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NEW YORK CITY-Carlton Advisory Services has hired Bromme Cole as COO and managing director. In this role, Cole will focus on both internal and external management.

According to Carlton executives, “Among his responsibilities are execution of several new business ventures, including the acquisition and expansion of a European platform, establishing additional domestic branch offices, growing Carlton’s 1031 Property Exchange business, and expanding Carlton’s high net worth investor clientele.”

Prior to joining Carlton, Cole was a principal at Hampton/Hoerter LLC. While there is was responsible for placing structures debt and equity for real estate assets. A 20-year veteran to real estate investing, Cole also spent 11 years working at Bankers Trust/Deutsche Bank, developing expertise in structured finances, project development, leasing programs and loan acquisitions.

Locally based Carlton has completed more than $35 billion of transactions during the last seven years. Recently in Los Angeles, as GlobeSt.com reported, Carlton provided a $14.5-million first mortgage for the acquisition of the historic Standard Oil Building.

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