A top dealmaker in the lucrative business of leasing commercial office space has changed horses—again.
Joseph Cabrera joined Colliers International five years ago as a senior leasing executive in its New York office.
Now Cabrera has come on board at CBRE, the city’s largest commercial brokerage, as a vice chairman—a lofty title generally granted only to executives who pull in millions of dollars a year in revenue from deals.
Matthew Van Buren, president of CBRE’s Northeast division, described Cabrera in a statement released by CBRE as “one of the real estate industry’s most active and innovative dealmakers.”
“Joe’s exceptional reputation and client-first work ethic have led to his outstanding record of success,” Van Buren stated.
Cabrera, a former All-Ivy League running back for Columbia University’s football team, is perhaps best known in his industry for arranging a 700,000-square-foot lease for financial information and media company Thomson Reuters in the late 1990s at 3 Times Square.
The move appears to be a blow to Colliers, which in recent years has made several prominent brokerage hires in a bid to compete with larger real estate services firms.
SOURCE: Section Page News – Crain’s New York Business – Read entire story here.