News Summary
CBRE has promoted Mike Brucato to executive managing director and market leader for Greater Boston, overseeing advisory services and business development. His strong real estate background spans nearly twenty years, including leadership roles in investment sales and leasing. The news comes alongside similar leadership changes at other firms such as Lee & Associates and Davis Cos., reflecting a proactive approach within the commercial real estate sector.
Boston, MA – In a significant restructuring within the commercial real estate sector, CBRE has elevated Mike Brucato to the position of executive managing director and market leader for the Greater Boston region. With nearly two decades of experience, Brucato is set to supervise business development growth for CBRE’s advisory services across Massachusetts and the surrounding areas of Maine, New Hampshire, Vermont, and Rhode Island.
Brucato’s leadership role includes steering investment sales, leasing, valuation, financing, and management services. Before assuming this new title, he served as senior managing director for the Boston area and previously focused on large multinational occupiers in CBRE’s client solutions organization. His extensive background also encompasses prior positions with brokerage DTZ, now part of Cushman & Wakefield, and UniFirst Corp, further underpinning his rich experience in the industry.
Leadership Changes at Other Real Estate Firms
In tandem with CBRE’s announcement, Lee & Associates has appointed Joanna Zirbes and Brendan Leake as principals in their Las Vegas office. Both individuals bring deep expertise in retail leasing, investment sales, and representation for landlords and tenants. Zirbes started her career in California in 2016 before transitioning to Las Vegas in 2019, where she served as vice president at Logic Commercial Real Estate managing retail portfolios. Leake, who began his career at the Las Vegas Global Economic Alliance, has been active in the local real estate market since 2015.
In New York City, Davis Cos. has named Andrew Kurd as managing director. Kurd will focus on expanding investment efforts across various property categories in the metropolitan region while joining the firm’s investment committee. His extensive experience spans over 15 years in real estate investment and banking, including a recent role as co-chief investment officer at Savanna, where he oversaw transactions exceeding $4.5 billion.
Strategic Appointments in Southern California and the Midwest
Greysteel has announced Cody Cannon as senior vice president and market executive for Southern California’s Orange County. Cannon will lead the national manufactured housing team, leveraging over 20 years of industry experience to grow business operations in the area. His prior leadership positions include roles at Cushman & Wakefield, Colliers, and Marcus & Millichap, where he was involved in transactions exceeding $1 billion.
Brennan Investment Group has promoted Dan Smith to senior vice president as part of their strategy to expand industrial investments in key regions including Chicago, Minneapolis, and Milwaukee. Smith, who joined Brennan in 2023, will spearhead acquisition efforts focused on value-add investments, ground-up developments, and industrial outdoor storage transactions. His experience at Bridge Industrial, JLL, and Prescient has positioned him well for this enhanced role.
Industry Context
These leadership changes reflect an active and evolving landscape within the commercial real estate sector. With a consistent demand for advisory services and real estate investments across various categories, firms are adapting by elevating experienced professionals to key positions. This trend indicates a broader commitment to growth and service delivery within the industry.
As real estate firms like CBRE, Lee & Associates, Davis Cos., Greysteel, and Brennan Investment Group make strategic appointments, stakeholders can expect an intensified focus on market growth and enhanced client service across the regions they serve.
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HERE Resources
Mike Brucato Promoted as New Market Leader for CBRE in Boston
Additional Resources
- CoStar: CBRE Promotes Veteran to Boost Boston Business
- Wikipedia: Commercial Real Estate
- Connect CRE: CBRE Promotes Mike Brucato to Market Leader for Greater Boston
- Google Search: Mike Brucato CBRE
- HousingWire: 2024 Rising Star Michael Brucato
- Google Scholar: Commercial Real Estate Leadership
- Encyclopedia Britannica: Commercial Real Estate
- Google News: Commercial Real Estate News
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