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Brett White. Arthur Mirante. Thomas D'Arcy. Joseph Azrack. Ethan Penner. Aside from their being among the industry's heaviest hitters, each has made a move in recent weeks or announced plans to do so.

White will step down as CEO of CBRE at year's end, while Mirante, who at one time was president and CEO at Cushman & Wakefield, has left his longtime employer to establish a New York City office for Toronto-based Avison Young. In the wake of BGC Partners' acquisition of Grubb & Ellis and the brokerage's absorption into what is now known as Newmark Grubb Knight Frank, Grubb CEO D'Arcy departed to take the reins of American Realty Capital Healthcare Trust. Azrack, a 30-year industry veteran who has served as global head of the real estate group at Apollo Global Management since 2008, has reached an agreement to transition from managing partner to chairman of the group, a position with less day-to-day involvement, according to an SEC filing. Often called “the father of CMBS,” Penner has stepped down from the presidency of CBRE Capital Partners, although he will continue to serve through October as advisor to group's funds.

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