CBRE Creates Cap Markets Group

CB Richard Ellis, Los Angeles, has created a capital markets group that integrates its investment sales and mortgage banking businesses into a single global division.For 2004, the sales side had business activity of $87.2 billion and L.J. Melody had $13.3 billion in loan originations, according to CBRE. Brian Stoffers will retain his position as executive managing director of L.J. Melody while also serving as president of CBRE Capital Markets, the company said. "Collaboration between these groups has been under way for a number of years," said Brett White, CBRE's president and chief executive officer. "The creation of CBRE Capital Markets formalizes this unification and streamlines our global capital markets offering. Increasingly, major investment clients are looking for capital markets solutions rather than separate sales and financing transactions. Our capital markets group will enable us to meet their capital requirements efficiently anywhere around the globe." The company can be found online at http://www.cbre.com.