CBRE Bolsters DC Investment Team

WASHINGTON, DC-CBRE is relocating two executives from nearby offices to the city to bolster the company’s local investment sales team. Ryan Clutter and Michael Blunt, both executives in CBRE’s US Investment Properties Institutional Group, will join Bill Kaye, Bill Prutting and Bruce Strasburg to focus on office-property capital market solutions in the Washington, DC area.

Clutter, an EVP with CBRE, currently focuses on disposition strategies for institutional investors throughout the Carolinas. Blunt is a SVP on the Philadelphia investment sales team and specializes in institutional investment properties in Pennsylvania, New Jersey, Delaware and Northern Maryland.

”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, in a prepared statement. “Together with the collective strengths of our existing DC team, Ryan and Michael’s invaluable expertise and insight will further elevate our office practice in the region.”

This shift in personnel is one of a handful of changes CBRE has made to its local operations over the past several months. Last Fall, it launched new national leasing group called the Aerospace and Defense Contractors Practice Group.

CBRE has been representing this space for decades, but the changes in the industry require a more formalized approach, Germano told GlobeSt.com at the time. At the start of the year, real estate broker Louis G. Christopher has joined the firm as vice chairman, with a focus on tenant representation on a local, national and global level.