Richard Rizika is leaving CBRE to start his own brokerage

The top producer had been with the company 30 years

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 Article

DH Holdings founder David Horenstein and Conejo Gateway

Local firm plans to expand Thousand Oaks retail plaza after $18M purchase

Hollywood & Highland, Gaw Capital Chairman Goodwin Gaw and DJM founder John Miller

CIM Group sells Hollywood & Highland mega-complex for $325M: sources

Rick Edwards, partner at Seagrove Property Group and the property

Foreign investor drops $13.7M on fully leased shopping center in San Gabriel Valley

Fabio Conti and the retail centers (Credit: Facebook)

Real estate’s on the menu for Fabio Conti, as restaurateur buys 2 retail centers

Sterling Organization CEO Brian Kosoy and the two Melrose Avenue properties

Sterling Organization buys retail portfolio along booming Melrose Avenue

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder)

Raintree Partners spends $79M on Glendale multifamily portfolio