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[IMGCAP(1)]PHOENIX-Craig Henig has been promoted to senior managing director of the Greater Phoenix office for CB Richard Ellis. He replaces Gregory Coxon, who has left to fill Grubb & Ellis Co.’s newly created position of president of transaction services of the western region.

Henig’s new position is effective immediately. “Basically, the buck stops with him in Phoenix,” says Steven Swerdlow, president of CBRE’s western division.

Swerdlow says CBRE has a top-down succession plan mandate, in which all directors are required to select a successor. He says Henig was the logical choice in Phoenix because of his talent and his abilities. “He’s very well liked by our people in Phoenix and our clients and has successfully run operations at Insignia and Trammell Crow,” Swerdlow says. “It was a natural progression for him to take over the operations.”

Henig joined the CBRE team in November 2006 as managing director following the acquisition of Trammell Crow Co. He says the promotion represented a good move for him and his family and was a logical next step for his career.

Henig tells GlobeSt.com that one of his focuses will be to promote CBRE’s enterprise services, which include asset management, debt and equity financing and valuation. “This is a line of services that CBRE received when it merged with Trammell Crow,” Henig explains. “During the transition, it was something we were all thinking about and thinking about how to incorporate. Now that we’ve transitioned, we’re going to put more emphasis on offering those services.”

Henig says the current economic climate is one reason for the special emphasis. Although the downturn has hit hard in Phoenix, he views the situation as an opportunity to showcase CBRE’s enterprise services. “During times like these, our clients look to us to give them expertise and help and in different areas,” he says. “With these enterprise services, we can provide all of that–and under one roof.”

While at TCC, Henig was senior vice president and area director. During his 20-year career, he’s worked for Insignia/ESG, Mack-Cali Realty Corp. and Cushman & Wakefield Inc.

[IMGCAP(2)]During the past 1.5 years, Henig and Coxon have worked closely together. Henig says Coxon will be missed. “He’s been a great leader and great partner and has worked in this market for many years,” he adds. “We personally wish him the best.”

Coxon, who remains based in Phoenix, will oversee Grubb & Ellis offices west of the Mississippi. He also will have an integral role on the transaction services’ management team and executing a strategy to expand the brokerage footprint.

The 28-year veteran began his career at Grubb & Ellis, spending the last two decades at CBRE where he rose to senior managing director of the Arizona region. “It’s exciting to be returning to the place where I began my brokerage career,” he says in a press release. “I’m looking forward to being a part of the new Grubb & Ellis and contributing to the company’s long-term growth.”

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