CBRE Completes Big Acquisition

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    Downtown L.A. commercial real estate giant CBRE Group Inc. is now even bigger, having wrapped its deal Tuesday to acquire Global Workplace Solutions at a cost of nearly $1.5 billion, the Los Angeles Times reports. As a result, CBRE is now one of the largest property managers worldwide, making it less reliant on commissions from brokering the sales and leases of commercial real estate.