Dieter tells GlobeSt.com exclusively, that retirement now makessense for a couple of reasons. "I've been doing this for such along time I've never been able to take a step back and look at theworld look at my self and just take a deep breath and see what'sahead of me," he says.

Additionally, with the market in a tailspin there are newchallenges industry professionals are up against. "It's a good timefor a new, young, passionate successor to allow me to pass thebaton," Dieter says.

Schreyer will spend the next couple months working Dieter tolearn the ropes. In his new position he'll be heading a servicegroup of over 950 industrial professionals. In 2008, the groupcompleted 8,175 transactions in the Americas totaling $14.6billion. Schreyer, who will remain based out of Cincinnati, willcontinue in Dieter's footprints by traveling around the country tosee firsthand the markets, buildings and companies CBRE dealswith.