Richard Rizika is leaving CBRE to start his own brokerage

The top producer had been with the company 30 years

Los Angeles /
Feb.February 27, 2018 02:00 PM
Richard Rizika (Credit: Connect Conferences, Pixabay)

Richard Rizika, one of CBRE’s top retail brokers for 30 years, has left the company to start his own shop, The Real Deal has learned.

Rizika, who was vice chairman of the retail services group, is said to be bringing with him a dozen people, and more could follow, sources said.

A representative from CBRE did not respond to requests for comment, but Rizika’s profile on the company website now leads to an error page. Rizika did not immediately return requests for comment.

Rizika was tapped to lead the retail leasing on the Ratkovich Company’s The Bloc, a 1.8-million-square-foot mixed-use development in Downtown Los Angeles that has faced numerous setbacks.

During his tenure at CBRE, Rizika also completed deals for retail brands including JC Penney, Pottery Barn, Living Spaces, Shake Shack and Joe & the Juice.

Other notable departures from CBRE in recent years have included investment broker Kevin Shannon and retail broker Jay Luchs, who are now at Newmark Knight Frank.

Meanwhile, CBRE has not lost its stride. The company’s commercial brokerage unit had more commercial deals in the U.S. than any other brokerage in 2017.


Related Articles

arrow_forward_ios
Gov. Gavin Newsom (Getty)

Statewide curfew means more bad news for restaurants, retailers

Statewide curfew means more bad news for restaurants, retailers
Granite CEO Michael Dardick and Industrious CEO Jamie Hodari

Industrious partners with landlords to offer tenants satellite workplaces

Industrious partners with landlords to offer tenants satellite workplaces
Colorado Campus at 2041-2115 Colorado Avenue and Northwestern Mutual CEO John E. Schlifske

Northwestern Mutual picks up Santa Monica office campus for $166M

Northwestern Mutual picks up Santa Monica office campus for $166M
Macerich CEO Thomas O’Hern and Santa Monica Place mall

Here’s what tenants are paying at Macerich’s Santa Monica Place

Here’s what tenants are paying at Macerich’s Santa Monica Place
L.A. businesses can now deny service to any patron not wearing a mask

LA businesses may deny service to those not wearing masks

LA businesses may deny service to those not wearing masks
CBRE CEO Bob Sulentic; the firm has shifted its global HQ from LA to Dallas. (CBRE, Getty)

“Sad day” in LA: CBRE’s corporate exit latest blow to dented office market

“Sad day” in LA: CBRE’s corporate exit latest blow to dented office market
Prop 15 property tax measure draws millions (Credit: iStock)

Prop 15 property tax measure draws millions of dollars from for and against campaigns

Prop 15 property tax measure draws millions of dollars from for and against campaigns
Los Angeles County plans to clear several businesses to reopen over the next 10 days

Malls, nail salons, other LA businesses to open in next 10 days

Malls, nail salons, other LA businesses to open in next 10 days
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...