Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2020

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 by type of service and/or segment (dollars in thousands):


	Year Ended December 31, 2020
	Advisory Services		Global Workplace Solutions		Real Estate Investments		Consolidated
Topic 606 Revenue:
Global workplace solutions	$	—	$	15,295,673	$	—	$	15,295,673
Advisory leasing	2,404,273		—		—		2,404,273
Advisory sales	1,658,702		—		—		1,658,702
Property and advisory project management	2,204,263						2,204,263
Valuation	614,307		—		—		614,307
Commercial mortgage origination (1)	130,883		—		—		130,883
Loan servicing (2)	45,692		—		—		45,692
Investment management	—		—		474,939		474,939
Development services	—		—		341,387		341,387
Topic 606 Revenue	7,058,120		15,295,673		816,326		23,170,119
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination	446,968		—		—		446,968
Loan servicing	193,904		—		—		193,904
Development services (3)	—		—		15,204		15,204
Total Out of Scope of Topic 606 Revenue	640,872		—		15,204		656,076
Total revenue	$	7,698,992	$	15,295,673	$	831,530	$	23,826,195


	Year Ended December 31, 2019
	Advisory Services		Global Workplace Solutions		Real Estate Investments		Consolidated
Topic 606 Revenue:
Global workplace solutions	$	—	$	14,164,001	$	—	$	14,164,001
Advisory leasing	3,269,993		—		—		3,269,993
Advisory sales	2,130,979		—		—		2,130,979
Property and advisory project management	2,255,398		—		—		2,255,398
Valuation	630,399		—		—		630,399
Commercial mortgage origination (1)	154,227		—		—		154,227
Loan servicing (2)	30,943		—		—		30,943
Investment management	—		—		424,882		424,882
Development services	—		—		213,264		213,264
Topic 606 Revenue	8,471,939		14,164,001		638,146		23,274,086
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination	421,736		—		—		421,736
Loan servicing	175,793		—		—		175,793
Development services (3)	—		—		22,476		22,476
Total Out of Scope of Topic 606 Revenue	597,529		—		22,476		620,005
Total revenue	$	9,069,468	$	14,164,001	$	660,622	$	23,894,091


	Year Ended December 31, 2018 (4)
	Advisory Services		Global Workplace Solutions		Real Estate Investments		Consolidated
Topic 606 Revenue:
Global workplace solutions	$	—	$	12,365,362	$	—	$	12,365,362
Advisory leasing	3,080,117		—		—		3,080,117
Advisory sales	1,980,932		—		—		1,980,932
Property and advisory project management	2,057,433		—		—		2,057,433
Valuation	598,806		—		—		598,806
Commercial mortgage origination (1)	136,534		—		—		136,534
Loan servicing (2)	24,192		—		—		24,192
Investment management	—		—		434,405		434,405
Development services	—		—		100,319		100,319
Topic 606 Revenue	7,878,014		12,365,362		534,724		20,778,100
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination	402,814		—		—		402,814
Loan servicing	159,174		—		—		159,174
Total Out of Scope of Topic 606 Revenue	561,988		—		—		561,988
Total revenue	$	8,440,002	$	12,365,362	$	534,724	$	21,340,088

_______________

(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.

(4)Our new organizational structure became effective January 1, 2019. See Note 19 for additional information. Revenue classifications for 2018 have been restated to conform to the new structure.