CBRE (CBRE) 10-Q 7 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 27, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Trading Symbol	CBRE
Entity Registrant Name	CBRE GROUP, INC.
Entity Central Index Key	0001138118
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		335,166,810
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity File Number	001-32205
Entity Tax Identification Number	94-3391143
Entity Address, Address Line One	400 South Hope Street
Entity Address, Address Line Two	25th Floor
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90071
City Area Code	213
Local Phone Number	613-3333
Entity Interactive Data Current	Yes
Title of 12(b) Security	Class A Common Stock, $0.01 par value per share
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents	$ 628,451	$ 971,781
Restricted cash	104,244	121,964
Receivables, less allowance for doubtful accounts of $80,543 and $72,725 at March 31, 2020 and December 31, 2019, respectively	4,262,264	4,466,674
Warehouse receivables	1,273,259	993,058
Contract assets	329,988	328,012
Prepaid expenses	287,556	282,741
Income taxes receivable	88,153	93,915
Other current assets	289,672	276,319
Total Current Assets	7,263,587	7,534,464
Property and equipment, net	800,869	836,206
Goodwill	3,673,758	3,753,493
Other intangible assets, net of accumulated amortization of $1,390,807 and $1,358,528 at March 31, 2020 and December 31, 2019, respectively	1,339,786	1,379,546
Operating lease assets	997,793	997,966
Investments in unconsolidated subsidiaries	422,910	426,711
Non-current contract assets	200,673	201,760
Real estate under development	170,932	185,508
Deferred tax assets, net	89,046	73,864
Non-current income taxes receivable	29,510	139,136
Other assets, net	691,400	668,542
Total Assets	15,680,264	16,197,196
Current Liabilities:
Accounts payable and accrued expenses	2,365,003	2,436,084
Compensation and employee benefits payable	1,237,963	1,324,990
Accrued bonus and profit sharing	693,806	1,261,974
Operating lease liabilities	183,159	168,663
Contract liabilities	106,995	108,671
Income taxes payable	81,758	30,207
Short-term borrowings:
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	1,258,832	977,175
Other	5,208	4,534
Total short-term borrowings	1,264,040	981,709
Current maturities of long-term debt	1,718	1,814
Other current liabilities	130,984	122,339
Total Current Liabilities	6,065,426	6,436,451
Long-term debt, net of current maturities	1,754,518	1,761,245
Non-current operating lease liabilities	1,045,708	1,057,758
Non-current tax liabilities	92,119	85,966
Deferred tax liabilities, net	50,686	34,593
Non-current income taxes payable	40,562	93,647
Other liabilities	461,698	454,424
Total Liabilities	9,510,717	9,924,084
Commitments and contingencies
CBRE Group, Inc. Stockholders’ Equity:
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 335,145,077 and 334,752,283 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	3,351	3,348
Additional paid-in capital	1,026,768	1,115,944
Accumulated earnings	5,950,263	5,793,149
Accumulated other comprehensive loss	(851,039)	(679,748)
Total CBRE Group, Inc. Stockholders’ Equity	6,129,343	6,232,693
Non-controlling interests	40,204	40,419
Total Equity	6,169,547	6,273,112
Total Liabilities and Equity	$ 15,680,264	$ 16,197,196

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Receivables, allowance for doubtful accounts	$ 80,543	$ 72,725
Other intangible assets, accumulated amortization	$ 1,390,807	$ 1,358,528
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	335,145,077	334,752,283
Class A common stock, shares outstanding	335,145,077	334,752,283

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Revenue	$ 5,889,168	$ 5,135,510
Costs and expenses:
Cost of revenue	4,712,674	4,022,034
Operating, administrative and other	790,066	792,876
Depreciation and amortization	113,794	105,823
Asset impairments	75,171	89,037
Total costs and expenses	5,691,705	5,009,770
Gain on disposition of real estate	22,827	19,247
Operating income	220,290	144,987
Equity income from unconsolidated subsidiaries	20,631	72,664
Other (loss) income	(193)	20,853
Interest expense, net of interest income	16,016	21,192
Write-off of financing costs on extinguished debt		2,608
Income before provision for income taxes	224,712	214,704
Provision for income taxes	51,182	43,878
Net income	173,530	170,826
Less: Net income attributable to non-controlling interests	1,335	6,417
Net income attributable to CBRE Group, Inc.	$ 172,195	$ 164,409
Basic income per share:
Net income per share attributable to CBRE Group, Inc.	$ 0.51	$ 0.49
Weighted average shares outstanding for basic income per share	334,969,826	336,020,431
Diluted income per share:
Net income per share attributable to CBRE Group, Inc.	$ 0.51	$ 0.48
Weighted average shares outstanding for diluted income per share	339,737,911	340,158,399

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 173,530	$ 170,826
Other comprehensive (loss) income:
Foreign currency translation (loss) gain	(172,374)	937
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	114	410
Unrealized losses on interest rate swaps, net of tax		(59)
Unrealized holding gains on available for sale debt securities, net of tax	909	755
Other, net		1
Total other comprehensive (loss) income	(171,351)	2,044
Comprehensive income	2,179	172,870
Less: Comprehensive income attributable to non-controlling interests	1,275	6,361
Comprehensive income attributable to CBRE Group, Inc.	$ 904	$ 166,509

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 173,530	$ 170,826
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	113,794	105,823
Amortization and write-off of financing costs on extinguished debt	1,501	4,175
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets	(52,373)	(53,517)
Asset impairments	75,171	89,037
Net realized and unrealized losses (gains), primarily from investments	193	(20,853)
Provision for doubtful accounts	9,059	1,867
Net compensation (reversal) expense for equity awards	(1,239)	29,271
Equity income from unconsolidated subsidiaries	(20,631)	(72,664)
Distribution of earnings from unconsolidated subsidiaries	29,185	77,158
Proceeds from sale of mortgage loans	3,595,631	4,453,797
Origination of mortgage loans	(3,859,407)	(4,646,348)
Increase in warehouse lines of credit	281,657	232,446
Tenant concessions received	13,292	3,464
Purchase of equity securities	(3,559)	(62,117)
Proceeds from sale of equity securities	4,925	25,730
Decrease (increase) in real estate under development	7,742	(3,356)
Decrease (increase) in receivables, prepaid expenses and other assets (including contract and lease assets)	52,796	(168,862)
Decrease in accounts payable and accrued expenses and other liabilities (including contract and lease liabilities)	(34,597)	(33,982)
Decrease in compensation and employee benefits payable and accrued bonus and profit sharing	(605,950)	(510,405)
Decrease (increase) in net income taxes receivable/payable	108,609	(11,344)
Other operating activities, net	(25,610)	(2,721)
Net cash used in operating activities	(136,281)	(392,575)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(62,241)	(56,979)
Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired	(25,897)	(2,142)
Contributions to unconsolidated subsidiaries	(32,155)	(23,562)
Distributions from unconsolidated subsidiaries	18,994	5,974
Other investing activities, net	9,068	2,771
Net cash used in investing activities	(92,231)	(73,938)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from senior term loans		300,000
Repayment of senior term loans		(300,000)
Proceeds from revolving credit facility	331,671	507,000
Repayment of revolving credit facility	(331,701)	(171,000)
Repurchase of common stock	(50,028)	(45,088)
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date)	(6,230)	(17,185)
Units repurchased for payment of taxes on equity awards	(36,873)	(9,186)
Non-controlling interest contributions	622	40,774
Non-controlling interest distributions	(497)	(1,347)
Other financing activities, net	(869)	(3,940)
Net cash (used in) provided by financing activities	(93,905)	300,028
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash	(38,633)	(9,791)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(361,050)	(176,276)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD	1,093,745	863,944
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD	732,695	687,668
Cash paid during the period for:
Interest	27,290	33,606
Income tax (refunds) payments, net	$ (55,897)	$ 54,241

Consolidated Statements of Equi

Consolidated Statements of Equity (Unaudited) - 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, 2018	$ 5,009,902	$ 3,369	$ 1,149,013	$ 4,504,684	$ (718,269)	$ 71,105
Net income	170,826			164,409		6,417
Compensation expense for equity awards	29,271		29,271
Units repurchased for payment of taxes on equity awards	(9,186)		(9,186)
Repurchase of common stock	(45,088)	(11)	(45,077)
Foreign currency translation gain (loss)	937				993	(56)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	410				410
Unrealized losses on interest rate swaps, net of tax	(59)				(59)
Unrealized holding gains on available for sale debt securities, net of tax	755				755
Contributions from non-controlling interests	40,774					40,774
Distributions to non-controlling interests	(1,347)					(1,347)
Other	7,021	5	2,963	6,108	1	(2,056)
Ending balance at Mar. 31, 2019	5,204,216	3,363	1,126,984	4,675,201	(716,169)	114,837
Beginning balance at Dec. 31, 2018	5,009,902	3,369	1,149,013	4,504,684	(718,269)	71,105
Ending balance at Dec. 31, 2019	6,273,112	3,348	1,115,944	5,793,149	(679,748)	40,419
Net income	173,530			172,195		1,335
Compensation reversal for equity awards	(1,239)		(1,239)
Units repurchased for payment of taxes on equity awards	(36,873)		(36,873)
Repurchase of common stock	(50,028)		(50,028)
Foreign currency translation gain (loss)	(172,374)				(172,314)	(60)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	114				114
Unrealized holding gains on available for sale debt securities, net of tax	909				909
Contributions from non-controlling interests	622					622
Distributions to non-controlling interests	(497)					(497)
Other	(17,729)	3	(1,036)	(15,081)		(1,615)
Ending balance at Mar. 31, 2020	$ 6,169,547	$ 3,351	$ 1,026,768	$ 5,950,263	$ (851,039)	$ 40,204

