Wednesday, January 4, 2017

CBRE Group Buys Floored

Los Angeles-based real estate services and investment firm CBRE said Tuesday afternoon that it has acquired Floored, a developer of interactive 3D graphics software for the commercial real estate industry. Financial details of the acquisition were not announced. Floored, which was based in New York City, develops cloud-based, interactive 3D graphics software which lets commercial real estate brokers virtually configure vacant space, create virtual tours, and visualize and edit floor plans. The software is used for 3D "walk throughs" of commercial real estate space. CBRE said it is adding the founders of Floored, and a 36-person team, as part of the acquisition.