Dallas-based commercial property giant CBRE Group Inc. has joined the growing ranks of Western companies curtailing business operations in Russia.
U.S. firms in particular are pulling out of Russia after its unwarranted attack on neighboring Ukraine.
“The company has begun the process of exiting its office in Moscow, which provides leasing, investment, property management and valuation services, and terminating two existing affiliate relationships in the country,” CBRE announced on Monday. “Consistent with its contractual obligations, CBRE will continue to manage facilities and provide other essential services for existing multinational clients that are operating in Russia.
