Mae) issuer of mortgage-backed securities (MBS). Under these arrangements, before loans are originated through proceeds from warehouse lines of credit, we obtain either a contractual loan purchase commitment from either Freddie Mac or Fannie Mae or a confirmed forward trade commitment for the issuance and purchase of a Fannie Mae or Ginnie Mae MBS that will be secured by the loans. Loans funded from the warehouse lines of credit are generally repaid within a one-month period, on average, when Freddie Mac or Fannie Mae buys the loans or upon settlement of the Fannie Mae or Ginnie Mae MBS, while we retain the servicing rights. Such loans are funded at the prevailing market rates. The warehouse lines of credit are recourse only to CBRE Capital Markets and are secured by our related warehouse receivables. We elect the fair value option for all warehouse receivables. At September 30, 2017 and December 31, 2016, all of the warehouse receivables included in the accompanying consolidated balance sheets were either under commitment to be purchased by Freddie Mac or had confirmed forward trade commitments for the issuance and purchase of Fannie Mae or Ginnie Mae mortgage-backed securities that will be secured by the underlying loans. A rollforward of our warehouse receivables is as follows (dollars in thousands): Beginning balance at January 1, 2017 $ 1,276,047 Origination of mortgage loans 11,441,884 Gains (premiums on loan sales) 32,711 Sale of mortgage loans (11,283,330 ) Cash collections of premiums on loan sales (32,711 ) Proceeds from sale of mortgage loans (11,316,041 ) Net increase in mortgage servicing rights included in warehouse receivables 309 Ending balance at September 30, 2017 $ 1,434,910 The following table is a summary of our warehouse lines of credit in place as of September 30, 2017 and December 31, 2016 (dollars in thousands): September 30, 2017 December 31, 2016 Maximum Maximum Lender Current Maturity Pricing Facility Size Carrying Value Facility Size Carrying Value JP Morgan Chase Bank, N.A. (JP Morgan) (1) 2/28/2017 daily one-month LIBOR plus 1.45% $ — $ — $ 300,000 $ 275,945 JP Morgan (2) 10/23/2017 daily one-month LIBOR plus 1.45% 800,000 704,908 700,000 — JP Morgan (2) 10/23/2017 daily one-month LIBOR plus 2.75% 25,000 1,487 25,000 3,768 Bank of America (BofA) (1) 1/30/2017 daily one-month LIBOR plus 1.60% — — 300,000 300,000 BofA 6/5/2018 daily one-month LIBOR plus 1.40% 225,000 155,744 200,000 18,555 Fannie Mae Multifamily As Soon As Pooled Plus Agreement and Multifamily As Soon As Pooled Sale Agreement (ASAP) Program (1) 1/17/2017 daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35% — — 200,000 200,000 Fannie Mae ASAP Program Cancelable anytime daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35% 450,000 94,250 450,000 111,160 TD Bank, N.A. (TD Bank) (1) 2/28/2017 daily one-month LIBOR plus 1.35% — — 375,000 154,032 TD Bank 6/30/2018 daily one-month LIBOR plus 1.25% 400,000 366,600 400,000 — Capital One, N.A. (Capital One) (1) 1/23/2017 daily one-month LIBOR plus 1.45% — — 250,000 191,193 Capital One 7/27/2018 daily one-month LIBOR plus 1.40% 200,000 93,264 200,000 — $ 2,100,000 $ 1,416,253 $ 3,400,000 $ 1,254,653 (1) Temporary facility to accommodate year-end volume. (2) On October 23, 2017, this agreement was amended to extend the maturity date to October 22, 2018. During the nine months ended September 30, 2017, we had a maximum of $1.4 billion of warehouse lines of credit principal outstanding.

Variable Interest Entities (VIE

Variable Interest Entities (VIEs)	9 Months Ended
	Sep. 30, 2017
Equity Method Investments And Joint Ventures [Abstract]
Variable Interest Entities (VIEs)	4 . Variable Interest Entities (VIEs) We hold variable interests in certain VIEs in our Global Investment Management and Development Services segments which are not consolidated as it was determined that we are not the primary beneficiary. Our involvement with these entities is in the form of equity co-investments and fee arrangements. As of September 30, 2017 and December 31, 2016, our maximum exposure to loss related to the VIEs which are not consolidated was as follows (dollars in thousands): September 30, December 31, 2017 2016 Investments in unconsolidated subsidiaries $ 32,003 $ 31,041 Co-investment commitments 4,425 168 Other current assets 3,301 3,314 Maximum exposure to loss $ 39,729 $ 34,523

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements The “Fair Value Measurements and Disclosures” • Level 1 – Quoted prices in active markets for identical assets or liabilities. • Level 2 – Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. There were no significant transfers in or out of Level 1 and Level 2 during the three and nine months ended September 30, 2017 and 2016. There have been no significant changes to the valuation techniques and inputs used to develop the recurring fair value measurements from those disclosed in our 2016 Annual Report. The following tables present the fair value of assets and liabilities measured at fair value on a recurring basis as of September 30, 2017 and December 31, 2016 (dollars in thousands): As of September 30, 2017 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 2,349 $ — $ — $ 2,349 Debt securities issued by U.S. federal agencies — 5,169 — 5,169 Corporate debt securities — 22,134 — 22,134 Asset-backed securities — 3,600 — 3,600 Collateralized mortgage obligations — 2,684 — 2,684 Total debt securities 2,349 33,587 — 35,936 Equity securities 27,693 — — 27,693 Total available for sale securities 30,042 33,587 — 63,629 Trading securities 68,744 — — 68,744 Warehouse receivables — 1,434,910 — 1,434,910 Total assets at fair value $ 98,786 $ 1,468,497 $ — $ 1,567,283 Liabilities Interest rate swaps $ — $ 6,601 $ — $ 6,601 Securities sold, not yet purchased 2,246 — — 2,246 Foreign currency exchange forward contracts — 75 — 75 Total liabilities at fair value $ 2,246 $ 6,676 $ — $ 8,922 As of December 31, 2016 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 8,485 $ — $ — $ 8,485 Debt securities issued by U.S. federal agencies — 5,046 — 5,046 Corporate debt securities — 17,094 — 17,094 Asset-backed securities — 2,695 — 2,695 Collateralized mortgage obligations — 1,010 — 1,010 Total debt securities 8,485 25,845 — 34,330 Equity securities 22,744 — — 22,744 Total available for sale securities 31,229 25,845 — 57,074 Trading securities 52,629 — — 52,629 Warehouse receivables — 1,276,047 — 1,276,047 Foreign currency exchange forward contracts — 1,471 — 1,471 Total assets at fair value $ 83,858 $ 1,303,363 $ — $ 1,387,221 Liabilities Interest rate swaps $ — $ 13,162 $ — $ 13,162 Securities sold, not yet purchased 3,591 — — 3,591 Total liabilities at fair value $ 3,591 $ 13,162 $ — $ 16,753 There were no significant non-recurring fair value measurements recorded during the three and nine months ended September 30, 2017 and 2016. FASB ASC Topic 825, “Financial Instruments” • Cash and Cash Equivalents and – These balances include cash and cash equivalents as well as restricted cash with maturities of less than three months. The carrying amount approximates fair value due to the short-term maturities of these instruments. • Receivables, less Allowance for Doubtful Accounts – Due to their short-term nature, fair value approximates carrying value. • Warehouse Receivables – These balances are carried at fair value based on market prices at the balance sheet date. • Trading and – These investments are carried at their fair value. • Foreign Currency Exchange Forward Contracts – These assets and liabilities are carried at their fair value as calculated by using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. • Securities Sold, not yet Purchased – These liabilities are carried at their fair value. • Short-Term Borrowings – The majority of this balance represents outstanding amounts under our warehouse lines of credit of our wholly-owned subsidiary, CBRE Capital Markets. Due to the short-term nature and variable interest rates of these instruments, fair value approximates carrying value (see Notes 3 and 7). • Senior Term Loans – Based upon information from third-party banks (which falls within Level 2 of the fair value hierarchy), the estimated fair value of our senior term loans was approximately $750.8 million at September 30, 2017 and $751.4 million at December 31, 2016. Their actual carrying value, net of unamortized debt issuance costs, totaled $746.0 million and $744.3 million at September 30, 2017 and December 31, 2016, respectively (see Note 7). • Interest Rate Swaps – These liabilities are carried at their fair value as calculated by using widely-accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. • Senior Notes – Based on dealers’ quotes (which falls within Level 2 of the fair value hierarchy), the estimated fair values of our 5.00% senior notes, 4.875% senior notes and 5.25% senior notes were $829.1 million, $646.6 million and $463.4 million, respectively, at September 30, 2017 and $827.6 million, $607.0 million and $439.3 million, respectively, at December 31, 2016. The actual carrying value of our 5.00% senior notes, 4.875% senior notes and 5.25% senior notes, net of unamortized debt issuance costs, totaled $791.4 million, $591.8 million and $422.4 million, respectively, at September 30, 2017 and $790.4 million, $591.2 million and $422.2 million, respectively, at December 31, 2016.

Investments in Unconsolidated S

Investments in Unconsolidated Subsidiaries	9 Months Ended
	Sep. 30, 2017
Equity Method Investments And Joint Ventures [Abstract]
Investments in Unconsolidated Subsidiaries	6 . Investments in Unconsolidated Subsidiaries Investments in unconsolidated subsidiaries are accounted for under the equity method of accounting. Our investment ownership percentages in equity method investments vary, generally ranging up to 5.0% in our Global Investment Management segment, up to 10.0% in our Development Services segment, and up to 50.0% in our other business segments. Combined condensed financial information for the entities accounted for using the equity method is as follows (dollars in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Global Investment Management Revenue $ 308,221 $ 418,028 $ 813,279 $ 902,932 Operating (loss) income $ (59,677 ) $ 93,491 $ 32,211 $ 155,869 Net income $ 36,937 $ 52,477 $ 101,334 $ 118,348 Development Services Revenue $ 29,273 $ 26,179 $ 78,276 $ 57,255 Operating income $ 152,102 $ 26,027 $ 329,959 $ 184,136 Net income $ 141,489 $ 19,745 $ 307,641 $ 169,837 Other Revenue $ 46,648 $ 40,292 $ 116,651 $ 106,807 Operating income $ 6,504 $ 6,130 $ 17,483 $ 20,418 Net income $ 7,868 $ 6,135 $ 21,526 $ 20,506 Total Revenue $ 384,142 $ 484,499 $ 1,008,206 $ 1,066,994 Operating income $ 98,929 $ 125,648 $ 379,653 $ 360,423 Net income $ 186,294 $ 78,357 $ 430,501 $ 308,691

Long-Term Debt and Short-Term B

Long-Term Debt and Short-Term Borrowings	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Long-Term Debt and Short-Term Borrowings	7. Long-Term Debt and Short-Term Borrowings Long-Term Debt Long-term debt consists of the following (dollars in thousands): September 30, December 31, 2017 2016 Senior term loans, with interest ranging from 1.77% to 2.84%, due quarterly through 2022 $ 751,876 $ 751,875 5.00% senior notes due in 2023 800,000 800,000 4.875% senior notes due in 2026, net of unamortized discount 596,181 595,912 5.25% senior notes due in 2025, net of unamortized premium 426,363 426,500 Other 10 14 Total long-term debt 2,574,430 2,574,301 Less: current maturities of long-term debt (10 ) (11 ) Less: unamortized debt issuance costs (22,852 ) (26,164 ) Total long-term debt, net of current maturities $ 2,551,568 $ 2,548,126 On January 9, 2015, CBRE Services, Inc. (CBRE Services), our wholly-owned subsidiary, entered into an amended and restated credit agreement (2015 Credit Agreement) with a syndicate of banks jointly led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Credit Suisse AG (CS). On March 21, 2016, CBRE Services executed an amendment to the 2015 Credit Agreement that, among other things, extended the maturity on the revolving credit facility to March 2021 and increased the borrowing capacity under the revolving credit facility by $200.0 million. Our 2015 Credit Agreement is an unsecured credit facility that is jointly and severally guaranteed by us and substantially all of our material domestic subsidiaries. As of September 30, 2017, the 2015 Credit Agreement provided for the following: (1) a $2.8 billion revolving credit facility, which includes the capacity to obtain letters of credit and swingline loans and matures on March 21, 2021; (2) a $500.0 million tranche A term loan facility requiring quarterly principal payments, which began on June 30, 2015 and continue through maturity on January 9, 2020; (3) a $270.0 million tranche B-1 term loan facility requiring quarterly principal payments, which began on December 31, 2015 and continue through maturity on September 3, 2020; and (4) a $130.0 million tranche B-2 term loan facility requiring quarterly principal payments, which began on December 31, 2015 and continue through maturity on September 3, 2022. Our 2015 Credit Agreement contains restrictive covenants that, among other things, limit our ability to incur additional indebtedness, pay dividends or make distributions to stockholders, repurchase capital stock or debt, make investments, sell assets or subsidiary stock, create or permit liens on assets, engage in transactions with affiliates, enter into sale/leaseback transactions, issue subsidiary equity and enter into consolidations or mergers. Our 2015 Credit Agreement also requires us to maintain a minimum coverage ratio of EBITDA (as defined in the 2015 Credit Agreement) to total interest expense of 2.00x and a maximum leverage ratio of total debt less available cash to EBITDA (as defined in the 2015 Credit Agreement) of 4.25x as of the end of each fiscal quarter. On this basis, our coverage ratio of EBITDA to total interest expense was 14.29x for the trailing twelve months ended September 30, 2017, and our leverage ratio of total debt less available cash to EBITDA was 0.97x as of September 30, 2017. The indentures governing our 5.00% senior notes, 4.875% senior notes and 5.25% senior notes contain restrictive covenants that, among other things, limit our ability to create or permit liens on assets securing indebtedness, entering into sale/leaseback transactions and entering into consolidations or mergers. Short-Term Borrowings Revolving Credit Facility As of September 30, 2017, letters of credit totaling $2.0 million were outstanding under our revolving credit facility under our 2015 Credit Agreement. These letters of credit, which reduce the amount we may borrow under our revolving credit facility, were primarily issued in the ordinary course of business. As of September 30, 2017 and December 31, 2016, no amounts were outstanding under our revolving credit facility other than these letters of credit totaling $2.0 million. Warehouse Lines of Credit CBRE Capital Markets has warehouse lines of credit with third-party lenders for the purpose of funding mortgage loans that will be resold, and a funding arrangement with Fannie Mae for the purpose of selling a percentage of certain closed multifamily loans to Fannie Mae. These warehouse lines are recourse only to CBRE Capital Markets and are secured by our related warehouse receivables. See Note 3 for additional information.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and Contingencies We are a party to a number of pending or threatened lawsuits arising out of, or incident to, our ordinary course of business. We believe that any losses in excess of the amounts accrued therefor as liabilities on our financial statements are unlikely to be significant, but litigation is inherently uncertain and there is the potential for a material adverse effect on our financial statements if one or more matters are resolved in a particular period in an amount materially in excess of what we anticipated. In January 2008, CBRE MCI, a wholly-owned subsidiary of CBRE Capital Markets, entered into an agreement with Fannie Mae under Fannie Mae’s Delegated Underwriting and Servicing Lender Program (DUS Program), to provide financing for multifamily housing with five or more units. Under the DUS Program, CBRE MCI originates, underwrites, closes and services loans without prior approval by Fannie Mae, and in selected cases, is subject to sharing up to one-third of any losses on loans originated under the DUS Program. CBRE MCI has funded loans subject to such loss sharing arrangements with unpaid principal balances of $18.5 billion at September 30, 2017. CBRE MCI, under its agreement with Fannie Mae, must post cash reserves or other acceptable collateral under formulas established by Fannie Mae to provide for sufficient capital in the event losses occur. As of September 30, 2017 and December 31, 2016, CBRE MCI had a $53.0 million and a $45.0 million, respectively, letter of credit under this reserve arrangement, and had provided approximately $31.1 million and $28.2 million, respectively, of loan loss accruals. Fannie Mae’s recourse under the DUS Program is limited to the assets of CBRE MCI, which assets totaled approximately $668.4 million (including $431.3 million of warehouse receivables, a substantial majority of which are pledged against warehouse lines of credit and are therefore not available to Fannie Mae) at September 30, 2017. CBRE Capital Markets participates in Freddie Mac’s Multifamily Small Balance Loan (SBL) Program. Under the SBL program, CBRE Capital Markets has certain repurchase and loss reimbursement obligations. These obligations are for the period from origination of the loan to the securitization date. CBRE Capital Markets must post a cash reserve or other acceptable collateral to provide for sufficient capital in the event the obligations are triggered. As of September 30, 2017, CBRE Capital Markets had posted a $5.0 million letter of credit under this reserve arrangement. We had outstanding letters of credit totaling $64.5 million as of September 30, 2017, excluding letters of credit for which we have outstanding liabilities already accrued on our consolidated balance sheet related to our subsidiaries’ outstanding reserves for claims under certain insurance programs as well as letters of credit related to operating leases. CBRE Capital Markets letters of credit totaling $58.0 million as of September 30, 2017 referred to in the preceding paragraphs represented the majority of the $64.5 million outstanding letters of credit as of such date. The remaining letters of credit are primarily executed by us in the ordinary course of business and expire at varying dates through September 2018. We had guarantees totaling $62.3 million as of September 30, 2017, excluding guarantees related to pension liabilities, consolidated indebtedness and other obligations for which we have outstanding liabilities already accrued on our consolidated balance sheet, and excluding guarantees related to operating leases. The $62.3 million primarily represents guarantees executed by us in the ordinary course of business, including various guarantees of management and vendor contracts in our operations overseas, which expire at the end of each of the respective agreements. In addition, as of September 30, 2017, we had issued numerous non-recourse carveout, completion and budget guarantees relating to development projects for the benefit of third parties. These guarantees are commonplace in our industry and are made by us in the ordinary course of our Development Services business. Non-recourse carveout guarantees generally require that our project-entity borrower not commit specified improper acts, with us potentially liable for all or a portion of such entity’s indebtedness or other damages suffered by the lender if those acts occur. Completion and budget guarantees generally require us to complete construction of the relevant project within a specified timeframe and/or within a specified budget, with us potentially being liable for costs to complete in excess of such timeframe or budget. However, we generally use “guaranteed maximum price” contracts with reputable, bondable general contractors with respect to projects for which we provide these guarantees. These contracts are intended to pass the risk to such contractors. While there can be no assurance, we do not expect to incur any material losses under these guarantees. An important part of the strategy for our Global Investment Management business involves investing our capital in certain real estate investments with our clients. These co-investments generally total up to 2.0% of the equity in a particular fund. As of September 30, 2017, we had aggregate commitments of $33.5 million to fund future co-investments. Additionally, an important part of our Development Services business strategy is to invest in unconsolidated real estate subsidiaries as a principal (in most cases co-investing with our clients). As of September 30, 2017, we had committed to fund $20.4 million of additional capital to these unconsolidated subsidiaries.

