SAN FRANCISCO – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today the expansion of its capital markets group with the appointments of Bob Gilley, Executive Managing Director, and Steve Hermann, Executive Managing Director. Mr. Gilley and Mr. Hermann join Cassidy Turley Northern California from CB Richard Ellis’ investment properties-institutional group. They are based in Cassidy Turley’s San Francisco office with responsibility to help grow the firm’s capital markets services in the West.
Cassidy Turley’s capital markets group was recently ranked #3 by Real Estate Alert for office sales of at least $25 million during the first half of 2011.
During their tenure at CB Richard Ellis, Mr. Gilley and Mr. Hermann were responsible for closing more than $6.7 billion of real estate transactions comprising approximately 40 million square feet, and sold more than $2.0 billion of institutional quality real estate from 2008 – 2010.
“We are thrilled that Bob and Steve have joined Cassidy Turley. Together, they are a uniquely qualified team with an outstanding track record and deep relationships that will serve our clients’ needs,” said Greg Moss, Managing Partner, Cassidy Turley Northern California. “With the addition of Bob and Steve, Cassidy Turley Northern California, the region's strongest leasing firm, is now positioned to be the region’s capital markets leader as well.”
“We are continuing to grow the geographic presence and capabilities of Cassidy Turley’s capital markets business across the nation by attracting outstanding talent in key markets,” said Noble Carpenter, Executive Managing Director and Leader of the National Capital Markets Group at Cassidy Turley. “Bob and Steve are two experts who are well-recognized in the commercial real estate industry for their knowledge and achievements. Their addition to our capital markets team demonstrates the investment we are making in our clients’ future success.”
Mr. Gilley is a 20-year veteran of the California commercial real estate market, and is a distinguished executive in the West Coast commercial real estate industry, having leased or sold in excess of 50 million square feet of commercial properties during his career. Prior to joining CB Richard Ellis in January 2002, he was a Director at Cushman & Wakefield on its top West Coast investment team.
Mr. Hermann is a 15-year veteran of the California commercial real estate market with involvement in the acquisition or disposition of approximately $8.5 billion of commercial real estate. Mr. Hermann is a consistent top producer in investment sales, representing some of the nation’s largest corporations, pension fund advisors and REITs. Prior to joining CB Richard Ellis, he was employed by William Wilson & Associates and Divco West Properties in various acquisition and disposition capacities.
Cassidy Turley is continuing to expand its presence and capabilities across the nation by investing in new office locations, business lines and talent as part of a strategic plan to deliver integrated solutions, economies of scale and geographic reach. Earlier this month, Cassidy Turley acquired FHO Partners in Boston, and acquired the brokerage and property management businesses of Atlanta-based Carter, a national leader in project development, commercial real estate services and investments. In August 2011, executives from Cushman & Wakefield’s brokerage services group in Texas joined Cassidy Turley to establish a tenant representation practice in its Dallas office.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,400 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $18 billion in 2010, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.