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. 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, 2019, which are included in our 2019 Annual Report on Form 10-K (2019 Annual Report), filed with the United States Securities and Exchange Commission (SEC) and also available on our website (www.cbre.com), since we have omitted from this Quarterly Report certain footnote disclosures which would substantially duplicate those contained in such audited financial statements. You should also refer to Note 2, Significant Accounting Policies, in the notes to consolidated financial statements in our 2019 Annual Report for further discussion of our significant accounting policies and estimates. Considerations Related to the COVID‑19 Pandemic In the first quarter of 2020, the outbreak of the widespread novel coronavirus (COVID‑19) illness resulted in tremendous amounts of uncertainty, interruption of business activity and significantly impacted global markets. On March 11, 2020, the World Health Organization declared COVID‑19 a pandemic, pointing to over 118,000 cases of the coronavirus illness in over 110 countries and territories around the world at that time. The emergence of the COVID‑19 pandemic and resultant shutdown of economic activity across much of the world has led to sharp increases in unemployment, dislocations in debt and equity markets and businesses instituting cost-cutting and capital-preservation measures. There has been a significant impact on commercial real estate markets in the first quarter of 2020, as many property owners and occupiers have put transactions on hold and withdrawn existing mandates, driving lower sales and leasing volumes. Real estate investment management and property development markets have been equally affected by the abrupt macroeconomic, real estate and capital markets changes brought about by COVID‑19. The timing of these impacts varies by geography, with Asian markets experiencing the earliest effects from the pandemic, while many other markets did not begin to experience significant effects until the end of the first quarter. We expect the effects of COVID‑19 will adversely impact our financial position, results of operations, and cash flows for fiscal year 2020. The unaudited consolidated financial statements presented herein reflect our current estimates and assumptions that affect the reported amounts of assets and liabilities and related disclosures as of the date of the financial statements and reported amounts of sales and expenses during the reporting periods presented. See Note 5 (Fair Value Measurements), Note 7 (Goodwill) and Note 11 (Commitments and Contingencies) for further discussion of COVID‑19 considerations. Financial Statement Preparation 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, including the impact COVID‑19 may have on our business. 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, contract assets, operating lease assets, 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 re classifications have been made to the 201 9 financial statements to conform with the 20 20 presentation .

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
Accounting Changes And Error Corrections [Abstract]
New Accounting Pronouncements	2. New Accounting Pronouncements Recently Adopted Accounting Pronouncements The Financial Accounting Standards Board (FASB) previously issued five Accounting Standards Updates (ASUs) related to related to financial instruments – credit losses. The ASUs issued were: (1) in June 2016, ASU 2016-13, “ Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments, Financial Instruments – Credit Losses (Topic 326): Targeted Transition Relief Codification Improvements to Topic 326, Financial Instruments—Credit Losses.” Financial Instruments—Credit Losses (Topic 326) and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (Topic 842) Codification Improvements to Financial Instruments, ASU 2016-13 is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. ASU 2018-19 clarifies that receivables arising from operating leases are not within the scope of the credit losses standard, but rather, should be accounted for in accordance with the leasing standard. ASU 2019-04 clarifies and improves areas of guidance related to the recently issued standards on financial instruments – credit losses, derivatives and hedging, and financial instruments. ASU 2019-05 provides entities that have certain instruments within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost, with an option to irrevocably elect the fair value option in Subtopic 825-10, Financial Instruments—Overall. ASU 2019-11 clarifies guidance around how to report expected recoveries and reinforces existing guidance that prohibits organizations from recording negative allowances for available-for-sale debt securities, among other narrow scope and technical improvements. ASU 2020-02 adds a Securities and Exchange Commission (SEC) paragraph pursuant to the issuance of SEC Staff Accounting Bulletin No. 119 on loan losses to FASB Codification Topic 326 and also updates the SEC section of the Codification for the change in the effective date of Topic 842. ASU 2020-03 makes narrow-scope improvements to various aspects of the financial instrument guidance as part of the FASB’s ongoing Codification improvement project aimed at clarifying specific areas of accounting guidance to help avoid unintended application. We adopted ASU 2016-13, ASU 2018-19, ASU 2019-04 (as it related to financial instruments – credit losses), ASU 2019-05, ASU 2019-11, ASU 2020-02 and ASU 2020-03 in the first quarter of 2020 and the adoption did not have a material impact on our consolidated financial statements and related disclosures. In November 2018, the FASB issued ASU 2018‑18, “ Collaborative Arrangements (Topic 808): Clarifying the Interaction Between Topic 808 and Topic 606 Recent Accounting Pronouncements Pending Adoption In August 2018, the FASB issued ASU 2018‑14, “ Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans. In December 2019, the FASB issued ASU 2019 ‑12, “ Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ” This ASU removes specific exceptions to the general principles in Topic 740 and improves and simplifies financial statement preparers’ application of income tax-related guidance. This ASU is effective for fiscal years beginning after December 15, 2020, and interim periods within those years, with early adoption permitted. We are evaluating the effect that ASU 2019 ‑12 will have on our consolidated financial statements and related disclosures, but do not expect it to have a material impact. In January 2020, the FASB issued ASU 2020‑01, “ Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) In March 2020, the FASB issued ASU 2020‑04, “ Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.”

Telford Acquisition

Telford Acquisition	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Telford Acquisition	3 . On October 1, 2019, we acquired Telford Homes Plc (Telford) to expand our real estate development business outside of the U.S. (Telford Acquisition). A leading developer of multifamily residential properties in the London area, Telford is reported in our Real Estate Investments segment. Telford shareholders received £3.50 per share in cash, valuing Telford at £267.1 million, or $328.5 million as of the acquisition date. The preliminary purchase accounting related to the Telford Acquisition has been recorded in the accompanying consolidated financial statements (with no significant changes in the first quarter of 2020). The excess purchase price over the estimated fair value of net assets acquired has been recorded to goodwill. The goodwill arising from the Telford Acquisition consists largely of the synergies and economies of scale expected from combining the operations acquired from Telford with ours. We are currently assessing if any portion of the goodwill recorded in connection with the Telford Acquisition will be deductible for tax purposes, but do not expect any tax deductible goodwill to be significant. Given the complexity of the transaction, the calculation of the fair value of certain assets and liabilities acquired, primarily intangibles and income tax items, is still preliminary. The purchase price allocation is expected to be completed as soon as practicable, but no later than one year from the acquisition date.

Warehouse Receivables & Warehou

Warehouse Receivables & Warehouse Lines of Credit	3 Months Ended
	Mar. 31, 2020
Warehouse Receivables And Warehouse Lines Of Credit [Abstract]
Warehouse Receivables & Warehouse Lines of Credit	4 . 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. The warehouse lines of credit are generally repaid within a one-month period 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. Loans are funded at the prevailing market rates. We elect the fair value option for all warehouse receivables. At March 31 , 20 20 and December 31, 201 9 , 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 December 31, 2019 $ 993,058 Origination of mortgage loans 3,859,407 Gains (premiums on loan sales) 16,294 Proceeds from sale of mortgage loans: Sale of mortgage loans (3,579,337 ) Cash collections of premiums on loan sales (16,294 ) Proceeds from sale of mortgage loans (3,595,631 ) Net increase in mortgage servicing rights included in warehouse receivables 131 Ending balance at March 31, 2020 $ 1,273,259 The following table is a summary of our warehouse lines of credit in place as of March 31, 2020 and December 31, 2019 (dollars in thousands): March 31, 2020 December 31, 2019 Lender Current Maturity Pricing Maximum Facility Size Carrying Value Maximum Facility Size Carrying Value JP Morgan Chase Bank, N.A. (JP Morgan) 10/19/2020 daily one-month LIBOR plus 1.30% $ 985,000 $ 814,604 $ 985,000 $ 267,075 JP Morgan 10/19/2020 daily one-month LIBOR plus 2.75% 15,000 3,923 15,000 — Capital One, N.A. (Capital One) 7/27/2020 daily one-month LIBOR plus 1.25% 200,000 54,975 200,000 39,538 Fannie Mae Multifamily As Soon As Pooled Plus Agreement and Multifamily As Soon As Pooled Sale Agreement (ASAP) Program Cancelable anytime daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35% 450,000 31,300 450,000 360,784 TD Bank, N.A. (TD Bank) 6/30/2020 daily one-month LIBOR plus 1.15% 800,000 114,806 800,000 92,266 Bank of America, N.A. (BofA) 5/27/2020 daily one-month LIBOR plus 1.20% 350,000 86,779 350,000 189,465 BofA 5/27/2020 daily one-month LIBOR plus 1.15% 250,000 — 250,000 17,457 MUFG Union Bank, N.A. (Union Bank) (1) 6/28/2020 daily one-month LIBOR plus 1.20% 350,000 152,445 350,000 10,590 $ 3,400,000 $ 1,258,832 $ 3,400,000 $ 977,175 (1) On June 28, 2019, we added a new warehouse facility for $200.0 million with Union Bank. This facility contains an accordion feature which allows for temporary increases not to exceed an additional $150.0 million. If utilized, the additional borrowings must be in predefined multiples and are not to occur more than three times within twelve consecutive months. Since inception, no short-term temporary increases have been requested. During the three months ended March 31, 2020, we had a maximum of $1.8 billion of warehouse lines of credit principal outstanding.

