Washington, DC – August 8, 2012 – CBRE Group, Inc. (CBRE) today announced that Ryan Clutter and Michael Blunt, two premier professionals in its U.S. Investment Properties Institutional Group, will relocate to Washington, DC to join CBRE’s office investment sales team in that market. The combination of Mr. Clutter and Mr. Blunt with CBRE’s existing DC office investment sales team—including industry professionals Bill Kaye, Bill Prutting and Bruce Strasburg—will enhance the delivery of comprehensive capital markets solutions to office-property investors in the Washington, DC area.
Mr. Clutter, an Executive Vice President with CBRE, currently serves the disposition needs of institutional investors throughout the Carolinas. Mr. Blunt is a Senior Vice President on the Philadelphia investment sales team, and currently specializes in institutional investment properties located primarily in Pennsylvania, New Jersey, Delaware and Northern Maryland. Mr. Blunt also played an integral role in CBRE National Partners—a partnership of 19 senior capital markets professionals focused on regional and multi-city portfolio transactions often valued at more than $100 million.
“Washington, DC is a key gateway for both domestic and foreign capital, and a focus area for our continued growth,” said Chris Ludeman, President of CBRE Capital Markets. “Ryan and Michael are top-tier professionals who have earned an opportunity to further develop their careers. They enjoy sterling reputations with institutional investors, and bringing them to the Washington region further strengthens our presence and capabilities in this important market.”
”Our enhanced Washington, DC office investment sales team is better equipped than ever to offer best-in-class strategy, advice and execution to investors throughout the market,” said John Germano, Executive Managing Director of CBRE’s Mid-Atlantic Region. “Together with the collective strengths of our existing DC team, Ryan’s and Michael’s invaluable expertise and insight will further elevate our office practice in the region.”
The expansion of CBRE’s office investment team, combined with the expertise of its Debt & Equity Finance professionals, enables the firm to provide unsurpassed capital markets solutions for institutional investors in the DC area.
Following his relocation to Washington, DC, Mr. Clutter, will continue to be a market leader in the Carolinas, where he has elevated CBRE to over 50% market share in office and industrial sales. Ryan’s talented partner, Patrick Gildea, and the entire support team in Charlotte will continue to serve clients in the Carolinas and collaborate with Will Yowell, Vice Chairman in Atlanta, as well as CBRE Capital Markets professionals across the Southeast. Notably, Mr. Yowell collaborated with Mr. Clutter on the recent $250 million sale of Hearst Tower and $163 million sale of Fifth Third Center in Charlotte.
As he transitions to the DC region, Mr. Blunt will remain actively involved with current and select new assignments in the Greater Philadelphia market. Executive Vice Presidents Michael Hines and Robert Fahey and Senior Vice President Lizann McGowan will maintain their roles as investment sales market leaders in the region.
According to Real Capital Analytics (RCA) CBRE was the No. 1 firm in the U.S. for commercial property investment sales in the first half of 2012, with a market share of 16.2%. CBRE also led the market in 2011 and has been the leader for the past six years according to RCA.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.