CB Richard Ellis

Real Estate Weekly, Oct 18, 2006

CB Richard Ellis has promoted Keith Caggiano, a five-year veteran of the firm and brokerage sales professional, and Edward Midgley, a ten-year company veteran and sales professional in the company's Investment Properties Group, to first vice president. They each formerly held the title of vice president.

During his tenure with CB Richard Ellis, Caggiano has arranged over two million s/f in transactions, including 375,000 s/f with Dreyfus Corporation and 260,000 s/f with Barclay's Bank, both at 200 Park Avenue.

Among his recent transactions is a 90,000 s/f lease for Trust Company of the West at 1251 Avenue of the Americas, and the assignment for nearly 600,000s/f of Moinian Group properties on Fifth Avenue. Caggiano is active in several philanthropic activities, including sitting on the board of Project YESS, a youth education and employment program.

Midgley began his career with CB Richard Ellis in the firm's Consulting Group 10 years ago. He joined the Investment Properties Group in 1999, where he has developed an expertise in Real Estate Investment Trusts.

Midgley has also built an impressive track record in tax deferred exit transactions, operating partnership (OP) unit transactions, mergers and asset sales. Some of his recent deals include partnering with A.G. Edwards to represent Midwestern restaurant operator Southern Bells Inc. in a $64 million, 36-property sale/leaseback, as well as arranging the $30 million sale of the Steinhardt Building, 35 West 67th Street, to the City University of New York's Honors College.