Variable Interest Entities (VIE

Variable Interest Entities (VIEs)	3 Months Ended
	Mar. 31, 2020
Equity Method Investments And Joint Ventures [Abstract]
Variable Interest Entities (VIEs)	5 . We hold variable interests in certain VIEs in our Real Estate Investments segment 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 March 31, 2020 and December 31, 2019, our maximum exposure to loss related to VIEs which are not consolidated was as follows (dollars in thousands): March 31, December 31, 2020 2019 Investments in unconsolidated subsidiaries $ 40,942 $ 30,484 Other current assets 4,460 4,307 Co-investment commitments 41,430 29,696 Maximum exposure to loss $ 86,832 $ 64,487

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	6 . Topic 820 of the FASB Accounting Standards Codification (ASC) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Topic 820 also establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: • 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 have been no significant changes to the valuation techniques and inputs used to develop the recurring fair value measurements from those disclosed in our 2019 Annual Report . For a portion of our investments in unconsolidated subsidiaries reported at fair value, we estimate fair value using the net asset value (NAV) per share (or its equivalent) our investees provide. These investments are considered investment companies, or are the equivalent of investment companies, as they carry all investments at fair value, with unrealized gains and losses resulting from changes in fair value reflected in earnings. Accordingly, we effectively carry our investments at an amount that is equivalent to our proportionate share of the net assets of each investment that would be allocated to us if each investment was liquidated at the net asset value as of the measurement date. As of March 31, 2020 and December 31, 2019, investments in unconsolidated subsidiaries at fair value using NAV were $58.4 million and $45.2 million, respectively. These investments fall under practical expedient rules that do not require them to be included in the fair value hierarchy and as a result have been excluded from the tables below. The following tables present the fair value of assets and liabilities measured at fair value on a recurring basis as of March 31, 2020 and December 31, 2019 (dollars in thousands): As of March 31, 2020 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 6,531 $ — $ — $ 6,531 Debt securities issued by U.S. federal agencies — 10,555 — 10,555 Corporate debt securities — 30,722 — 30,722 Asset-backed securities — 4,736 — 4,736 Collateralized mortgage obligations — 2,149 — 2,149 Total available for sale debt securities 6,531 48,162 — 54,693 Equity securities 46,879 — — 46,879 Investments in unconsolidated subsidiaries 55,769 — — 55,769 Warehouse receivables — 1,273,259 — 1,273,259 Total assets at fair value $ 109,179 $ 1,321,421 $ — $ 1,430,600 As of December 31, 2019 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 6,998 $ — $ — $ 6,998 Debt securities issued by U.S. federal agencies — 10,639 — 10,639 Corporate debt securities — 29,098 — 29,098 Asset-backed securities — 5,152 — 5,152 Collateralized mortgage obligations — 2,222 — 2,222 Total available for sale debt securities 6,998 47,111 — 54,109 Equity securities 51,399 — — 51,399 Warehouse receivables — 993,058 — 993,058 Total assets at fair value $ 58,397 $ 1,040,169 $ — $ 1,098,566 The following non-recurring fair value measurements were recorded for the three months ended March 31, 2020 (dollars in thousands): Total Impairment Charges Net Carrying Value Fair Value Measured and for the as of Recorded Using Three Months Ended March 31, 2020 Level 1 Level 2 Level 3 March 31, 2020 Property and equipment $ 10,185 $ — $ — $ 10,185 $ 21,663 Goodwill 418,861 — — 418,861 25,000 Other intangible assets 13,403 — — 13,403 28,508 Total $ 442,449 $ — $ — $ 442,449 $ 75,171 The following non-recurring fair value measurement was recorded for the three months ended March 31, 2019 (dollars in thousands): Total Impairment Charges Net Carrying Value Fair Value Measured and for the as of Recorded Using Three Months Ended March 31, 2019 Level 1 Level 2 Level 3 March 31, 2019 Other intangible assets $ 16,000 $ — $ — $ 16,000 $ 89,037 During the three months ended March 31, 2020, we recorded $50.2 million of non-cash asset impairment charges in our Global Workplace Solutions segment and a non-cash goodwill impairment charge of $25.0 million in our Real Estate Investments segment. As a result of the recent global economic disruption and uncertainty due to COVID‑19, we deemed there to be triggering events requiring testing of certain assets for impairment as of March 31, 2020. Based on these tests, we recorded the aforementioned non-cash impairment charges, which were driven by lower anticipated cash flows in certain businesses directly resulting from a downturn in forecasts as well as increased forecast risk due to COVID‑19. During the three months ended March 31, 2019, we recorded an intangible asset impairment charge of $89.0 million in our Real Estate Investments segment. This non-cash write-off resulted from a review of the anticipated cash flows and a decrease in assets under management in our public securities business driven in part by continued industry-wide shift in investor preference for passive investment programs. All the above-mentioned asset impairment charges were included within the line item “Asset impairments” in the accompanying consolidated statements of operations. The fair value measurements employed for our impairment evaluations were based on a discounted cash flow approach. Inputs used in these evaluations included risk-free rates of return, estimated risk premiums, terminal growth rates, working capital assumptions, income tax rates as well as other economic variables. FASB ASC Topic 825, “Financial Instruments” • Cash and Cash Equivalents and Restricted Cash – 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. The primary source of value is either a contractual purchase commitment from Freddie Mac or a confirmed forward trade commitment for the issuance and purchase of a Fannie Mae or Ginnie Mae MBS (see Note 4). • Investments in Unconsolidated Subsidiaries – A portion of these investments are carried at fair value. We classify three investments as Level 1 in the fair value hierarchy as a quoted price is readily available. For the remaining investments in unconsolidated subsidiaries that are carried at fair value, we estimate the fair value of each investment using the NAV per share (or its equivalent). • Available for Sale Debt Securities – These investments are carried at their fair value. • Equity Securities – These investments 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, and our revolving credit facility. Due to the short-term nature and variable interest rates of these instruments, fair value approximates carrying value (see Notes 4 and 9). • 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 $708.8 million at March 31, 2020 and $745.5 million at December 31, 2019. Their actual carrying value, net of unamortized debt issuance costs, totaled $737.6 million and $744.6 million at March 31, 2020 and December 31, 2019, respectively (see Note 9). • Senior Notes – Based on dealers’ quotes (which falls within Level 2 of the fair value hierarchy), the estimated fair values of our 4.875 and $459.2 million, respectively, at March 31, 2020 and $670.7 million and $478.3 million, respectively, at December 31, 2019. The actual carrying value of our 4.875 $593.6 million and $423.0 million, respectively, at December 31, 2019.

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	7 . We test each of our reporting units for goodwill impairment annually at October 1 st Intangibles – Goodwill and Other The following table summarizes our change in carrying amount of goodwill for the three months ended March 31, 2020 (dollars in thousands): Advisory Services Global Workplace Solutions Real Estate Investments Consolidated Balance as of December 31, 2019 Goodwill $ 3,302,218 $ 899,506 $ 620,275 $ 4,821,999 Accumulated impairment losses (761,448 ) (175,473 ) (131,585 ) (1,068,506 ) 2,540,770 724,033 488,690 3,753,493 Impairment loss — — (25,000 ) (25,000 ) Purchase accounting entries related to acquisitions 16,276 11,483 (9,084 ) 18,675 Foreign exchange movement (26,937 ) (35,769 ) (10,704 ) (73,410 ) Balance as of March 31, 2020 Goodwill 3,291,557 875,220 600,487 4,767,264 Accumulated impairment losses (761,448 ) (175,473 ) (156,585 ) (1,093,506 ) $ 2,530,109 $ 699,747 $ 443,902 $ 3,673,758

Investments in Unconsolidated S

Investments in Unconsolidated Subsidiaries	3 Months Ended
	Mar. 31, 2020
Equity Method Investments And Joint Ventures [Abstract]
Investments in Unconsolidated Subsidiaries	8 . 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 50.0%. Combined condensed financial information for the entities accounted for using the equity method is as follows (dollars in thousands): Three Months Ended March 31, 2020 2019 Revenue $ 411,251 $ 365,125 Operating income 174,534 94,621 Net income 104,528 48,928

Long-Term Debt and Short-Term B

Long-Term Debt and Short-Term Borrowings	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt and Short-Term Borrowings	9 . Long-Term Debt Long-term debt consists of the following (dollars in thousands): March 31, December 31, 2020 2019 Senior term loans, with interest ranging from 0.75% to 2.69%, due quarterly through 2024 $ 741,306 $ 748,531 4.875% senior notes due in 2026, net of unamortized discount 597,154 597,052 5.25% senior notes due in 2025, net of unamortized premium 425,906 425,952 Other 1,718 1,861 Total long-term debt 1,766,084 1,773,396 Less: current maturities of long-term debt (1,718 ) (1,814 ) Less: unamortized debt issuance costs (9,848 ) (10,337 ) Total long-term debt, net of current maturities $ 1,754,518 $ 1,761,245 We maintain credit facilities with third-party lenders, which we use for a variety of purposes. On March 4, 2019, CBRE Services, Inc. (CBRE Services) entered into an incremental assumption agreement with respect to its credit agreement, dated October 31, 2017 (such credit agreement, as amended by a December 20, 2018 incremental loan assumption agreement and such March 4, 2019 incremental assumption agreement, the 2019 Credit Agreement), which (i) extended the maturity of the U.S. dollar tranche A term loans under such credit agreement, (ii) extended the termination date of the revolving credit commitments available under such credit agreement and (iii) made certain changes to the interest rates and fees applicable to such tranche A term loans and revolving credit commitments under such credit agreement. The proceeds from the new tranche A term loan facility under the 2019 Credit Agreement were used to repay the $300.0 million of tranche A term loans outstanding under the credit agreement in effect prior to the entry into the 2019 incremental assumption agreement. The 2019 Credit Agreement is a senior unsecured credit facility that is jointly and severally guaranteed by us and certain of our subsidiaries. As of March 31, 2020, the 2019 Credit Agreement provided for the following: (1) a $2.8 billion incremental revolving credit facility, which includes the capacity to obtain letters of credit and swingline loans and terminates on March 4, 2024; (2) a $300.0 million incremental tranche A term loan facility maturing on March 4, 2024, requiring quarterly principal payments unless our leverage ratio (as defined in the 2019 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 and (3) a €400.0 million term loan facility due and payable in full at maturity on December 20, 2023. The indentures governing our 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, enter into sale/leaseback transactions and enter into consolidations or mergers. In addition, these indentures require that the 4.875% senior notes and 5.25% senior notes be jointly and severally guaranteed on a senior basis by CBRE Group, Inc. and each domestic subsidiary of CBRE Services that guarantees our 2019 Credit Agreement. Our 2019 Credit Agreement also requires us to maintain a minimum coverage ratio of consolidated EBITDA (as defined in the 2019 Credit Agreement) to consolidated interest expense of 2.00x and a maximum leverage ratio of total debt less available cash to consolidated EBITDA (as defined in the 2019 Credit Agreement) of 4.25x (and in the case of the first four full fiscal quarters following consummation of a qualified acquisition (as defined in the 2019 Credit Agreement), 4.75x) as of the end of each fiscal quarter. On this basis, our coverage ratio of consolidated EBITDA to consolidated interest expense was 22.47x for the trailing twelve months ended March 31, 2020, and our leverage ratio of total debt less available cash to consolidated EBITDA was 0.60x as of March 31, 2020. Short-Term Borrowings Revolving Credit Facility The revolving credit facility under the 2019 Credit Agreement allows for borrowings outside of the U.S., with a $200.0 million sub-facility available to CBRE Services, 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 CBRE Services and 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 0.680% 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 2019 Credit Agreement). The 2019 Credit Agreement requires us to pay a fee based on the total amount of the revolving credit facility commitment (whether used or unused). As of March 31, 2020, no amount was outstanding under the revolving credit facility other than letters of credit totaling $2.0 million. These letters of credit, which reduce the amount we may borrow under the revolving credit facility, were primarily issued in the ordinary course of business. 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 4 for additional information.

