CBRE raised $40,000 to benefit Valley-area charities at its 14th Annual Charity Golf Tournament recently at Grayhawk Golf Club in Scottsdale.

The primary beneficiary from this year’s tournament was Phoenix Children’s Hospital, which is one of the 10 largest children’s hospitals in the country, and the only children’s hospital in Arizona. A number of other charities also received donations.

One hundred fourty CBRE professionals and their clients competed for the tournament trophy, which is displayed in CBRE’s Camelback Esplanade office lobby.

The first-place team was Mike Spiegel, Ben Hayes, Chris Quiett and Tom Adelson, and the low net winning team was Rob Pinell, Rob Milmont, Derek Ruterman and Jim Matlock.

Over the past 14 years, CBRE’s Charity Golf Tournament has raised more than $1.1M dollars for charity.