CBRE Group Inc. is moving its corporate headquarters from California to Dallas, according to multiple sources with knowledge of the deal.
The company is already a major player locally with at least four offices in North Texas, including its main office at 2100 McKinney Avenue in Uptown. CBRE’s current headquarters is listed as 400 South Hope Street in downtown Los Angeles.
Some of CBRE’s top executives are already based in Dallas, including the company’s CFO, Leah Stearns, and CBRE’s global CEO of real estate investments, Mike Lafitte. The company’s local operations are headed by Michael Caffey, president of advisory services for the South-Central Division and Latin America.
CBRE’s top executive is president and CEO Robert Sulentic, a former Trammell Crow Company chief executive who was named CEO of CBRE after the Los Angeles-based firm acquired the Dallas-based development and property management company in 2006.