# EDGAR Filing Document

**Accession Number:** 0001138118
**File Stem:** 0000000000-25-007305
**Filing Date:** 2025-7
**Character Count:** 3480
**Document Hash:** 5dcdbb48e2104554c877158f7db1c2f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-007305.hdr.sgml**: 20260211

**ACCESSION NUMBER**: 0000000000-25-007305

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250711

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CBRE GROUP, INC.
- **CENTRAL INDEX KEY:** 0001138118
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 943391143
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 001-32205

**BUSINESS ADDRESS:**
- **STREET 1:** 2121 NORTH PEARL STREET
- **STREET 2:** SUITE 300
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214-979-6100

**MAIL ADDRESS:**
- **STREET 1:** 2121 NORTH PEARL STREET
- **STREET 2:** SUITE 300
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CB RICHARD ELLIS GROUP INC
- **DATE OF NAME CHANGE:** 20040217

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CBRE HOLDING INC
- **DATE OF NAME CHANGE:** 20010411
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001138118-25-000005

## Text-Extract

```

                                                           July 11, 2025

Emma E. Giamartino
Chief Financial Officer
CBRE Group, Inc.
2121 North Pearl Street
Suite 300
Dallas, TX 75201

       Re: CBRE Group, Inc.
           Form 10-K for the fiscal year ended December 31, 2024
           Response dated May 27, 2025
           File No. 001-32205
Dear Emma E. Giamartino:

       We have reviewed your May 27, 2025 response to our comment letter and
have the
following comment.

       Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.

       After reviewing your response to this letter, we may have additional
comments.
Unless we note otherwise, any references to prior comments are to comments in
our May 15,
2025 letter.

Form 10-K for the fiscal year ended December 31, 2024
Item 7. Management's Discussion and Analysis of Financial Condition and Results
of
Operations
Non-GAAP Financial Measures, page 47

1.     We note your response to prior comment 2. Please clarify for us if any
contracts are
       based on a fixed fee or similar (e.g., based on square footage managed
or occupied),
       such that pass through costs have implied profit margins. To the extent
you determine
       that there is an implied profit margin, please explain to us how you
considered
       Question 100.04 of the Compliance & Disclosure Interpretation on
Non-GAAP
       Financial Measures in determining the appropriateness of this adjustment
throughout
       your Form 10-K and in your earnings release.
 July 11, 2025
Page 2

       Please contact Peter McPhun at 202-551-3581 or Jennifer Monick at
202-551-3295 if
you have questions regarding comments on the financial statements and related
matters.

                                                        Sincerely,

                                                        Division of Corporation
Finance
                                                        Office of Real Estate &
Construction

```

### Attached PDF Documents

**Attachment 1:** `filename1`

_No text found in this document._