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	1 0 . Leases We are the lessee in contracts for our office space tenancies, for leased vehicles and for our wholly-owned subsidiary Hana. These arrangements account for the significant portion of our lease liabilities and right-of-use assets. We continually monitor our service arrangements to evaluate whether they meet the definition of a lease. Supplemental balance sheet information related to our leases is as follows (dollars in thousands): March 31, December 31, Category Classification 2020 2019 Assets Operating lease assets Operating lease assets $ 997,793 $ 997,966 Financing lease assets Other assets, net 98,437 94,141 Total leased assets $ 1,096,230 $ 1,092,107 Liabilities Current: Operating Operating lease liabilities $ 183,159 $ 168,663 Financing Other current liabilities 36,916 34,966 Non-current: Operating Non-current operating lease liabilities 1,045,708 1,057,758 Financing Other liabilities 63,016 60,001 Total lease liabilities $ 1,328,799 $ 1,321,388 Supplemental cash flow information and non-cash activity related to our operating leases are as follows (dollars in thousands): Three Months Ended March 31, 2020 2019 Right-of-use assets obtained in exchange for new operating lease liabilities $ 61,310 $ 47,467 Right-of-use assets obtained in exchange for new financing lease liabilities 14,683 2,668 Other non-cash increases in operating lease right-of-use assets (1) 6,888 1,372 Other non-cash decreases in finance lease right-of-use assets (1) (517 ) — ( 1 ) These noncash increases in right-of-use assets resulted from lease modifications and remeasurements.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	1 1 . 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 therefore 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 typically, 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 $28.8 billion at March 31, 2020. 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 March 31, 2020 and December 31, 2019, CBRE MCI had a $75.0 million and a $72.0 million, respectively, letter of credit under this reserve arrangement, and had recorded a liability of approximately $57.3 million and $37.0 million, respectively, for its loan loss guarantee obligation under such arrangement. Fannie Mae’s recourse under the DUS Program is limited to the assets of CBRE MCI, which assets totaled approximately $629.7 million (including $305.5 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 March 31, 2020. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted in the United States in response to the COVID‑19 pandemic. The CARES Act, among other things, permits borrowers with government-backed mortgages from Government Sponsored Enterprises who are experiencing a financial hardship to obtain forbearance of their loans. For Fannie Mae loans that we service, CBRE MCI is obligated to advance (for a forbearance period up to 90 consecutive days and potentially longer) scheduled principal and interest payments to Fannie Mae, regardless of whether the borrowers actually make the payments. 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. We could potentially be obligated to repurchase any SBL Program loan originated by CBRE Capital Markets that remains in default for 120 days following the forbearance period, if the default occurred during the first 12 months after origination and such loan had not been earlier securitized. In addition, CBRE Capital Markets may be responsible for a loss not to exceed 10% of the original principal amount of any SBL loan that is not securitized and goes into default after the 12-month repurchase period. 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 both March 31, 2020 and December 31, 2019, CBRE Capital Markets had posted a $5.0 million letter of credit under this reserve arrangement. We had outstanding letters of credit totaling $93.8 million as of March 31, 2020, 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. The CBRE Capital Markets letters of credit totaling $80.0 million as of March 31, 2020 referred to in the preceding paragraphs represented the majority of the $93.8 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 April 2021. We had guarantees totaling $77.4 million as of March 31, 2020, 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 $77.4 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 March 31 , 20 20, 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 Real Estate Investments 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. 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 Real Estate Investments 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 March 31, 2020, we had aggregate commitments of $82.5 million to fund these future co-investments. Additionally, an important part of our Real Estate Investments business strategy is to invest in unconsolidated real estate subsidiaries as a principal (in most cases co-investing with our clients). As of March 31, 2020, we had committed to fund $42.7 million of additional capital to these unconsolidated subsidiaries.

Income Per Share and Stockholde

Income Per Share and Stockholders' Equity	3 Months Ended
	Mar. 31, 2020
Earnings Per Share And Stockholders Equity [Abstract]
Income Per Share and Stockholders' Equity	1 2 . 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 March 31, 2020 2019 Basic Income Per Share Net income attributable to CBRE Group, Inc. shareholders $ 172,195 $ 164,409 Weighted average shares outstanding for basic income per share 334,969,826 336,020,431 Basic income per share attributable to CBRE Group, Inc. shareholders $ 0.51 $ 0.49 Diluted Income Per Share Net income attributable to CBRE Group, Inc. shareholders $ 172,195 $ 164,409 Weighted average shares outstanding for basic income per share: 334,969,826 336,020,431 Dilutive effect of contingently issuable shares 4,768,085 4,137,968 Weighted average shares outstanding for diluted income per share 339,737,911 340,158,399 Diluted income per share attributable to CBRE Group, Inc. shareholders $ 0.51 $ 0.48 For the three months ended March 31, 2020 and 2019, 341,359 and 547,676, 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. In October 2016, our board of directors authorized the company to repurchase up to an aggregate of $250.0 million of our Class A common stock over three years. During January 2019, through an existing stock repurchase plan entered into pursuant to Rule 10b5-1 under the Exchange Act (10b5-1 plan), we spent $45.1 million to repurchase 1,144,449 shares of our Class A common stock with an average price paid per share of $39.38. In February 2019, our board of directors authorized a new program for the company to repurchase up to $300.0 million of our Class A common stock over three years, effective March 11, 2019. The previous program terminated upon the effectiveness of the new stock repurchase program. In each of August and November 2019, our board of directors authorized an additional $100.0 million under our new program, bringing the total authorized amount under the new program to a total of $500.0 million. During the year ended December 31, 2019, under the March 2019 program, and through repurchases under a 10b5-1 plan, we spent $100.0 million to repurchase an additional 1,936,458 shares of our Class A common stock with an average price paid per share of $51.64. During the month of March 2020, through repurchases under a 10b5-1 plan, we spent $50.0 million to repurchase an additional 1,050,084 shares of our Class A common stock with an average price paid per share of $47.62. As of March 31, 2020, we had $350.0 million of capacity remaining under our current stock repurchase program.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2020
Revenue From Contract With Customer [Abstract]
Revenue from Contracts with Customers	1 3 . We account for revenue with customers in accordance with FASB ASC Topic, “ Revenue from Contracts with Customers Disaggregated Revenue The following tables represent a disaggregation of revenue from contracts with customers for the three months ended March 31, 2020 and 2019 by type of service and/or segment (dollars in thousands): Three Months Ended March 31, 2020 Advisory Services Global Workplace Solutions Real Estate Investments Consolidated Topic 606 Revenue: Global workplace solutions $ — $ 3,746,174 $ — $ 3,746,174 Advisory leasing 607,111 — — 607,111 Advisory sales 430,956 — — 430,956 Property and advisory project management 565,943 — — 565,943 Valuation 147,752 — — 147,752 Commercial mortgage origination (1) 37,880 — — 37,880 Loan servicing (2) 11,409 — — 11,409 Investment management — — 121,678 121,678 Development services — — 76,226 76,226 Topic 606 Revenue 1,801,051 3,746,174 197,904 5,745,129 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 85,202 — — 85,202 Loan servicing 45,271 — — 45,271 Development services (3) — — 13,566 13,566 Total Out of Scope of Topic 606 Revenue 130,473 — 13,566 144,039 Total revenue $ 1,931,524 $ 3,746,174 $ 211,470 $ 5,889,168 Three Months Ended March 31, 2019 Advisory Services Global Workplace Solutions Real Estate Investments Consolidated Topic 606 Revenue: Global workplace solutions $ — $ 3,165,915 $ — $ 3,165,915 Advisory leasing 622,640 — — 622,640 Advisory sales 385,655 — — 385,655 Property and advisory project management 520,884 — — 520,884 Valuation 138,326 — — 138,326 Commercial mortgage origination (1) 23,573 — — 23,573 Loan servicing (2) 6,986 — — 6,986 Investment management — — 106,308 106,308 Development services — — 28,885 28,885 Topic 606 Revenue 1,698,064 3,165,915 135,193 4,999,172 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 97,306 — — 97,306 Loan servicing 39,032 — — 39,032 Total Out of Scope of Topic 606 Revenue 136,338 — — 136,338 Total revenue $ 1,834,402 $ 3,165,915 $ 135,193 $ 5,135,510 (1) We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606. (2) Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606. (3) Out of scope revenue for development services represents selling profit from transfers of sales-type leases in the scope of Topic 842. Contract Assets and Liabilities We had contract assets totaling $530.7 million ($330.0 million of which was current) and $529.8 million ($328.0 million of which was current) as of March 31, 2020 and December 31, 2019, respectively. We had contract liabilities totaling $113.7 million ($107.0 million of which was current) and $115.0 million ($108.7 million of which was current) as of March 31, 2020 and December 31, 2019, respectively. During the three months ended March 31, 2020, we recognized revenue of $63.2 million that was included in the contract liability balance at December 31, 2019.

