Mike Lafitte Stepping Down as Trammell Crow’s CEO
He’s been at it a while, and he says it’s time to take on some new ventures while he can. Mike Lafitte helped build the country’s largest real estate company, CBRE. After 40 years in the business he said he wants to try some new things, such as serving on boards and looking for other business opportunities.
Lafitte has spent the last 25 years at the company. His latest role is as the head of CBRE’s client care business. He also headed up the company’s development wing, Trammel Crow, since 2020, but will step down effective Feb. 17.
The new CEO of that enterprise will be Danny Queenan, who currently is in charge of CBRE’s real estate investments group. The company announced over $400 million in proposed cuts last fall, preparing for what many believe will be a downturn in the real estate business.
Lafitte spent his first five years in the industry, beginning in 1984, in office leasing at Dallas-based Lincoln Property Co. Lafitte has an MBA from Southern Methodist University and a bachelor’s degree in finance and real estate from the Texas McCombs School of Business at The University of Texas.