MIAMI-On the heels of naming Mary Jo Eaton as its Florida market leader, CB Richard Ellis is filling a management gap Randy Buddemeyer left when he switched allegiances to Grubb & Ellis in June. CBRE has named Patricia Nooney as its new senior managing director of Institutional Services for Florida.
Nooney will oversee the delivery of brokerage, project management, asset services, and other services to CBRE's property owner clients, including its 37 million-square-foot Florida portfolio. Nooney will also coordinate with CBRE's Capital Markets professionals in delivering debt and equity solutions to investor clients.
“This is a great opportunity to take someone who has pieced together the skill sets we need, and then perfected the use of those skill sets in a smaller market,” Grayson Gill, senior managing director of CBRE Asset Services for the company’s central region, tells GlobeSt.com. “Patty will now use those skills to run a huge operation in Florida on the institutional side.”
Nooney currently serves as managing director and market leader for CBRE in Las Vegas. Before landing in Las Vegas, she served as market leader and director of Brokerage and Asset Services for CBRE’s St. Louis operations. And before joining CBRE, she was COO of Houston-based American Spectrum Realty, an investment management firm, and a principal of Nooney Krombach Company, a real estate services firm. Nooney is no stranger to Florida. She launched her career with Deloitte in Miami.
“The first thing I will be doing is meeting with all of our clients and employees, listening to them, and learning from them what have we done, what is working, and what they would like to see happen,” Nooney tells GlobeSt.com. “I want to provide an integrated and coordinated service delivery for our clients, from our leasing to management to project management.”
Nooney will work closely with Eaton in Florida. Eaton was named senior managing director and market leader for Florida at the end of September. She previously served as managing director of the Baltimore office and its Asset Services operations in the Washington-Baltimore region. Together, Nooney and Eaton will try to leverage the opportunities across the Sunshine state.
“I have a good perspective and understanding of what our client-owners may be looking for because I stood in the shoes of ownership for so many years in my career,” Nooney says. “Florida is a great market, it has suffered during this recession like many markets, but I think it will be a state that will come back strong and we are going to be there to provide service to our clients and grow with them.”
Nooney will relocate to South Florida by year end. CBRE expects to name a successor for Nooney in Las Vegas in the near future.
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