CBRE Inc. is cutting ties with its Virginia affiliates.

CBRE Inc. and CB Richard Ellis of Virginia Inc. have agreed to end their affiliate agreement covering the markets of Charlottesville, Fredericksburg, Newport News, Norfolk, Richmond and Virginia Beach on Dec. 31, according to a two-sentence announcement Monday morning.

CBRE Inc. said it will operate as a wholly-owned business in all Virginia markets starting in January, according to the announcement. A CBRE Inc. spokesman would not comment beyond what was in the announcement.

Monday afternoon, J. Scott Adams, a CBRE regional president of the mid-south affiliate offices, issued a statement on the split.

“Today marks an important day in our company’s exciting future,” Adams said in the statement. “We believe we have substantial growth opportunities both within Virginia and beyond.”

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