Uber
Sources close to the situation told GlobeSt.com earlier this week of Tighe's imminent departure but calls to the broker were not returned by press time. And attempts on Wednesday afternoon to contact other Insignia and CBRE executives also were unsuccessful, possibly because of early departures owing to the July 4 holiday.
Reports published yesterday say Tighe handed in her resignation on Tuesday morning and that a deal with CBRE has been ironed out. Industry watchers are waiting with baited breath to see if the move will be addressed at a press conference scheduled by CBRE for Monday morning.
The event has been positioned by CBRE as an opportunity to lay out the details of a $100-million initiative to beef up its area presence. But an additional, and juicier drawing card had been the anticipated introduction of Patrick Murphy, the firm's new executive managing director and partner for the New York Tri-State Region. Murphy's just-signed deal to run CBRE's New Jersey operations is the result of another successful raid on Insignia's stable of broker talent.
But the Tighe bombshell has the local real estate community buzzing and many industry insiders are betting CBRE will use the press conference to reveal both new hires.
Since beginning her career at I/ESG 18 years ago, Tighe steadily built her client base and clout, rising to the position of vice chairman three years ago. Last year she was the firm's top broker in the New York metropolitan area, reportedly closing office deals totaling 5 million sf.
Tighe's client list includes Conde Nast and Martha Stewart Living Omnimedia, among other mega-corporations with major Manhattan real estate presences. Industry experts are keeping close tabs on the situation, waiting to see whether Tighe's clients will follow her to CBRE.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
