CBRE Expands DC Institutional Team

WASHINGTON, DC-CB Richard Ellis is ratcheting up its institutional group’s focus in the metropolitan area, bringing on board a veteran broker that up until now has divided his practice between sales and leasing.

Rob Faktorow, with 22 years experience, has joined John Norjen and Bill Prutting Jr. to leverage the growing interest of institutional investors in the DC area, Norjen tells GlobeSt.com. Faktorow, who spent seven years in Insignia/ESG’s Tyson’s Corner, VA office, was absorbed into CBRE after the 2003 acquisition. He continued to work on both lease and sales transactions in the Washington DC area, occasionally closing on deals with the institutional group. He, Norjen and Prutting teamed on sales in excess of $1.5 billion last year. Norjen says the group is well on its way to meet that number and will likely exceed it now that Faktorow will be working fulltime on institutional sales.