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Indo American News • Friday, April 23 , 2010

online edition: www.indoamerican-news.com

www.indoamerican-news.com

Friday, April 23 , 2010

Business IndoAmerican News

STOCKS • FINANCE • SOUTH ASIAN MARKETS • TECHNOLOGY

Naveen Jaggi, at the Helm of CBRE Retail Operations By Jacob David

HOUSTON: The elevator at Williams Tower, on Post Oak races to the 23rd floor which is occupied by CB Richard Ellis more well known by its intials. National Real Estate Investor, the repected magazine for professional real estate investors calls CBRE the leading commercial real estate brokerage firm. It has strengthened its business dealings in Canada as well. CBRE has an able leader in Brett White, CEO who oversees offices worldwide with 29,000 employees and revenues of $4.2 billion in 2009. CBRE does an effective job in representing retailers all over the United States and Canada. It has been the trusted go-to-name for specialized retail services. Being the leader in the industry, CBRE has developed proven and scientific

methods to get their retail clients the best value for their investment in land, storefronts, office buildings or pads for motels, retail shopping centers and warehouses. CBRE has an extensive retail network platform that it uses effectively to get the best results while purchasing and representing commercial property. CBRE has developed specialized services focusing on core commercial divisions: the Retailer Service Group - a national network of retail professionals focused on helping retail clients looking to occupy property; the Retail Development Group - a team of members who work with major retail developers in developing more than 40 million sq.ft into effective retail space all over the US; the Restaurant Specialty practice group - a group that solely helps restaurateurs establish and operate profitably throughout USA; the Retailer Disposition Services - a team that helps liquidate properties for investor holders who have a leasehold and fee-owned property for disposal; the Retail Site Selection Group - that helps select valuable tracts of land for retail space development in the future; and the International Retail Council - which expands global opportunities for commercial real estate. I am at the CBRE offices to meet Naveen Jaggi, the Senior Managing Director for CBRE Retail Services focusing on Retail Occupier Services and Practice. He specializes in Retailer Representation, while paying attention to Restaurant Occupiers as well. Jaggi comes from a Punjabi family which came from India and has settled in the Houston area for the past 5 decades. His parents are well-known within the community .

IAN: Please tell me how you got started? NJ: I got started in April 2002 with CBRE. I had the opportunity with CBRE to present to Shell Oil company regards divesting their property holdings. Shell wanted to divest / dispose of all Texaco holdings. I interviewed with CBRE and got the job. I had previous experience in the 1990s being in the gas station development business. My experience in this field helped me

win the contract with Shell. Between 2002 and 2009 we have sold over 500 properties in the US, of which 300 properties belong to Shell. IAN: What is your educational background? NJ: I have a Bachelors in Business Administration, a degree in Finance and Economics from the Stephen F. Austin University, continued on page

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world markets

Wednesday, APRIL 21, 2010 dow jones

11,124.92 • +7.86 • +0.07%

nasdaq

2504.61 • +4.30 • +0.17%

bombay sensex

17,473.00 • +00.00 • +0.07%

colombo asi

4038.89 • 16.52 • -0.41%

dhaka GI

5597.03 • -11.867 • -0.211%

Karachi 100

9784.98 • -2.05 • -0.02%

nepal NEPSE

426.54 • -12.1 • -2.76%

Gold $1149.90

Ind. rupee

Silver $18.05

Pak. rupee

per oz.

per oz.

Platinum

$1730.00 per oz.

44.55

83.96

69.15

taka

113.94

S.L rupee

Brent $84.62 Spot +0.54% Spot Bid Prices Bloomberg.com

71.25

Nepal rupee

INDO AMERICAN NEWS • FRIDAY, APRIL 23 , 2010 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

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