LOS ANGELES-Cushman & Wakefield says Eric Olofson has been promoted to executive vice chairman.
Olfoson, who has managed Cushman & Wakefield's West Los Angeles office since 1999, has been the company's top producing broker for the U.S. West Region annually since 2005. He was also the company's first West Region professional to be named to his previous title of vice chairman in 2008.
“We are delighted to name Eric executive vice chairman—a title that is rarely awarded at Cushman & Wakefield,” said James Underhill, Cushman & Wakefield's CEO of the Americas. “He is an industry leading brokerage professional, a mentor, and one of our company's most important voices. Through his actions, he sets an example for others while continuously executing on our mission to provide the most creative and innovative services on a consistent basis, driving meaningful value to our clients.”
Promotions at Cushman & Wakefield are awarded based on consistent top level production, as well as carrying out the core values of the firm – integrity and respect; collaboration and trust; confidence, and mentorship. Beyond professional achievement, employees must demonstrate leadership in the communities they serve by dedicating themselves as mentors to younger professionals and by participating in charitable organizations and events. Olofson's community involvement includes past chairman of the board of directors for The UCLA Foundation and chairman of the Los Angeles Region of the Boys Scouts of America.
“The strength of our firm is our people,” Underhill added. “They drive our vision, mission and values. Having a role model like Eric in Los Angeles, leading our entrepreneurial and collaborative culture, is what keeps Cushman & Wakefield at the forefront of the industry.”
Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 253 offices in 60 countries and nearly 15,000 employees. It offers a complete range of services for all property types. The firm has more than $3.7 billion in assets under management globally.
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