"The four people decided to change uniforms and join CBRE," John Derham, senior managing director of locally based C&W of Pennsylvania, tells GlobeSt.com. "We at C&W will continue to do the fine work we do." Regarding their replacements, he adds, "We will diligently review both internal and external clients to fill their posts."

Fahey has completed transactions in excess of $4 billion, including more than $750 million during the past two years. According to a CBRE statement, he ranked within the top 3% for revenue production nationally from 1993 through 2003. Hines also closed transactions of more than $750 million over the past two years. Altogether, he has closed on more than $3 billion in transactions. His ranking for revenue production nationally parallels Fahey's. Each man has 20 years of experience in commercial real estate.

Both Blunt and McGowan have a decade of experience in the industry. In 2002, Blunt ranked number one on Black's guide list of Philadelphia's top 10 real estate brokers under the age of 35. McGowan received the deal of the year award in 1996 for her involvement in the disposition of the former headquarters of Bell Atlantic at One Parkway.

"The addition of this diverse team of investment property experts accelerates our position in the regional market, and more importantly, it strengthens our ability to provide our clients maximum value and best practice services," says Robert W. Walters, senior managing director for CBRE's greater Philadelphia metro office, in a statement.

In the same statement, Gregory S. Vorwaller, president of investment properties for CBRE here, praises Fahey and Hines as "star investment brokers." The arrival of the team, he adds, "catapults us to the number one position as investment sales experts in the greater Philadelphia marketplace." Vorwaller's group focuses on the disposition and acquisition of income-producing properties for third-party clients.

Instant Insights /

Quartet of Investment Sales Pros Leave C&W for CBRE

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