CBRE, a commercial real estate services and investment firm, agreed to merge the project management business with Turner & Townsend, a program management, cost consultancy and project management services provider. Financial terms were not disclosed. “Unifying our Project Management business will create an offering that is unmatched for its scale and breadth of capabilities, with more than 20,000 employees serving clients in over 60 countries. Powerful secular trends, particularly increased spending on infrastructure, green energy, and employee experience, are growth catalysts for this business and we are well positioned to capitalize on this significant opportunity,” Bob Sulentic, CBRE Chair and CEO.