Income Per Share Information

Income Per Share Information	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Income Per Share Information	9. Income Per Share Information The calculations of basic and diluted income per share attributable to CBRE Group, Inc. shareholders are as follows (dollars in thousands, except share data): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Basic Income Per Share Net income attributable to CBRE Group, Inc. shareholders $ 196,317 $ 104,163 $ 523,079 $ 307,998 Weighted average shares outstanding for basic income per share 337,948,324 335,770,122 337,280,914 334,949,606 Basic income per share attributable to CBRE Group, Inc. shareholders $ 0.58 $ 0.31 $ 1.55 $ 0.92 Diluted Income Per Share Net income attributable to CBRE Group, Inc. shareholders $ 196,317 $ 104,163 $ 523,079 $ 307,998 Weighted average shares outstanding for basic income per share 337,948,324 335,770,122 337,280,914 334,949,606 Dilutive effect of contingently issuable shares 3,236,525 2,707,401 3,217,594 3,070,134 Dilutive effect of stock options 1,582 11,452 3,924 33,557 Weighted average shares outstanding for diluted income per share 341,186,431 338,488,975 340,502,432 338,053,297 Diluted income per share attributable to CBRE Group, Inc. shareholders $ 0.58 $ 0.31 $ 1.54 $ 0.91 For the three and nine months ended September 30, 2017, 384,775 and 1,141,522, respectively, of contingently issuable shares were excluded from the computation of diluted income per share because their inclusion would have had an anti-dilutive effect. For the three and nine months ended September 30, 2016, 1,972,360 and 1,704,848, respectively, of contingently issuable shares were excluded from the computation of diluted income per share because their inclusion would have had an anti-dilutive effect.

Segments

Segments	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segments	10. Segments We report our operations through the following segments: (1) Americas; (2) Europe, Middle East and Africa (EMEA); (3) Asia Pacific; (4) Global Investment Management; and (5) Development Services. The Americas segment is our largest segment of operations and provides a comprehensive range of services throughout the U.S. and in the largest regions of Canada and key markets in Latin America. The primary services offered consist of the following: property sales, property leasing, mortgage services, appraisal and valuation, property management and occupier outsourcing services. Our EMEA and Asia Pacific segments generally provide services similar to the Americas business segment. The EMEA segment has operations primarily in Europe, while the Asia Pacific segment has operations in Asia, Australia and New Zealand. Our Global Investment Management business provides investment management services to clients seeking to generate returns and diversification through direct and indirect investments in real estate in North America, Europe and Asia Pacific. Our Development Services business consists of real estate development and investment activities primarily in the U.S. Summarized financial information by segment is as follows (dollars in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 (1) 2017 2016 (1) Revenue Americas $ 1,969,430 $ 1,775,326 $ 5,518,963 $ 5,143,590 EMEA 1,033,042 948,053 2,831,964 2,742,318 Asia Pacific 440,933 361,802 1,202,706 1,032,763 Global Investment Management 92,122 91,807 274,451 277,924 Development Services 14,450 16,499 45,312 51,163 Total revenue $ 3,549,977 $ 3,193,487 $ 9,873,396 $ 9,247,758 Adjusted EBITDA Americas $ 238,259 $ 222,043 $ 689,068 $ 636,668 EMEA 71,169 61,177 173,610 148,842 Asia Pacific 43,081 31,467 106,562 72,570 Global Investment Management 23,202 18,988 72,971 68,329 Development Services 35,863 15,709 85,120 66,109 Total Adjusted EBITDA $ 411,574 $ 349,384 $ 1,127,331 $ 992,518 (1) In 2017, we changed the presentation of the operating results of one of our emerging businesses among our regional services reporting segments. Prior year amounts have been reclassified to conform with the current-year presentation. This change had no impact on our consolidated results. Adjusted EBITDA is the measure reported to the chief operating decision maker for purposes of making decisions about allocating resources to each segment and assessing performance of each segment. EBITDA represents earnings before net interest expense, income taxes, depreciation and amortization. Amounts shown for adjusted EBITDA further remove (from EBITDA) the impact of certain cash and non-cash charges related to acquisitions, cost-elimination expenses and certain carried interest incentive compensation expense (reversal) to align with the timing of associated revenue. Adjusted EBITDA is calculated as follows (dollars in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 (1) 2017 2016 (1) Net income attributable to CBRE Group, Inc. $ 196,317 $ 104,163 $ 523,079 $ 307,998 Add: Depreciation and amortization 102,591 92,725 297,014 269,987 Interest expense 34,483 37,273 103,923 109,050 Provision for income taxes 76,178 51,414 195,813 165,578 Less: Interest income 3,129 1,020 6,967 5,545 EBITDA 406,440 284,555 1,112,862 847,068 Adjustments: Cost-elimination expenses (2) — 38,877 — 78,456 Integration and other costs related to acquisitions — 28,596 27,351 73,520 Carried interest incentive compensation expense (reversal) to align with the timing of associated revenue 5,134 (2,644 ) (12,882 ) (6,526 ) Adjusted EBITDA $ 411,574 $ 349,384 $ 1,127,331 $ 992,518 (1) In 2017, we changed the presentation of the operating results of one of our emerging businesses among our regional services reporting segments. Prior year amounts have been reclassified to conform with the current-year presentation. This change had no impact on our consolidated results. (2) Represents cost-elimination expenses relating to a program initiated in the fourth quarter of 2015 and completed in the third quarter of 2016 (our cost-elimination project) to reduce the company’s global cost structure after several years of significant revenue and related cost growth. Cost-elimination expenses incurred during the three and nine months ended September 30, 2016 consisted of $36.7 million and $73.6 million, respectively, of severance costs related to headcount reductions in connection with the program and $2.2 million and $4.9 million, respectively, of third-party contract termination costs.