Segments

Segments	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segments	1 4 . We organize our operations around, and publicly report our financial results on, three global business segments: (1) Advisory Services; (2) Global Workplace Solutions and (3) Real Estate Investments. Advisory Services provides a comprehensive range of services globally, including property leasing, property sales, mortgage services, property management, project management and valuation. Global Workplace Solutions provides a broad suite of integrated, contractually-based outsourcing services to occupiers of real estate, including facilities management, project management and transaction services. Real Estate Investments includes: (i) investment management services provided globally; (ii) development services in the U.S. and U.K. and (iii) flexible office space solutions. Summarized financial information by segment is as follows (dollars in thousands): Three Months Ended March 31, 2020 2019 Revenue Advisory Services $ 1,931,524 $ 1,834,402 Global Workplace Solutions 3,746,174 3,165,915 Real Estate Investments 211,470 135,193 Total revenue $ 5,889,168 $ 5,135,510 Adjusted EBITDA Advisory Services $ 292,654 $ 263,850 Global Workplace Solutions 99,298 99,679 Real Estate Investments 38,399 86,503 Total Adjusted EBITDA $ 430,351 $ 450,032 Adjusted EBITDA is the measure reported to the chief operating decision maker (CODM) for purposes of making decisions about allocating resources to each segment and assessing performance of each segment. EBITDA represents earnings before net interest expense, write-off of financing costs on extinguished debt, income taxes, depreciation and amortization and asset impairments. Amounts shown for adjusted EBITDA further remove (from EBITDA) the impact of certain cash and non-cash items related to acquisitions, certain carried interest incentive compensation (reversal) expense to align with the timing of associated revenue, costs associated with our reorganization, including cost-savings initiatives, and other non-recurring costs. Adjusted EBITDA is calculated as follows (dollars in thousands): Three Months Ended March 31, 2020 2019 Net income attributable to CBRE Group, Inc. $ 172,195 $ 164,409 Add: Depreciation and amortization 113,794 105,823 Asset impairments 75,171 89,037 Interest expense, net of interest income 16,016 21,192 Write-off of financing costs on extinguished debt — 2,608 Provision for income taxes 51,182 43,878 EBITDA 428,358 426,947 Adjustments: Impact of fair value adjustments to real estate assets acquired in the Telford Acquisition (purchase accounting) that were sold in period 5,753 — Costs incurred related to legal entity restructuring 3,241 — Integration and other costs related to acquisitions 783 — Carried interest incentive compensation (reversal) expense to align with the timing of associated revenue (7,784 ) 7,336 Costs associated with our reorganization, including cost-savings initiatives (1) — 15,749 Adjusted EBITDA $ 430,351 $ 450,032 (1) Primarily represents severance costs related to headcount reductions in connection with our reorganization announced in the third quarter of 2018 that became effective January 1, 2019. Our CODM is not provided with total asset information by segment and accordingly, does not measure or allocate total assets on a segment basis. As a result, we have not disclosed any asset information by segment. Geographic Information Revenue in the table below is allocated based upon the country in which services are performed (dollars in thousands): Three Months Ended March 31, 2020 2019 Revenue United States $ 3,380,563 $ 3,036,707 United Kingdom 774,015 588,581 All other countries 1,734,590 1,510,222 Total revenue $ 5,889,168 $ 5,135,510

Warehouse Receivables & Wareh_2

Warehouse Receivables & Warehouse Lines of Credit (Tables)	3 Months Ended
	Mar. 31, 2020
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 December 31, 2019 $ 993,058 Origination of mortgage loans 3,859,407 Gains (premiums on loan sales) 16,294 Proceeds from sale of mortgage loans: Sale of mortgage loans (3,579,337 ) Cash collections of premiums on loan sales (16,294 ) Proceeds from sale of mortgage loans (3,595,631 ) Net increase in mortgage servicing rights included in warehouse receivables 131 Ending balance at March 31, 2020 $ 1,273,259
Summary of Warehouse Lines of Credit in Place	The following table is a summary of our warehouse lines of credit in place as of March 31, 2020 and December 31, 2019 (dollars in thousands): March 31, 2020 December 31, 2019 Lender Current Maturity Pricing Maximum Facility Size Carrying Value Maximum Facility Size Carrying Value JP Morgan Chase Bank, N.A. (JP Morgan) 10/19/2020 daily one-month LIBOR plus 1.30% $ 985,000 $ 814,604 $ 985,000 $ 267,075 JP Morgan 10/19/2020 daily one-month LIBOR plus 2.75% 15,000 3,923 15,000 — Capital One, N.A. (Capital One) 7/27/2020 daily one-month LIBOR plus 1.25% 200,000 54,975 200,000 39,538 Fannie Mae Multifamily As Soon As Pooled Plus Agreement and Multifamily As Soon As Pooled Sale Agreement (ASAP) Program Cancelable anytime daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35% 450,000 31,300 450,000 360,784 TD Bank, N.A. (TD Bank) 6/30/2020 daily one-month LIBOR plus 1.15% 800,000 114,806 800,000 92,266 Bank of America, N.A. (BofA) 5/27/2020 daily one-month LIBOR plus 1.20% 350,000 86,779 350,000 189,465 BofA 5/27/2020 daily one-month LIBOR plus 1.15% 250,000 — 250,000 17,457 MUFG Union Bank, N.A. (Union Bank) (1) 6/28/2020 daily one-month LIBOR plus 1.20% 350,000 152,445 350,000 10,590 $ 3,400,000 $ 1,258,832 $ 3,400,000 $ 977,175 (1) On June 28, 2019, we added a new warehouse facility for $200.0 million with Union Bank. This facility contains an accordion feature which allows for temporary increases not to exceed an additional $150.0 million. If utilized, the additional borrowings must be in predefined multiples and are not to occur more than three times within twelve consecutive months. Since inception, no short-term temporary increases have been requested.

Variable Interest Entities (V_2

Variable Interest Entities (VIEs) (Tables)	3 Months Ended
	Mar. 31, 2020
Equity Method Investments And Joint Ventures [Abstract]
Schedule of Maximum Exposure to Loss	As of March 31, 2020 and December 31, 2019, our maximum exposure to loss related to VIEs which are not consolidated was as follows (dollars in thousands): March 31, December 31, 2020 2019 Investments in unconsolidated subsidiaries $ 40,942 $ 30,484 Other current assets 4,460 4,307 Co-investment commitments 41,430 29,696 Maximum exposure to loss $ 86,832 $ 64,487

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019 (dollars in thousands): As of March 31, 2020 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 6,531 $ — $ — $ 6,531 Debt securities issued by U.S. federal agencies — 10,555 — 10,555 Corporate debt securities — 30,722 — 30,722 Asset-backed securities — 4,736 — 4,736 Collateralized mortgage obligations — 2,149 — 2,149 Total available for sale debt securities 6,531 48,162 — 54,693 Equity securities 46,879 — — 46,879 Investments in unconsolidated subsidiaries 55,769 — — 55,769 Warehouse receivables — 1,273,259 — 1,273,259 Total assets at fair value $ 109,179 $ 1,321,421 $ — $ 1,430,600 As of December 31, 2019 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 6,998 $ — $ — $ 6,998 Debt securities issued by U.S. federal agencies — 10,639 — 10,639 Corporate debt securities — 29,098 — 29,098 Asset-backed securities — 5,152 — 5,152 Collateralized mortgage obligations — 2,222 — 2,222 Total available for sale debt securities 6,998 47,111 — 54,109 Equity securities 51,399 — — 51,399 Warehouse receivables — 993,058 — 993,058 Total assets at fair value $ 58,397 $ 1,040,169 $ — $ 1,098,566
Summary of Non-Recurring Fair Value Measurement	The following non-recurring fair value measurements were recorded for the three months ended March 31, 2020 (dollars in thousands): Total Impairment Charges Net Carrying Value Fair Value Measured and for the as of Recorded Using Three Months Ended March 31, 2020 Level 1 Level 2 Level 3 March 31, 2020 Property and equipment $ 10,185 $ — $ — $ 10,185 $ 21,663 Goodwill 418,861 — — 418,861 25,000 Other intangible assets 13,403 — — 13,403 28,508 Total $ 442,449 $ — $ — $ 442,449 $ 75,171 The following non-recurring fair value measurement was recorded for the three months ended March 31, 2019 (dollars in thousands): Total Impairment Charges Net Carrying Value Fair Value Measured and for the as of Recorded Using Three Months Ended March 31, 2019 Level 1 Level 2 Level 3 March 31, 2019 Other intangible assets $ 16,000 $ — $ — $ 16,000 $ 89,037

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Changes in Goodwill by Segment	The following table summarizes our change in carrying amount of goodwill for the three months ended March 31, 2020 (dollars in thousands): Advisory Services Global Workplace Solutions Real Estate Investments Consolidated Balance as of December 31, 2019 Goodwill $ 3,302,218 $ 899,506 $ 620,275 $ 4,821,999 Accumulated impairment losses (761,448 ) (175,473 ) (131,585 ) (1,068,506 ) 2,540,770 724,033 488,690 3,753,493 Impairment loss — — (25,000 ) (25,000 ) Purchase accounting entries related to acquisitions 16,276 11,483 (9,084 ) 18,675 Foreign exchange movement (26,937 ) (35,769 ) (10,704 ) (73,410 ) Balance as of March 31, 2020 Goodwill 3,291,557 875,220 600,487 4,767,264 Accumulated impairment losses (761,448 ) (175,473 ) (156,585 ) (1,093,506 ) $ 2,530,109 $ 699,747 $ 443,902 $ 3,673,758

Investments in Unconsolidated_2

Investments in Unconsolidated Subsidiaries (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 2019 Revenue $ 411,251 $ 365,125 Operating income 174,534 94,621 Net income 104,528 48,928

Long-Term Debt and Short-Term_2

Long-Term Debt and Short-Term Borrowings (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following (dollars in thousands): March 31, December 31, 2020 2019 Senior term loans, with interest ranging from 0.75% to 2.69%, due quarterly through 2024 $ 741,306 $ 748,531 4.875% senior notes due in 2026, net of unamortized discount 597,154 597,052 5.25% senior notes due in 2025, net of unamortized premium 425,906 425,952 Other 1,718 1,861 Total long-term debt 1,766,084 1,773,396 Less: current maturities of long-term debt (1,718 ) (1,814 ) Less: unamortized debt issuance costs (9,848 ) (10,337 ) Total long-term debt, net of current maturities $ 1,754,518 $ 1,761,245

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to our leases is as follows (dollars in thousands): March 31, December 31, Category Classification 2020 2019 Assets Operating lease assets Operating lease assets $ 997,793 $ 997,966 Financing lease assets Other assets, net 98,437 94,141 Total leased assets $ 1,096,230 $ 1,092,107 Liabilities Current: Operating Operating lease liabilities $ 183,159 $ 168,663 Financing Other current liabilities 36,916 34,966 Non-current: Operating Non-current operating lease liabilities 1,045,708 1,057,758 Financing Other liabilities 63,016 60,001 Total lease liabilities $ 1,328,799 $ 1,321,388
Supplemental Cash Flow Information and Non-Cash Activity Related to Operating Leases	Supplemental cash flow information and non-cash activity related to our operating leases are as follows (dollars in thousands): Three Months Ended March 31, 2020 2019 Right-of-use assets obtained in exchange for new operating lease liabilities $ 61,310 $ 47,467 Right-of-use assets obtained in exchange for new financing lease liabilities 14,683 2,668 Other non-cash increases in operating lease right-of-use assets (1) 6,888 1,372 Other non-cash decreases in finance lease right-of-use assets (1) (517 ) — ( 1 ) These noncash increases in right-of-use assets resulted from lease modifications and remeasurements.

