Beezley projects have included the Los Angeles Clippers’ training facility and the Los Angeles Memorial Coliseum earthquake renovation project.
Beezley’s principal and founder, Jonathan Levy, will join CBRE’s project management senior leadership team.
“As a firm, we’ve been in business for about 20 years, and at different stages of time, we’ve had different launch points for different levels of growth, and for us it’s really exciting to look at our next ability to grow as part of the CBRE platform,” Levy said.
He added that the move would allow his team to expand in other areas.
“We’re more of a regional footprint initially, and now we can piggyback onto the CBRE platform ... so that our reach is better for our clients,” Levy said.
CBRE, which for years called downtown its home, recently announced a headquarters move to Dallas. Many of the company’s key roles, however, will remain in L.A.
Sean Conry, CBRE’s project management market leader for greater Los Angeles and Orange County, said a “strong repeat client list” was part of Beezley’s appeal. CBRE is looking to increase its Southern California project management business.
Conry added that Beezley has a “diversified portfolio of revenue streams in market sectors that our current businesses don’t operate in.”
A few years ago, CBRE acquired Heery International Inc., an Atlanta-based project management and design engineering services company.
Conry said Heery focused on the public sector while CBRE supports property managers and brokers through its project management offerings. Beezley “fits right in between that,” he explained, doing both public- and private-sector projects, and allowing CBRE to “bridge the gap” between its service offerings.
Conry said CBRE was working on integrating Beezley into the company to form one large, cohesive team.
He added that the acquisition would allow CBRE to grow its offerings faster than it would have been able to otherwise.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Staley Point, Bain Team for Purchase
- Cottonwood Management Makes Big Investments in Industrial Sector
- Motorcycle Parts Maker Signs Big Lease in Cerritos
- Monterey Park Industrial Site Sells for $8 Million
- Who’s Who in Real Estate: Multifamily Companies Race to Keep Pace
- Arts District Project Secures $167 Million Loan
- Most Construction Projects Are Continuing at a Strong Clip Despite Covid
- LABJ Insider: Keeping It Real Estate