Guarantor and Nonguarantor Fina

Guarantor and Nonguarantor Financial Statements	9 Months Ended
	Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Guarantor and Nonguarantor Financial Statements	11. Guarantor and Nonguarantor Financial Statements The following condensed consolidating financial information includes condensed consolidating balance sheets as of September 30, 2017 and December 31, 2016, condensed consolidating statements of operations and condensed consolidating statements of comprehensive income for the three and nine months ended September 30, 2017 and 2016 and condensed consolidating statements of cash flows for the nine months ended September 30, 2017 and 2016 of: • CBRE Group, Inc., as the parent; CBRE Services, as the subsidiary issuer; the guarantor subsidiaries; the nonguarantor subsidiaries; • Elimination entries necessary to consolidate CBRE Group, Inc., as the parent, with CBRE Services and its guarantor and nonguarantor subsidiaries; and • CBRE Group, Inc., on a consolidated basis. Investments in consolidated subsidiaries are presented using the equity method of accounting. The principal elimination entries eliminate investments in consolidated subsidiaries and intercompany balances and transactions. CONDENSED CONSOLIDATING BALANCE SHEET AS OF SEPTEMBER 30, 2017 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total ASSETS Current Assets: Cash and cash equivalents $ 7 $ 7,721 $ 446,123 $ 501,754 $ — $ 955,605 Restricted cash — — 2,048 82,746 — 84,794 Receivables, net — — 1,069,509 1,773,617 — 2,843,126 Warehouse receivables (1) — — 1,002,000 432,910 — 1,434,910 Income taxes receivable 587 4,399 — 61,425 (25 ) 66,386 Prepaid expenses — — 77,336 140,713 — 218,049 Other current assets — — 60,622 141,242 — 201,864 Total Current Assets 594 12,120 2,657,638 3,134,407 (25 ) 5,804,734 Property and equipment, net — — 400,273 173,993 — 574,266 Goodwill — — 1,684,808 1,450,400 — 3,135,208 Other intangible assets, net — — 753,706 646,993 — 1,400,699 Investments in unconsolidated subsidiaries — — 188,353 45,281 — 233,634 Investments in consolidated subsidiaries 5,143,175 4,988,534 2,807,898 — (12,939,607 ) — Intercompany loan receivable — 2,690,873 700,000 — (3,390,873 ) — Deferred tax assets, net — — 30,673 94,250 (30,673 ) 94,250 Other assets, net — 18,306 275,452 115,465 — 409,223 Total Assets $ 5,143,769 $ 7,709,833 $ 9,498,801 $ 5,660,789 $ (16,361,178 ) $ 11,652,014 LIABILITIES AND EQUITY Current Liabilities: Accounts payable and accrued expenses $ — $ 7,788 $ 482,449 $ 1,015,623 $ — $ 1,505,860 Compensation and employee benefits payable — 626 412,761 350,167 — 763,554 Accrued bonus and profit sharing — — 413,826 313,240 — 727,066 Income taxes payable — — 34,581 47,550 (25 ) 82,106 Short-term borrowings: — Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) (1) — — 999,172 417,081 — 1,416,253 Other — — 16 — — 16 Total short-term borrowings — — 999,188 417,081 — 1,416,269 Current maturities of long-term debt — — — 10 — 10 Other current liabilities — 84 40,500 15,928 — 56,512 Total Current Liabilities — 8,498 2,383,305 2,159,599 (25 ) 4,551,377 Long-Term Debt, net: Long-term debt, net — 2,551,568 — — — 2,551,568 Intercompany loan payable 1,348,299 — 1,826,325 216,249 (3,390,873 ) — Total Long-Term Debt, net 1,348,299 2,551,568 1,826,325 216,249 (3,390,873 ) 2,551,568 Deferred tax liabilities, net — — — 156,455 (30,673 ) 125,782 Non-current tax liabilities — — 16,037 1,814 — 17,851 Other liabilities — 6,592 284,600 262,408 — 553,600 Total Liabilities 1,348,299 2,566,658 4,510,267 2,796,525 (3,421,571 ) 7,800,178 Commitments and contingencies — — — — — — Equity: CBRE Group, Inc. Stockholders’ Equity 3,795,470 5,143,175 4,988,534 2,807,898 (12,939,607 ) 3,795,470 Non-controlling interests — — — 56,366 — 56,366 Total Equity 3,795,470 5,143,175 4,988,534 2,864,264 (12,939,607 ) 3,851,836 Total Liabilities and Equity $ 5,143,769 $ 7,709,833 $ 9,498,801 $ 5,660,789 $ (16,361,178 ) $ 11,652,014 (1) Although CBRE Capital Markets is included among our domestic subsidiaries that jointly and severally guarantee our 5.00% senior notes, 4.875% senior notes, 5.25% senior notes and our 2015 Credit Agreement, a substantial majority of warehouse receivables funded under JP Morgan, TD Bank, BofA, Fannie Mae ASAP and Capital One lines of credit are pledged to JP Morgan, TD Bank, BofA, Fannie Mae and Capital One. CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2016 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total ASSETS Current Assets: Cash and cash equivalents $ 7 $ 16,889 $ 264,121 $ 481,559 $ — $ 762,576 Restricted cash — — 6,967 61,869 — 68,836 Receivables, net — — 943,028 1,662,574 — 2,605,602 Warehouse receivables (1) — — 687,454 588,593 — 1,276,047 Income taxes receivable 1,915 17,364 8,170 37,456 (19,279 ) 45,626 Prepaid expenses — — 78,296 105,811 — 184,107 Other current assets — 1,421 64,576 113,659 — 179,656 Total Current Assets 1,922 35,674 2,052,612 3,051,521 (19,279 ) 5,122,450 Property and equipment, net — — 395,749 165,007 — 560,756 Goodwill — — 1,669,683 1,311,709 — 2,981,392 Other intangible assets, net — — 793,525 617,514 — 1,411,039 Investments in unconsolidated subsidiaries — — 189,455 42,783 — 232,238 Investments in consolidated subsidiaries 4,226,629 4,076,265 2,314,549 — (10,617,443 ) — Intercompany loan receivable — 2,684,421 700,000 — (3,384,421 ) — Deferred tax assets, net — — 72,325 90,334 (57,335 ) 105,324 Other assets, net — 22,229 240,707 103,452 — 366,388 Total Assets $ 4,228,551 $ 6,818,589 $ 8,428,605 $ 5,382,320 $ (14,078,478 ) $ 10,779,587 LIABILITIES AND EQUITY Current Liabilities: Accounts payable and accrued expenses $ — $ 30,049 $ 409,470 $ 1,006,919 $ — $ 1,446,438 Compensation and employee benefits payable — 626 402,719 369,577 — 772,922 Accrued bonus and profit sharing — — 506,715 383,606 — 890,321 Income taxes payable — — 40,946 36,684 (19,279 ) 58,351 Short-term borrowings: — Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) (1) — — 680,473 574,180 — 1,254,653 Other — — 16 — — 16 Total short-term borrowings — — 680,489 574,180 — 1,254,669 Current maturities of long-term debt — — — 11 — 11 Other current liabilities — — 81,590 21,127 — 102,717 Total Current Liabilities — 30,675 2,121,929 2,392,104 (19,279 ) 4,525,429 Long-Term Debt, net: Long-term debt, net — 2,548,123 — 3 — 2,548,126 Intercompany loan payable 1,214,064 — 1,916,675 253,682 (3,384,421 ) — Total Long-Term Debt, net 1,214,064 2,548,123 1,916,675 253,685 (3,384,421 ) 2,548,126 Deferred tax liabilities, net — — — 128,054 (57,335 ) 70,719 Non-current tax liabilities — — 53,422 620 — 54,042 Other liabilities — 13,162 260,314 250,550 — 524,026 Total Liabilities 1,214,064 2,591,960 4,352,340 3,025,013 (3,461,035 ) 7,722,342 Commitments and contingencies — — — — — — Equity: CBRE Group, Inc. Stockholders’ Equity 3,014,487 4,226,629 4,076,265 2,314,549 (10,617,443 ) 3,014,487 Non-controlling interests — — — 42,758 — 42,758 Total Equity 3,014,487 4,226,629 4,076,265 2,357,307 (10,617,443 ) 3,057,245 Total Liabilities and Equity $ 4,228,551 $ 6,818,589 $ 8,428,605 $ 5,382,320 $ (14,078,478 ) $ 10,779,587 (1) Although CBRE Capital Markets is included among our domestic subsidiaries that jointly and severally guarantee our 5.00% senior notes, 4.875% senior notes, 5.25% senior notes and our 2015 Credit Agreement, a substantial majority of warehouse receivables funded under BofA, Fannie Mae ASAP, JP Morgan, Capital One and TD Bank lines of credit are pledged to BofA, Fannie Mae, JP Morgan, Capital One and TD Bank. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2017 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Revenue $ — $ — $ 1,774,112 $ 1,775,865 $ — $ 3,549,977 Costs and expenses: Cost of services — — 1,256,664 1,256,713 — 2,513,377 Operating, administrative and other 770 756 374,966 328,406 — 704,898 Depreciation and amortization — — 60,610 41,981 — 102,591 Total costs and expenses 770 756 1,692,240 1,627,100 — 3,320,866 Gain on disposition of real estate — — 5,315 865 — 6,180 Operating (loss) income (770 ) (756 ) 87,187 149,630 — 235,291 Equity income from unconsolidated subsidiaries — — 65,439 2,395 — 67,834 Other income — — 455 1,313 — 1,768 Interest income — 30,651 1,352 1,777 (30,651 ) 3,129 Interest expense — 33,577 22,660 8,897 (30,651 ) 34,483 Royalty and management service (income) expense — — (4,389 ) 4,389 — — Income from consolidated subsidiaries 196,791 199,062 99,222 — (495,075 ) — Income before (benefit of) provision for income taxes 196,021 195,380 235,384 141,829 (495,075 ) 273,539 (Benefit of) provision for income taxes (296 ) (1,411 ) 36,322 41,563 — 76,178 Net income 196,317 196,791 199,062 100,266 (495,075 ) 197,361 Less: Net income attributable to non-controlling interests — — — 1,044 — 1,044 Net income attributable to CBRE Group, Inc. $ 196,317 $ 196,791 $ 199,062 $ 99,222 $ (495,075 ) $ 196,317 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2016 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Revenue $ — $ — $ 1,611,836 $ 1,581,651 $ — $ 3,193,487 Costs and expenses: Cost of services — — 1,149,943 1,102,840 — 2,252,783 Operating, administrative and other 1,165 (158 ) 353,420 332,103 — 686,530 Depreciation and amortization — — 54,423 38,302 — 92,725 Total costs and expenses 1,165 (158 ) 1,557,786 1,473,245 — 3,032,038 Gain on disposition of real estate — — — 11,043 — 11,043 Operating (loss) income (1,165 ) 158 54,050 119,449 — 172,492 Equity income from unconsolidated subsidiaries — — 24,287 385 — 24,672 Other income — — 278 1,078 — 1,356 Interest income — 33,550 592 428 (33,550 ) 1,020 Interest expense — 34,809 24,921 11,093 (33,550 ) 37,273 Royalty and management service (income) expense — — (2,972 ) 2,972 — — Income from consolidated subsidiaries 104,881 105,560 65,474 — (275,915 ) — Income before (benefit of) provision for income taxes 103,716 104,459 122,732 107,275 (275,915 ) 162,267 (Benefit of) provision for income taxes (447 ) (422 ) 17,172 35,111 — 51,414 Net income 104,163 104,881 105,560 72,164 (275,915 ) 110,853 Less: Net income attributable to non-controlling interests — — — 6,690 — 6,690 Net income attributable to CBRE Group, Inc. $ 104,163 $ 104,881 $ 105,560 $ 65,474 $ (275,915 ) $ 104,163 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2017 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Revenue $ — $ — $ 5,046,641 $ 4,826,755 $ — $ 9,873,396 Costs and expenses: Cost of services — — 3,504,306 3,414,712 — 6,919,018 Operating, administrative and other 1,532 1,643 1,078,709 941,619 — 2,023,503 Depreciation and amortization — — 176,035 120,979 — 297,014 Total costs and expenses 1,532 1,643 4,759,050 4,477,310 — 9,239,535 Gain on disposition of real estate — — 5,543 13,320 — 18,863 Operating (loss) income (1,532 ) (1,643 ) 293,134 362,765 — 652,724 Equity income from unconsolidated subsidiaries — — 154,769 3,467 — 158,236 Other income — 1 1,481 7,587 — 9,069 Interest income — 91,250 3,891 3,076 (91,250 ) 6,967 Interest expense — 101,087 67,276 26,810 (91,250 ) 103,923 Royalty and management service (income) expense — — (11,088 ) 11,088 — — Income from consolidated subsidiaries 524,024 531,104 227,120 — (1,282,248 ) — Income before (benefit of) provision for income taxes 522,492 519,625 624,207 338,997 (1,282,248 ) 723,073 (Benefit of) provision for income taxes (587 ) (4,399 ) 93,103 107,696 — 195,813 Net income 523,079 524,024 531,104 231,301 (1,282,248 ) 527,260 Less: Net income attributable to non-controlling interests — — — 4,181 — 4,181 Net income attributable to CBRE Group, Inc. $ 523,079 $ 524,024 $ 531,104 $ 227,120 $ (1,282,248 ) $ 523,079 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Revenue $ — $ — $ 4,751,526 $ 4,496,232 $ — $ 9,247,758 Costs and expenses: Cost of services — — 3,304,291 3,216,338 — 6,520,629 Operating, administrative and other 3,358 (1,584 ) 1,061,778 946,786 — 2,010,338 Depreciation and amortization — — 165,087 104,900 — 269,987 Total costs and expenses 3,358 (1,584 ) 4,531,156 4,268,024 — 8,800,954 Gain on disposition of real estate — — 3,659 12,203 — 15,862 Operating (loss) income (3,358 ) 1,584 224,029 240,411 — 462,666 Equity income from unconsolidated subsidiaries — — 114,504 2,398 — 116,902 Other income (loss) — 1 (203 ) 8,655 — 8,453 Interest income — 99,119 2,163 3,382 (99,119 ) 5,545 Interest expense — 103,425 74,331 30,413 (99,119 ) 109,050 Royalty and management service (income) expense — — (26,740 ) 26,740 — — Income from consolidated subsidiaries 310,069 311,747 107,849 — (729,665 ) — Income before (benefit of) provision for income taxes 306,711 309,026 400,751 197,693 (729,665 ) 484,516 (Benefit of) provision for income taxes (1,287 ) (1,043 ) 89,004 78,904 — 165,578 Net income 307,998 310,069 311,747 118,789 (729,665 ) 318,938 Less: Net income attributable to non-controlling interests — — — 10,940 — 10,940 Net income attributable to CBRE Group, Inc. $ 307,998 $ 310,069 $ 311,747 $ 107,849 $ (729,665 ) $ 307,998 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2017 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Net income $ 196,317 $ 196,791 $ 199,062 $ 100,266 $ (495,075 ) $ 197,361 Other comprehensive income: Foreign currency translation gain — — — 64,711 — 64,711 Amounts reclassified from accumulated other comprehensive loss to interest expense, net — 1,260 — — — 1,260 Unrealized gains on interest rate swaps, net — 25 — — — 25 Unrealized holding gains on available for sale securities, net — — 331 8 — 339 Other, net — — (4 ) — — (4 ) Total other comprehensive income — 1,285 327 64,719 — 66,331 Comprehensive income 196,317 198,076 199,389 164,985 (495,075 ) 263,692 Less: Comprehensive income attributable to non-controlling interests — — — 1,227 — 1,227 Comprehensive income attributable to CBRE Group, Inc. $ 196,317 $ 198,076 $ 199,389 $ 163,758 $ (495,075 ) $ 262,465 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2016 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Net income $ 104,163 $ 104,881 $ 105,560 $ 72,164 $ (275,915 ) $ 110,853 Other comprehensive income (loss): Foreign currency translation loss — — — (15,940 ) — (15,940 ) Amounts reclassified from accumulated other comprehensive loss to interest expense, net — 1,720 — — — 1,720 Unrealized gains on interest rate swaps, net — 788 — — — 788 Unrealized holding gains on available for sale securities, net — — 348 — — 348 Other, net — — — 2 — 2 Total other comprehensive income (loss) — 2,508 348 (15,938 ) — (13,082 ) Comprehensive income 104,163 107,389 105,908 56,226 (275,915 ) 97,771 Less: Comprehensive income attributable to non-controlling interests — — — 6,768 — 6,768 Comprehensive income attributable to CBRE Group, Inc. $ 104,163 $ 107,389 $ 105,908 $ 49,458 $ (275,915 ) $ 91,003 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2017 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Net income $ 523,079 $ 524,024 $ 531,104 $ 231,301 $ (1,282,248 ) $ 527,260 Other comprehensive (loss) income: Foreign currency translation gain — — — 204,147 — 204,147 Amounts reclassified from accumulated other comprehensive loss to interest expense, net — 4,148 — — — 4,148 Unrealized gains on interest rate swaps, net — 102 — — — 102 Unrealized holding gains on available for sale securities, net — — 2,056 183 — 2,239 Other, net (2 ) — (18 ) — — (20 ) Total other comprehensive (loss) income (2 ) 4,250 2,038 204,330 — 210,616 Comprehensive income 523,077 528,274 533,142 435,631 (1,282,248 ) 737,876 Less: Comprehensive income attributable to non-controlling interests — — — 4,544 — 4,544 Comprehensive income attributable to CBRE Group, Inc. $ 523,077 $ 528,274 $ 533,142 $ 431,087 $ (1,282,248 ) $ 733,332 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Net income $ 307,998 $ 310,069 $ 311,747 $ 118,789 $ (729,665 ) $ 318,938 Other comprehensive income (loss): Foreign currency translation loss — — — (101,654 ) — (101,654 ) Amounts reclassified from accumulated other comprehensive loss to interest expense, net — 5,196 — — — 5,196 Unrealized losses on interest rate swaps, net — (3,327 ) — — — (3,327 ) Unrealized holding gains on available for sale securities, net — — 862 131 — 993 Other, net — — (759 ) 2 — (757 ) Total other comprehensive income (loss) — 1,869 103 (101,521 ) — (99,549 ) Comprehensive income 307,998 311,938 311,850 17,268 (729,665 ) 219,389 Less: Comprehensive income attributable to non-controlling interests — — — 11,057 — 11,057 Comprehensive income attributable to CBRE Group, Inc. $ 307,998 $ 311,938 $ 311,850 $ 6,211 $ (729,665 ) $ 208,332 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2017 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Total CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES: $ 69,358 $ (7,513 ) $ 129,361 $ 56,062 $ 247,268 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — (68,566 ) (33,040 ) (101,606 ) Acquisition of businesses (other than GWS), including net assets acquired, intangibles and goodwill, net of cash acquired — — (39,937 ) (19,457 ) (59,394 ) Contributions to unconsolidated subsidiaries — — (33,582 ) (3,077 ) (36,659 ) Distributions from unconsolidated subsidiaries — — 172,868 4,638 177,506 Decrease (increase) in restricted cash — — 4,919 (15,939 ) (11,020 ) Purchase of available for sale securities — — (29,408 ) — (29,408 ) Proceeds from the sale of available for sale securities — — 25,618 — 25,618 Other investing activities, net — — 892 264 1,156 Net cash provided by (used in) investing activities — — 32,804 (66,611 ) (33,807 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from revolving credit facility — 911,000 — — 911,000 Repayment of revolving credit facility — (911,000 ) — — (911,000 ) Proceeds from notes payable on real estate held for investment — — — 79 79 Repayment of notes payable on real estate held for investment — — — (1,324 ) (1,324 ) Proceeds from notes payable on real estate held for sale and under development — — — 3,341 3,341 Repayment of notes payable on real estate held for sale and under development — — — (10,777 ) (10,777 ) Units repurchased for payment of taxes on equity awards (29,549 ) — — — (29,549 ) Non-controlling interest contributions — — — 3,410 3,410 Non-controlling interest distributions — — — (6,643 ) (6,643 ) Payment of financing costs — — — (21 ) (21 ) (Increase) decrease in intercompany receivables, net (40,288 ) (1,655 ) 22,982 18,961 — Other financing activities, net 479 — (3,145 ) (7 ) (2,673 ) Net cash (used in) provided by financing activities (69,358 ) (1,655 ) 19,837 7,019 (44,157 ) Effect of currency exchange rate changes on cash and cash equivalents — — — 23,725 23,725 NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS — (9,168 ) 182,002 20,195 193,029 CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD 7 16,889 264,121 481,559 762,576 CASH AND CASH EQUIVALENTS, AT END OF PERIOD $ 7 $ 7,721 $ 446,123 $ 501,754 $ 955,605 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for: Interest $ — $ 111,795 $ — $ 31 $ 111,826 Income taxes, net $ — $ — $ 80,156 $ 124,072 $ 204,228 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Total CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES: $ 65,900 $ (9,453 ) $ (80,074 ) $ (29,562 ) $ (53,189 ) CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — (81,359 ) (52,998 ) (134,357 ) Acquisition of businesses (other than GWS), including net assets acquired, intangibles and goodwill, net of cash acquired — — (1,249 ) (20,817 ) (22,066 ) Acquisition of GWS, including net assets acquired, intangibles and goodwill — — 3,256 (13,733 ) (10,477 ) Contributions to unconsolidated subsidiaries — — (36,693 ) (20,602 ) (57,295 ) Distributions from unconsolidated subsidiaries — — 116,072 3,467 119,539 Net proceeds from disposition of real estate held for investment — — — 44,326 44,326 Increase in restricted cash — — (545 ) (1,078 ) (1,623 ) Purchase of available for sale securities — — (31,413 ) — (31,413 ) Proceeds from the sale of available for sale securities — — 29,560 — 29,560 Other investing activities, net — — 10,677 13,508 24,185 Net cash provided by (used in) investing activities — — 8,306 (47,927 ) (39,621 ) CASH FLOWS FROM FINANCING ACTIVITIES: Repayment of senior term loans — (23,125 ) — — (23,125 ) Proceeds from revolving credit facility — 2,195,000 — — 2,195,000 Repayment of revolving credit facility — (2,112,000 ) — — (2,112,000 ) Proceeds from notes payable on real estate held for investment — — — 7,274 7,274 Repayment of notes payable on real estate held for investment — — — (33,516 ) (33,516 ) Proceeds from notes payable on real estate held for sale and under development — — — 15,110 15,110 Repayment of notes payable on real estate held for sale and under development — — — (4,102 ) (4,102 ) Shares repurchased for payment of taxes on equity awards (27,796 ) — — — (27,796 ) Non-controlling interest contributions — — — 1,478 1,478 Non-controlling interest distributions — — — (12,800 ) (12,800 ) Payment of financing costs — (5,460 ) — (141 ) (5,601 ) (Increase) decrease in intercompany receivables, net (39,019 ) (40,954 ) (50,454 ) 130,427 — Other financing activities, net 915 — (1,173 ) (503 ) (761 ) Net cash (used in) provided by financing activities (65,900 ) 13,461 (51,627 ) 103,227 (839 ) Effect of currency exchange rate changes on cash and cash equivalents — — — (408 ) (408 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 4,008 (123,395 ) 25,330 (94,057 ) CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD 5 8,479 147,410 384,509 540,403 CASH AND CASH EQUIVALENTS, AT END OF PERIOD $ 5 $ 12,487 $ 24,015 $ 409,839 $ 446,346 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for: Interest $ — $ 115,698 $ — $ 2,574 $ 118,272 Income taxes, net $ — $ — $ 123,231 $ 101,898 $ 225,129

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Event	12. On October 31, 2017, CBRE Services, our wholly-owned subsidiary, entered into a new Credit Agreement (the 2017 Credit Agreement), which refinanced and replaced the 2015 Credit Agreement (see Note 7). The 2017 Credit Agreement is a senior unsecured credit facility that is jointly and severally guaranteed by us and certain of our subsidiaries. The 2017 Credit Agreement provides for the following credit facilities: • a $750.0 million delayed draw tranche A term loan facility; and • a revolving credit facility of up to $2.8 billion (including an allowance for borrowings outside of the U.S.), which includes the capacity to obtain letters of credit and swingline loans and matures on October 31, 2022. Borrowings under the tranche A term loan facility bear interest, based at our option, on either (1) the applicable fixed rate plus 0.875% to 1.25% or (2) the daily rate plus 0.0% to 0.25%, in each case as determined by reference to our Credit Rating (as defined in the 2017 Credit Agreement). Borrowings under the tranche A term loan facility require quarterly payments, which begin on March 5, 2018 and continue through maturity on October 31, 2022, provided that in the event that our leverage ratio (as defined in the 2017 Credit Agreement) is less than or equal to 2.50 to 1.00 on the last day of the fiscal quarter immediately preceding any such payment date, no such quarterly principal payment shall be required on such date. The revolving credit facility allows for borrowings outside of the U.S., with a $200.0 million sub-facility available to one of our Canadian subsidiaries, one of our Australian subsidiaries and one of our New Zealand subsidiaries and a $300.0 million sub-facility available to one of our U.K. subsidiaries. Borrowings under the revolving credit facility bear interest at varying rates, based at our option, on either (1) the applicable fixed rate plus 0.775% to 1.075% or (2) the daily rate plus 0.0% to 0.075%, in each case as determined by reference to our Credit Rating (as defined in the 2017 Credit Agreement). The 2017 Credit Agreement requires us to pay a fee based on the total amount of the revolving credit facility commitment (whether used or unused) and a ticking fee to the lenders under the tranche A term loan facility (commencing on January 30, 2018 and ending on July 31, 2018 (or such earlier date as the tranche A term loan facility is terminated or drawn in its entirety)). On October 31, 2017, CBRE Services made an initial borrowing of (1) $200.0 million under the tranche A term loan facility (with the remaining $550.0 million available to be drawn under the tranche A term loan facility on one additional occasion on any date on or prior to July 31, 2018) and (2) $83.0 million under the revolving credit facility. These proceeds, in addition to cash on hand, were used to repay all amounts outstanding under the 2015 Credit Agreement.

