January 8, 2020
CBRE Group acquired New England Fiber (NEF), a telecommunications and network infrastructure advisory services firm based in Newton, MA, for an undisclosed sum. NEF serves large and midsized enterprises in multiple industries and vertical markets.
“New technologies, such as 5G, will increase the focus of many occupiers on network capabilities when making real estate decisions,” said Whitley Collins, global president, Advisory & Transaction Services | Occupier, CBRE. “NEF will give us the technical expertise to advise clients on network capabilities and ensure that we deliver exceptional outcomes for them across the globe.”
“We have worked hard to build a reputation as a market leader in designing and procuring network infrastructure over the past 15 years,” said Michael Murphy, NEF’s president and CEO. “We are excited about the opportunity to help CBRE’s broad client base navigate the rapidly changing network infrastructure market.”
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