To be a leader in the booming data center sector, firms need more than the requisite real estate, which CBRE has acknowledged with a ten-figure acquisition. The Dallas-based real estate brokerage firm paid $1.2 billion to acquire Pearce Services from alternative investment manager New Mountain Capital, Bisnow reported. The deal closed only a few weeks after CBRE alluded to a potential acquisition of this magnitude during its earnings call. “This acquisition complements our large and growing presence in digital and power infrastructure,” CBRE chief executive officer Bob Sulentic said in a statement. Pearce provides design, engineering, maintenance and repair services […]

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