Warehouse Receivables & Wareh20

Warehouse Receivables & Warehouse Lines of Credit (Tables)	9 Months Ended
	Sep. 30, 2017
Warehouse Receivables And Warehouse Lines Of Credit [Abstract]
Schedule of Warehouse Receivables	A rollforward of our warehouse receivables is as follows (dollars in thousands): Beginning balance at January 1, 2017 $ 1,276,047 Origination of mortgage loans 11,441,884 Gains (premiums on loan sales) 32,711 Sale of mortgage loans (11,283,330 ) Cash collections of premiums on loan sales (32,711 ) Proceeds from sale of mortgage loans (11,316,041 ) Net increase in mortgage servicing rights included in warehouse receivables 309 Ending balance at September 30, 2017 $ 1,434,910
Summary of Warehouse Lines of Credit in Place	The following table is a summary of our warehouse lines of credit in place as of September 30, 2017 and December 31, 2016 (dollars in thousands): September 30, 2017 December 31, 2016 Maximum Maximum Lender Current Maturity Pricing Facility Size Carrying Value Facility Size Carrying Value JP Morgan Chase Bank, N.A. (JP Morgan) (1) 2/28/2017 daily one-month LIBOR plus 1.45% $ — $ — $ 300,000 $ 275,945 JP Morgan (2) 10/23/2017 daily one-month LIBOR plus 1.45% 800,000 704,908 700,000 — JP Morgan (2) 10/23/2017 daily one-month LIBOR plus 2.75% 25,000 1,487 25,000 3,768 Bank of America (BofA) (1) 1/30/2017 daily one-month LIBOR plus 1.60% — — 300,000 300,000 BofA 6/5/2018 daily one-month LIBOR plus 1.40% 225,000 155,744 200,000 18,555 Fannie Mae Multifamily As Soon As Pooled Plus Agreement and Multifamily As Soon As Pooled Sale Agreement (ASAP) Program (1) 1/17/2017 daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35% — — 200,000 200,000 Fannie Mae ASAP Program Cancelable anytime daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35% 450,000 94,250 450,000 111,160 TD Bank, N.A. (TD Bank) (1) 2/28/2017 daily one-month LIBOR plus 1.35% — — 375,000 154,032 TD Bank 6/30/2018 daily one-month LIBOR plus 1.25% 400,000 366,600 400,000 — Capital One, N.A. (Capital One) (1) 1/23/2017 daily one-month LIBOR plus 1.45% — — 250,000 191,193 Capital One 7/27/2018 daily one-month LIBOR plus 1.40% 200,000 93,264 200,000 — $ 2,100,000 $ 1,416,253 $ 3,400,000 $ 1,254,653 (1) Temporary facility to accommodate year-end volume. (2) On October 23, 2017, this agreement was amended to extend the maturity date to October 22, 2018.

Variable Interest Entities (V21

Variable Interest Entities (VIEs) (Tables)	9 Months Ended
	Sep. 30, 2017
Equity Method Investments And Joint Ventures [Abstract]
Schedule of Maximum Exposure to Loss	As of September 30, 2017 and December 31, 2016, our maximum exposure to loss related to the VIEs which are not consolidated was as follows (dollars in thousands): September 30, December 31, 2017 2016 Investments in unconsolidated subsidiaries $ 32,003 $ 31,041 Co-investment commitments 4,425 168 Other current assets 3,301 3,314 Maximum exposure to loss $ 39,729 $ 34,523

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present the fair value of assets and liabilities measured at fair value on a recurring basis as of September 30, 2017 and December 31, 2016 (dollars in thousands): As of September 30, 2017 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 2,349 $ — $ — $ 2,349 Debt securities issued by U.S. federal agencies — 5,169 — 5,169 Corporate debt securities — 22,134 — 22,134 Asset-backed securities — 3,600 — 3,600 Collateralized mortgage obligations — 2,684 — 2,684 Total debt securities 2,349 33,587 — 35,936 Equity securities 27,693 — — 27,693 Total available for sale securities 30,042 33,587 — 63,629 Trading securities 68,744 — — 68,744 Warehouse receivables — 1,434,910 — 1,434,910 Total assets at fair value $ 98,786 $ 1,468,497 $ — $ 1,567,283 Liabilities Interest rate swaps $ — $ 6,601 $ — $ 6,601 Securities sold, not yet purchased 2,246 — — 2,246 Foreign currency exchange forward contracts — 75 — 75 Total liabilities at fair value $ 2,246 $ 6,676 $ — $ 8,922 As of December 31, 2016 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 8,485 $ — $ — $ 8,485 Debt securities issued by U.S. federal agencies — 5,046 — 5,046 Corporate debt securities — 17,094 — 17,094 Asset-backed securities — 2,695 — 2,695 Collateralized mortgage obligations — 1,010 — 1,010 Total debt securities 8,485 25,845 — 34,330 Equity securities 22,744 — — 22,744 Total available for sale securities 31,229 25,845 — 57,074 Trading securities 52,629 — — 52,629 Warehouse receivables — 1,276,047 — 1,276,047 Foreign currency exchange forward contracts — 1,471 — 1,471 Total assets at fair value $ 83,858 $ 1,303,363 $ — $ 1,387,221 Liabilities Interest rate swaps $ — $ 13,162 $ — $ 13,162 Securities sold, not yet purchased 3,591 — — 3,591 Total liabilities at fair value $ 3,591 $ 13,162 $ — $ 16,753

Investments in Unconsolidated23

Investments in Unconsolidated Subsidiaries (Tables)	9 Months Ended
	Sep. 30, 2017
Equity Method Investments And Joint Ventures [Abstract]
Schedule of Condensed Financial Information of Equity Method Investments	Combined condensed financial information for the entities accounted for using the equity method is as follows (dollars in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Global Investment Management Revenue $ 308,221 $ 418,028 $ 813,279 $ 902,932 Operating (loss) income $ (59,677 ) $ 93,491 $ 32,211 $ 155,869 Net income $ 36,937 $ 52,477 $ 101,334 $ 118,348 Development Services Revenue $ 29,273 $ 26,179 $ 78,276 $ 57,255 Operating income $ 152,102 $ 26,027 $ 329,959 $ 184,136 Net income $ 141,489 $ 19,745 $ 307,641 $ 169,837 Other Revenue $ 46,648 $ 40,292 $ 116,651 $ 106,807 Operating income $ 6,504 $ 6,130 $ 17,483 $ 20,418 Net income $ 7,868 $ 6,135 $ 21,526 $ 20,506 Total Revenue $ 384,142 $ 484,499 $ 1,008,206 $ 1,066,994 Operating income $ 98,929 $ 125,648 $ 379,653 $ 360,423 Net income $ 186,294 $ 78,357 $ 430,501 $ 308,691

Long-Term Debt and Short-Term24

Long-Term Debt and Short-Term Borrowings (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following (dollars in thousands): September 30, December 31, 2017 2016 Senior term loans, with interest ranging from 1.77% to 2.84%, due quarterly through 2022 $ 751,876 $ 751,875 5.00% senior notes due in 2023 800,000 800,000 4.875% senior notes due in 2026, net of unamortized discount 596,181 595,912 5.25% senior notes due in 2025, net of unamortized premium 426,363 426,500 Other 10 14 Total long-term debt 2,574,430 2,574,301 Less: current maturities of long-term debt (10 ) (11 ) Less: unamortized debt issuance costs (22,852 ) (26,164 ) Total long-term debt, net of current maturities $ 2,551,568 $ 2,548,126

Income Per Share Information (T

Income Per Share Information (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Computation of Basic and Diluted Income Per Share	The calculations of basic and diluted income per share attributable to CBRE Group, Inc. shareholders are as follows (dollars in thousands, except share data): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Basic Income Per Share Net income attributable to CBRE Group, Inc. shareholders $ 196,317 $ 104,163 $ 523,079 $ 307,998 Weighted average shares outstanding for basic income per share 337,948,324 335,770,122 337,280,914 334,949,606 Basic income per share attributable to CBRE Group, Inc. shareholders $ 0.58 $ 0.31 $ 1.55 $ 0.92 Diluted Income Per Share Net income attributable to CBRE Group, Inc. shareholders $ 196,317 $ 104,163 $ 523,079 $ 307,998 Weighted average shares outstanding for basic income per share 337,948,324 335,770,122 337,280,914 334,949,606 Dilutive effect of contingently issuable shares 3,236,525 2,707,401 3,217,594 3,070,134 Dilutive effect of stock options 1,582 11,452 3,924 33,557 Weighted average shares outstanding for diluted income per share 341,186,431 338,488,975 340,502,432 338,053,297 Diluted income per share attributable to CBRE Group, Inc. shareholders $ 0.58 $ 0.31 $ 1.54 $ 0.91

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Summarized Financial Information by Segment	Summarized financial information by segment is as follows (dollars in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 (1) 2017 2016 (1) Revenue Americas $ 1,969,430 $ 1,775,326 $ 5,518,963 $ 5,143,590 EMEA 1,033,042 948,053 2,831,964 2,742,318 Asia Pacific 440,933 361,802 1,202,706 1,032,763 Global Investment Management 92,122 91,807 274,451 277,924 Development Services 14,450 16,499 45,312 51,163 Total revenue $ 3,549,977 $ 3,193,487 $ 9,873,396 $ 9,247,758 Adjusted EBITDA Americas $ 238,259 $ 222,043 $ 689,068 $ 636,668 EMEA 71,169 61,177 173,610 148,842 Asia Pacific 43,081 31,467 106,562 72,570 Global Investment Management 23,202 18,988 72,971 68,329 Development Services 35,863 15,709 85,120 66,109 Total Adjusted EBITDA $ 411,574 $ 349,384 $ 1,127,331 $ 992,518 (1) In 2017, we changed the presentation of the operating results of one of our emerging businesses among our regional services reporting segments. Prior year amounts have been reclassified to conform with the current-year presentation. This change had no impact on our consolidated results.
Adjusted EBITDA Calculation by Segment	Adjusted EBITDA is calculated as follows (dollars in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 (1) 2017 2016 (1) Net income attributable to CBRE Group, Inc. $ 196,317 $ 104,163 $ 523,079 $ 307,998 Add: Depreciation and amortization 102,591 92,725 297,014 269,987 Interest expense 34,483 37,273 103,923 109,050 Provision for income taxes 76,178 51,414 195,813 165,578 Less: Interest income 3,129 1,020 6,967 5,545 EBITDA 406,440 284,555 1,112,862 847,068 Adjustments: Cost-elimination expenses (2) — 38,877 — 78,456 Integration and other costs related to acquisitions — 28,596 27,351 73,520 Carried interest incentive compensation expense (reversal) to align with the timing of associated revenue 5,134 (2,644 ) (12,882 ) (6,526 ) Adjusted EBITDA $ 411,574 $ 349,384 $ 1,127,331 $ 992,518 (1) In 2017, we changed the presentation of the operating results of one of our emerging businesses among our regional services reporting segments. Prior year amounts have been reclassified to conform with the current-year presentation. This change had no impact on our consolidated results. (2) Represents cost-elimination expenses relating to a program initiated in the fourth quarter of 2015 and completed in the third quarter of 2016 (our cost-elimination project) to reduce the company’s global cost structure after several years of significant revenue and related cost growth. Cost-elimination expenses incurred during the three and nine months ended September 30, 2016 consisted of $36.7 million and $73.6 million, respectively, of severance costs related to headcount reductions in connection with the program and $2.2 million and $4.9 million, respectively, of third-party contract termination costs.

