CBRE Picks Allegretti to Direct Asset Services

"Paul is one of the brightest, most detail-oriented and highly capable professionals in the asset services arena," notes Mitchell Rudin, president of CBRE's New York Tri-State Region. "Under Paul's direction, our Asset Services Group will not only strengthen its existing client relationships but further expand its management portfolio throughout the New York Tri-State Region."

Earlier this year, CBRE committed to environmental sustainability, revealing plans to become carbon neutral by 2010 and assist its clients with energy efficiency programs at the 1.7 billion sf of building space it manages worldwide. Recently, CBRE assembled a portfolio of 100 buildings nationwide for inclusion in the US Green Building Council's Portfolio Program, a partnership program that will sharply increase the number of existing office buildings that are operated under LEED standards. Allegretti will have extensive involvement in the integration of the properties selected for the portfolio that are located in the tristate region. Allegretti declined to comment to GlobeSt.com at this time regarding plans he has in place for the group, nor did he want to make proclamations about future plans.

Allegretti has more than nine years of property and portfolio management experience. He has been with CBRE on and off for the past decade-plus, working for Insignia/ESG as a portfolio manager in 2002, and then returning to CBRE for good in 2004. He also worked as a property manager at the Edward S. Gordon Co. in the early '90s.

Allegretti's significant asset services assignments include serving as the director for a seven-million-sf portfolio of office properties that included 1290 Avenue of the Americas, 14 Wall St., 5 Penn Plaza and 501 Seventh Ave., as well as overseeing portfolios for clients such as Chanel and Scholastic.

Allegretti will be based in CBRE's Midtown Manhattan office.