Overview
Eric Chen, Blake Torgerson, Andy Yu and Gordon Chang constitute one of the region’s premier investment sales teams, representing clients in transactions of multifamily properties and land for development in the San Gabriel Valley and Inland Empire regions.
The team -- which represents a variety of clients including high net worth individuals, syndications, hedge funds, family trusts, private equity firms and oversea investors from Asia -- combines multi-lingual expertise (Mandarin/Chinese), unmatched market insight and strategic advice to help clients achieve the highest possible return on their investments.
Under Mr. Chen’s leadership, the team harnesses both CBRE’s proprietary “360 database” of 150,000+ investors worldwide, as well as their own personal catalogue of 45,000 contacts throughout Southern California. Through access to this extensive network, their deep client relationships and the ability to leverage CBRE’s vast expertise across specialties, including CBRE Debt & Structured Finance, CBRE Valuations & Appraisal and CBRE Research, the team consistently surpasses expectations by offering personalized solutions coupled with the prowess of the world’s largest commercial real estate services firm.
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Available Listings
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1031 Exchange
Our team specializes in 1031 exchanges. Whether you are in an exchange or interested in exchanging your property, contact us to learn more.
Our Team
Eric Chen
Senior Vice President
Capital Markets, Multifamily
Lic. 01489184
Blake Torgerson
Associate
Capital Markets, Multifamily
Lic. 01919955
Andy Yu
Associate
Capital Markets, Multifamily
Lic. 02003568
Gordon Chang
Associate
Capital Markets, Multifamily
Lic. 02036925
Ryan Wilkinson
Senior Vice President
Debt & Structured Finance
Lic. 01367594
Christina Tran
Client Services Specialist
Capital Markets, Multifamily
Lic. 02035692
Aaron Garcia
Client Services Coordinator
Capital Markets, Multifamily
Read on to learn how Eric Chen uses his success as Senior Vice President of Multifamily Investment Sales to further advance talent at CBRE.
CBRE Talent Through Diversity and Inclusion
Research
Tight Vacancy Bodes Well for Small Multifamily Assets
Small multifamily assets—those with 50 units or less—are enjoying favorable market conditions. Recent and historical vacancy figures provide quantitative evidence of their investment potential.
Transaction Trends in Small Multifamily Assets
A high percentage of U.S. multifamily inventory is in small properties, and a significant percentage of multifamily renters live in these properties. Find out why investment in and financing of smaller assets is very active, particularly multifamily.
The Case for Workforce Housing | A Market Perspective
Workforce housing has outperformed the overall multifamily market in recent years with relatively low vacancy rates and above-average rent growth. Does investment in workforce housing still make sense? Explore property market fundamentals of workforce housing, supply and demand trends and which metro markets are outperforming national trends.
Featured Transactions
Lina Pasadena | Pasadena, CA
Multifamily | Q2 2019 | $2.72M
Orangeville Senior Living | Riverside, CA
Multifamily | Q1 2019 | $4.43M
Former Museum of California Art Building | Pasadena, CA
Retail | Q2 2019 | $7.6M
3628 Madison St | Riverside, CA
Multifamily | Q2 2019 | $2.45M
Kimberly Apartments | Baldwin Park, CA
Multifamily | Q4 2018 | $6.26M
Client Testimonials
“I recently completed the sale of a multi-tenant property with the help of Eric Chen and his team at CBRE, Investment Properties/Multifamily. I could not have been more pleased with the ease of the transaction and their professionalism. Eric Chen met with me personally and walked me through the expectations of the transaction. After meeting with Eric, I fully understood the market pro's and con's before deciding to list my property. Once the property was listed, Eric and his team marketed the property aggressively, setting up a visitation date with multiple buyers. We closed within 30 days on a full cash offer at our asking price. If you are a seller or buyer of Multi-Family Properties in Southern California, I would highly encourage you to utilize the expertise of Eric Chen and his team at CBRE. You will not be disappointed!”
Chris MacArthur, Trustee
MacArthur Family Trust
“Eric Chen and his team at CBRE provided a very high level of service. With the utmost professionalism, he quickly found a qualified buyer for our apt complex and helped close the transaction as promised. We would not hesitate to use Eric and his team again.”
Chris Kwasizur, CFO
Operon Group
"It is a pleasure to write this recommendation for Eric Chen with CBRE, since I have worked with him for the past 5 years. From start to finish, Eric has consistently demonstrated loyalty to his clients as well as trust worthy information which reflects his experience in the industry and his attention to detail. Additionally, he possesses an infectious “can do” attitude and a genuine importance to earn a long term relationship with his clients. With that said, I highly recommend Eric to be your CRE Broker!"
Marco Arcadia, Vice President - Relationship Manager
Community Bank
"Eric is a highly motivated individual that I have closed several exchanges with in the last 12 months. His work ethic is second to none. He is quickly becoming one of the largest producing agents in his market. If you are selling an investment property in the San Gabriel Valley he should be at the top of your list."
Greg Burns, Senior Vice President
Investment Property Exchange Service, Inc.
“We were very pleased that you were able to get the price that we were hoping for when other brokers told us that they felt we might be reaching for a price that was unachievable. Your lending connections made the financing process flow smoothly and you’re getting the appraiser comfortable with the value even when there were very few comparables available. Your positive attitude as well as your professionalism has been greatly appreciated. Your attention to detail and follow through made this extremely easy on our end."
Dean Washle, Managing Director
Newmark Grubb Knight Frank
“Eric is amazing. He stepped in to handle the marketing and sale of an apartment building in Covina that was the subject of litigation. He was able to handle the opposing parties who co-owned the property with grace and patience. He sold the property quickly and at a great price. His professionalism is beyond compare. I highly recommend him.”
