ATLANTA-CB Richard Ellis has recruited John Cherry, MAI, as managing director of its Valuation and Advisory Services team in Atlanta. Cherry’s task is to implement strategic policies and expand the firm’s position in the Southeast.

Cherry comes to CBRE from Atlanta-based Butler Burgher Group, where he was managing director. Butler Burgher could not immediately be reached for comment.
Cherry brings more than 30 years of diverse real estate valuation and investment analysis experience to CBRE, including performing market value appraisals on multiple property types, appraisal reviews, appraisal support for arbitration, market analysis, and market rent studies.

With so much litigation, as well as foreclosures and bankruptcies, Ron Neyhart, senior managing director of CBRE’s Valuation and Advisory Services practice in the Southeast Region, tells GlobeSt.com that valuation services are more important than ever. CBRE clients, he says, are demanding skilled analysis to determine true value in a challenging market.