CBRE Continues to Strengthen Valuation and Advisory Services for Specialty Properties
Seattle, October 2, 2017 – CBRE announced today that John Parsons has been promoted to lead the firm’s national data center practice for Valuation & Advisory Services (VAS) as part of the team’s continued strengthening of specialty property types.
As National Data Center practice leader, Mr. Parsons’s will coordinate a team of valuation and advisory specialists across the U.S. with the aim of growing CBRE’s national data centers platform. In the newly created role, Mr. Parsons’s responsibilities include the cultivation of new clients and client care of existing major accounts; appraisal methodology/formats; portfolio management; and quality/risk management. He will also coordinate with CBRE VAS counterparts globally in the Europe, Middle East and Africa, and Asia Pacific (APAC) regions.
Based in Seattle, Mr. Parsons will report to R. Christian Sonne, executive vice president and director of Specialty Practices, VAS, and Richard West, executive managing director and Western Division leader, VAS. Mr. Parsons is also an active member of the CBRE Data Center Solutions (DCS) group, which provides of full-spectrum life cycle services to data center owners, occupiers, and investors, under the guidance of Pat Lynch, senior managing director, DCS.
“CBRE has built the largest commercial real estate valuation service in the Americas with deep experience in the core property types: office, retail, industrial and multifamily. Recently, we have strengthened specialty property types such as data centers, healthcare, and seniors housing. Our extensive global scale and reach, state-of-the art technology, and proven processes means that we can deliver market-leading outcomes across the complete spectrum of appraisal services and across all property types,” said Thomas B. McDonnell, President, Valuation & Advisory Services, CBRE.
Mr. Parsons, who joined CBRE in 2011, is an industry executive with more than 15 years of commercial real estate experience in both the U.S. and APAC. He is also the market leader for the appraisal and consulting assignments of office real estate in the Pacific Northwest.
“CBRE’s global platform allows the VAS team to collaborate with a network of experts located across strategic geographies and all business lines related to the data centers asset class. This allows for customized client solutions and specialized knowledge that is unparalleled in the market,” said Mr. Parsons.
Investment in the U.S. data center sector reached record levels in the first half of 2017, according to a new report from CBRE. H1 2017 investment totaled $18.2 billion, already more than double that for all of 2016 (inclusive of all single asset, portfolio and entity-level/M&A transactions). At this pace, investment in the data center sector is on track to surpass the total for the three previous years combined.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.