Tom P. Davis, Principal
Davis Law
“We encountered several unforeseen issues during the closing process, which normally would have jeopardized the entire transaction. However, even under pressure, Eric manifested exceptional professionalism, problem solving skills, tenacity, and most importantly, strong sense of responsibility to serve his client that enabled us to successfully close the deal in the end. He is a first rate real estate agent, and as his client and his friend, I enthusiastically recommend his services to anyone.”
Yuseke Takahashi, Previous Managing Partner
Goldman Sachs
"My wife and I have known Eric for many years. He has guided us through multiple transactions, both as sellers and buyers. We have found him to be scrupulously honest, patient, always accessible, cheerful and very smart. He even follows our progress after we’ve made a purchase! I have interacted with dozens of realtors over the years but to say Eric is one in a million is an understatement."
Phil Reeves, Manager
Barton Summit LLC
“Their team quickly identified the most appropriate buyer and managed the transaction to a timely and successful closing. The team demonstrated professionalism throughout the process from initial property analysis and presentation through execution of the sale. Their transparent communication style also made the process easy for CT and its partners."
J. C. “Watty” Watson, Chief Executive Officer
CT Realty
“Thank you for assisting us for this sale. The handling of this sale from marketing to closing, seamless! You will be the go to person for our real estate needs in the future. Thanks again for your help. It’s professional all the way!”
Herbert and Shirley Chan, Private Investors
“Your team's service is the best I ever had in all of my real estate transactions. This is a clear indication of what kind of a leader Eric Chen is, outstanding."
Santigual Filemon, Private Investor
"We approached Eric Chen to assist us in selling an asset located in a tertiary market after working with 3 other retail specialist brokers that had failed to achieve the price that our investors required. Eric and his team quickly put together a detailed, targeted, strategic plan that leveraged their deep client base and experience in handling CMBS loan assumptions to deliver the price we needed in a short amount of time. His team was extremely knowledgeable and thorough. Bottom line: Eric and his team deliver results and I would not hesitate to use them again for future deals."
David N Fong, Esquire
Red Bridge Capital
"We are very pleased to have closed escrow on a sale with Eric and want to thank you for effectively marketing the property and managing the transaction from start to finish. We appreciate your high level of professionalism and personal service with this deal and are looking forward to the next one."
David Jankowski & Mark Chalfin,
Revere Investments
"On behalf of all owners and employees of Fairview Ventures, I would like to extend my appreciation to a job well done with the acquisition of our multifamily investment. CBRE’s service during the transaction was excellent and we appreciate your communications, planning, and strong integrity in handling all aspects of the deal."
Jason Mak, President
Fairview Ventures
"I highly recommend Eric Chen and his team at CBRE to anyone looking to buy or sell multifamily housing. I just closed my 3rd transaction with Eric and team, and I am confident that there will be many, many more to come. Eric’s team is highly knowledgeable, very organized, and incredibly responsive. They guided me through my first deal with ease and were able to explain and solve any and all issues that came up along the way. His team is very proactive about giving updates and making sure that the entire process is transparent and smooth. I have enjoyed working with the team and look forward to working with them even more in the future."
Grant Lin, Managing Director
NLZ Capital, LLC
"Your strategy for selling the apartments was excellent and I can’t say enough about how I appreciated your expertise with commercial real estate and understanding the buyers for that market. An all cash sale with no contingencies and a quick close at 10k over list – we couldn’t have asked for more! I will definitely recommend you to others. All the best to you!”
Greg L., Trustee
Lindsey Trust
"Eric Chen & Joyce Goldstein of CBRE did a phenomenal job helping my family sell two apartment buildings that we had held in partnership with another family for nearly forty years. They were able to recommend smart repairs and upgrades, carefully analyze rent rolls in order to maximize value, and aggressively market the buildings to a very large potential base of buyers. The process was not at all simple and the team overcame multiple complex challenges which ultimately resulted in two successful sales that closed quickly for amounts well within our targeted goal range. I recommend them both without hesitation and I would welcome the chance to work with them again on either the buyer or seller side of a future transaction."
J. Lindsey, Trustee
Lindsey Family Trust
Related Services
Corporate Capital Markets
We provide unbiased advice, analysis, and execution capabilities for alternative capital solutions for corporately owned and occupied real estate.
Debt & Structured Finance
CBRE Debt & Structured Finance offers clients assistance with placement of debt and equity for all major property types.
Appraisal Management
CBRE offers an appraisal platform for financial institutions ranging from stand-alone community banks to multi-bank/multi-state financial institutions that do not want the high expense of an internal group.
Case Studies
Kimberly Apartments
Baldwin Park, CA
Deep market knowledge and end-to-end execution deliver certainty of performance and drive big returns for both buyer and seller
Baldwin Park, CA
Press Releases
67-Unit Apartment Property in San Bernardino, Calif. Sells for $7.73 Million to Local Investor
August 7, 2019
CBRE announced the sale of a 67-unit apartment property in San Bernardino, Calif. to a private investor for $7.73 million.
August 7, 2019
Six-Unit Multifamily Complex in Pasadena, Calif. Sells to Private Investor for $2.7 Million
June 13, 2019
CBRE announced the sale of Lina Pasadena, a six-unit multifamily community in Pasadena, Calif. for $2.7 million to a private investor.
June 13, 2019
Two Senior Active-Living Apartment Buildings in Riverside, Calif. Sell for Total of Nearly $7 Million
June 13, 2019
CBRE announced the sale of two senior active-living apartment buildings in Riverside, Calif., totaling $6.87 million.
June 13, 2019