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CBRE Still Hiring as Market Tightens

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CBRE CEO Bob Sulentic (Illustration by The Real Deal with Getty, CBRE)

Many real estate companies are cutting jobs as they wary of changes in the housing market. CBRE is irrelevant.

The real estate giant employs over 100,000 people worldwide and is about to climb the ranks, Insider reportServices and brokerage firms posted more than 250 job openings in the US last week.

After a big year, the company is apparently still going strong. CBRE took advantage of the surge in the multifamily and industrial markets to set an annual record of nearly $28 billion in revenue last year.

An insider analysis of the U.S. Foreign Workers Certification Authority’s 2021 and 2022 disclosed data reveals how much CBRE is likely willing to pay its next employer. As a senior software engineer, he makes between $90,000 and $165,000 a year. Construction project managers wind up between $125,000 and $135,000. Digital Marketing Directors can earn up to $170,000.

Disclosed data is for full-time and temporary foreign workers in the United States. CBRE has employed approximately 300 employees from H1-B and similar visa programs. This is a 119% increase over the previous year.

While CBRE is expanding its ranks, other real estate companies are announcing significant cuts.After the U.S. housing market cools down spurred layoffs earlier this summer Companies such as Redfin and Compass have The mortgage industry has been in turmoil lately. As rates rise and application demand declines.

Last month, LoanDepot announced: lay off 4,800 people, about 42 percent of its employees. The company’s chief executive pointed to the sharp contraction of the mortgage market as a reason for taking “decisive action.”

Big companies like JPMorgan Chase, Wells Fargo, Keller Williams, and Better.com have cut back on mortgage specialists in recent months.

Some mortgage lenders just couldn’t survive after the market changed so quickly.Long Island-based Sprout Mortgage recently go out of businessshortly after Texas-based First Guaranty Mortgage basically shut down After making a deep cut in the staff.

— Holden Walter Warner

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