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CBRE re-organizes into three global units

One of the world’s largest managers of retail real estate properties has announced it will re-organize itself into three global businesses.

CBRE will move away from its regional management setup and organize its operations around three new units: Advisory Services, Global Workplace Solutions, and Real Estate Investments. The CEO roles have been eliminated for the three regions, which were broken out into the Americas; Europe, the Middle East, and Africa; and Asia Pacific.

Mike Lafitte has been promoted to Global CEO, Advisory Services, with responsibility for leasing, sales and mortgage services, property management, valuation services, and local project management service lines across the aforementioned regions.

Jack Durburg, who previously served as Americas CEO, has been promoted to global chief operating officer, a new position. He will have responsibility across the entire company for service line excellence, operating efficiencies, and its global client care program.

In January 2019, Steven Swerdlow, will be promoted to Group President, reporting to Durburg. His duties will include responsibility for global research and marketing, and support for worldwide M&A activity in partnership with CBRE’s Corporate Development team.

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