[IMGCAP(1)]PHOENIX-Craig Henig has been promoted to senior managing director of the Greater Phoenix office for CB Richard Ellis. He replaces Gregory Coxon, who has left to fill Grubb & Ellis Co.’s newly created position of president of transaction services of the western region.

Henig’s new position is effective immediately. “Basically, the buck stops with him in Phoenix,” says Steven Swerdlow, president of CBRE’s western division.

Swerdlow says CBRE has a top-down succession plan mandate, in which all directors are required to select a successor. He says Henig was the logical choice in Phoenix because of his talent and his abilities. “He’s very well liked by our people in Phoenix and our clients and has successfully run operations at Insignia and Trammell Crow,” Swerdlow says. “It was a natural progression for him to take over the operations.”

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