Guarantor and Nonguarantor Fi27

Guarantor and Nonguarantor Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET AS OF SEPTEMBER 30, 2017 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total ASSETS Current Assets: Cash and cash equivalents $ 7 $ 7,721 $ 446,123 $ 501,754 $ — $ 955,605 Restricted cash — — 2,048 82,746 — 84,794 Receivables, net — — 1,069,509 1,773,617 — 2,843,126 Warehouse receivables (1) — — 1,002,000 432,910 — 1,434,910 Income taxes receivable 587 4,399 — 61,425 (25 ) 66,386 Prepaid expenses — — 77,336 140,713 — 218,049 Other current assets — — 60,622 141,242 — 201,864 Total Current Assets 594 12,120 2,657,638 3,134,407 (25 ) 5,804,734 Property and equipment, net — — 400,273 173,993 — 574,266 Goodwill — — 1,684,808 1,450,400 — 3,135,208 Other intangible assets, net — — 753,706 646,993 — 1,400,699 Investments in unconsolidated subsidiaries — — 188,353 45,281 — 233,634 Investments in consolidated subsidiaries 5,143,175 4,988,534 2,807,898 — (12,939,607 ) — Intercompany loan receivable — 2,690,873 700,000 — (3,390,873 ) — Deferred tax assets, net — — 30,673 94,250 (30,673 ) 94,250 Other assets, net — 18,306 275,452 115,465 — 409,223 Total Assets $ 5,143,769 $ 7,709,833 $ 9,498,801 $ 5,660,789 $ (16,361,178 ) $ 11,652,014 LIABILITIES AND EQUITY Current Liabilities: Accounts payable and accrued expenses $ — $ 7,788 $ 482,449 $ 1,015,623 $ — $ 1,505,860 Compensation and employee benefits payable — 626 412,761 350,167 — 763,554 Accrued bonus and profit sharing — — 413,826 313,240 — 727,066 Income taxes payable — — 34,581 47,550 (25 ) 82,106 Short-term borrowings: — Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) (1) — — 999,172 417,081 — 1,416,253 Other — — 16 — — 16 Total short-term borrowings — — 999,188 417,081 — 1,416,269 Current maturities of long-term debt — — — 10 — 10 Other current liabilities — 84 40,500 15,928 — 56,512 Total Current Liabilities — 8,498 2,383,305 2,159,599 (25 ) 4,551,377 Long-Term Debt, net: Long-term debt, net — 2,551,568 — — — 2,551,568 Intercompany loan payable 1,348,299 — 1,826,325 216,249 (3,390,873 ) — Total Long-Term Debt, net 1,348,299 2,551,568 1,826,325 216,249 (3,390,873 ) 2,551,568 Deferred tax liabilities, net — — — 156,455 (30,673 ) 125,782 Non-current tax liabilities — — 16,037 1,814 — 17,851 Other liabilities — 6,592 284,600 262,408 — 553,600 Total Liabilities 1,348,299 2,566,658 4,510,267 2,796,525 (3,421,571 ) 7,800,178 Commitments and contingencies — — — — — — Equity: CBRE Group, Inc. Stockholders’ Equity 3,795,470 5,143,175 4,988,534 2,807,898 (12,939,607 ) 3,795,470 Non-controlling interests — — — 56,366 — 56,366 Total Equity 3,795,470 5,143,175 4,988,534 2,864,264 (12,939,607 ) 3,851,836 Total Liabilities and Equity $ 5,143,769 $ 7,709,833 $ 9,498,801 $ 5,660,789 $ (16,361,178 ) $ 11,652,014 (1) Although CBRE Capital Markets is included among our domestic subsidiaries that jointly and severally guarantee our 5.00% senior notes, 4.875% senior notes, 5.25% senior notes and our 2015 Credit Agreement, a substantial majority of warehouse receivables funded under JP Morgan, TD Bank, BofA, Fannie Mae ASAP and Capital One lines of credit are pledged to JP Morgan, TD Bank, BofA, Fannie Mae and Capital One. CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2016 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total ASSETS Current Assets: Cash and cash equivalents $ 7 $ 16,889 $ 264,121 $ 481,559 $ — $ 762,576 Restricted cash — — 6,967 61,869 — 68,836 Receivables, net — — 943,028 1,662,574 — 2,605,602 Warehouse receivables (1) — — 687,454 588,593 — 1,276,047 Income taxes receivable 1,915 17,364 8,170 37,456 (19,279 ) 45,626 Prepaid expenses — — 78,296 105,811 — 184,107 Other current assets — 1,421 64,576 113,659 — 179,656 Total Current Assets 1,922 35,674 2,052,612 3,051,521 (19,279 ) 5,122,450 Property and equipment, net — — 395,749 165,007 — 560,756 Goodwill — — 1,669,683 1,311,709 — 2,981,392 Other intangible assets, net — — 793,525 617,514 — 1,411,039 Investments in unconsolidated subsidiaries — — 189,455 42,783 — 232,238 Investments in consolidated subsidiaries 4,226,629 4,076,265 2,314,549 — (10,617,443 ) — Intercompany loan receivable — 2,684,421 700,000 — (3,384,421 ) — Deferred tax assets, net — — 72,325 90,334 (57,335 ) 105,324 Other assets, net — 22,229 240,707 103,452 — 366,388 Total Assets $ 4,228,551 $ 6,818,589 $ 8,428,605 $ 5,382,320 $ (14,078,478 ) $ 10,779,587 LIABILITIES AND EQUITY Current Liabilities: Accounts payable and accrued expenses $ — $ 30,049 $ 409,470 $ 1,006,919 $ — $ 1,446,438 Compensation and employee benefits payable — 626 402,719 369,577 — 772,922 Accrued bonus and profit sharing — — 506,715 383,606 — 890,321 Income taxes payable — — 40,946 36,684 (19,279 ) 58,351 Short-term borrowings: — Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) (1) — — 680,473 574,180 — 1,254,653 Other — — 16 — — 16 Total short-term borrowings — — 680,489 574,180 — 1,254,669 Current maturities of long-term debt — — — 11 — 11 Other current liabilities — — 81,590 21,127 — 102,717 Total Current Liabilities — 30,675 2,121,929 2,392,104 (19,279 ) 4,525,429 Long-Term Debt, net: Long-term debt, net — 2,548,123 — 3 — 2,548,126 Intercompany loan payable 1,214,064 — 1,916,675 253,682 (3,384,421 ) — Total Long-Term Debt, net 1,214,064 2,548,123 1,916,675 253,685 (3,384,421 ) 2,548,126 Deferred tax liabilities, net — — — 128,054 (57,335 ) 70,719 Non-current tax liabilities — — 53,422 620 — 54,042 Other liabilities — 13,162 260,314 250,550 — 524,026 Total Liabilities 1,214,064 2,591,960 4,352,340 3,025,013 (3,461,035 ) 7,722,342 Commitments and contingencies — — — — — — Equity: CBRE Group, Inc. Stockholders’ Equity 3,014,487 4,226,629 4,076,265 2,314,549 (10,617,443 ) 3,014,487 Non-controlling interests — — — 42,758 — 42,758 Total Equity 3,014,487 4,226,629 4,076,265 2,357,307 (10,617,443 ) 3,057,245 Total Liabilities and Equity $ 4,228,551 $ 6,818,589 $ 8,428,605 $ 5,382,320 $ (14,078,478 ) $ 10,779,587 (1) Although CBRE Capital Markets is included among our domestic subsidiaries that jointly and severally guarantee our 5.00% senior notes, 4.875% senior notes, 5.25% senior notes and our 2015 Credit Agreement, a substantial majority of warehouse receivables funded under BofA, Fannie Mae ASAP, JP Morgan, Capital One and TD Bank lines of credit are pledged to BofA, Fannie Mae, JP Morgan, Capital One and TD Bank.
Condensed Consolidating Statement of Operations	CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2017 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Revenue $ — $ — $ 1,774,112 $ 1,775,865 $ — $ 3,549,977 Costs and expenses: Cost of services — — 1,256,664 1,256,713 — 2,513,377 Operating, administrative and other 770 756 374,966 328,406 — 704,898 Depreciation and amortization — — 60,610 41,981 — 102,591 Total costs and expenses 770 756 1,692,240 1,627,100 — 3,320,866 Gain on disposition of real estate — — 5,315 865 — 6,180 Operating (loss) income (770 ) (756 ) 87,187 149,630 — 235,291 Equity income from unconsolidated subsidiaries — — 65,439 2,395 — 67,834 Other income — — 455 1,313 — 1,768 Interest income — 30,651 1,352 1,777 (30,651 ) 3,129 Interest expense — 33,577 22,660 8,897 (30,651 ) 34,483 Royalty and management service (income) expense — — (4,389 ) 4,389 — — Income from consolidated subsidiaries 196,791 199,062 99,222 — (495,075 ) — Income before (benefit of) provision for income taxes 196,021 195,380 235,384 141,829 (495,075 ) 273,539 (Benefit of) provision for income taxes (296 ) (1,411 ) 36,322 41,563 — 76,178 Net income 196,317 196,791 199,062 100,266 (495,075 ) 197,361 Less: Net income attributable to non-controlling interests — — — 1,044 — 1,044 Net income attributable to CBRE Group, Inc. $ 196,317 $ 196,791 $ 199,062 $ 99,222 $ (495,075 ) $ 196,317 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2016 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Revenue $ — $ — $ 1,611,836 $ 1,581,651 $ — $ 3,193,487 Costs and expenses: Cost of services — — 1,149,943 1,102,840 — 2,252,783 Operating, administrative and other 1,165 (158 ) 353,420 332,103 — 686,530 Depreciation and amortization — — 54,423 38,302 — 92,725 Total costs and expenses 1,165 (158 ) 1,557,786 1,473,245 — 3,032,038 Gain on disposition of real estate — — — 11,043 — 11,043 Operating (loss) income (1,165 ) 158 54,050 119,449 — 172,492 Equity income from unconsolidated subsidiaries — — 24,287 385 — 24,672 Other income — — 278 1,078 — 1,356 Interest income — 33,550 592 428 (33,550 ) 1,020 Interest expense — 34,809 24,921 11,093 (33,550 ) 37,273 Royalty and management service (income) expense — — (2,972 ) 2,972 — — Income from consolidated subsidiaries 104,881 105,560 65,474 — (275,915 ) — Income before (benefit of) provision for income taxes 103,716 104,459 122,732 107,275 (275,915 ) 162,267 (Benefit of) provision for income taxes (447 ) (422 ) 17,172 35,111 — 51,414 Net income 104,163 104,881 105,560 72,164 (275,915 ) 110,853 Less: Net income attributable to non-controlling interests — — — 6,690 — 6,690 Net income attributable to CBRE Group, Inc. $ 104,163 $ 104,881 $ 105,560 $ 65,474 $ (275,915 ) $ 104,163 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2017 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Revenue $ — $ — $ 5,046,641 $ 4,826,755 $ — $ 9,873,396 Costs and expenses: Cost of services — — 3,504,306 3,414,712 — 6,919,018 Operating, administrative and other 1,532 1,643 1,078,709 941,619 — 2,023,503 Depreciation and amortization — — 176,035 120,979 — 297,014 Total costs and expenses 1,532 1,643 4,759,050 4,477,310 — 9,239,535 Gain on disposition of real estate — — 5,543 13,320 — 18,863 Operating (loss) income (1,532 ) (1,643 ) 293,134 362,765 — 652,724 Equity income from unconsolidated subsidiaries — — 154,769 3,467 — 158,236 Other income — 1 1,481 7,587 — 9,069 Interest income — 91,250 3,891 3,076 (91,250 ) 6,967 Interest expense — 101,087 67,276 26,810 (91,250 ) 103,923 Royalty and management service (income) expense — — (11,088 ) 11,088 — — Income from consolidated subsidiaries 524,024 531,104 227,120 — (1,282,248 ) — Income before (benefit of) provision for income taxes 522,492 519,625 624,207 338,997 (1,282,248 ) 723,073 (Benefit of) provision for income taxes (587 ) (4,399 ) 93,103 107,696 — 195,813 Net income 523,079 524,024 531,104 231,301 (1,282,248 ) 527,260 Less: Net income attributable to non-controlling interests — — — 4,181 — 4,181 Net income attributable to CBRE Group, Inc. $ 523,079 $ 524,024 $ 531,104 $ 227,120 $ (1,282,248 ) $ 523,079 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Revenue $ — $ — $ 4,751,526 $ 4,496,232 $ — $ 9,247,758 Costs and expenses: Cost of services — — 3,304,291 3,216,338 — 6,520,629 Operating, administrative and other 3,358 (1,584 ) 1,061,778 946,786 — 2,010,338 Depreciation and amortization — — 165,087 104,900 — 269,987 Total costs and expenses 3,358 (1,584 ) 4,531,156 4,268,024 — 8,800,954 Gain on disposition of real estate — — 3,659 12,203 — 15,862 Operating (loss) income (3,358 ) 1,584 224,029 240,411 — 462,666 Equity income from unconsolidated subsidiaries — — 114,504 2,398 — 116,902 Other income (loss) — 1 (203 ) 8,655 — 8,453 Interest income — 99,119 2,163 3,382 (99,119 ) 5,545 Interest expense — 103,425 74,331 30,413 (99,119 ) 109,050 Royalty and management service (income) expense — — (26,740 ) 26,740 — — Income from consolidated subsidiaries 310,069 311,747 107,849 — (729,665 ) — Income before (benefit of) provision for income taxes 306,711 309,026 400,751 197,693 (729,665 ) 484,516 (Benefit of) provision for income taxes (1,287 ) (1,043 ) 89,004 78,904 — 165,578 Net income 307,998 310,069 311,747 118,789 (729,665 ) 318,938 Less: Net income attributable to non-controlling interests — — — 10,940 — 10,940 Net income attributable to CBRE Group, Inc. $ 307,998 $ 310,069 $ 311,747 $ 107,849 $ (729,665 ) $ 307,998
Condensed Consolidating Statement of Comprehensive Income	CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2017 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Net income $ 196,317 $ 196,791 $ 199,062 $ 100,266 $ (495,075 ) $ 197,361 Other comprehensive income: Foreign currency translation gain — — — 64,711 — 64,711 Amounts reclassified from accumulated other comprehensive loss to interest expense, net — 1,260 — — — 1,260 Unrealized gains on interest rate swaps, net — 25 — — — 25 Unrealized holding gains on available for sale securities, net — — 331 8 — 339 Other, net — — (4 ) — — (4 ) Total other comprehensive income — 1,285 327 64,719 — 66,331 Comprehensive income 196,317 198,076 199,389 164,985 (495,075 ) 263,692 Less: Comprehensive income attributable to non-controlling interests — — — 1,227 — 1,227 Comprehensive income attributable to CBRE Group, Inc. $ 196,317 $ 198,076 $ 199,389 $ 163,758 $ (495,075 ) $ 262,465 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2016 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Net income $ 104,163 $ 104,881 $ 105,560 $ 72,164 $ (275,915 ) $ 110,853 Other comprehensive income (loss): Foreign currency translation loss — — — (15,940 ) — (15,940 ) Amounts reclassified from accumulated other comprehensive loss to interest expense, net — 1,720 — — — 1,720 Unrealized gains on interest rate swaps, net — 788 — — — 788 Unrealized holding gains on available for sale securities, net — — 348 — — 348 Other, net — — — 2 — 2 Total other comprehensive income (loss) — 2,508 348 (15,938 ) — (13,082 ) Comprehensive income 104,163 107,389 105,908 56,226 (275,915 ) 97,771 Less: Comprehensive income attributable to non-controlling interests — — — 6,768 — 6,768 Comprehensive income attributable to CBRE Group, Inc. $ 104,163 $ 107,389 $ 105,908 $ 49,458 $ (275,915 ) $ 91,003 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2017 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Net income $ 523,079 $ 524,024 $ 531,104 $ 231,301 $ (1,282,248 ) $ 527,260 Other comprehensive (loss) income: Foreign currency translation gain — — — 204,147 — 204,147 Amounts reclassified from accumulated other comprehensive loss to interest expense, net — 4,148 — — — 4,148 Unrealized gains on interest rate swaps, net — 102 — — — 102 Unrealized holding gains on available for sale securities, net — — 2,056 183 — 2,239 Other, net (2 ) — (18 ) — — (20 ) Total other comprehensive (loss) income (2 ) 4,250 2,038 204,330 — 210,616 Comprehensive income 523,077 528,274 533,142 435,631 (1,282,248 ) 737,876 Less: Comprehensive income attributable to non-controlling interests — — — 4,544 — 4,544 Comprehensive income attributable to CBRE Group, Inc. $ 523,077 $ 528,274 $ 533,142 $ 431,087 $ (1,282,248 ) $ 733,332 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Eliminations Total Net income $ 307,998 $ 310,069 $ 311,747 $ 118,789 $ (729,665 ) $ 318,938 Other comprehensive income (loss): Foreign currency translation loss — — — (101,654 ) — (101,654 ) Amounts reclassified from accumulated other comprehensive loss to interest expense, net — 5,196 — — — 5,196 Unrealized losses on interest rate swaps, net — (3,327 ) — — — (3,327 ) Unrealized holding gains on available for sale securities, net — — 862 131 — 993 Other, net — — (759 ) 2 — (757 ) Total other comprehensive income (loss) — 1,869 103 (101,521 ) — (99,549 ) Comprehensive income 307,998 311,938 311,850 17,268 (729,665 ) 219,389 Less: Comprehensive income attributable to non-controlling interests — — — 11,057 — 11,057 Comprehensive income attributable to CBRE Group, Inc. $ 307,998 $ 311,938 $ 311,850 $ 6,211 $ (729,665 ) $ 208,332
Condensed Consolidating Statement of Cash Flows	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2017 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Total CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES: $ 69,358 $ (7,513 ) $ 129,361 $ 56,062 $ 247,268 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — (68,566 ) (33,040 ) (101,606 ) Acquisition of businesses (other than GWS), including net assets acquired, intangibles and goodwill, net of cash acquired — — (39,937 ) (19,457 ) (59,394 ) Contributions to unconsolidated subsidiaries — — (33,582 ) (3,077 ) (36,659 ) Distributions from unconsolidated subsidiaries — — 172,868 4,638 177,506 Decrease (increase) in restricted cash — — 4,919 (15,939 ) (11,020 ) Purchase of available for sale securities — — (29,408 ) — (29,408 ) Proceeds from the sale of available for sale securities — — 25,618 — 25,618 Other investing activities, net — — 892 264 1,156 Net cash provided by (used in) investing activities — — 32,804 (66,611 ) (33,807 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from revolving credit facility — 911,000 — — 911,000 Repayment of revolving credit facility — (911,000 ) — — (911,000 ) Proceeds from notes payable on real estate held for investment — — — 79 79 Repayment of notes payable on real estate held for investment — — — (1,324 ) (1,324 ) Proceeds from notes payable on real estate held for sale and under development — — — 3,341 3,341 Repayment of notes payable on real estate held for sale and under development — — — (10,777 ) (10,777 ) Units repurchased for payment of taxes on equity awards (29,549 ) — — — (29,549 ) Non-controlling interest contributions — — — 3,410 3,410 Non-controlling interest distributions — — — (6,643 ) (6,643 ) Payment of financing costs — — — (21 ) (21 ) (Increase) decrease in intercompany receivables, net (40,288 ) (1,655 ) 22,982 18,961 — Other financing activities, net 479 — (3,145 ) (7 ) (2,673 ) Net cash (used in) provided by financing activities (69,358 ) (1,655 ) 19,837 7,019 (44,157 ) Effect of currency exchange rate changes on cash and cash equivalents — — — 23,725 23,725 NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS — (9,168 ) 182,002 20,195 193,029 CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD 7 16,889 264,121 481,559 762,576 CASH AND CASH EQUIVALENTS, AT END OF PERIOD $ 7 $ 7,721 $ 446,123 $ 501,754 $ 955,605 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for: Interest $ — $ 111,795 $ — $ 31 $ 111,826 Income taxes, net $ — $ — $ 80,156 $ 124,072 $ 204,228 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 (Dollars in thousands) CBRE Guarantor Nonguarantor Consolidated Parent Services Subsidiaries Subsidiaries Total CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES: $ 65,900 $ (9,453 ) $ (80,074 ) $ (29,562 ) $ (53,189 ) CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — (81,359 ) (52,998 ) (134,357 ) Acquisition of businesses (other than GWS), including net assets acquired, intangibles and goodwill, net of cash acquired — — (1,249 ) (20,817 ) (22,066 ) Acquisition of GWS, including net assets acquired, intangibles and goodwill — — 3,256 (13,733 ) (10,477 ) Contributions to unconsolidated subsidiaries — — (36,693 ) (20,602 ) (57,295 ) Distributions from unconsolidated subsidiaries — — 116,072 3,467 119,539 Net proceeds from disposition of real estate held for investment — — — 44,326 44,326 Increase in restricted cash — — (545 ) (1,078 ) (1,623 ) Purchase of available for sale securities — — (31,413 ) — (31,413 ) Proceeds from the sale of available for sale securities — — 29,560 — 29,560 Other investing activities, net — — 10,677 13,508 24,185 Net cash provided by (used in) investing activities — — 8,306 (47,927 ) (39,621 ) CASH FLOWS FROM FINANCING ACTIVITIES: Repayment of senior term loans — (23,125 ) — — (23,125 ) Proceeds from revolving credit facility — 2,195,000 — — 2,195,000 Repayment of revolving credit facility — (2,112,000 ) — — (2,112,000 ) Proceeds from notes payable on real estate held for investment — — — 7,274 7,274 Repayment of notes payable on real estate held for investment — — — (33,516 ) (33,516 ) Proceeds from notes payable on real estate held for sale and under development — — — 15,110 15,110 Repayment of notes payable on real estate held for sale and under development — — — (4,102 ) (4,102 ) Shares repurchased for payment of taxes on equity awards (27,796 ) — — — (27,796 ) Non-controlling interest contributions — — — 1,478 1,478 Non-controlling interest distributions — — — (12,800 ) (12,800 ) Payment of financing costs — (5,460 ) — (141 ) (5,601 ) (Increase) decrease in intercompany receivables, net (39,019 ) (40,954 ) (50,454 ) 130,427 — Other financing activities, net 915 — (1,173 ) (503 ) (761 ) Net cash (used in) provided by financing activities (65,900 ) 13,461 (51,627 ) 103,227 (839 ) Effect of currency exchange rate changes on cash and cash equivalents — — — (408 ) (408 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 4,008 (123,395 ) 25,330 (94,057 ) CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD 5 8,479 147,410 384,509 540,403 CASH AND CASH EQUIVALENTS, AT END OF PERIOD $ 5 $ 12,487 $ 24,015 $ 409,839 $ 446,346 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for: Interest $ — $ 115,698 $ — $ 2,574 $ 118,272 Income taxes, net $ — $ — $ 123,231 $ 101,898 $ 225,129