Income Per Share and Stockhol_2

Income Per Share and Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share And Stockholders Equity [Abstract]
Calculations 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 March 31, 2020 2019 Basic Income Per Share Net income attributable to CBRE Group, Inc. shareholders $ 172,195 $ 164,409 Weighted average shares outstanding for basic income per share 334,969,826 336,020,431 Basic income per share attributable to CBRE Group, Inc. shareholders $ 0.51 $ 0.49 Diluted Income Per Share Net income attributable to CBRE Group, Inc. shareholders $ 172,195 $ 164,409 Weighted average shares outstanding for basic income per share: 334,969,826 336,020,431 Dilutive effect of contingently issuable shares 4,768,085 4,137,968 Weighted average shares outstanding for diluted income per share 339,737,911 340,158,399 Diluted income per share attributable to CBRE Group, Inc. shareholders $ 0.51 $ 0.48

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue From Contract With Customer [Abstract]
Disaggregation of Revenue from Contracts with Customers	The following tables represent a disaggregation of revenue from contracts with customers for the three months ended March 31, 2020 and 2019 by type of service and/or segment (dollars in thousands): Three Months Ended March 31, 2020 Advisory Services Global Workplace Solutions Real Estate Investments Consolidated Topic 606 Revenue: Global workplace solutions $ — $ 3,746,174 $ — $ 3,746,174 Advisory leasing 607,111 — — 607,111 Advisory sales 430,956 — — 430,956 Property and advisory project management 565,943 — — 565,943 Valuation 147,752 — — 147,752 Commercial mortgage origination (1) 37,880 — — 37,880 Loan servicing (2) 11,409 — — 11,409 Investment management — — 121,678 121,678 Development services — — 76,226 76,226 Topic 606 Revenue 1,801,051 3,746,174 197,904 5,745,129 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 85,202 — — 85,202 Loan servicing 45,271 — — 45,271 Development services (3) — — 13,566 13,566 Total Out of Scope of Topic 606 Revenue 130,473 — 13,566 144,039 Total revenue $ 1,931,524 $ 3,746,174 $ 211,470 $ 5,889,168 Three Months Ended March 31, 2019 Advisory Services Global Workplace Solutions Real Estate Investments Consolidated Topic 606 Revenue: Global workplace solutions $ — $ 3,165,915 $ — $ 3,165,915 Advisory leasing 622,640 — — 622,640 Advisory sales 385,655 — — 385,655 Property and advisory project management 520,884 — — 520,884 Valuation 138,326 — — 138,326 Commercial mortgage origination (1) 23,573 — — 23,573 Loan servicing (2) 6,986 — — 6,986 Investment management — — 106,308 106,308 Development services — — 28,885 28,885 Topic 606 Revenue 1,698,064 3,165,915 135,193 4,999,172 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 97,306 — — 97,306 Loan servicing 39,032 — — 39,032 Total Out of Scope of Topic 606 Revenue 136,338 — — 136,338 Total revenue $ 1,834,402 $ 3,165,915 $ 135,193 $ 5,135,510 (1) We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606. (2) Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606. (3) Out of scope revenue for development services represents selling profit from transfers of sales-type leases in the scope of Topic 842.

Segments (Tables)

Segments (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Summarized Financial Information by Segment	Summarized financial information by segment is as follows (dollars in thousands): Three Months Ended March 31, 2020 2019 Revenue Advisory Services $ 1,931,524 $ 1,834,402 Global Workplace Solutions 3,746,174 3,165,915 Real Estate Investments 211,470 135,193 Total revenue $ 5,889,168 $ 5,135,510 Adjusted EBITDA Advisory Services $ 292,654 $ 263,850 Global Workplace Solutions 99,298 99,679 Real Estate Investments 38,399 86,503 Total Adjusted EBITDA $ 430,351 $ 450,032
Adjusted EBITDA Calculation by Segment	Adjusted EBITDA is calculated as follows (dollars in thousands): Three Months Ended March 31, 2020 2019 Net income attributable to CBRE Group, Inc. $ 172,195 $ 164,409 Add: Depreciation and amortization 113,794 105,823 Asset impairments 75,171 89,037 Interest expense, net of interest income 16,016 21,192 Write-off of financing costs on extinguished debt — 2,608 Provision for income taxes 51,182 43,878 EBITDA 428,358 426,947 Adjustments: Impact of fair value adjustments to real estate assets acquired in the Telford Acquisition (purchase accounting) that were sold in period 5,753 — Costs incurred related to legal entity restructuring 3,241 — Integration and other costs related to acquisitions 783 — Carried interest incentive compensation (reversal) expense to align with the timing of associated revenue (7,784 ) 7,336 Costs associated with our reorganization, including cost-savings initiatives (1) — 15,749 Adjusted EBITDA $ 430,351 $ 450,032 (1) Primarily represents severance costs related to headcount reductions in connection with our reorganization announced in the third quarter of 2018 that became effective January 1, 2019.
Summary of Geographic Information	Revenue in the table below is allocated based upon the country in which services are performed (dollars in thousands): Three Months Ended March 31, 2020 2019 Revenue United States $ 3,380,563 $ 3,036,707 United Kingdom 774,015 588,581 All other countries 1,734,590 1,510,222 Total revenue $ 5,889,168 $ 5,135,510

Telford Acquisition - Additiona

Telford Acquisition - Additional Information (Detail) - Oct. 01, 2019 - Telford Homes Plc [Member] £ / shares in Units, £ in Millions, $ in Millions	USD ($)	GBP (£)£ / shares
Business Acquisition [Line Items]
Date of business purchase agreement	Oct. 1, 2019
Share price		£ 3.50
Business combination, cash consideration	$ 328.5	£ 267.1

Warehouse Receivables & Wareh_3

Warehouse Receivables & Warehouse Lines of Credit - Additional Information (Detail) - Warehouse Agreement Borrowings [Member]	3 Months Ended
	Mar. 31, 2020USD ($)
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Period of repayment for warehouse lines of credit	1 month
Lines of credit principal outstanding	$ 1,800,000,000

Warehouse Receivables & Wareh_4

Warehouse Receivables & Warehouse Lines of Credit - Schedule of Warehouse Receivables (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Warehouse Receivables And Warehouse Lines Of Credit [Abstract]
Beginning balance at December 31, 2019	$ 993,058
Origination of mortgage loans	3,859,407	$ 4,646,348
Gains (premiums on loan sales)	16,294
Proceeds from sale of mortgage loans:
Sale of mortgage loans	(3,579,337)
Cash collections of premiums on loan sales	(16,294)
Proceeds from sale of mortgage loans	(3,595,631)	$ (4,453,797)
Net increase in mortgage servicing rights included in warehouse receivables	131
Ending balance at March 31, 2020	$ 1,273,259

Warehouse Receivables & Wareh_5

Warehouse Receivables & Warehouse Lines of Credit - Summary of Warehouse Lines of Credit in Place (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Jun. 28, 2019
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Carrying Value	$ 1,258,832,000	$ 977,175,000
Warehouse Agreement Borrowings [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Maximum Facility Size	3,400,000,000	3,400,000,000
Carrying Value	$ 1,258,832,000	977,175,000
Warehouse Agreement Borrowings [Member] | JP Morgan [Member] | Pricing at daily one-month LIBOR plus 1.30%, maturing October 21, 2019 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Oct. 19, 2020
Maximum Facility Size	$ 985,000,000	985,000,000
Carrying Value	$ 814,604,000	$ 267,075,000
Line of credit over LIBOR rate	1.30%	1.30%
Warehouse Agreement Borrowings [Member] | JP Morgan [Member] | Pricing at daily one-month LIBOR plus 2.75%, maturing October 21, 2019 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Oct. 19, 2020
Maximum Facility Size	$ 15,000,000	$ 15,000,000
Carrying Value	$ 3,923,000
Line of credit over LIBOR rate	2.75%	2.75%
Warehouse Agreement Borrowings [Member] | Capital One [Member] | Pricing at daily one-month LIBOR plus 1.25%, maturing July 27, 2020 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Jul. 27, 2020
Maximum Facility Size	$ 200,000,000	$ 200,000,000
Carrying Value	$ 54,975,000	$ 39,538,000
Line of credit over LIBOR rate	1.25%	1.25%
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]
Current Maturity	Cancelable anytime
Maximum Facility Size	$ 450,000,000	$ 450,000,000
Carrying Value	$ 31,300,000	$ 360,784,000
Line of credit over LIBOR rate	1.35%	1.35%
Line of credit, LIBOR floor rate	0.35%	0.35%
Warehouse Agreement Borrowings [Member] | TD Bank [Member] | Pricing at daily one-month LIBOR plus 1.15%, maturing June 30, 2020 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Jun. 30, 2020
Maximum Facility Size	$ 800,000,000	$ 800,000,000
Carrying Value	$ 114,806,000	$ 92,266,000
Line of credit over LIBOR rate	1.15%	1.15%
Warehouse Agreement Borrowings [Member] | Bank of America (BofA) [Member] | Pricing at daily one-month LIBOR plus 1.20%, maturing May 27, 2020 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	May 27, 2020
Maximum Facility Size	$ 350,000,000	$ 350,000,000
Carrying Value	$ 86,779,000	$ 189,465,000
Line of credit over LIBOR rate	1.20%	1.20%
Warehouse Agreement Borrowings [Member] | Bank of America (BofA) [Member] | Pricing at daily one-month LIBOR plus 1.15%, maturing May 27, 2020 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	May 27, 2020
Maximum Facility Size	$ 250,000,000	$ 250,000,000
Carrying Value		$ 17,457,000
Line of credit over LIBOR rate	1.15%	1.15%
Warehouse Agreement Borrowings [Member] | MUFG Union Bank, N.A. (Union Bank) [Member] | Pricing at daily one-month LIBOR plus 1.20%, maturing June 28, 2020 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Jun. 28, 2020
Maximum Facility Size	$ 350,000,000	$ 350,000,000	$ 200,000,000
Carrying Value	$ 152,445,000	$ 10,590,000
Line of credit over LIBOR rate	1.20%	1.20%

