The president and CEO of CB Richard Ellis’ New York tri-state region, Mitchell Rudin, is taking a high-level job at global developer and landlord Brookfield Office Properties, which owns the World Financial Center in Lower Manhattan, according to the two companies.
Brookfield hired Rudin to be president and CEO of U.S. commercial operations, replacing Dennis Friedrich, who was promoted to president and global chief investment officer for Brookfield. Friedrich replaced Brookfield’s CEO Ric Clark as company president, in the changes announced this morning. Clark remains as CEO.
Rudin was president and CEO at CBRE for seven years, and has been with the international brokerage firm for 21 years. He will start in his new position at the end of June. Internal Brookfield changes are effective immediately.
Mary Ann Tighe, CEO of CBRE’s New York’s tri-state region, said in a statement, “We have many proud traditions of leadership at CBRE, including a unique ability to nurture talented professionals who move into senior leadership positions at New York City’s leading developers.”
Matthew Van Buren, CBRE executive managing director, will be interim head of the tri-state region, the statement said.
A top executive of a competing brokerage firm, who asked not to be identified being critical of a competitor, said Rudin’s exit would not have a large impact because the heavyweight brokers have such a strong say in the management of the New York office.