realestate

CBRE Duo Laurie and Tim Bower Retire Together

CBRE's Laurie and Tim Bower Retire After 33-Year Journey Through LA Commercial Real Estate

L
aurie Lustig-Bower and her husband Tim Bower are retiring from CBRE's Century City office after a 33-year journey through Los Angeles' commercial real estate market. The couple will officially retire this month, marking the end of their long tenure at the brokerage where they first met in 1991.

    As a top-producing broker, Lustig-Bower has led a seven-person multifamily investment sales team that has handled $12 billion in deals over two decades. She has also collaborated with her husband on several projects, including the sale and redevelopment of the former House of Blues site in West Hollywood. Bower specializes in West Los Angeles retail development and leasing.

    Lustig-Bower's career has been marked by significant milestones, including the sale of the former Robinsons-May department store at 9900 Wilshire Boulevard in Beverly Hills to London-based Candy & Candy for $500 million in 2007, and later to Wanda Group for $420 million in 2014. She has also sold the Metropolis development site in Downtown Los Angeles to Greenland USA for $150 million.

    The couple's careers have been intertwined since they met at CBRE, where Lustig-Bower was a rising star and Bower had to go through 16 interviews before being hired in 1984. They married in 1999 and continued building their career momentum, often working together on deals despite their different specialties.

    As they prepare for retirement, Lustig-Bower expressed her excitement about spending more time with family and exploring new hobbies. The couple plans to travel extensively, including a trip to New Zealand, and will continue to be involved in the industry as needed.

CBRE executives Laurie and Tim Bower retire, standing together in office.