Warehouse Receivables & Wareh28

Warehouse Receivables & Warehouse Lines of Credit - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2017USD ($)
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Period of repayment for warehouse lines of credit	1 month
Warehouse Agreement Borrowings [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Lines of credit principal outstanding	$ 1,400,000,000

Warehouse Receivables & Wareh29

Warehouse Receivables & Warehouse Lines of Credit - Schedule of Warehouse Receivables (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Warehouse Receivables And Warehouse Lines Of Credit [Abstract]
Beginning balance at January 1, 2017	$ 1,276,047
Origination of mortgage loans	11,441,884	$ 9,917,310
Gains (premiums on loan sales)	32,711
Sale of mortgage loans	(11,283,330)
Cash collections of premiums on loan sales	(32,711)
Proceeds from sale of mortgage loans	(11,316,041)	$ (10,075,850)
Net increase in mortgage servicing rights included in warehouse receivables	309
Ending balance at September 30, 2017	$ 1,434,910

Warehouse Receivables & Wareh30

Warehouse Receivables & Warehouse Lines of Credit - Summary of Warehouse Lines of Credit in Place (Detail) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Carrying Value	$ 1,416,253,000	$ 1,254,653,000
Warehouse Agreement Borrowings [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Maximum Facility Size	2,100,000,000	3,400,000,000
Carrying Value	$ 1,416,253,000	$ 1,254,653,000
Warehouse Agreement Borrowings [Member] | JP Morgan [Member] | Pricing at daily one-month LIBOR plus 1.45%, maturing February 28, 2017 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity		Feb. 28, 2017
Maximum Facility Size		$ 300,000,000
Carrying Value		$ 275,945,000
Line of credit over LIBOR rate	1.45%	1.45%
Warehouse Agreement Borrowings [Member] | JP Morgan [Member] | Pricing at daily one-month LIBOR plus 1.45%, maturing October 23, 2017 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Oct. 23, 2017	Oct. 23, 2017
Maximum Facility Size	$ 800,000,000	$ 700,000,000
Carrying Value	$ 704,908,000
Line of credit over LIBOR rate	1.45%	1.45%
Warehouse Agreement Borrowings [Member] | JP Morgan [Member] | Pricing at daily one-month LIBOR plus 2.75%, maturing October 23, 2017 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Oct. 23, 2017	Oct. 23, 2017
Maximum Facility Size	$ 25,000,000	$ 25,000,000
Carrying Value	$ 1,487,000	$ 3,768,000
Line of credit over LIBOR rate	2.75%	2.75%
Warehouse Agreement Borrowings [Member] | Bank of America (BofA) [Member] | Pricing at daily one-month LIBOR plus 1.60%, maturing January 30, 2017 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity		Jan. 30, 2017
Maximum Facility Size		$ 300,000,000
Carrying Value		$ 300,000,000
Line of credit over LIBOR rate	1.60%	1.60%
Warehouse Agreement Borrowings [Member] | Bank of America (BofA) [Member] | Pricing at daily one-month LIBOR plus 1.40%, maturing June 5, 2018 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Jun. 5, 2018
Maximum Facility Size	$ 225,000,000	$ 200,000,000
Carrying Value	$ 155,744,000	$ 18,555,000
Line of credit over LIBOR rate	1.40%	1.40%
Warehouse Agreement Borrowings [Member] | Fannie Mae ASAP Program [Member] | Pricing at daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35%, maturing January 17, 2017 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity		Jan. 17, 2017
Maximum Facility Size		$ 200,000,000
Carrying Value		$ 200,000,000
Line of credit over LIBOR rate	1.35%	1.35%
Line of credit, LIBOR floor rate	0.35%	0.35%
Warehouse Agreement Borrowings [Member] | Fannie Mae ASAP Program [Member] | Pricing at daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35%, Cancelable anytime [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Maximum Facility Size	$ 450,000,000	$ 450,000,000
Carrying Value	$ 94,250,000	$ 111,160,000
Current Maturity	Cancelable anytime
Line of credit over LIBOR rate	1.35%	1.35%
Line of credit, LIBOR floor rate	0.35%	0.35%
Warehouse Agreement Borrowings [Member] | TD Bank [Member] | Pricing at daily one-month LIBOR plus 1.35%, maturing February 28, 2017 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity		Feb. 28, 2017
Maximum Facility Size		$ 375,000,000
Carrying Value		$ 154,032,000
Line of credit over LIBOR rate	1.35%	1.35%
Warehouse Agreement Borrowings [Member] | TD Bank [Member] | Pricing at daily one-month LIBOR plus 1.25%, maturing June 30, 2018 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Jun. 30, 2018
Maximum Facility Size	$ 400,000,000	$ 400,000,000
Carrying Value	$ 366,600,000
Line of credit over LIBOR rate	1.25%	1.25%
Warehouse Agreement Borrowings [Member] | Capital One [Member] | Pricing at daily one-month LIBOR plus 1.45%, maturing January 23, 2017 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity		Jan. 23, 2017
Maximum Facility Size		$ 250,000,000
Carrying Value		$ 191,193,000
Line of credit over LIBOR rate	1.45%	1.45%
Warehouse Agreement Borrowings [Member] | Capital One [Member] | Pricing at daily one-month LIBOR plus 1.40%, maturing July 27, 2018 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Jul. 27, 2018
Maximum Facility Size	$ 200,000,000	$ 200,000,000
Carrying Value	$ 93,264,000
Line of credit over LIBOR rate	1.40%	1.40%

Warehouse Receivables & Wareh31

Warehouse Receivables & Warehouse Lines of Credit - Summary of Warehouse Lines of Credit in Place (Parenthetical) (Detail)	Oct. 23, 2017
Warehouse Agreement Borrowings [Member] | Subsequent Event [Member] | JP Morgan [Member] | Maturing on October 22, 2018 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Oct. 22, 2018

Variable Interest Entities (V32

Variable Interest Entities (VIEs) - Schedule of Maximum Exposure to Loss (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Variable Interest Entity [Line Items]
Investments in unconsolidated subsidiaries	$ 233,634	$ 232,238
Co-investment commitments	33,500
Other current assets	201,864	179,656
Non-Consolidated Variable Interest Entities [Member]
Variable Interest Entity [Line Items]
Investments in unconsolidated subsidiaries	32,003	31,041
Co-investment commitments	4,425	168
Other current assets	3,301	3,314
Maximum exposure to loss	$ 39,729	$ 34,523

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value measurements assets, significant transfers from level 1 to level 2	$ 0		$ 0
Fair value measurements assets, significant transfers from level 2 to level 1	0		0
Fair value measurements liabilities, significant transfers from level 1 to level 2	0		0
Fair value measurements liabilities, significant transfers from level 2 to level 1	0		0
Assets, fair value disclosure, nonrecurring	0		0
Liabilities, fair value disclosure, nonrecurring	0		$ 0
5.00% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of senior loans	$ 829,100,000	$ 827,600,000
Interest rate of long-term debt	5.00%	5.00%
Senior notes	$ 791,400,000	$ 790,400,000
4.875% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of senior loans	$ 646,600,000	$ 607,000,000
Interest rate of long-term debt	4.875%	4.875%
Senior notes	$ 591,800,000	$ 591,200,000
5.25% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of senior loans	$ 463,400,000	$ 439,300,000
Interest rate of long-term debt	5.25%	5.25%
Senior notes	$ 422,400,000	$ 422,200,000
Senior term loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of senior loans	750,800,000	751,400,000
Senior term loans	$ 746,000,000	$ 744,300,000
Senior Notes [Member] | 5.00% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate of long-term debt	5.00%	5.00%
Senior Notes [Member] | 4.875% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate of long-term debt	4.875%	4.875%
Senior Notes [Member] | 5.25% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate of long-term debt	5.25%	5.25%

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warehouse receivables	$ 1,434,910	$ 1,276,047
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	63,629	57,074
Trading securities	68,744	52,629
Warehouse receivables	1,434,910	1,276,047
Foreign currency exchange forward contracts		1,471
Total assets at fair value	1,567,283	1,387,221
Interest rate swaps	6,601	13,162
Securities sold, not yet purchased	2,246	3,591
Foreign currency exchange forward contracts	75
Total liabilities at fair value	8,922	16,753
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	30,042	31,229
Trading securities	68,744	52,629
Total assets at fair value	98,786	83,858
Securities sold, not yet purchased	2,246	3,591
Total liabilities at fair value	2,246	3,591
Recurring [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	33,587	25,845
Warehouse receivables	1,434,910	1,276,047
Foreign currency exchange forward contracts		1,471
Total assets at fair value	1,468,497	1,303,363
Interest rate swaps	6,601	13,162
Foreign currency exchange forward contracts	75
Total liabilities at fair value	6,676	13,162
Recurring [Member] | U.S. treasury securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	2,349	8,485
Recurring [Member] | U.S. treasury securities [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	2,349	8,485
Recurring [Member] | Debt securities issued by U.S. federal agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	5,169	5,046
Recurring [Member] | Debt securities issued by U.S. federal agencies [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	5,169	5,046
Recurring [Member] | Corporate debt securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	22,134	17,094
Recurring [Member] | Corporate debt securities [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	22,134	17,094
Recurring [Member] | Asset-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	3,600	2,695
Recurring [Member] | Asset-backed securities [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	3,600	2,695
Recurring [Member] | Collateralized mortgage obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	2,684	1,010
Recurring [Member] | Collateralized mortgage obligations [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	2,684	1,010
Recurring [Member] | Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	35,936	34,330
Recurring [Member] | Debt Securities [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	2,349	8,485
Recurring [Member] | Debt Securities [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	33,587	25,845
Recurring [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	27,693	22,744
Recurring [Member] | Equity Securities [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	$ 27,693	$ 22,744

Investments In Unconsolidated35

Investments In Unconsolidated Subsidiaries - Additional information (Detail) - Maximum [Member]	Sep. 30, 2017
Global Investment Management [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method investments in unconsolidated subsidiaries, variations in ownership percentage	5.00%
Development Services [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method investments in unconsolidated subsidiaries, variations in ownership percentage	10.00%
Other [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method investments in unconsolidated subsidiaries, variations in ownership percentage	50.00%

Investments in Unconsolidated36

Investments in Unconsolidated Subsidiaries - Schedule of Condensed Financial Information of Equity Method Investments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Schedule Of Equity Method Investments [Line Items]
Revenue	$ 384,142	$ 484,499	$ 1,008,206	$ 1,066,994
Operating (loss) income	98,929	125,648	379,653	360,423
Net income	186,294	78,357	430,501	308,691
Global Investment Management [Member]
Schedule Of Equity Method Investments [Line Items]
Revenue	308,221	418,028	813,279	902,932
Operating (loss) income	(59,677)	93,491	32,211	155,869
Net income	36,937	52,477	101,334	118,348
Development Services [Member]
Schedule Of Equity Method Investments [Line Items]
Revenue	29,273	26,179	78,276	57,255
Operating (loss) income	152,102	26,027	329,959	184,136
Net income	141,489	19,745	307,641	169,837
Other [Member]
Schedule Of Equity Method Investments [Line Items]
Revenue	46,648	40,292	116,651	106,807
Operating (loss) income	6,504	6,130	17,483	20,418
Net income	$ 7,868	$ 6,135	$ 21,526	$ 20,506

Long-Term Debt and Short-Term37

Long-Term Debt and Short-Term Borrowings - Schedule of Long-Term Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total long-term debt	$ 2,574,430	$ 2,574,301
Less: current maturities of long-term debt	(10)	(11)
Less: unamortized debt issuance costs	(22,852)	(26,164)
Total long-term debt, net of current maturities	2,551,568	2,548,126
Senior secured term loans [Member]
Debt Instrument [Line Items]
Total long-term debt	751,876	751,875
Other Long Term Debt [Member]
Debt Instrument [Line Items]
Total long-term debt	10	14
5.00% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term debt	800,000	800,000
4.875% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term debt	596,181	595,912
5.25% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term debt	$ 426,363	$ 426,500

