CBRE Group, the country’s largest commercial real estate services company, said Thursday that it has moved its headquarters from Los Angeles to Dallas. Few workers will transfer from California to Texas, the company said, and the move will not result in layoffs. AdvertisementCompany headquarters departing “is the story of California,” said economist Richard Green, director of the USC Lusk Center for Real Estate. “We have been losing corporate headquarters for a long time, particularly here in Southern California,” Green said. Toyota Motor Corp. moved its North American headquarters from Torrance to the Dallas suburb of Plano in 2014.

Source: Los Angeles Times October 29, 2020 19:40 UTC