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Revenue from Contracts with Customers (Tables)
9 Months Ended
Sep. 30, 2022
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):
Three Months Ended September 30, 2022
Advisory
Services
Global
Workplace
Solutions
Real Estate
Investments
Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $3,671,930 $— $— $3,671,930 
Advisory leasing989,615 — — — 989,615 
Advisory sales600,527 — — — 600,527 
Property management458,292 — — (5,732)452,560 
Project management— 1,171,809 — — 1,171,809 
Valuation177,198 — — — 177,198 
Commercial mortgage origination (1)
59,149 — — — 59,149 
Loan servicing (2)
13,869 — — — 13,869 
Investment management— — 146,695 — 146,695 
Development services— — 95,142 — 95,142 
Topic 606 Revenue2,298,650 4,843,739 241,837 (5,732)7,378,494 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination71,276 — — — 71,276 
Loan servicing63,875 — — — 63,875 
Development services (3)
— — 15,901 — 15,901 
Total Out of Scope of Topic 606 Revenue135,151 — 15,901 — 151,052 
Total Revenue$2,433,801 $4,843,739 $257,738 $(5,732)$7,529,546 
Three Months Ended September 30, 2021
Advisory
Services
Global
Workplace
Solutions
Real Estate
Investments
Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $3,480,090 $— $— $3,480,090 
Advisory leasing869,124 — — — 869,124 
Advisory sales673,411 — — — 673,411 
Property management432,658 — — (4,795)427,863 
Project management— 687,053 — — 687,053 
Valuation176,644 — — — 176,644 
Commercial mortgage origination (1)
82,033 — — — 82,033 
Loan servicing (2)
11,594 — — — 11,594 
Investment management— — 135,175 — 135,175 
Development services— — 87,588 — 87,588 
Topic 606 Revenue2,245,464 4,167,143 222,763 (4,795)6,630,575 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination99,780 — — — 99,780 
Loan servicing66,903 — — — 66,903 
Development services (3)
— — 1,069 — 1,069 
Total Out of Scope of Topic 606 Revenue166,683 — 1,069 — 167,752 
Total Revenue$2,412,147 $4,167,143 $223,832 $(4,795)$6,798,327 
_______________________________
(1)We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606.
(2)Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606.
(3)Out of scope revenue for development services represents selling profit from transfers of sales-type leases in the scope of Topic 842.
Nine Months Ended September 30, 2022
Advisory
Services
Global
Workplace
Solutions
Real Estate
Investments
Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $11,292,738 $— $— $11,292,738 
Advisory leasing2,732,045 — — — 2,732,045 
Advisory sales1,936,073 — — — 1,936,073 
Property management1,375,156 — — (12,751)1,362,405 
Project management— 3,264,762 — — 3,264,762 
Valuation554,879 — — — 554,879 
Commercial mortgage origination (1)
214,333 — — — 214,333 
Loan servicing (2)
41,710 — — — 41,710 
Investment management— — 454,816 — 454,816 
Development services— — 297,635 — 297,635 
Topic 606 Revenue6,854,196 14,557,500 752,451 (12,751)22,151,396 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination221,345 — — — 221,345 
Loan servicing194,691 — — — 194,691 
Development services (3)
— — 66,325 — 66,325 
Total Out of Scope of Topic 606 Revenue416,036 — 66,325 — 482,361 
Total Revenue$7,270,232 $14,557,500 $818,776 $(12,751)$22,633,757 
Nine Months Ended September 30, 2021
Advisory
Services
Global
Workplace
Solutions
Real Estate
Investments
Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $10,395,345 $— $— $10,395,345 
Advisory leasing2,082,248 — — — 2,082,248 
Advisory sales1,677,557 — — — 1,677,557 
Property management1,283,090 — — (15,397)1,267,693 
Project management— 1,880,403 — — 1,880,403 
Valuation517,460 — — — 517,460 
Commercial mortgage origination (1)
187,995 — — — 187,995 
Loan servicing (2)
32,100 — — — 32,100 
Investment management— — 406,516 — 406,516 
Development services— — 258,281 — 258,281 
Topic 606 Revenue5,780,450 12,275,748 664,797 (15,397)18,705,598 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination295,561 — — — 295,561 
Loan servicing181,133 — — — 181,133 
Development services (3)
— — 13,527 — 13,527 
Total Out of Scope of Topic 606 Revenue476,694 — 13,527 — 490,221 
Total Revenue$6,257,144 $12,275,748 $678,324 $(15,397)$19,195,819 
_______________________________
(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.