Dallas-based CBRE, one of the largest real estate groups in the country with offices overseas and in several U.S. cities, announced it has acquired Seattle-based software firm Buildingi. Terms of the acquisition were not disclosed.
Founded in 1994, Buildingi’s capabilities and proprietary software allow the company to offer holistic management solutions when it comes to all things real estate.
Buildingi provides real estate-focused software such as computer-aided design (CAD) services and an integrated workplace management system (IWMS). The company’s IWMS software features four software modules in one package and helps with real estate management, project management, space management and maintenance management, according to Buildingi.
“Since starting Buildingi nearly three decades ago, we have proven to be an innovator and leader in the development of workplace and occupancy solutions,” Bill Nolan, CEO of Buildingi, said in a statement. “By joining forces with the world’s largest real estate services company, we can help clients even more as they return to the office through our integrated and experienced sales team and a complete technology product offering.”
CBRE traces its roots back to the early 1900s in San Francisco where the company got its start. It wasn’t until 2020 that the DFW metro become the global headquarters for the real estate firm.
With the acquisition, CBRE will acquire the Buildingi’s service center in Costa Rica, according to a prepared statement from CBRE. This new office — in addition to CBRE’s various other global offices — will allow the company to provide 24/7 occupancy planning services and support.
“The Covid-19 pandemic has prompted more companies to reimagine their workplace and occupancy strategies as they look to provide employees with more flexibility as they return to the office,” Susan Wasmund, CBRE’s senior managing director of occupancy management, said is a statement. “Now more than ever, CBRE and Buildingi have a unique opportunity to fill the need in the marketplace by bringing together the best of each organization’s people and services.”