Los Angeles, October 1, 2013 – CBRE Group, Inc. today announced that Mike Gerard has been named Global President, Valuations, a new position for the company.
In this role, Mr. Gerard will oversee the global integration and growth of CBRE’s Valuation Services business line. CBRE is the global leader in Valuations. In 2012, the company’s 1,500 Valuation professionals performed more than 118,000 valuation assignments around the world, and in 2013, CBRE was voted the top global Valuation advisor by the readers of Euromoney magazine.
“The increasing flows of global capital into commercial real estate has heightened the need for valuations that meet uniform, exacting standards around the world. CBRE is uniquely positioned to meet this need given the scope of our reach and the quality of our professionals,” said Mike Lafitte, Chief Operating Officer of CBRE. “Mike Gerard is a proven leader with deep knowledge of CBRE’s platform and our growth agenda. He has excelled in senior leadership positions of increasing responsibility, and we look forward to his contributions to our Global Valuations business.”
Mr. Gerard will work closely with CBRE’s Regional Valuation leaders – Tom McDonnell in the Americas, Mike Steur in APAC and Mark Creamer in EMEA – to enhance the company’s service offering for clients.
He has been with CBRE since 2005. Most recently, he served as President of the U.S. Central Division, where he provided executive oversight for 29 offices in nine states. Prior to that, he served as Chief Learning Officer, where he was responsible for CBRE’s learning and development programs, including CBRE University. Earlier, he led CBRE’s Midwest Region, overseeing eight offices in five states and before that, the Detroit area operations. .
Mr. Gerard is a past winner of CBRE’s President’s Award and a two-time winner of the firm’s Chairman’s Award. He has been named a top executive by Detroiter magazine and Crain’s Detroit Business. He holds B.A. and MBA degrees from Michigan State University.
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 and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 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 website at www.cbre.com.