Posted from: Richmond Times Dispatch
CBRE Inc. is beginning to make its push into the Richmond and Hampton Roads markets now that the global real estate firm is operating there after its agreement with a local affiliate expired at the end of last year.
Los Angeles-based CBRE has hired the first upper-level professionals in the two markets — a top hotel real estate professional and a multifamily specialist.
S. Douglas Henkel was named executive vice president and will lead the company’s hotel and brokerage sales in Norfolk, while Peyton Cox was named vice president overseeing multifamily sales in the Richmond and Hampton Roads markets.
The new hires come as CBRE ramps up operations for much of Virginia, including to identify a new market leader, recruiting professionals and setting up offices, as a shake-up has taken place in the commercial real estate industry in the Richmond region.
CB Richard Ellis of Virginia Inc., which had offices in Richmond, Charlottesville, Fredericksburg, Newport News, Norfolk and Virginia Beach, no longer operates as an affiliate of CBRE after Dec. 31. It became part of Colliers International Group Inc.
The former Colliers International affiliate returned to its roots as an independent commercial real estate brokerage under the Harrison & Bates name.
Henkel and Cox had worked at the former CBRE affiliate.
CBRE named veteran executive James A. “Jim” Reid to oversee the development of CBRE’s wholly owned business operations in Virginia as of Jan. 1.
Reid is leading the company’s early recruiting activities and providing strategic oversight, but he will be hiring a dedicated leadership team who, like Henkel and Cox, live in the region.