NEW YORK CITY—CBRE Group, Inc. has promoted Patrick Arangio to vice chairman. Formerly an EVP and co-leader of CBRE's capital markets' national loan sale advisory group, the 34-year-old loan expert is the company's youngest vice chairman of the capital markets group.
Arangio, a 13-year veteran of CBRE, has participated in the advisory and placement of more than $18 billion in loan sales in his career. Heis responsible for the sale and marketing of commercial mortgage loans on the secondary markets and has been the transaction manager or co-project Manager on more than 150 large loan and portfolio assignments, including sales of all types of loans secured by all product types throughout North America. He has been involved in valuation, advisory and disposition of more than $16 billion of loan sales on the secondary market, secured by all types of residential and commercial assets ranging in size from $100,000 to $150 million per credit in all 50 states and Canada.
The new appointment is the result of Arangio's high-level of production, a company spokesman tells GlobeSt.com. Arangio was traveling at press time and could not be reached for comment.
Adds Christopher Ludeman, president, CBRE capital markets, “The levels of achievement to attain the vice chairman title are extraordinary in tenure, financial achievement and adherence to company values. In every measure, Patrick has met and exceeded the standards set by the firm.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
