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BRE, the world’s largest real‑estate firm, has reshuffled its leadership. Andy Glanzman, who joined in 2010 and has been co‑CEO of CBRE Investment Management (CBRE IM) since December, is now CEO of the real‑estate investments division and will oversee Trammell Crow Co. (TCC) and CBRE IM’s global asset‑investment arm, while keeping his co‑CEO role with Adam Gallistel.

    Adam Nims, long‑time head of TCC’s development and acquisition work in Austin, Dallas and Houston and the driver of its data‑center initiative, will become CEO of Trammell Crow. Danny Queenan will move to executive‑group president for TCC, focusing on data‑center development and reporting to Nims.

    TCC’s chief investment officer, Adam Saphier, has been promoted to global chief operating officer of CBRE’s advisory services segment, where he will manage all advisory operations outside the United States and Canada.

    CBRE CEO Bob Sulentic praised the trio, noting their “exceptional results” and the greater impact their new roles will bring.

    Financially, the real‑estate investments segment saw a 30% drop in third‑quarter revenue, driven by lower incentive fees in investment management and reduced construction‑management and development fees. As of September 30, the firm’s development pipeline stood at $560 million, up from $505 million at the end of 2024. The data‑center sector remains the fastest‑growing part of the business, with revenues rising 40% year‑over‑year in the same quarter.

    Correction: The leadership changes apply to CBRE’s real‑estate investments and Trammell Crow Co., not CBRE Investment Management as previously stated.