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LOS ANGELES-CB Richard Ellis Group Inc. has named Michael J. Lafitte, president of the LA-based company’s institutional and global corporate services line of business, as the new president of the company’s Americas business. Lafitte, who will continue to be based in CBRE’s Dallas office, succeeds Calvin W. Frese Jr., who became CBRE’s global chief operating officer earlier this year.

As Americas president, Lafitte will direct all of the CBRE business lines and shared services functions in the US, Canada and Latin America. The Americas is the company’s largest business segment with 2008 revenue of more than $3.2 billion.

Lafitte joined CB Richard Ellis in December 2006 with CBRE’s acquisition of Trammell Crow Co. Since then, he has presided over the company’s Institutional and Global Corporate Services business. Despite the challenges of the economy, CBRE notes in its announcement regarding Lafitt’es appointment, the line has grown into a $1.7 billion annual business and represented more than 40% of the company’s global revenue for the first six months of 2009.

Lafitte began his real estate career in 1984 as a leasing agent atLincoln Property Co. Over the past 25 years, has held leadershipand production roles at Bear Stearns Real Estate Group and Premisys, aformer affiliate of Prudential Life Insurance Co., before joiningTrammell Crow in 1997.

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