Consultant group CBRE Las Vegas announced the return to the firm of three gaming real estate veterans, who will form its retooled Global Gaming Group—John Knott, executive vice president and global head of gaming; Michael Parks, first vice president; and Brent Pirosch, director of gaming consulting. Matt Bear, who recently joined CBRE as vice president, also was named a member of the gaming group.
Knott brings 29 years of real estate experience to CBRE, including 14 years with CBRE Las Vegas, 10 years with Cushman & Wakefield in West Los Angeles and five years with Sullivan & Knott, a Las Vegas-based company he founded in 1994.
Parks has been involved with numerous gaming asset sales in Las Vegas and across the U.S., including the Sahara Hotel Casino, Las Vegas Hilton, Flamingo Laughlin and Trump Marina. Parks has represented both gaming and non-gaming companies in the acquisition and disposition of land parcels throughout the country.
Bear joins CBRE with 22 years of commercial real estate experience, specializing in retail acquisitions and dispositions, sale leaseback structures, retail roll-out assignments, hotel acquisitions and capital structure advisory. Prior to CBRE, Bear worked for a number of companies, including Avison Young, Colliers International, New Market Advisors and ROI Commercial Real Estate. He is a founding partner of Venture Development Group, a company specializing in the development of single-tenant buildings and neighborhood and power center projects.
Pirosch, who has served as director of gaming consulting services for CBRE’s Global Gaming Group in Las Vegas since 2004, has long led the team’s efforts to provide analytical and due diligence support for numerous casino transactions in Las Vegas and throughout the world. He is the author of a Las Vegas Strip forecast praised for its depth and prescience.
“Together, the team is a true powerhouse not only in Las Vegas, but globally,” said CBRE Managing Director Michael Newman. “Under the leadership of John Knott, the team’s practice is worldwide via a scaled model of its considerable experience in Las Vegas. Thanks to the specific and comprehensive backgrounds of each member of the team, CBRE’s Global Gaming Group is well positioned to maintain its leadership position here in Las Vegas and beyond.”
CBRE is the world’s largest full service commercial real estate services and investment firm with 90 employees in Las Vegas.
The firm’s Global Gaming Group is one of the premier global consulting entities in Las Vegas which works with gaming entities in emerging markets as well as major gaming concerns around the world.
The group’s services include the acquisition and disposition of gaming properties, project consulting, feasibility studies, market assessments, debt and equity financing and retail development within resort environments.