Warehouse Receivables & Wareh_6

Warehouse Receivables & Warehouse Lines of Credit - Summary of Warehouse Lines of Credit in Place (Parenthetical) (Detail) - Warehouse Agreement Borrowings [Member] - USD ($)	Mar. 31, 2020	Dec. 31, 2019	Jun. 28, 2019
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Maximum Facility Size	$ 3,400,000,000	$ 3,400,000,000
MUFG Union Bank, N.A. (Union Bank) [Member] | Pricing at daily one-month LIBOR plus 1.20%, maturing June 28, 2020 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Maximum Facility Size	$ 350,000,000	$ 350,000,000	$ 200,000,000
MUFG Union Bank, N.A. (Union Bank) [Member] | Pricing at daily one-month LIBOR plus 1.20%, maturing June 28, 2020 [Member] | Maximum [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Additional line of credit			$ 150,000,000

Variable Interest Entities (V_3

Variable Interest Entities (VIEs) - Schedule of Maximum Exposure to Loss (Detail) - Non-Consolidated Variable Interest Entities [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Investments in unconsolidated subsidiaries	$ 40,942	$ 30,484
Other current assets	4,460	4,307
Co-investment commitments	41,430	29,696
Maximum exposure to loss	$ 86,832	$ 64,487

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments in unconsolidated subsidiaries at fair value using NAV	$ 58,400		$ 45,200
Non-cash asset impairment charges	$ 75,171	$ 89,037
Intangible asset impairment		$ 89,000
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%
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%
Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior term loans	$ 708,800		$ 745,500
Estimated Fair Value [Member] | 4.875% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	620,400		670,700
Estimated Fair Value [Member] | 5.25% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	459,200		478,300
Actual Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior term loans	737,600		744,600
Actual Carrying Value [Member] | 4.875% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	593,900		593,600
Actual Carrying Value [Member] | 5.25% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	423,100		$ 423,000
Global Workplace Solutions [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Non-cash asset impairment charges	50,200
Real Estate Investments [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Non-cash goodwill impairment charge	$ 25,000

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warehouse receivables	$ 1,273,259	$ 993,058
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	54,693	54,109
Equity securities	46,879	51,399
Investments in unconsolidated subsidiaries	55,769
Warehouse receivables	1,273,259	993,058
Total assets at fair value	1,430,600	1,098,566
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 debt securities	6,531	6,998
Equity securities	46,879	51,399
Investments in unconsolidated subsidiaries	55,769
Total assets at fair value	109,179	58,397
Recurring [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	48,162	47,111
Warehouse receivables	1,273,259	993,058
Total assets at fair value	1,321,421	1,040,169
Recurring [Member] | U.S. treasury securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	6,531	6,998
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 debt securities	6,531	6,998
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 debt securities	10,555	10,639
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 debt securities	10,555	10,639
Recurring [Member] | Corporate debt securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	30,722	29,098
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 debt securities	30,722	29,098
Recurring [Member] | Asset-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	4,736	5,152
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 debt securities	4,736	5,152
Recurring [Member] | Collateralized mortgage obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	2,149	2,222
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 debt securities	$ 2,149	$ 2,222

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Non-Recurring Fair Value Measurement (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Property and equipment, net	$ 800,869		$ 836,206
Goodwill, Net Carrying Value	3,673,758		3,753,493
Other intangible assets, Net Carrying Value	1,339,786		1,379,546
Other intangible assets, Total Impairment Charges		$ 89,000
Net Carrying Value	15,680,264		$ 16,197,196
Total Impairment Charges	75,171	89,037
Fair Value Measurements, Non-recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Property and equipment, net	10,185
Property and equipment, Total Impairment Charges	21,663
Goodwill, Net Carrying Value	418,861
Goodwill, Total Impairment Charges	25,000
Other intangible assets, Net Carrying Value	13,403	16,000
Other intangible assets, Total Impairment Charges	28,508	89,037
Net Carrying Value	442,449
Total Impairment Charges	75,171
Fair Value Measurements, Non-recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Property and equipment, Fair Value Measured and Recorded Using	10,185
Goodwill, Fair Value Measured and Recorded Using	418,861
Other intangible assets, Fair Value Measured and Recorded Using	13,403	$ 16,000
Fair Value Measured and Recorded Using	$ 442,449

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Business Combinations [Abstract]
Non-cash Impairment charge	$ 25,000

Goodwill - Schedule of Changes

Goodwill - Schedule of Changes in Goodwill by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Goodwill [Line Items]
Goodwill Gross	$ 4,767,264	$ 4,821,999
Accumulated impairment losses	(1,093,506)	(1,068,506)
Goodwill, Net of impairment losses	3,753,493
Impairment loss	(25,000)
Purchase accounting entries related to acquisitions	18,675
Foreign exchange movement	(73,410)
Goodwill, Net of impairment losses	3,673,758
Advisory Services [Member]
Goodwill [Line Items]
Goodwill Gross	3,291,557	3,302,218
Accumulated impairment losses	(761,448)	(761,448)
Goodwill, Net of impairment losses	2,540,770
Purchase accounting entries related to acquisitions	16,276
Foreign exchange movement	(26,937)
Goodwill, Net of impairment losses	2,530,109
Global Workspace Solutions [Member]
Goodwill [Line Items]
Goodwill Gross	875,220	899,506
Accumulated impairment losses	(175,473)	(175,473)
Goodwill, Net of impairment losses	724,033
Purchase accounting entries related to acquisitions	11,483
Foreign exchange movement	(35,769)
Goodwill, Net of impairment losses	699,747
Real Estate Investments [Member]
Goodwill [Line Items]
Goodwill Gross	600,487	620,275
Accumulated impairment losses	(156,585)	$ (131,585)
Goodwill, Net of impairment losses	488,690
Impairment loss	(25,000)
Purchase accounting entries related to acquisitions	(9,084)
Foreign exchange movement	(10,704)
Goodwill, Net of impairment losses	$ 443,902

Investments in Unconsolidated_3

Investments in Unconsolidated Subsidiaries - Additional Information (Detail)	Mar. 31, 2020
Maximum [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method investments in unconsolidated subsidiaries, variations in ownership percentage	50.00%

Investments in Unconsolidated_4

Investments in Unconsolidated Subsidiaries - Schedule of Condensed Financial Information of Equity Method Investments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Equity Method Investments And Joint Ventures [Abstract]
Revenue	$ 411,251	$ 365,125
Operating income	174,534	94,621
Net income	$ 104,528	$ 48,928

Long-Term Debt and Short-Term_3

Long-Term Debt and Short-Term Borrowings - Schedule of Long-Term Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total long-term debt	$ 1,766,084	$ 1,773,396
Less: current maturities of long-term debt	(1,718)	(1,814)
Less: unamortized debt issuance costs	(9,848)	(10,337)
Total long-term debt, net of current maturities	1,754,518	1,761,245
Senior secured term loans [Member]
Debt Instrument [Line Items]
Total long-term debt	741,306	748,531
Other Long Term Debt [Member]
Debt Instrument [Line Items]
Total long-term debt	1,718	1,861
4.875% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term debt	597,154	597,052
5.25% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term debt	$ 425,906	$ 425,952

Long-Term Debt and Short-Term_4

Long-Term Debt and Short-Term Borrowings - Schedule of Long-Term Debt (Parenthetical) (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Senior secured term loans [Member]
Debt Instrument [Line Items]
Due date of debt instrument	2024	2024
Senior secured term loans [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	0.75%	0.75%
Senior secured term loans [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	2.69%	2.69%
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 debt instrument	2026	2026
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 debt instrument	2025	2025

Long-Term Debt and Short-Term_5

Long-Term Debt and Short-Term Borrowings - Long-Term Debt - Additional Information (Detail)	Oct. 31, 2017USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2020EUR (€)	Dec. 31, 2019
Debt Instrument [Line Items]
Borrowings from line of credit		$ 331,671,000	$ 507,000,000
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%
Maximum leverage ratio during first four quarter that qualified acquisition is consummated		475.00%
Coverage ratio of EBITDA to total interest expense expressed in percentage		2247.00%		2247.00%
Leverage ratio of total debt less available cash to EBITDA expressed in percentage		60.00%		60.00%
4.875% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt		4.875%		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%
Tranche A term loan facility [Member] | 2019 Credit Agreement [Member]
Debt Instrument [Line Items]
Borrowings from line of credit	$ 300,000,000
Amounts available to borrow under credit agreement		$ 300,000,000
Termination date		Mar. 4, 2024
Maximum leverage ratio		250.00%
Revolving credit facility [Member] | 2019 Credit Agreement [Member]
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement		$ 2,800,000,000
Termination date		Mar. 4, 2024
Euro term loan facility [Member] | 2019 Credit Agreement [Member]
Debt Instrument [Line Items]
Term loan facility due and payable | €				€ 400,000,000
Debt instrument, maturity date		Dec. 20, 2023

