Los Angeles, November 10, 2014 — CBRE Group, Inc. today announced that Jeffrey R. Havsy, a leading analyst of commercial real estate, will join the company as Americas Chief Economist, effective December 1.
The Americas Chief Economist is a new position in which Mr. Havsy will work with CBRE’s research team to develop insight, analysis and a viewpoint on economic, financial and market trends impacting commercial real estate. Mr. Havsy joins CBRE from the National Council of Real Estate Investment Fiduciaries (NCREIF), where he was Director of Research.
“Jeff is a terrific addition to our Americas Research team, he is a leading real estate analyst and a top forecaster of future activity,” said Spencer Levy, Americas Head of Research. “His insight will be invaluable in formulating the thoughtful perspective on the macro environment essential to providing our clients with the best advice. Jeff’s addition to the CBRE team is another important step in further aligning our research and economic forecasting efforts to more efficiently meet the needs of our clients.”
Mr. Havsy will also lead a team of economists at CBRE Econometric Advisors (CBRE EA), the company’s real estate forecasting unit. He will work closely with Richard Barkham, CBRE’s Global Chief Economist, Bill Wheaton, the co-founder of CBRE EA, and Mr. Levy to further align CBRE’s forecasting and market research activities.
Mr. Havsy brings to CBRE a nearly two decade track record of producing results using economic analysis, commercial real estate research, strategic analysis, and risk management techniques for a wide range of financial assets. Prior to his role at NCREIF Mr. Havsy held senior real estate strategy positions at Property & Portfolio Research, Equity Office Properties and LaSalle Investment Management. He began his career as an economist at the Chicago Board of Trade.
Mr. Havsy received a B.A. in Economics from Lehigh University, an M.A. in Economics from the University of Virginia and did significant course work toward a Ph.D from the University of Virginia. He is a Homer Hoyt Fellow.
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 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 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.