Real estate services firm, CBRE Group Inc. CBG reported first-quarter 2016 adjusted earnings of 36 cents per share, beating the Zacks Consensus Estimate of 33 cents and ahead of the prior-year tally of 32 cents. A rise in revenues aided the results.Cbre Group Inc. (CBG) EPS BNRI & Surprise Percent - Last 5 Quarters | FindTheCompany Revenues came in at $2.85 billion, up 39% year over year. But, it missed the Zacks Consensus Estimate of $2.93 billion. Fee revenues were also up 25% to $1.8 billion. However, excluding the Global Workplace Solutions (“GWS”) business, both revenues and fee revenues climbed 7%.Quarter in DetailRevenues from the Americas increased 29% (30% in local currency) year over year to $1.58 billion during the quarter.Revenues from the EMEA region (primarily Europe) grew 72% (79% in local currency) year over year to $847.5 million; while that from Asia-Pacific (including Asia, Australia and New Zealand) climbed 48% (54% in local currency) to $308.5 million.In the Global Investment Management segment, revenues totaled $90.4 million, down 18% (15% in local currency) year over year. In the Development Services segment, revenues grew 37% (37% in local currency) to $16.8 million.LiquidityCBRE exited first-quarter 2016 with cash and cash equivalents of $489.2 million, down from $540.4 million as of Dec 31, 2015.2016 OutlookThe company continues to predict double-digit growth in 2016 and it expects the year’s adjusted earnings per share to be in the range of $2.27–$2.37. Currently, the Zacks Consensus Estimate for 2016 is pegged at $2.32.Our ViewpointGoing forward, we believe the company would benefit from strategic in-fill acquisitions, transformational deals, and improvement in leasing, property sales and outsourcing business. Yet, uncertainties in certain global economies, stiff competition and unfavorable foreign currency movements remain as concerns.CBRE Group currently has a Zacks Rank #3 (Hold).Investors interested in the real estate industry may consider stocks like Forestar Group Inc. FOR, Brookfield Asset Management Inc. BAM and Reis, Inc. REIS. While Forestar Group sports a Zacks Rank #1 (Strong Buy), both Brookfield Asset Management and Reis carry a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CBRE GROUP INC (CBG): Free Stock Analysis Report BROOKFIELD ASST (BAM): Free Stock Analysis Report FORESTAR GROUP (FOR): Free Stock Analysis Report REIS INC (REIS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research