Los Angeles – March 6, 2012 – CBRE Group, Inc. today announced that Jack Durburg has been promoted to Global President, Transaction Services, effective immediately. In this newly created position, Mr. Durburg will concentrate on expanding CBRE’s leadership position in leasing, capital markets and transaction management services globally across all property types, working closely with the regional and business line leaders in the Americas, Asia Pacific and EMEA.
Mr. Durburg is currently President of CBRE’s Central Division in the United States, which encompasses more than 25 offices in nine states. His successor for that position will be named in the near future. In his new role Mr. Durburg will report to Bob Sulentic, Global President of CBRE, and will become a member of the company’s Global Operating Committee.
“Transaction-based businesses are core to CBRE, and we have long held the leading market position globally,” Mr. Sulentic said. “With Jack in this new role, we will more closely coordinate our service delivery around the world and further enhance our status as the ‘go-to’ firm for property leasing, tenant representation, investment sales and financing as well as the transaction services we provide to our global outsourcing customers.”
Mr. Durburg joined CBRE in June 2001 as a Managing Director and member of the Chicago leadership team. He was named Senior Managing Director and Chicago market leader in July 2003 and promoted to Executive Managing Director in December 2007, subsequently taking on additional oversight for the company’s operations in Minneapolis and Milwaukee. As Chicago market leader, Mr. Durburg oversaw the highly successful integration of the local Insignia/ESG operations, which CBRE acquired in 2003, and the Trammell Crow Company operations, which CBRE acquired in 2006. He became President of the Central Division in 2011.
About CBRE Group, Inc.
CBRE 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 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE 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.