San Francisco, CA (September 7, 2018) – CBRE Group, Inc., announced today that Michael Taquino and Kyle Kovac have joined the company as Executive Vice Presidents of Capital Markets in the downtown San Francisco office.
The duo joins CBRE after a six-year stint at Newmark Knight Frank where they catapulted into two of the most recognized and respected capital markets professionals in San Francisco. Kyle and Mike have been among the most active brokers in the sale of office buildings, office and residential development sites and high street retail in San Francisco. In fact, since the beginning of 2017, their team is responsible for an approximately 40 percent market share in the sale of San Francisco office buildings in the $25 to $150 million range, including 901 Battery Street, 240 Stockton Street, 220 Post Street, 3180 18th Street and 332 Pine Street among many more, earning them the recognition as San Francisco Business Times’ 2017 Broker of the Year. Also during this cycle, the team has sold the majority of the Central SoMa office development sites including 500 Townsend Street, 505 Brannan, 333 Brannan Street and the San Francisco Tennis Club. In addition to their listing business, the team has developed a reputation for helping their clients source off-market deals. Kyle and Mike sourced nine of the 16 off-market office buildings to sell for over $25 million in the past three years in San Francisco. Recently their team has expanded their business into Oakland with multiple new listings including their recent 120,000-square-foot assignment at Latham Square on behalf of Bentall Kennedy. With 28 years of combined experience, Mike and Kyle have already sold in excess of $10 billion of product.
Mr. Taquino returns to CBRE from his role as executive managing director at NKF Capital Markets. Mr. Taquino began his real estate career at CBRE in 2003, working in the commercial appraisal division in San Francisco and focusing on the valuation of multifamily, office, industrial and retail assets across the San Francisco Bay Area. He graduated from the University of Arizona with a degree in economics.
Mr. Kovac joins CBRE from NKF Capital Markets, where he served as executive managing director specializing in the disposition of office and land in San Francisco and Oakland. Previously, Mr. Kovac worked at Grubb & Ellis in San Francisco as a Vice President. He majored in business economics and law and society at the University of California, Santa Barbara.
“We are incredibly excited to join CBRE in the San Francisco office. We can’t wait to start collaborating with all of the very talented brokers in the office to deliver exceptional results to our collective clients,” said Kovac and Taquino in a prepared statement. “Further, we look forward to continuing to build upon the already outstanding CBRE Bay Area capital markets business.”
“We are committed to growing our Capital Markets business, the cross-disciplinary expertise Mike and Kyle bring will only further help our clients achieve their real estate goals and objectives,” said Darin Bosch, Managing Director of CBRE in San Francisco. “With this addition to our veteran Bay Area team of Russ Ingrum, Brad Zampa, Joe Moriarty and Scott Prosser, CBRE is adding the experience and industry knowledge to continue to provide our clients with the best possible outcomes.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), 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 2017 revenue). The company has more than 80,000 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.