Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-After forming less than a year ago, DTZ Rockwood has entered a rapid growth pattern, adding offices and personnel from coast to coast. Recently, the firm made what might be its biggest personnel coup with its addition of Robert K. Shibuya, who will serve as chief operating officer and establish a west cost presence for the firm.

DTZ pulls Shibuya away from Trammell Crow Co., where he was senior managing director of global brokerage. It’s the second time Shibuya’s fled a CB Richard Ellis owned entity. He left Insignia/ESG after it merged with CBRE earlier this decade, to join TCC.

Shibuya was unavailable for comment, but has already settled into his new digs at 1999 Avenue of the Stars in Century City. With DTZ, he will be responsible for the firm’s expansion in the U.S., Canada and Mexico. Shibuya will also be involved with strategic planning, business development and oversight of the firm’s operations.

Shibuya’s reputation for developing national and global brokerage platforms precedes him. In earlier conversations with GlobeSt.com, he has emphasized retaining existing high-end talent, while remaining on the lookout for additional top producers. When bringing aboard an executive at TCC last year, Shibuya told GlobeSt.com that part of the strategy is to “build a best-in-class brokerage platform.”

According to Shibuya, the brokerage business is changing, becoming more and more client-oriented. He has seen the brokerage business experience a massive overhaul in philosophy over the past 10 years. Back then, it was a first to the flag, productivity- and market share-driven industry. Now, it’s about “a single point of contact” enabling brokers to build and hang onto long-term and repeat business.

Shibuya has overseen the success of that philosophy over a 20-plus-year career and will have ample opportunity to implement his ideas at DTZ, where the firm is undergoing a major expansion. Last May, the company was formed through the combination of New York-based Rockwood Realty Associates LLC and London-based DTZ holdings PLC. In the merger, Rockwood sold a 50% interest in the firm to DTZ for an initial consideration of $45 million plus an earn-out component. The further deferred payment is subject to an overall cap of $75 million.

Last fall, DTZ expanded to Atlanta and Dallas and also now has offices in Chicago, Miami, Orlando, Palm Beach Gardens and Mexico City. Upon forming the new entity last year, Rockwood’s co-CEO/co-chairman Daniel McNulty told GlobeSt.com the merger, and subsequent expansion, is “all about proximity. We can be in front of the clients’ needs for additional services (now). DTZ (already) has a great background in raising capital.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.