Dallas, TX – January 14, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (CBRE) has appointed Michael Caffey as Senior Managing Director and Dallas/Fort Worth market leader. In that role Mr. Caffey will be responsible for overseeing all business lines for CB Richard Ellis in the North Texas market area as well as the Company’s Oklahoma affiliate operations. Mr. Caffey is currently a Managing Director in CBRE’s Dallas office. He succeeds Mark Fewin, who was named last November as Global Leader for Project Management Services.
“Michael’s strong blend of unswerving client focus, keen market insight and deep knowledge of commercial real estate services makes him the right person to expand CBRE’s legacy of leadership in the North Texas market,” said Jim Reid, President of CB Richard Ellis’ U.S. Eastern Division.
In his prior role as Managing Director, Mr. Caffey was responsible for creating and implementing the business strategies for CBRE’s occupier services enterprises for all major asset classes throughout the Dallas/Fort Worth market. His extensive experience in commercial real estate includes corporate real estate outsourcing of transaction, project and facilities management, in addition to his experience in real estate finance and brokerage services. Additionally, Mr. Caffey’s experience spans many markets within the United States as well as Canada, Central America and South America.
Prior to joining CBRE, Mr. Caffey was with Lehman Brothers and served as a Business Development Officer. Previous affiliations include Trammell Crow Company, Jones Lang LaSalle and Grubb and Ellis. Mr. Caffey received a Bachelor of Business Administration from the University of Mississippi.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2009 revenue). The Company has approximately 29,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.