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CBRE brings on Jim Bailey to shore up Houston office business
Bailey leaving Cushman & Wakefield after 30 years
After 30 years at Cushman & Wakefield, Jim Bailey — who has brokered some of the Bayou City’s biggest office deals for the likes of Chevron, Fulbright & Jaworski, Shell, Anadarko, and Energy Transfer Partners — is moving to CBRE.
Bailey is joining CBRE, which moved its headquarters to Dallas from Los Angeles in 2020, as Vice Chairman of the company’s Houston advisory and transaction services team.
His focus will be on leasing and strategic consulting services for CBRE’s office clients and selling them on the company’s other services, according to a CBRE press release.
The move by CBRE to bring Bailey on board comes at a time when Houston’s tenant-dominated office market is in flux, with a slower recovery than Austin and Dallas. Houston office landlords are doling out aggressive concession packages, including rental abatement and generous tenant improvement allowances to attract potential tenants.
CBRE is also expanding its commercial real estate presence in the Bayou City by growing out its industrial and logistics market team. The company recently tapped Nathan Wynne to lead its efforts in Houston.
Bailey, a native Houstonian, is a former Houston NAIOP Broker of the Year and Deal of the Year award winner.