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DENVER-Rick Calhoun, a veteran broker and developer, has been named senior managing director of the Denver office for CB Richard Ellis. When he starts his new job around Aug. 1, he will be heading an office that closed more than $688 million in transactions last year.

Calhoun, 48, served as the managing director of the Oakland, CA office for CB Richard Ellis and as managing director of its Asset Services for Northern California. During his tenure, the assets service portfolio grew about 80% in size and doubled in revenue.

George Kallis, executive managing director at CB, personally hired Calhoun as a manager.

“I am very excited to see the culmination of his successful career at CB Richard Ellis lead to this opportunity to demonstrate his commitment to both the Denver office and the entire community as well,” Kallis says. ”The professionals in Denver are of the highest caliber and I am confidant that under Rick’s leadership, the Denver office will exceed all expectations, both internally and those of our clients.”

Calhoun began his real estate career as broker for the Denver office of Grubb & Ellis. He left Colorado for California in 1985 and says he is eager to return.

Calhoun says Denver, much like every city in the country, has seen its market soften in the past few months. But he thinks the downturn in Denver will be fairly short-lived, because the area is so diverse.

Calhoun says he expects to hire selectively as he determines niche markets not being served by teams or individual brokers.

Calhoun replaces Mike McKenna, who recently abruptly left the post with no public explanation. Days before he left, McKenna told he anticipated no hirings or firings at the Denver office, despite the $40 million in cost cuts by the company as it prepares to go private.

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