AUSTIN--Michael Caffey has been promoted to president of CBRE Group Inc.'s Texas and Oklahoma division. Caffey is also responsible for CBRE's business in Arkansas and Louisiana.

Caffey's elevation to president reflects his “outstanding performance across a broad range of leadership attributes, including new business development, business and sales management, market and industry leadership, client relationships and people management,” the company says. He will report to Cal Frese, chief executive officer, the Americas, CBRE.

“This is a well-deserved promotion for Michael,” says Frese. “He has consistently delivered results, including our recent acquisition of UCR, which has significantly expanded our retail capabilities both in Texas and throughout the country. We look forward to his continued leadership as we build advantage for our clients in the Texas area and beyond.”