Photo of Chandra Dhandapani, CBRE Chandra Dhandapani, CBRE’s chief digital & technology officer.

LOS ANGELES—CBRE Group Inc. said Tuesday it had acquired Floored Inc., a leading producer of SaaS (software as a service) solutions, including 3D graphics, for the global commercial real estate industry.  Deal terms were not disclosed; the acquisition significantly increases CBRE’s capabilities to develop technology innovations that enhance marketing and leasing of commercial properties.

Floored’s co-founders—CEO David Eisenberg, CTO Dustin Byrne and VP of engineering Judy He—will join CBRE as part of the acquisition, as will their 36-member team. Eisenberg will serve as SVP of digital enablement & technology for CBRE’s leasing business.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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