DALLAS-With the groundwork now laid, CB Richard Ellis Group Inc. is launching a financial and tax reporting service. The initiative will be cross-branded with CBRE’s existing lines and clients and also put into the market as an outsourcing tool for new business.

Kyle Redfearn, who came on board in February, is the group’s managing director. The Dallas-based executive has built a team with prior financial and tax reporting experience from CBRE’s pool of more than 400 appraisers in the US.

Redfearn says the new practice will focus on CBRE’s clients and third parties in the US. The service is a tool for assessing valuation, specifically assigning depreciation to the various components for tangible real estate and intangible areas like in-place leases.

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