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Revenue from Contracts with Customers (Tables) | 6 Months Ended
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Jun. 30, 2020
Revenue From Contract With Customer [Abstract] |
Disaggregation of Revenue from Contracts with Customers | Disaggregated Revenue The following tables represent a disaggregation of revenue from contracts with customers for the three and six months ended June 30, 2020 and 2019 by type of service and/or segment (dollars in thousands):
|  | Three Months Ended June 30, 2020 |
|  | Advisory Services |  |  | Global Workplace Solutions |  |  | Real Estate Investments |  |  | Consolidated |
Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global workplace solutions |  | $ | — |  |  | $ | 3,666,844 |  |  | $ | — |  |  | $ | 3,666,844 |
Advisory leasing |  |  | 510,124 |  |  |  | — |  |  |  | — |  |  |  | 510,124 |
Advisory sales |  |  | 241,247 |  |  |  | — |  |  |  | — |  |  |  | 241,247 |
Property and advisory project management |  |  | 512,218 |  |  |  | — |  |  |  | — |  |  |  | 512,218 |
Valuation |  |  | 131,845 |  |  |  | — |  |  |  | — |  |  |  | 131,845 |
Commercial mortgage origination (1) |  |  | 20,110 |  |  |  | — |  |  |  | — |  |  |  | 20,110 |
Loan servicing (2) |  |  | 9,021 |  |  |  | — |  |  |  | — |  |  |  | 9,021 |
Investment management |  |  | — |  |  |  | — |  |  |  | 103,132 |  |  |  | 103,132 |
Development services |  |  | — |  |  |  | — |  |  |  | 57,700 |  |  |  | 57,700 |
Topic 606 Revenue |  |  | 1,424,565 |  |  |  | 3,666,844 |  |  |  | 160,832 |  |  |  | 5,252,241 |
Out of Scope of Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage origination |  |  | 80,335 |  |  |  | — |  |  |  | — |  |  |  | 80,335 |
Loan servicing |  |  | 48,029 |  |  |  | — |  |  |  | — |  |  |  | 48,029 |
Development services (3) |  |  | — |  |  |  | — |  |  |  | 779 |  |  |  | 779 |
Total Out of Scope of Topic 606 Revenue |  |  | 128,364 |  |  |  | — |  |  |  | 779 |  |  |  | 129,143 |
Total revenue |  | $ | 1,552,929 |  |  | $ | 3,666,844 |  |  | $ | 161,611 |  |  | $ | 5,381,384 |
|  | Three Months Ended June 30, 2019 |
|  | Advisory Services |  |  | Global Workplace Solutions |  |  | Real Estate Investments |  |  | Consolidated |
Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global workplace solutions |  | $ | — |  |  | $ | 3,385,452 |  |  | $ | — |  |  | $ | 3,385,452 |
Advisory leasing |  |  | 817,788 |  |  |  | — |  |  |  | — |  |  |  | 817,788 |
Advisory sales |  |  | 466,558 |  |  |  | — |  |  |  | — |  |  |  | 466,558 |
Property and advisory project management |  |  | 555,822 |  |  |  | — |  |  |  | — |  |  |  | 555,822 |
Valuation |  |  | 149,051 |  |  |  | — |  |  |  | — |  |  |  | 149,051 |
Commercial mortgage origination (1) |  |  | 32,111 |  |  |  | — |  |  |  | — |  |  |  | 32,111 |
Loan servicing (2) |  |  | 7,084 |  |  |  | — |  |  |  | — |  |  |  | 7,084 |
Investment management |  |  | — |  |  |  | — |  |  |  | 101,646 |  |  |  | 101,646 |
Development services |  |  | — |  |  |  | — |  |  |  | 48,017 |  |  |  | 48,017 |
Topic 606 Revenue |  |  | 2,028,414 |  |  |  | 3,385,452 |  |  |  | 149,663 |  |  |  | 5,563,529 |
Out of Scope of Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage origination |  |  | 107,888 |  |  |  | — |  |  |  | — |  |  |  | 107,888 |
Loan servicing |  |  | 42,656 |  |  |  | — |  |  |  | — |  |  |  | 42,656 |
Total Out of Scope of Topic 606 Revenue |  |  | 150,544 |  |  |  | — |  |  |  | — |  |  |  | 150,544 |
Total revenue |  | $ | 2,178,958 |  |  | $ | 3,385,452 |  |  | $ | 149,663 |  |  | $ | 5,714,073 |
(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) | Out of scope revenue for development services represents selling profit from transfers of sales-type leases in the scope of Topic 842.
