After more than three decades at CBRE, multifamily sales broker Laurie Lustig-Bower will be out of the office for good, as of the end of the month.
"With mixed emotions I would like to announce that after a distinguished 36-year career with CBRE, Executive Vice President Laurie Lustig-Bower will be retiring from brokerage as of December 31, 2024," said Andrew Ratner, CBRE's executive managing director in West Los Angeles, in an email to his team.
During her career, Lustig-Bower led a team of eight brokers who marketed and sold apartment complexes and other multifamily properties across Southern California and Hawaii. "Over the past 20 years alone, Laurie and her team have handled over $12 billion in properties," Ratner said.
One of her highest-profile deals was the 2007 sale of the former Robinsons-May department store site at 9900 Wilshire Blvd. in Beverly Hills, California, to Candy & Candy of London for $500 million. She then also worked on the subsequent sale of the site seven years later to Wanda Group of Beijing in 2014.
Lustig-Bower will have the perfect companion to hang out with when she retires. Her husband Tim Bower, also a veteran CBRE broker, is retiring at the same time. Tim Bower, a 40-year industry veteran, has been a top-producing retail broker in CBRE's West Los Angeles office since 1998, Ratner said.