Steve Sheldon

Have you seen demand for more flexible space start to pick up? Is that something that could structure -- if, let's say, average lease duration start to pull back

do you see similar opportunities with other big tech and AI companies. And then as we think about something like that, is it more like a onetime revenue opportunity

can you just give us some more detail on the onetime expenses, the weight on Project Management margins in the quarter

can you just give some more detail on what you're seeing in the pipeline and what you've baked into the guidance for 2027

where do you see the biggest avenues for CBRE to grow supporting data centers? And should investors be expecting monetization around data centers to continue becoming a bigger part

any update on what you're doing there and the time line, if some of these things work, the time line to potentially see wallet share gains

would we be right to think that growth there is likely to remain at least in the double digits in the second half

how would you think about managing the cost structure

have you been able to grow capacity, grow producer headcount? How much competition is out there for talent at this point

how are you thinking about the outlook for industrial leasing in 2025

So curious what do you think is driving that improvement? Is it better breadth of leads, higher lead quality

is your thinking about the degree of pricing increases changed at all? I think you've typically talked about roughly 3% to 5% annual uplift

how long do you think it could take for revenue growth there to accelerate as you shift more to the asset-based pricing model