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Revenue from Contracts with Customers (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2020 and 2019 by type of service and/or segment (dollars in thousands):
|  | Three Months Ended September 30, 2020 |
|  | Advisory Services |  |  | Global Workplace Solutions |  |  | Real Estate Investments |  |  | Consolidated |
Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global workplace solutions |  | $ | — |  |  | $ | 3,721,365 |  |  | $ | — |  |  | $ | 3,721,365 |
Advisory leasing |  |  | 536,132 |  |  |  | — |  |  |  | — |  |  |  | 536,132 |
Advisory sales |  |  | 346,650 |  |  |  | — |  |  |  | — |  |  |  | 346,650 |
Property and advisory project management |  |  | 545,325 |  |  |  | — |  |  |  | — |  |  |  | 545,325 |
Valuation |  |  | 139,019 |  |  |  | — |  |  |  | — |  |  |  | 139,019 |
Commercial mortgage origination (1) |  |  | 20,040 |  |  |  | — |  |  |  | — |  |  |  | 20,040 |
Loan servicing (2) |  |  | 9,860 |  |  |  | — |  |  |  | — |  |  |  | 9,860 |
Investment management |  |  | — |  |  |  | — |  |  |  | 99,935 |  |  |  | 99,935 |
Development services |  |  | — |  |  |  | — |  |  |  | 68,850 |  |  |  | 68,850 |
Topic 606 Revenue |  |  | 1,597,026 |  |  |  | 3,721,365 |  |  |  | 168,785 |  |  |  | 5,487,176 |
Out of Scope of Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage origination |  |  | 108,986 |  |  |  | — |  |  |  | — |  |  |  | 108,986 |
Loan servicing |  |  | 48,153 |  |  |  | — |  |  |  | — |  |  |  | 48,153 |
Development services (3) |  |  | — |  |  |  | — |  |  |  | 827 |  |  |  | 827 |
Total Out of Scope of Topic 606 Revenue |  |  | 157,139 |  |  |  | — |  |  |  | 827 |  |  |  | 157,966 |
Total revenue |  | $ | 1,754,165 |  |  | $ | 3,721,365 |  |  | $ | 169,612 |  |  | $ | 5,645,142 |
|  | 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 |  |  | 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 |
(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.
|  | Nine Months Ended September 30, 2020 |
|  | Advisory Services |  |  | Global Workplace Solutions |  |  | Real Estate Investments |  |  | Consolidated |
Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global workplace solutions |  | $ | — |  |  | $ | 11,134,383 |  |  | $ | — |  |  | $ | 11,134,383 |
Advisory leasing |  |  | 1,653,367 |  |  |  | — |  |  |  | — |  |  |  | 1,653,367 |
Advisory sales |  |  | 1,018,853 |  |  |  | — |  |  |  | — |  |  |  | 1,018,853 |
Property and advisory project management |  |  | 1,623,486 |  |  |  | — |  |  |  | — |  |  |  | 1,623,486 |
Valuation |  |  | 418,616 |  |  |  | — |  |  |  | — |  |  |  | 418,616 |
Commercial mortgage origination (1) |  |  | 78,030 |  |  |  | — |  |  |  | — |  |  |  | 78,030 |
Loan servicing (2) |  |  | 30,290 |  |  |  | — |  |  |  | — |  |  |  | 30,290 |
Investment management |  |  | — |  |  |  | — |  |  |  | 324,745 |  |  |  | 324,745 |
Development services |  |  | — |  |  |  | — |  |  |  | 202,776 |  |  |  | 202,776 |
Topic 606 Revenue |  |  | 4,822,642 |  |  |  | 11,134,383 |  |  |  | 527,521 |  |  |  | 16,484,546 |
Out of Scope of Topic 606 Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage origination |  |  | 274,523 |  |  |  | — |  |  |  | — |  |  |  | 274,523 |
Loan servicing |  |  | 141,453 |  |  |  | — |  |  |  | — |  |  |  | 141,453 |
Development services (3) |  |  | — |  |  |  | — |  |  |  | 15,172 |  |  |  | 15,172 |
Total Out of Scope of Topic 606 Revenue |  |  | 415,976 |  |  |  | — |  |  |  | 15,172 |  |  |  | 431,148 |
Total revenue |  | $ | 5,238,618 |  |  | $ | 11,134,383 |  |  | $ | 542,693 |  |  | $ | 16,915,694 |
|  | 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 |  |  | 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 |
(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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