Exec Unveils Web Portal for Small CRE Investors

Ray Wirta, vice chairman of CB Richard Ellis, has announced the creation of a proprietary Web-based system that enables smaller investors to own commercial real estate.Mr. Wirta, 63, said the system is being made available through NexREGen, a Newport Beach, Calif.-based company he founded to allow investors with as little as $2,500 to enter the CRE market with low risk and high return. "There is a growing market of younger investors that want nontraditional yet profitable ways to invest their money," Mr. Wirta said. NexREGen, which stands for the next real estate generation of investors, "is the first company to make an opportunity like this available to the public online," he said. The company can be found on the Web at http://www.nexregen.com.