|  | Six Months Ended June 30, 2020 |
|  | Advisory Services |  |  | Global Workplace Solutions |  |  | Real Estate Investments |  |  | Consolidated |
Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global workplace solutions |  | $ | — |  |  | $ | 7,413,018 |  |  | $ | — |  |  | $ | 7,413,018 |
Advisory leasing |  |  | 1,117,235 |  |  |  | — |  |  |  | — |  |  |  | 1,117,235 |
Advisory sales |  |  | 672,203 |  |  |  | — |  |  |  | — |  |  |  | 672,203 |
Property and advisory project management |  |  | 1,078,161 |  |  |  | — |  |  |  | — |  |  |  | 1,078,161 |
Valuation |  |  | 279,597 |  |  |  | — |  |  |  | — |  |  |  | 279,597 |
Commercial mortgage origination (1) |  |  | 57,990 |  |  |  | — |  |  |  | — |  |  |  | 57,990 |
Loan servicing (2) |  |  | 20,430 |  |  |  | — |  |  |  | — |  |  |  | 20,430 |
Investment management |  |  | — |  |  |  | — |  |  |  | 224,810 |  |  |  | 224,810 |
Development services |  |  | — |  |  |  | — |  |  |  | 133,925 |  |  |  | 133,925 |
Topic 606 Revenue |  |  | 3,225,616 |  |  |  | 7,413,018 |  |  |  | 358,735 |  |  |  | 10,997,369 |
Out of Scope of Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage origination |  |  | 165,537 |  |  |  | — |  |  |  | — |  |  |  | 165,537 |
Loan servicing |  |  | 93,300 |  |  |  | — |  |  |  | — |  |  |  | 93,300 |
Development services (3) |  |  | — |  |  |  | — |  |  |  | 14,346 |  |  |  | 14,346 |
Total Out of Scope of Topic 606 Revenue |  |  | 258,837 |  |  |  | — |  |  |  | 14,346 |  |  |  | 273,183 |
Total revenue |  | $ | 3,484,453 |  |  | $ | 7,413,018 |  |  | $ | 373,081 |  |  | $ | 11,270,552 |
|  | Six Months Ended June 30, 2019 |
|  | Advisory Services |  |  | Global Workplace Solutions |  |  | Real Estate Investments |  |  | Consolidated |
Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global workplace solutions |  | $ | — |  |  | $ | 6,551,367 |  |  | $ | — |  |  | $ | 6,551,367 |
Advisory leasing |  |  | 1,440,428 |  |  |  | — |  |  |  | — |  |  |  | 1,440,428 |
Advisory sales |  |  | 852,213 |  |  |  | — |  |  |  | — |  |  |  | 852,213 |
Property and advisory project management |  |  | 1,076,706 |  |  |  | — |  |  |  | — |  |  |  | 1,076,706 |
Valuation |  |  | 287,377 |  |  |  | — |  |  |  | — |  |  |  | 287,377 |
Commercial mortgage origination (1) |  |  | 55,684 |  |  |  | — |  |  |  | — |  |  |  | 55,684 |
Loan servicing (2) |  |  | 14,070 |  |  |  | — |  |  |  | — |  |  |  | 14,070 |
Investment management |  |  | — |  |  |  | — |  |  |  | 207,954 |  |  |  | 207,954 |
Development services |  |  | — |  |  |  | — |  |  |  | 76,902 |  |  |  | 76,902 |
Topic 606 Revenue |  |  | 3,726,478 |  |  |  | 6,551,367 |  |  |  | 284,856 |  |  |  | 10,562,701 |
Out of Scope of Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage origination |  |  | 205,194 |  |  |  | — |  |  |  | — |  |  |  | 205,194 |
Loan servicing |  |  | 81,688 |  |  |  | — |  |  |  | — |  |  |  | 81,688 |
Total Out of Scope of Topic 606 Revenue |  |  | 286,882 |  |  |  | — |  |  |  | — |  |  |  | 286,882 |
Total revenue |  | $ | 4,013,360 |  |  | $ | 6,551,367 |  |  | $ | 284,856 |  |  | $ | 10,849,583 |
(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) | Out of scope revenue for development services represents selling profit from transfers of sales-type leases in the scope of Topic 842.

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