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Investors & Developers
What he does: managing director, TIAA-CREF
In position since: 1995
Why he is powerful: TIAA-CREF is a pension fund manager for people who work in the academic, research, medical, and cultural fields. Led by Tom Garbutt, head of TIAA-CREF Global Real Estate since 2000, the firm is one of the largest commercial real estate owners in the nation. By the end of 2009, it owned $14 billion of primarily high-quality properties in the office, retail, industrial, and multifamily sectors across the U.S., Canada, and Western Europe.