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v3.19.3

Revenue from Contracts with Customers (Tables) | 9 Months Ended
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Sep. 30, 2019
Revenue From Contract With Customer [Abstract] |
Disaggregation of Revenue from Contracts with Customers | The following tables represent a disaggregation of revenue from contracts with customers for the three and nine months ended September 30, 2019 and 2018 by type of service and/or segment (dollars in thousands):
|  | Three Months Ended September 30, 2019 |
|  | Advisory Services |  |  | Global Workplace Solutions |  |  | Real Estate Investments |  |  | Consolidated |
Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global workplace solutions |  | $ | — |  |  | $ | 3,555,176 |  |  | $ | — |  |  | $ | 3,555,176 |
Advisory leasing |  |  | 781,246 |  |  |  | — |  |  |  | — |  |  |  | 781,246 |
Advisory sales |  |  | 526,104 |  |  |  | — |  |  |  | — |  |  |  | 526,104 |
Property and advisory project management |  |  | 558,039 |  |  |  | — |  |  |  | — |  |  |  | 558,039 |
Valuation |  |  | 154,861 |  |  |  | — |  |  |  | — |  |  |  | 154,861 |
Commercial mortgage origination (1) |  |  | 46,787 |  |  |  | — |  |  |  | — |  |  |  | 46,787 |
Loan servicing (2) |  |  | 8,599 |  |  |  | — |  |  |  | — |  |  |  | 8,599 |
Investment management |  |  | — |  |  |  | — |  |  |  | 104,927 |  |  |  | 104,927 |
Development services |  |  | — |  |  |  | — |  |  |  | 24,286 |  |  |  | 24,286 |
Topic 606 Revenue |  |  | 2,075,636 |  |  |  | 3,555,176 |  |  |  | 129,213 |  |  |  | 5,760,025 |
Out of Scope of Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage origination |  |  | 117,052 |  |  |  | — |  |  |  | — |  |  |  | 117,052 |
Loan servicing (2) |  |  | 48,024 |  |  |  | — |  |  |  | — |  |  |  | 48,024 |
Total Out of Scope of Topic 606 Revenue |  |  | 165,076 |  |  |  | — |  |  |  | — |  |  |  | 165,076 |
Total revenue |  | $ | 2,240,712 |  |  | $ | 3,555,176 |  |  | $ | 129,213 |  |  | $ | 5,925,101 |
|  | Three Months Ended September 30, 2018 (3) |
|  | Advisory Services |  |  | Global Workplace Solutions |  |  | Real Estate Investments |  |  | Consolidated |
Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global workplace solutions |  | $ | — |  |  | $ | 3,082,781 |  |  | $ | — |  |  | $ | 3,082,781 |
Advisory leasing |  |  | 751,793 |  |  |  | — |  |  |  | — |  |  |  | 751,793 |
Advisory sales |  |  | 486,398 |  |  |  | — |  |  |  | — |  |  |  | 486,398 |
Property and advisory project management |  |  | 498,388 |  |  |  | — |  |  |  | — |  |  |  | 498,388 |
Valuation |  |  | 143,814 |  |  |  | — |  |  |  | — |  |  |  | 143,814 |
Commercial mortgage origination (1) |  |  | 30,939 |  |  |  | — |  |  |  | — |  |  |  | 30,939 |
Loan servicing (2) |  |  | 5,358 |  |  |  | — |  |  |  | — |  |  |  | 5,358 |
Investment management |  |  | — |  |  |  | — |  |  |  | 93,061 |  |  |  | 93,061 |
Development services |  |  | — |  |  |  | — |  |  |  | 25,753 |  |  |  | 25,753 |
Topic 606 Revenue |  |  | 1,916,690 |  |  |  | 3,082,781 |  |  |  | 118,814 |  |  |  | 5,118,285 |
Out of Scope of Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage origination |  |  | 101,561 |  |  |  | — |  |  |  | — |  |  |  | 101,561 |
Loan servicing (2) |  |  | 41,108 |  |  |  | — |  |  |  | — |  |  |  | 41,108 |
Total Out of Scope of Topic 606 Revenue |  |  | 142,669 |  |  |  | — |  |  |  | — |  |  |  | 142,669 |
Total revenue |  | $ | 2,059,359 |  |  | $ | 3,082,781 |  |  | $ | 118,814 |  |  | $ | 5,260,954 |
(1) | We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606.
(2) | Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606.
