ARGUS Software Inc., a global provider of commercial real estate software (and subsidiary of Altus Group) has announced that CBRE Group, Inc. has decided to use the company’s ARGUS Enterprise, along with existing ARGUS software, to support its capital markets, valuation and advisory, and asset and investment management businesses worldwide. Through this multi-year global agreement, CBRE expects to improve productivity, enhance analytics around complex portfolio real estate data, and help clients manage risk.
“We continue to invest in transformative technology for our professionals that enable us to better evaluate, manage, and derive insight from over $285 billion worth of annual commercial real estate transactions around the globe. The agreement with ARGUS is a strategic decision that adds ARGUS’s strong product offerings to our platform in support of world-class services and value to our clients,” said Jim Groch, CFO and Global Director of Corporate Development, CBRE Group.
According to Argus, more than 600 customers and thousands of users encompassing many of the industry’s largest commercial real estate organizations rely on Argus Enterprise—including investors, owner operators, lenders, portfolio managers, and eight of the 10 largest real estate service providers. The solution brings value to the Asset and Investment Management process through an integrated global asset management platform that supports multiple valuation standards, provides superior investment visibility, and delivers powerful reporting capabilities.
“We are both delighted and excited to continue to work closely with CBRE. As a truly global and diversified market leader, CBRE plays a vital role in connecting the commercial real estate ecosystem. The confidence they have shown in ARGUS and ARGUS Enterprise reflects our strength in helping clients around the world successfully manage today’s broad range of real estate industry market pressures,” said Mike Abramsky, President, ARGUS Software.