AIG Taps CBRE to Manage Global Portfolio

NEW YORK CITY-Insurance giant American International Group, based here, is giving CB Richard Ellis the job of managing its real estate occupancy portfolio, totaling 17 million square feet worldwide. Separately, CBRE announced that another global financial services client has signed on for comparable services: NYSE Euronext, whose three-million-square-foot owned and leased portfolio includes the New York Stock Exchange Building at 11 Wall St.

Mitch  Rudin, president and CEO of the New York tri-state region, led the CBRE team that landed the AIG assignment, along with Kevin Danehy, New York City-based EVP for global corporate services. Terms of the AIG deal were not disclosed; a release says it’s a multi-year contract that entails facilities, project management and advisory services.

The partnership with CBRE “will help AIG to realize significant efficiencies and cost-savings in our business operations worldwide," said Joe Barile, AIG’s SVP for global corporate real estate and client services, in a release. AIG operates in more than 130 countries and jurisdictions.

Coordinating the work of CBRE across AIG’s portfolio worldwide will be Paul Messina, named the relationship manager on the assignment. CBRE says it signed 19 new outsourcing contracts in the third quarter and 45 in the first nine months of 2010.

On the NYSE Euronext deal, CBRE has been named the exclusive outsourcing provider of global real estate transaction management services and the preferred provider of global facilities management services. Along with the New York Stock Exchange, the portfolio also includes stock exchange buildings in Amsterdam, Brussels, Lisbon and Paris.

A CBRE spokesman tells GlobeSt.com that John C. Maher, a Stamford, CT-based executive managing director, led the pursuit team that landed the NYSE Euronext assignment. Relationship manager for the portfolio is managing director Cindy Feury, the spokesman says.