CB Richard Ellis Group (CBRE) has been selected as global real estate outsourcing provider for the Hertz corporation in Europe and North America. The nearly 3,000 locations covered include office space, reservations centers, data centers, equipment rental locations and car rental facilities. CBRE will provide a full range of integrated real estate management services, including transaction management, facility management as well as construction and project management. The agreement is the result of Hertz’s strategic initiatives aimed at cutting costs, increasing efficiency and improving operating profitability.