CBRE's president of Valuation & Advisory Services DouglasHaney tells GlobeSt.com the company has been courting Synder fornearly five years. "He has an excellent practice; he does work allover the country and has a great reputation," Haney says. "Wefinally made him an attractive deal."

Haney declined to get specific about the package CBRE puttogether to lure Snyder, but it's clear that the compensationpackage included substantial consideration for his 12-year-oldbusiness, the Synder Co. In addition to the money, Synder isgaining time, says Haney.

"When you have independent practice, isn't just about winningappraisal work, it's about managing people, receivables, equipmentand education costs," Haney says. "The long and short of it is youdon't have any time to yourself; the platform that CB provides willallow Larry to increase his own personal income without themanagement task component, which just eats you up over time."

Synder tells GlobeSt.com that he's looking forward to winninglarger assignments than his independent firm could manage andspending more time with his family than he could when he was abusiness owner as well as an appraiser. "I have a wife and threekids and we love to travel," he says. "I'm hoping this frees me upto do a little bit more of that."

For CBRE, it fills a noticeable void. "We have one of thelargest hotel and gaming brokerage businesses in the country butour hotel and gaming appraisal practice had no expertise on thegaming side," Haney says. "He's a great addition to the platform;he has a strong clientele and we haven't been able to do as much ingaming as we would like."

Snyder founded his company in 1994. Appraisal assignments haveincluded the MGM Grand, Venetian, New York New York and Hard RockHotel & Casino in Las Vegas; the Silver Legacy, Atlantis HotelCasino and Boomtown Casino & Hotel in Reno; and others inIllinois, Missouri, Louisiana and Mississippi. Snyder's experiencesalso extends to hotels, motels, restaurants, retail centers,offices, race tracks, medical properties, self-storage facilities,industrial properties and residential developments.