Raymond Torto Retires from CBRE

LOS ANGELES—CBRE‘s global chairman of research Raymond Torto has announced that he will retire from the firm on July 31, 2014. He has worked for the firm for over 30 years previously serving as a senior member of CBRE’s research team and as its global chief economist.

“I think of my next stage as one of tapering the pace, but keeping involvement with the real estate industry and good friends,” Torto tells GlobeSt.com. “I will be at the Harvard Graduate School of Design teaching real estate to urban planning and design graduate students and mentoring their careers, and I am working on a text book for the course. I am also going to be a consultant to a major global developer on mixed-use investments and opportunities.”