Los Angeles – October 1, 2012 – CBRE Group, Inc. is pleased to announce that Gary Beban, senior executive managing director of Global Corporate Services at CBRE, has been presented with the Innovator Award by the University of Wisconsin-Madison’s James A. Graaskamp Center for Real Estate. The Innovator Award was developed by the university based on the belief that rich history cannot be established without continually implementing innovation.
“Gary was selected based on his executive leadership role at CBRE, and, markedly, for his early pioneering effort that ultimately lead to CBRE’s rise to the industry’s global leader,” says Michael Brennan, executive director for the Graaskamp Center. “We applaud Gary for his ability to lead transformational change during his time as president and his still-constant encouragement of others for innovative thinking.”
Mr. Beban joined the Los Angeles office of CBRE in 1971. In 1975, he worked to establish the company’s first Chicago office as the company began expanding nationally. Mr. Beban served as the company’s president of brokerage from 1987 to 1998. During this time as president, he was a key player in achieving the company’s overall vision, which was to create the preeminent global, vertically integrated market leader in commercial real estate as set forth by former CEO Jim Didion.
Together, Mr. Didion and Mr. Beban diversified the company’s service revenues to lessen the dependence on brokerage. The team helped to broaden the company’s service platform to include Global Corporate Services and numerous other advisory service business lines that still exist today, and ramped up the talent in the investment sales division, a step that was unheard of at the time.
Also during his tenure as president, Mr. Beban supported the implementation of a sales training program and the foundation of CBU (CB Commercial Center) to help brokers refine their expertise with data integration, demographic analysis, marketing, and presentation skills.
“Gary has been an outstanding CBRE leader and professional for decades,” says Brett White, CBRE’s chief executive officer. “He helped to engrain a culture of loyalty, mutual respect, innovation, and collaboration that helped CBRE and our professionals to succeed. Gary speaks regularly to our young professionals at CBRE University, helping them to understand the company’s rich history and inspiring them to realize their full potential. It is fitting for Gary to win this award and I offer him my congratulations.”
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. To learn more, please visit www.cbre.com online.