Long-Term Debt and Short-Term38

Long-Term Debt and Short-Term Borrowings - Schedule of Long-Term Debt (Parenthetical) (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Senior secured term loans [Member]
Debt Instrument [Line Items]
Maturity date of debt, end	Dec. 31, 2022	Dec. 31, 2022
5.00% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	5.00%	5.00%
5.00% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	5.00%	5.00%
Due date of long-term debt	2,023	2,023
4.875% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	4.875%	4.875%
4.875% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	4.875%	4.875%
Due date of long-term debt	2,026	2,026
5.25% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	5.25%	5.25%
5.25% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	5.25%	5.25%
Due date of long-term debt	2,025	2,025
Minimum [Member] | Senior secured term loans [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	1.77%	1.77%
Maximum [Member] | Senior secured term loans [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	2.84%	2.84%

Long-Term Debt and Short-Term39

Long-Term Debt and Short-Term Borrowings - Long-Term Debt - Additional Information (Detail) - USD ($)	Mar. 21, 2016	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Minimum coverage ratio of EBITDA to total interest expense expressed in percentage		200.00%
Maximum leverage ratio of total debt less available cash to EBITDA expressed in percentage		425.00%
Coverage ratio of EBITDA to total interest expense expressed in percentage		1429.00%
Leverage ratio of total debt less available cash to EBITDA expressed in percentage		97.00%
2015 Credit Agreement [Member]
Debt Instrument [Line Items]
Amounts available to borrow under Credit Agreement		$ 2,800,000,000
Revolving credit facility maturity date		Mar. 21, 2021
5.00% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt		5.00%	5.00%
5.00% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt		5.00%	5.00%
4.875% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt		4.875%	4.875%
4.875% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt		4.875%	4.875%
5.25% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt		5.25%	5.25%
5.25% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt		5.25%	5.25%
Revolving credit facility [Member] | 2015 Credit Agreement [Member]
Debt Instrument [Line Items]
Revolving credit facility increase in borrowing capacity	$ 200,000,000
Tranche A term loan facility [Member] | 2015 Credit Agreement [Member]
Debt Instrument [Line Items]
Amounts available to borrow under Credit Agreement		$ 500,000,000
Revolving credit facility maturity date		Jan. 9, 2020
Tranche B-1 term loan facility [Member] | 2015 Credit Agreement [Member]
Debt Instrument [Line Items]
Amounts available to borrow under Credit Agreement		$ 270,000,000
Revolving credit facility maturity date		Sep. 3, 2020
Tranche B-2 term loan facility [Member] | 2015 Credit Agreement [Member]
Debt Instrument [Line Items]
Amounts available to borrow under Credit Agreement		$ 130,000,000
Revolving credit facility maturity date		Sep. 3, 2022

Long-Term Debt and Short-Term40

Long-Term Debt and Short-Term Borrowings - Revolving Credit Facility - Additional Information (Detail) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Letters of credit outstanding amount	$ 64,500,000
Revolving credit facility [Member]
Debt Instrument [Line Items]
Revolving credit facility principal amount outstanding	0	$ 0
Letters of credit outstanding amount	$ 2,000,000	$ 2,000,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Loss Contingencies [Line Items]
Letters of credit outstanding	$ 64,500,000
Accrued loan loss	31,100,000	$ 28,200,000
Assets available for recourse	668,400,000
Warehouse receivables	$ 431,300,000
Letters of credit expiration date	2018-09
Guarantees total	$ 62,300,000
Commitments to investment in future real estate investment	33,500,000
Commitments to investment in unconsolidated real estate subsidiary	$ 20,400,000
Maximum [Member]
Loss Contingencies [Line Items]
Co-investments typically range	2.00%
Funded loans subject to loss sharing arrangements [Member]
Loss Contingencies [Line Items]
Funded loans unpaid principal	$ 18,500,000,000
Letters of credit outstanding	53,000,000	$ 45,000,000
SBL Program [Member]
Loss Contingencies [Line Items]
Letters of credit outstanding	5,000,000
Funded loans not subject to loss sharing arrangements [Member]
Loss Contingencies [Line Items]
Letters of credit outstanding	$ 58,000,000

Income Per Share Information -

Income Per Share Information - Computation of Basic and Diluted Income Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Basic Income Per Share
Net income attributable to CBRE Group, Inc. shareholders	$ 196,317	$ 104,163	$ 523,079	$ 307,998
Weighted average shares outstanding for basic income per share	337,948,324	335,770,122	337,280,914	334,949,606
Basic income per share attributable to CBRE Group, Inc. shareholders	$ 0.58	$ 0.31	$ 1.55	$ 0.92
Diluted Income Per Share
Net income attributable to CBRE Group, Inc. shareholders	$ 196,317	$ 104,163	$ 523,079	$ 307,998
Weighted average shares outstanding for basic income per share	337,948,324	335,770,122	337,280,914	334,949,606
Dilutive effect of contingently issuable shares	3,236,525	2,707,401	3,217,594	3,070,134
Dilutive effect of stock options	1,582	11,452	3,924	33,557
Weighted average shares outstanding for diluted income per share	341,186,431	338,488,975	340,502,432	338,053,297
Diluted income per share attributable to CBRE Group, Inc. shareholders	$ 0.58	$ 0.31	$ 1.54	$ 0.91

Income Per Share Information 43

Income Per Share Information - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Contingently Issuable Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded in computation of diluted income per share	384,775	1,972,360	1,141,522	1,704,848

Segments - Summarized Financial

Segments - Summarized Financial Information by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Information [Line Items]
Revenue	$ 3,549,977	$ 3,193,487	$ 9,873,396	$ 9,247,758
Adjusted EBITDA	411,574	349,384	1,127,331	992,518
Global Investment Management [Member]
Segment Reporting Information [Line Items]
Revenue	92,122	91,807	274,451	277,924
Adjusted EBITDA	23,202	18,988	72,971	68,329
Development Services [Member]
Segment Reporting Information [Line Items]
Revenue	14,450	16,499	45,312	51,163
Adjusted EBITDA	35,863	15,709	85,120	66,109
Americas [Member]
Segment Reporting Information [Line Items]
Revenue	1,969,430	1,775,326	5,518,963	5,143,590
Adjusted EBITDA	238,259	222,043	689,068	636,668
EMEA [Member]
Segment Reporting Information [Line Items]
Revenue	1,033,042	948,053	2,831,964	2,742,318
Adjusted EBITDA	71,169	61,177	173,610	148,842
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Revenue	440,933	361,802	1,202,706	1,032,763
Adjusted EBITDA	$ 43,081	$ 31,467	$ 106,562	$ 72,570

Segments - Adjusted EBITDA Calc

Segments - Adjusted EBITDA Calculation by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting [Abstract]
Net income attributable to CBRE Group, Inc.	$ 196,317	$ 104,163	$ 523,079	$ 307,998
Depreciation and amortization	102,591	92,725	297,014	269,987
Interest expense	34,483	37,273	103,923	109,050
Provision for income taxes	76,178	51,414	195,813	165,578
Interest income	3,129	1,020	6,967	5,545
EBITDA	406,440	284,555	1,112,862	847,068
Cost-elimination expenses		38,877		78,456
Integration and other costs related to acquisitions		28,596	27,351	73,520
Carried interest incentive compensation expense (reversal) to align with the timing of associated revenue	5,134	(2,644)	(12,882)	(6,526)
Adjusted EBITDA	$ 411,574	$ 349,384	$ 1,127,331	$ 992,518

Segments - Adjusted EBITDA Ca46

Segments - Adjusted EBITDA Calculation by Segment (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Segment Reporting [Abstract]
Severance costs	$ 36.7	$ 73.6
Contract termination cost	$ 2.2	$ 4.9

Guarantor and Nonguarantor Fi47

Guarantor and Nonguarantor Financial Statements - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 955,605	$ 762,576	$ 446,346	$ 540,403
Restricted cash	84,794	68,836
Receivables, net	2,843,126	2,605,602
Warehouse receivables	1,434,910	1,276,047
Income taxes receivable	66,386	45,626
Prepaid expenses	218,049	184,107
Other current assets	201,864	179,656
Total Current Assets	5,804,734	5,122,450
Property and equipment, net	574,266	560,756
Goodwill	3,135,208	2,981,392
Other intangible assets, net	1,400,699	1,411,039
Investments in unconsolidated subsidiaries	233,634	232,238
Deferred tax assets, net	94,250	105,324
Other assets, net	409,223	366,388
Total Assets	11,652,014	10,779,587
Accounts payable and accrued expenses	1,505,860	1,446,438
Compensation and employee benefits payable	763,554	772,922
Accrued bonus and profit sharing	727,066	890,321
Income taxes payable	82,106	58,351
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	1,416,253	1,254,653
Other	16	16
Total short-term borrowings	1,416,269	1,254,669
Current maturities of long-term debt	10	11
Other current liabilities	56,512	102,717
Total Current Liabilities	4,551,377	4,525,429
Long-term debt, net	2,551,568	2,548,126
Total Long-Term Debt, net	2,551,568	2,548,126
Deferred tax liabilities, net	125,782	70,719
Non-current tax liabilities	17,851	54,042
Other liabilities	553,600	524,026
Total Liabilities	7,800,178	7,722,342
Commitments and contingencies
CBRE Group, Inc. Stockholders’ Equity	3,795,470	3,014,487
Non-controlling interests	56,366	42,758
Total Equity	3,851,836	3,057,245
Total Liabilities and Equity	11,652,014	10,779,587
Eliminations [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Income taxes receivable	(25)	(19,279)
Total Current Assets	(25)	(19,279)
Investments in consolidated subsidiaries	(12,939,607)	(10,617,443)
Intercompany loan receivable	(3,390,873)	(3,384,421)
Deferred tax assets, net	(30,673)	(57,335)
Total Assets	(16,361,178)	(14,078,478)
Income taxes payable	(25)	(19,279)
Total Current Liabilities	(25)	(19,279)
Intercompany loan payable	(3,390,873)	(3,384,421)
Total Long-Term Debt, net	(3,390,873)	(3,384,421)
Deferred tax liabilities, net	(30,673)	(57,335)
Total Liabilities	(3,421,571)	(3,461,035)
Commitments and contingencies
CBRE Group, Inc. Stockholders’ Equity	(12,939,607)	(10,617,443)
Total Equity	(12,939,607)	(10,617,443)
Total Liabilities and Equity	(16,361,178)	(14,078,478)
Parent [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	7	7	5	5
Income taxes receivable	587	1,915
Total Current Assets	594	1,922
Investments in consolidated subsidiaries	5,143,175	4,226,629
Total Assets	5,143,769	4,228,551
Intercompany loan payable	1,348,299	1,214,064
Total Long-Term Debt, net	1,348,299	1,214,064
Total Liabilities	1,348,299	1,214,064
Commitments and contingencies
CBRE Group, Inc. Stockholders’ Equity	3,795,470	3,014,487
Total Equity	3,795,470	3,014,487
Total Liabilities and Equity	5,143,769	4,228,551
Guarantor Subsidiaries [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	446,123	264,121	24,015	147,410
Restricted cash	2,048	6,967
Receivables, net	1,069,509	943,028
Warehouse receivables	1,002,000	687,454
Income taxes receivable		8,170
Prepaid expenses	77,336	78,296
Other current assets	60,622	64,576
Total Current Assets	2,657,638	2,052,612
Property and equipment, net	400,273	395,749
Goodwill	1,684,808	1,669,683
Other intangible assets, net	753,706	793,525
Investments in unconsolidated subsidiaries	188,353	189,455
Investments in consolidated subsidiaries	2,807,898	2,314,549
Intercompany loan receivable	700,000	700,000
Deferred tax assets, net	30,673	72,325
Other assets, net	275,452	240,707
Total Assets	9,498,801	8,428,605
Accounts payable and accrued expenses	482,449	409,470
Compensation and employee benefits payable	412,761	402,719
Accrued bonus and profit sharing	413,826	506,715
Income taxes payable	34,581	40,946
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	999,172	680,473
Other	16	16
Total short-term borrowings	999,188	680,489
Other current liabilities	40,500	81,590
Total Current Liabilities	2,383,305	2,121,929
Intercompany loan payable	1,826,325	1,916,675
Total Long-Term Debt, net	1,826,325	1,916,675
Non-current tax liabilities	16,037	53,422
Other liabilities	284,600	260,314
Total Liabilities	4,510,267	4,352,340
Commitments and contingencies
CBRE Group, Inc. Stockholders’ Equity	4,988,534	4,076,265
Total Equity	4,988,534	4,076,265
Total Liabilities and Equity	9,498,801	8,428,605
Nonguarantor Subsidiaries [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	501,754	481,559	409,839	384,509
Restricted cash	82,746	61,869
Receivables, net	1,773,617	1,662,574
Warehouse receivables	432,910	588,593
Income taxes receivable	61,425	37,456
Prepaid expenses	140,713	105,811
Other current assets	141,242	113,659
Total Current Assets	3,134,407	3,051,521
Property and equipment, net	173,993	165,007
Goodwill	1,450,400	1,311,709
Other intangible assets, net	646,993	617,514
Investments in unconsolidated subsidiaries	45,281	42,783
Deferred tax assets, net	94,250	90,334
Other assets, net	115,465	103,452
Total Assets	5,660,789	5,382,320
Accounts payable and accrued expenses	1,015,623	1,006,919
Compensation and employee benefits payable	350,167	369,577
Accrued bonus and profit sharing	313,240	383,606
Income taxes payable	47,550	36,684
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	417,081	574,180
Total short-term borrowings	417,081	574,180
Current maturities of long-term debt	10	11
Other current liabilities	15,928	21,127
Total Current Liabilities	2,159,599	2,392,104
Long-term debt, net		3
Intercompany loan payable	216,249	253,682
Total Long-Term Debt, net	216,249	253,685
Deferred tax liabilities, net	156,455	128,054
Non-current tax liabilities	1,814	620
Other liabilities	262,408	250,550
Total Liabilities	2,796,525	3,025,013
Commitments and contingencies
CBRE Group, Inc. Stockholders’ Equity	2,807,898	2,314,549
Non-controlling interests	56,366	42,758
Total Equity	2,864,264	2,357,307
Total Liabilities and Equity	5,660,789	5,382,320
CBRE Services [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	7,721	16,889	$ 12,487	$ 8,479
Income taxes receivable	4,399	17,364
Other current assets		1,421
Total Current Assets	12,120	35,674
Investments in consolidated subsidiaries	4,988,534	4,076,265
Intercompany loan receivable	2,690,873	2,684,421
Other assets, net	18,306	22,229
Total Assets	7,709,833	6,818,589
Accounts payable and accrued expenses	7,788	30,049
Compensation and employee benefits payable	626	626
Other current liabilities	84
Total Current Liabilities	8,498	30,675
Long-term debt, net	2,551,568	2,548,123
Total Long-Term Debt, net	2,551,568	2,548,123
Other liabilities	6,592	13,162
Total Liabilities	2,566,658	2,591,960
Commitments and contingencies
CBRE Group, Inc. Stockholders’ Equity	5,143,175	4,226,629
Total Equity	5,143,175	4,226,629
Total Liabilities and Equity	$ 7,709,833	$ 6,818,589

Guarantor and Nonguarantor Fi48

Guarantor and Nonguarantor Financial Statements - Condensed Consolidating Balance Sheet (Parenthetical) (Detail)	Sep. 30, 2017	Dec. 31, 2016
5.00% Senior Notes [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Interest rate of long-term debt	5.00%	5.00%
4.875% Senior Notes [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Interest rate of long-term debt	4.875%	4.875%
5.25% Senior Notes [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Interest rate of long-term debt	5.25%	5.25%