Long-Term Debt and Short-Term_6

Long-Term Debt and Short-Term Borrowings - Revolving Credit Facility - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2020USD ($)
Debt Instrument [Line Items]
Letters of credit outstanding amount	$ 93,800,000
2019 Credit Agreement [Member] | Revolving credit facility [Member]
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement	2,800,000,000
Revolving credit facility	0
Letters of credit outstanding amount	$ 2,000,000
2019 Credit Agreement [Member] | Revolving credit facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread	0.68%
Credit Agreement applicable daily rate spread	0.00%
2019 Credit Agreement [Member] | Revolving credit facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread	1.075%
Credit Agreement applicable daily rate spread	0.075%
2019 Credit Agreement [Member] | Canadian, Australian and New Zealand subsidiaries [Member]
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement	$ 200,000,000
2019 Credit Agreement [Member] | U.K. subsidiaries [Member]
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement	$ 300,000,000

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related to Leases (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Operating lease assets	$ 997,793	$ 997,966
Financing lease assets	$ 98,437	$ 94,141
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent	us-gaap:OtherAssetsNoncurrent
Total leased assets	$ 1,096,230	$ 1,092,107
Current:
Operating	183,159	168,663
Financing	$ 36,916	$ 34,966
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesCurrent	us-gaap:OtherLiabilitiesCurrent
Non-current:
Operating	$ 1,045,708	$ 1,057,758
Financing	$ 63,016	$ 60,001
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent	us-gaap:OtherLiabilitiesNoncurrent
Total lease liabilities	$ 1,328,799	$ 1,321,388

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information and Non-Cash Activity Related to Operating Leases (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 61,310	$ 47,467
Right-of-use assets obtained in exchange for new financing lease liabilities	14,683	2,668
Other non-cash increases in operating lease right-of-use assets	6,888	$ 1,372
Other non-cash decreases in finance lease right-of-use assets	$ (517)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Loss Contingencies [Line Items]
Letters of credit outstanding	$ 93,800,000
Accrued loan loss	57,300,000	$ 37,000,000
Assets available for recourse	$ 629,700,000
Letters of credit expiration date	2021-04
Guarantees total	$ 77,400,000
Commitments to investment in future real estate investment	82,500,000
Commitments to investment in unconsolidated real estate subsidiary	$ 42,700,000
Maximum [Member]
Loss Contingencies [Line Items]
Co-investments typically range	2.00%
Warehouse Receivable [Member]
Loss Contingencies [Line Items]
Warehouse receivables	$ 305,500,000
Funded loans subject to loss sharing arrangements [Member]
Loss Contingencies [Line Items]
Funded loans unpaid principal	28,800,000,000
Letters of credit outstanding	75,000,000	72,000,000
SBL Program [Member]
Loss Contingencies [Line Items]
Letters of credit outstanding	$ 5,000,000	$ 5,000,000
Percentage of maximum original principal amount loan loss	10.00%
Funded loans not subject to loss sharing arrangements [Member]
Loss Contingencies [Line Items]
Letters of credit outstanding	$ 80,000,000

Income Per Share and Stockhol_3

Income Per Share and Stockholders' Equity - Calculations of Basic and Diluted Income Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Basic Income Per Share
Net income attributable to CBRE Group, Inc. shareholders	$ 172,195	$ 164,409
Weighted average shares outstanding for basic income per share	334,969,826	336,020,431
Basic income per share attributable to CBRE Group, Inc. shareholders	$ 0.51	$ 0.49
Diluted Income Per Share
Net income attributable to CBRE Group, Inc. shareholders	$ 172,195	$ 164,409
Weighted average shares outstanding for basic income per share	334,969,826	336,020,431
Dilutive effect of contingently issuable shares	4,768,085	4,137,968
Weighted average shares outstanding for diluted income per share	339,737,911	340,158,399
Diluted income per share attributable to CBRE Group, Inc. shareholders	$ 0.51	$ 0.48

Income Per Share and Stockhol_4

Income Per Share and Stockholders' Equity - Additional Information (Detail) - USD ($)	1 Months Ended				3 Months Ended		12 Months Ended
	Mar. 31, 2020	Feb. 28, 2019	Jan. 31, 2019	Oct. 31, 2016	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Nov. 30, 2019	Aug. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares repurchased during the period, value					$ 50,028,000	$ 45,088,000
Capacity remaining under current stock repurchase program	$ 350,000,000				350,000,000
Exchange Act (10b5-1 Plan) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares repurchased during the period, value			$ 45,100,000
Exchange Act (10b5-1 Plan) [Member] | March 2019 Program [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares repurchased during the period, value							$ 100,000,000
Class A Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Authorized share repurchase amount	$ 500,000,000				$ 500,000,000
Authorized share repurchase term		3 years		3 years
Shares repurchased during the period, value						$ 11,000
Authorized share additional repurchase amount								$ 100,000,000	$ 100,000,000
Class A Common Stock [Member] | Maximum [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Authorized share repurchase amount		$ 300,000,000		$ 250,000,000
Class A Common Stock [Member] | Exchange Act (10b5-1 Plan) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares repurchased during the period, shares	1,050,084		1,144,449
Shares repurchased during the period, value	$ 50,000,000
Average price per share	$ 47.62		$ 39.38
Class A Common Stock [Member] | Exchange Act (10b5-1 Plan) [Member] | March 2019 Program [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares repurchased during the period, shares							1,936,458
Average price per share							$ 51.64
Contingently Issuable Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded in computation of diluted income per share					341,359	547,676

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregation of Revenue from Contracts with Customers (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	$ 5,745,129	$ 4,999,172
Out of Scope of Topic 606 Revenue	144,039	136,338
Total revenue	5,889,168	5,135,510
Advisory Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	1,801,051	1,698,064
Out of Scope of Topic 606 Revenue	130,473	136,338
Total revenue	1,931,524	1,834,402
Global Workplace Solutions [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	3,746,174	3,165,915
Total revenue	3,746,174	3,165,915
Real Estate Investments [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	197,904	135,193
Out of Scope of Topic 606 Revenue	13,566
Total revenue	211,470	135,193
Global Workplace Solutions [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	3,746,174	3,165,915
Global Workplace Solutions [Member] | Global Workplace Solutions [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	3,746,174	3,165,915
Advisory Leasing [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	607,111	622,640
Advisory Leasing [Member] | Advisory Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	607,111	622,640
Advisory Sales [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	430,956	385,655
Advisory Sales [Member] | Advisory Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	430,956	385,655
Property and Advisory Project Management [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	565,943	520,884
Property and Advisory Project Management [Member] | Advisory Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	565,943	520,884
Valuation [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	147,752	138,326
Valuation [Member] | Advisory Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	147,752	138,326
Commercial Mortgage Origination [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	37,880	23,573
Out of Scope of Topic 606 Revenue	85,202	97,306
Commercial Mortgage Origination [Member] | Advisory Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	37,880	23,573
Out of Scope of Topic 606 Revenue	85,202	97,306
Loan Servicing [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	11,409	6,986
Out of Scope of Topic 606 Revenue	45,271	39,032
Loan Servicing [Member] | Advisory Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	11,409	6,986
Out of Scope of Topic 606 Revenue	45,271	39,032
Investment Management [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	121,678	106,308
Investment Management [Member] | Real Estate Investments [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	121,678	106,308
Development Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	76,226	28,885
Out of Scope of Topic 606 Revenue	13,566
Development Services [Member] | Real Estate Investments [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	76,226	$ 28,885
Out of Scope of Topic 606 Revenue	$ 13,566

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Revenue From Contract With Customer [Abstract]
Contract assets	$ 530,700	$ 529,800
Contract assets, current	329,988	328,012
Contract liabilities	113,700	115,000
Contract liabilities, current	106,995	$ 108,671
Recognized revenue included in contract liability	$ 63,200

Segments - Additional Informati

Segments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2020Segment
Segment Reporting [Abstract]
Global business segments	3

Segments - Summarized Financial

Segments - Summarized Financial Information by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Revenue	$ 5,889,168	$ 5,135,510
Adjusted EBITDA	430,351	450,032
Advisory Services [Member]
Segment Reporting Information [Line Items]
Revenue	1,931,524	1,834,402
Adjusted EBITDA	292,654	263,850
Global Workplace Solutions [Member]
Segment Reporting Information [Line Items]
Revenue	3,746,174	3,165,915
Adjusted EBITDA	99,298	99,679
Real Estate Investments [Member]
Segment Reporting Information [Line Items]
Revenue	211,470	135,193
Adjusted EBITDA	$ 38,399	$ 86,503

Segments - Adjusted EBITDA Calc

Segments - Adjusted EBITDA Calculation by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting [Abstract]
Net income attributable to CBRE Group, Inc.	$ 172,195	$ 164,409
Depreciation and amortization	113,794	105,823
Asset impairments	75,171	89,037
Interest expense, net of interest income	16,016	21,192
Write-off of financing costs on extinguished debt		2,608
Provision for income taxes	51,182	43,878
EBITDA	428,358	426,947
Impact of fair value adjustments to real estate assets acquired in the Telford Acquisition (purchase accounting) that were sold in period	5,753
Costs incurred related to legal entity restructuring	3,241
Integration and other costs related to acquisitions	783
Carried interest incentive compensation (reversal) expense to align with the timing of associated revenue	(7,784)	7,336
Costs associated with our reorganization, including cost-savings initiatives		15,749
Adjusted EBITDA	$ 430,351	$ 450,032

Segments - Summary of Geographi

Segments - Summary of Geographic Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	$ 5,889,168	$ 5,135,510
United States [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	3,380,563	3,036,707
United Kingdom [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	774,015	588,581
All other countries [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	$ 1,734,590	$ 1,510,222