CBRE announced that Paul E. Ping has joined the Valuation & Advisory Services (VAS) team as executive vice president and National Director of Alternative Valuation Services, based in Columbus.
A seasoned industry veteran with more than 35 years of appraisal and commercial real estate experience, Mr. Ping will coordinate more than a dozen alternative appraisal specialists located in key markets across the U.S. In this newly created role, Mr. Ping will report to R. Christian Sonne, executive vice president and Director of Specialty Practices, VAS.
As National Director of Alternative Valuation Services, Mr. Ping will be responsible for non-traditional valuation products, evaluations, and finance. Additionally, he will be be responsible for team management, methodology of products, and quality control.
“We have built the largest commercial real estate appraisal service in the Americas through our expertise and experience in the core property types such as office, retail, and multifamily. We are now taking major strides in specialty property types: strengthening our teams, making key senior appointments and growing market share in areas such as self-storage, data centers, healthcare, and alternative services. CBRE’s global platform, access to state-of-the art technology, and proven processes means that we are now in a position to deliver market-leading outcomes across the complete spectrum of appraisal services and property types,” said Thomas B. McDonnell, president, VAS, CBRE.
“Paul brings a depth of knowledge that is unmatched in the industry as we look to expand our capabilities within the alternative valuation services space. Under his leadership, we will be in a position to create distinct advantages for our clients and elevate our delivery to the next level,” said Mr. Sonne.
Prior to joining CBRE, Paul served as National Director of the Alternative Valuation Product Group at Cushman & Wakefield. He was responsible for new business growth, supplying platforms, processes and procedures for quality control. Paul has also served as a Chief Appraiser for large financial services institutions, Huntington National Bank and PNC.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