Guarantor and Nonguarantor Fi49

Guarantor and Nonguarantor Financial Statements - Condensed Consolidating Statement of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Condensed Statement of Income Captions [Line Items]
Revenue	$ 3,549,977	$ 3,193,487	$ 9,873,396	$ 9,247,758
Cost of services	2,513,377	2,252,783	6,919,018	6,520,629
Operating, administrative and other	704,898	686,530	2,023,503	2,010,338
Depreciation and amortization	102,591	92,725	297,014	269,987
Total costs and expenses	3,320,866	3,032,038	9,239,535	8,800,954
Gain on disposition of real estate	6,180	11,043	18,863	15,862
Operating income	235,291	172,492	652,724	462,666
Equity income from unconsolidated subsidiaries	67,834	24,672	158,236	116,902
Other income (loss)	1,768	1,356	9,069	8,453
Interest income	3,129	1,020	6,967	5,545
Interest expense	34,483	37,273	103,923	109,050
Income before provision for income taxes	273,539	162,267	723,073	484,516
(Benefit of) provision for income taxes	76,178	51,414	195,813	165,578
Net income	197,361	110,853	527,260	318,938
Less: Net income attributable to non-controlling interests	1,044	6,690	4,181	10,940
Net income attributable to CBRE Group, Inc.	196,317	104,163	523,079	307,998
Eliminations [Member]
Condensed Statement of Income Captions [Line Items]
Interest income	(30,651)	(33,550)	(91,250)	(99,119)
Interest expense	(30,651)	(33,550)	(91,250)	(99,119)
Income from consolidated subsidiaries	(495,075)	(275,915)	(1,282,248)	(729,665)
Income before provision for income taxes	(495,075)	(275,915)	(1,282,248)	(729,665)
Net income	(495,075)	(275,915)	(1,282,248)	(729,665)
Net income attributable to CBRE Group, Inc.	(495,075)	(275,915)	(1,282,248)	(729,665)
Parent [Member]
Condensed Statement of Income Captions [Line Items]
Operating, administrative and other	770	1,165	1,532	3,358
Total costs and expenses	770	1,165	1,532	3,358
Operating income	(770)	(1,165)	(1,532)	(3,358)
Income from consolidated subsidiaries	196,791	104,881	524,024	310,069
Income before provision for income taxes	196,021	103,716	522,492	306,711
(Benefit of) provision for income taxes	(296)	(447)	(587)	(1,287)
Net income	196,317	104,163	523,079	307,998
Net income attributable to CBRE Group, Inc.	196,317	104,163	523,079	307,998
Guarantor Subsidiaries [Member]
Condensed Statement of Income Captions [Line Items]
Revenue	1,774,112	1,611,836	5,046,641	4,751,526
Cost of services	1,256,664	1,149,943	3,504,306	3,304,291
Operating, administrative and other	374,966	353,420	1,078,709	1,061,778
Depreciation and amortization	60,610	54,423	176,035	165,087
Total costs and expenses	1,692,240	1,557,786	4,759,050	4,531,156
Gain on disposition of real estate	5,315		5,543	3,659
Operating income	87,187	54,050	293,134	224,029
Equity income from unconsolidated subsidiaries	65,439	24,287	154,769	114,504
Other income (loss)	455	278	1,481	(203)
Interest income	1,352	592	3,891	2,163
Interest expense	22,660	24,921	67,276	74,331
Royalty and management service (income) expense	(4,389)	(2,972)	(11,088)	(26,740)
Income from consolidated subsidiaries	99,222	65,474	227,120	107,849
Income before provision for income taxes	235,384	122,732	624,207	400,751
(Benefit of) provision for income taxes	36,322	17,172	93,103	89,004
Net income	199,062	105,560	531,104	311,747
Net income attributable to CBRE Group, Inc.	199,062	105,560	531,104	311,747
Nonguarantor Subsidiaries [Member]
Condensed Statement of Income Captions [Line Items]
Revenue	1,775,865	1,581,651	4,826,755	4,496,232
Cost of services	1,256,713	1,102,840	3,414,712	3,216,338
Operating, administrative and other	328,406	332,103	941,619	946,786
Depreciation and amortization	41,981	38,302	120,979	104,900
Total costs and expenses	1,627,100	1,473,245	4,477,310	4,268,024
Gain on disposition of real estate	865	11,043	13,320	12,203
Operating income	149,630	119,449	362,765	240,411
Equity income from unconsolidated subsidiaries	2,395	385	3,467	2,398
Other income (loss)	1,313	1,078	7,587	8,655
Interest income	1,777	428	3,076	3,382
Interest expense	8,897	11,093	26,810	30,413
Royalty and management service (income) expense	4,389	2,972	11,088	26,740
Income before provision for income taxes	141,829	107,275	338,997	197,693
(Benefit of) provision for income taxes	41,563	35,111	107,696	78,904
Net income	100,266	72,164	231,301	118,789
Less: Net income attributable to non-controlling interests	1,044	6,690	4,181	10,940
Net income attributable to CBRE Group, Inc.	99,222	65,474	227,120	107,849
CBRE Services [Member]
Condensed Statement of Income Captions [Line Items]
Operating, administrative and other	756	(158)	1,643	(1,584)
Total costs and expenses	756	(158)	1,643	(1,584)
Operating income	(756)	158	(1,643)	1,584
Other income (loss)			1	1
Interest income	30,651	33,550	91,250	99,119
Interest expense	33,577	34,809	101,087	103,425
Income from consolidated subsidiaries	199,062	105,560	531,104	311,747
Income before provision for income taxes	195,380	104,459	519,625	309,026
(Benefit of) provision for income taxes	(1,411)	(422)	(4,399)	(1,043)
Net income	196,791	104,881	524,024	310,069
Net income attributable to CBRE Group, Inc.	$ 196,791	$ 104,881	$ 524,024	$ 310,069

Guarantor and Nonguarantor Fi50

Guarantor and Nonguarantor Financial Statements - Condensed Consolidating Statement of Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Condensed Statement of Income Captions [Line Items]
Net income	$ 197,361	$ 110,853	$ 527,260	$ 318,938
Foreign currency translation gain (loss)	64,711	(15,940)	204,147	(101,654)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	1,260	1,720	4,148	5,196
Unrealized gains (losses) on interest rate swaps, net of tax	25	788	102	(3,327)
Unrealized holding gains on available for sale securities, net	339	348	2,239	993
Other, net	(4)	2	(20)	(757)
Total other comprehensive income (loss)	66,331	(13,082)	210,616	(99,549)
Comprehensive income	263,692	97,771	737,876	219,389
Less: Comprehensive income attributable to non-controlling interests	1,227	6,768	4,544	11,057
Comprehensive income attributable to CBRE Group, Inc.	262,465	91,003	733,332	208,332
Eliminations [Member]
Condensed Statement of Income Captions [Line Items]
Net income	(495,075)	(275,915)	(1,282,248)	(729,665)
Comprehensive income	(495,075)	(275,915)	(1,282,248)	(729,665)
Comprehensive income attributable to CBRE Group, Inc.	(495,075)	(275,915)	(1,282,248)	(729,665)
Parent [Member]
Condensed Statement of Income Captions [Line Items]
Net income	196,317	104,163	523,079	307,998
Other, net			(2)
Total other comprehensive income (loss)			(2)
Comprehensive income	196,317	104,163	523,077	307,998
Comprehensive income attributable to CBRE Group, Inc.	196,317	104,163	523,077	307,998
Guarantor Subsidiaries [Member]
Condensed Statement of Income Captions [Line Items]
Net income	199,062	105,560	531,104	311,747
Unrealized holding gains on available for sale securities, net	331	348	2,056	862
Other, net	(4)		(18)	(759)
Total other comprehensive income (loss)	327	348	2,038	103
Comprehensive income	199,389	105,908	533,142	311,850
Comprehensive income attributable to CBRE Group, Inc.	199,389	105,908	533,142	311,850
Nonguarantor Subsidiaries [Member]
Condensed Statement of Income Captions [Line Items]
Net income	100,266	72,164	231,301	118,789
Foreign currency translation gain (loss)	64,711	(15,940)	204,147	(101,654)
Unrealized holding gains on available for sale securities, net	8		183	131
Other, net		2		2
Total other comprehensive income (loss)	64,719	(15,938)	204,330	(101,521)
Comprehensive income	164,985	56,226	435,631	17,268
Less: Comprehensive income attributable to non-controlling interests	1,227	6,768	4,544	11,057
Comprehensive income attributable to CBRE Group, Inc.	163,758	49,458	431,087	6,211
CBRE Services [Member]
Condensed Statement of Income Captions [Line Items]
Net income	196,791	104,881	524,024	310,069
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	1,260	1,720	4,148	5,196
Unrealized gains (losses) on interest rate swaps, net of tax	25	788	102	(3,327)
Total other comprehensive income (loss)	1,285	2,508	4,250	1,869
Comprehensive income	198,076	107,389	528,274	311,938
Comprehensive income attributable to CBRE Group, Inc.	$ 198,076	$ 107,389	$ 528,274	$ 311,938

Guarantor and Nonguarantor Fi51

Guarantor and Nonguarantor Financial Statements - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Condensed Cash Flow Statements, Captions [Line Items]
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:	$ 247,268	$ (53,189)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(101,606)	(134,357)
Acquisition of businesses (other than GWS), including net assets acquired, intangibles and goodwill, net of cash acquired	(59,394)	(22,066)
Acquisition of GWS, including net assets acquired, intangibles and goodwill		(10,477)
Contributions to unconsolidated subsidiaries	(36,659)	(57,295)
Distributions from unconsolidated subsidiaries	177,506	119,539
Net proceeds from disposition of real estate held for investment		44,326
Decrease (increase) in restricted cash	(11,020)	(1,623)
Purchase of available for sale securities	(29,408)	(31,413)
Proceeds from the sale of available for sale securities	25,618	29,560
Other investing activities, net	1,156	24,185
Net cash used in investing activities	(33,807)	(39,621)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of senior term loans		(23,125)
Proceeds from revolving credit facility	911,000	2,195,000
Repayment of revolving credit facility	(911,000)	(2,112,000)
Proceeds from notes payable on real estate held for investment	79	7,274
Repayment of notes payable on real estate held for investment	(1,324)	(33,516)
Proceeds from notes payable on real estate held for sale and under development	3,341	15,110
Repayment of notes payable on real estate held for sale and under development	(10,777)	(4,102)
Shares and units repurchased for payment of taxes on equity awards	(29,549)	(27,796)
Non-controlling interest contributions	3,410	1,478
Non-controlling interest distributions	(6,643)	(12,800)
Payment of financing costs	(21)	(5,601)
Other financing activities, net	(2,673)	(761)
Net cash used in financing activities	(44,157)	(839)
Effect of currency exchange rate changes on cash and cash equivalents	23,725	(408)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	193,029	(94,057)
CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD	762,576	540,403
CASH AND CASH EQUIVALENTS, AT END OF PERIOD	955,605	446,346
Cash paid during the period for:
Interest	111,826	118,272
Income taxes, net	204,228	225,129
Parent [Member]
Condensed Cash Flow Statements, Captions [Line Items]
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:	69,358	65,900
CASH FLOWS FROM FINANCING ACTIVITIES:
Shares and units repurchased for payment of taxes on equity awards	(29,549)	(27,796)
(Increase) decrease in intercompany receivables, net	(40,288)	(39,019)
Other financing activities, net	479	915
Net cash used in financing activities	(69,358)	(65,900)
CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD	7	5
CASH AND CASH EQUIVALENTS, AT END OF PERIOD	7	5
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:	129,361	(80,074)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(68,566)	(81,359)
Acquisition of businesses (other than GWS), including net assets acquired, intangibles and goodwill, net of cash acquired	(39,937)	(1,249)
Acquisition of GWS, including net assets acquired, intangibles and goodwill		3,256
Contributions to unconsolidated subsidiaries	(33,582)	(36,693)
Distributions from unconsolidated subsidiaries	172,868	116,072
Decrease (increase) in restricted cash	4,919	(545)
Purchase of available for sale securities	(29,408)	(31,413)
Proceeds from the sale of available for sale securities	25,618	29,560
Other investing activities, net	892	10,677
Net cash used in investing activities	32,804	8,306
CASH FLOWS FROM FINANCING ACTIVITIES:
(Increase) decrease in intercompany receivables, net	22,982	(50,454)
Other financing activities, net	(3,145)	(1,173)
Net cash used in financing activities	19,837	(51,627)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	182,002	(123,395)
CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD	264,121	147,410
CASH AND CASH EQUIVALENTS, AT END OF PERIOD	446,123	24,015
Cash paid during the period for:
Income taxes, net	80,156	123,231
Nonguarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:	56,062	(29,562)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(33,040)	(52,998)
Acquisition of businesses (other than GWS), including net assets acquired, intangibles and goodwill, net of cash acquired	(19,457)	(20,817)
Acquisition of GWS, including net assets acquired, intangibles and goodwill		(13,733)
Contributions to unconsolidated subsidiaries	(3,077)	(20,602)
Distributions from unconsolidated subsidiaries	4,638	3,467
Net proceeds from disposition of real estate held for investment		44,326
Decrease (increase) in restricted cash	(15,939)	(1,078)
Other investing activities, net	264	13,508
Net cash used in investing activities	(66,611)	(47,927)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable on real estate held for investment	79	7,274
Repayment of notes payable on real estate held for investment	(1,324)	(33,516)
Proceeds from notes payable on real estate held for sale and under development	3,341	15,110
Repayment of notes payable on real estate held for sale and under development	(10,777)	(4,102)
Non-controlling interest contributions	3,410	1,478
Non-controlling interest distributions	(6,643)	(12,800)
Payment of financing costs	(21)	(141)
(Increase) decrease in intercompany receivables, net	18,961	130,427
Other financing activities, net	(7)	(503)
Net cash used in financing activities	7,019	103,227
Effect of currency exchange rate changes on cash and cash equivalents	23,725	(408)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	20,195	25,330
CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD	481,559	384,509
CASH AND CASH EQUIVALENTS, AT END OF PERIOD	501,754	409,839
Cash paid during the period for:
Interest	31	2,574
Income taxes, net	124,072	101,898
CBRE Services [Member]
Condensed Cash Flow Statements, Captions [Line Items]
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:	(7,513)	(9,453)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of senior term loans		(23,125)
Proceeds from revolving credit facility	911,000	2,195,000
Repayment of revolving credit facility	(911,000)	(2,112,000)
Payment of financing costs		(5,460)
(Increase) decrease in intercompany receivables, net	(1,655)	(40,954)
Net cash used in financing activities	(1,655)	13,461
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(9,168)	4,008
CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD	16,889	8,479
CASH AND CASH EQUIVALENTS, AT END OF PERIOD	7,721	12,487
Cash paid during the period for:
Interest	$ 111,795	$ 115,698

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - 2017 Credit Agreement [Member] - USD ($)	Oct. 31, 2017	Sep. 30, 2017
Subsequent Event [Line Items]
Credit agreement date		Oct. 31, 2017
Tranche A term loan facility [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Amounts available to borrow under Credit Agreement	$ 750,000,000
Initial borrowing	200,000,000
Remaining amount in credit facility	$ 550,000,000
Tranche A term loan facility [Member] | Subsequent Event [Member] | Minimum [Member]
Subsequent Event [Line Items]
Credit Agreement applicable fixed rate spread	0.875%
Credit Agreement applicable daily rate spread	0.00%
Tranche A term loan facility [Member] | Subsequent Event [Member] | Maximum [Member]
Subsequent Event [Line Items]
Credit Agreement applicable fixed rate spread	1.25%
Credit Agreement applicable daily rate spread	0.25%
Leverage ratio	250.00%
Revolving credit facility [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Amounts available to borrow under Credit Agreement	$ 2,800,000,000
Remaining amount in credit facility	83,000,000
Revolving credit facility [Member] | Subsequent Event [Member] | Canadian, Australian and New Zealand subsidiaries [Member]
Subsequent Event [Line Items]
Amounts available to borrow under Credit Agreement	200,000,000
Revolving credit facility [Member] | Subsequent Event [Member] | U.K. subsidiaries [Member]
Subsequent Event [Line Items]
Amounts available to borrow under Credit Agreement	$ 300,000,000
Revolving credit facility [Member] | Subsequent Event [Member] | Minimum [Member]
Subsequent Event [Line Items]
Credit Agreement applicable fixed rate spread	0.775%
Credit Agreement applicable daily rate spread	0.00%
Revolving credit facility [Member] | Subsequent Event [Member] | Maximum [Member]
Subsequent Event [Line Items]
Credit Agreement applicable fixed rate spread	1.075%
Credit Agreement applicable daily rate spread	0.075%