(3) | Our new organizational structure became effective on January 1, 2019. See Note 14 for additional information. Revenue classifications for 2018 have been restated to conform to the new structure.
|  | Nine Months Ended September 30, 2019 |
|  | Advisory Services |  |  | Global Workplace Solutions |  |  | Real Estate Investments |  |  | Consolidated |
Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global workplace solutions |  | $ | — |  |  | $ | 10,106,543 |  |  | $ | — |  |  | $ | 10,106,543 |
Advisory leasing |  |  | 2,221,674 |  |  |  | — |  |  |  | — |  |  |  | 2,221,674 |
Advisory sales |  |  | 1,378,317 |  |  |  | — |  |  |  | — |  |  |  | 1,378,317 |
Property and advisory project management |  |  | 1,634,745 |  |  |  | — |  |  |  | — |  |  |  | 1,634,745 |
Valuation |  |  | 442,238 |  |  |  | — |  |  |  | — |  |  |  | 442,238 |
Commercial mortgage origination (1) |  |  | 102,471 |  |  |  | — |  |  |  | — |  |  |  | 102,471 |
Loan servicing (2) |  |  | 22,669 |  |  |  | — |  |  |  | — |  |  |  | 22,669 |
Investment management |  |  | — |  |  |  | — |  |  |  | 312,881 |  |  |  | 312,881 |
Development services |  |  | — |  |  |  | — |  |  |  | 101,188 |  |  |  | 101,188 |
Topic 606 Revenue |  |  | 5,802,114 |  |  |  | 10,106,543 |  |  |  | 414,069 |  |  |  | 16,322,726 |
Out of Scope of Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage origination |  |  | 322,246 |  |  |  | — |  |  |  | — |  |  |  | 322,246 |
Loan servicing (2) |  |  | 129,712 |  |  |  | — |  |  |  | — |  |  |  | 129,712 |
Total Out of Scope of Topic 606 Revenue |  |  | 451,958 |  |  |  | — |  |  |  | — |  |  |  | 451,958 |
Total revenue |  | $ | 6,254,072 |  |  | $ | 10,106,543 |  |  | $ | 414,069 |  |  | $ | 16,774,684 |
|  | Nine Months Ended September 30, 2018 (3) |
|  | Advisory Services |  |  | Global Workplace Solutions |  |  | Real Estate Investments |  |  | Consolidated |
Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global workplace solutions |  | $ | — |  |  | $ | 8,945,257 |  |  | $ | — |  |  | $ | 8,945,257 |
Advisory leasing |  |  | 1,956,688 |  |  |  | — |  |  |  | — |  |  |  | 1,956,688 |
Advisory sales |  |  | 1,357,506 |  |  |  | — |  |  |  | — |  |  |  | 1,357,506 |
Property and advisory project management |  |  | 1,485,371 |  |  |  | — |  |  |  | — |  |  |  | 1,485,371 |
Valuation |  |  | 425,374 |  |  |  | — |  |  |  | — |  |  |  | 425,374 |
Commercial mortgage origination (1) |  |  | 83,077 |  |  |  | — |  |  |  | — |  |  |  | 83,077 |
Loan servicing (2) |  |  | 16,291 |  |  |  | — |  |  |  | — |  |  |  | 16,291 |
Investment management |  |  | — |  |  |  | — |  |  |  | 315,698 |  |  |  | 315,698 |
Development services |  |  | — |  |  |  | — |  |  |  | 67,486 |  |  |  | 67,486 |
Topic 606 Revenue |  |  | 5,324,307 |  |  |  | 8,945,257 |  |  |  | 383,184 |  |  |  | 14,652,748 |
Out of Scope of Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage origination |  |  | 277,695 |  |  |  | — |  |  |  | — |  |  |  | 277,695 |
Loan servicing (2) |  |  | 115,897 |  |  |  | — |  |  |  | — |  |  |  | 115,897 |
Total Out of Scope of Topic 606 Revenue |  |  | 393,592 |  |  |  | — |  |  |  | — |  |  |  | 393,592 |
Total revenue |  | $ | 5,717,899 |  |  | $ | 8,945,257 |  |  | $ | 383,184 |  |  | $ | 15,046,340 |
(1) | We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606.
(2) | Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606.
(3) | Our new organizational structure became effective on January 1, 2019. See Note 14 for additional information. Revenue classifications for 2018 have been restated to conform to the new structure.

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