CBRE Appoints Retail, Investment Execs

The other two who are moving to new posts are Bob Burke and Chad Brue. Burke will step into the position formerly held by Buono in the investment properties group, while Brue will take on Burke's former position as head of the company's private client group.

Buono will lead 500 sales, management and leasing professionals and the largest retail practice in the US. Christopher Ludeman, president of US brokerage for CBRE, says that one of the goals of the retail services division is "doubling our USretail revenues over the next few years."

To reach that and other goals, CBRE says that it "will pursue an aggressive growth strategy thatincludes strengthening its national tenant representation practice, expanding service offerings for retail developers and increasing talent through recruiting and selective acquisitions."

Most recently, Buono served as senior managing director of the western region of CBRE's investment properties group, which achieved $48 billion in total investment sales in 2005. Before that, he was a senior member of the retail services group for five years.

CBRE launched the private client group in 2000to specialize in the needs of individual investors.During Burke's tenure, the group's business volume tripled, notes Greg Vorwaller, president of the investment properties group.

Brue joined CBRE in 2003 and has led one of the Company's foremost private client teams nationally, directing a five-member group of professionalsbased in Denver that was responsible for $400million of property sales to individual investors in three years. As head of the national private client group, he will coordinate the work of more than 162 professionals working in 68 teams across the country.