CBRE Elevates Two to Vice Chairman

[IMGCAP(1)]NEW YORK CITY—CB Richard Ellis has promoted two of its star performers to vice chairman of its New York tri-state region, giving the nod to Craig L. Reicher and Ken Rapp. Both were previously VPs at CBRE and have specialized in tenant representation during their respective tenures with the company.

Since joining CBRE in 2002, Reicher has negotiated close to one million sf on behalf of Bloomberg LP and led the team that renewed the 380,000-sf lease held by law firm Fried, Frank, Harris, Shriver & Jacobson at One New York Plaza. Before switching to commercial real estate brokerage, Reicher rose to partner in Fried Frank’s real estate department. His other clients during his CBRE tenure have included Marsh & McLennan, Guy Carpenter, the Port Authority of New York and New Jersey, Empire Blue Cross, the Conference Board, Duquesne Capital, the Legal Aid Society, Kaye Scholer and Jackson Lewis.

[IMGCAP(2)]Reicher’s brokerage practice has also included landlord representation and investment sales work. As agent for the General Motors Building at 767 Fifth Ave., owned by Macklowe Properties until the trophy tower’s sale to Boston Properties (http://www.globest.com/news/1165_1165/newyork/171072-1.html) in late May, he closed more than one million sf of lease transactions. Last August, Reicher arranged the extension and expansion of Cravath, Swaine & Moore’s 617,000-sf lease at Worldwide Plaza, another Macklowe property.