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Theodore Carter
Economic Development Executive Director
CB Richard Ellis, Inc.

Mid-Atlantic Board Member Since: March 2009

In January 2008 Theodore Carter assumed leadership of CB Richard Ellis’ efforts to deliver real estate solutions to the government and public sector in the Americas. From 2005-2007 he served as the company’s South Florida market leader (overseeing five offices) and successfully expanded the company’s marketplace penetration, branding and civic leadership, including the acquisition of Blackrock Property Advisors, a retail investment firm. 

Prior to joining CB Richard Ellis, Mr. Carter served as President and CEO of the quasi-public National Capital Revitalization Corporation (NCRC) in Washington, D.C., with a $500 million+ real estate portfolio, and which initiated more than $1 billion of development (10+ projects completed across product types).  During his tenure, NCRC received several prestigious awards, including Overall Best Real Estate Deal for 2003 awarded by the Washington Business Journal and The District of Columbia’s Building Industry Association’s Achievement Award for Development.

Mr. Carter has 15 years experience of senior level leadership and management experience in the public sector, overseeing and leading all aspects of municipal operations to include: public/private partnerships; real estate; budget/finance; labor relations; public works and health and human services.  He has coordinated government relations for The New York Public Library; served as Senior Analyst for the City of Newark, NJ, Director of Legislative and Intergovernmental Programs to the Deputy Mayor of Finance and Economic Development in New York City during the administrations of Mayor Dinkins and Giuliani and was also Director of the Mayor’s Empowered Zone office. He was an Assistant to the City Manager for the City Administrator of Washington D.C. and served as Acting Chief of Staff and Senior Advisor to the Chief Financial Officer of Washington, D.C.  In 2002, he served as Campaign Manager for the historic and successful primary, write-in, and general election campaigns for Washington, D.C. Mayor Anthony Williams’ re-election.

From 1997-2000, Mr. Carter was Deputy Assistant Secretary for Management Operations at the U.S. Department of the Treasury, where he had financial and management oversight for the Department’s law enforcement portfolio and five corporate business units - real estate and capital assets, security, procurement, business innovation and small business development.  He co-led the Department’s efforts to secure site approval and funding for the Bureau of Alcohol, Tobacco, Firearms and Explosives new national headquarters.  Mr. Carter was also designated the Department’s first Critical Infrastructure Assurance Officer and was responsible for the Department’s Continuity of Government and Continuity of Operations programs. He received the Secretary of the Treasury’s Exceptional Service Award, was recognized for his contributions by each of the Department’s law enforcement bureaus and was recognized for his leadership in minority business development and supplier diversity.

In 1996, Mr. Carter held the position of Deputy Campaign Manager and Chief Operating Officer for President Clinton’s national re-election campaign, a $100 million enterprise. He spearheaded the first investments of presidential campaign monies into 124 minority banks. He began his career as an analyst at the Central Intelligence Agency.