Los Angeles, CA – January 18, 2011 – CB Richard Ellis Group, Inc. (CBRE) announced today that Tony Long has been named Global Leader of the company’s Asset Services business line. Mr. Long will also continue to serve as CBRE’s President of Asset Services in the Americas.
“CB Richard Ellis is already the world’s largest manager of commercial property, and the globalization of our key business lines is a high-priority initiative,” said Cal Frese, Group President of Global Services at CBRE. “With Tony’s global leadership we have the opportunity to vastly accelerate the growth of our portfolio and achieve a level of success in third-party property management that is unrivaled in our industry.”
During 2010, CBRE’s Asset Services Group worked toward integrating its service offering globally with the goals of enhancing client service, building market share, identifying and adopting best practices and mitigating risk. The company has already seen the benefits of a more unified global brand, cooperative cross-border client pursuits and enhancements to its service-delivery platform.
Mr. Long assumes the global leadership position immediately. Based in Dallas, Mr. Long is a 25-year veteran of CBRE who has overseen the growth of the company’s Asset Services business in the Americas, including winning the 75 million-sq.-ft. RREEF portfolio in late 2009—the largest third-party property management assignment ever awarded. Mr. Long will also continue to oversee the firm’s Asset Services business in the Americas.
Mr. Long holds a BA from the University of Texas and an MBA from Harvard University. He joined Trammell Crow Company (predecessor to CBRE) in 1984 and has held a variety of management roles. He has been President of CBRE’s Asset Services business in the Americas for the past four years.
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 Web site at www.cbre.com .