People
Ray Torto

Raymond Torto is the CBRE Global Chief Economist and serves as the Company’s primary spokesperson on the global economy and commercial real estate markets.  Dr. Torto is also the Executive Managing Director of CBRE Global Research and Consulting CBRE’s worldwide team of commercial real estate market analysts and economists.

Dr. Torto has successfully performed in various policy and management positions in academic and government arenas as a Professor of Economics, Department Chairman and Director of the Public Policy Institute at the University of Massachusetts and as a government official in the City of Boston.   After gaining valued experience in these sectors, he built on his knowledge and expertise by becoming a founding principal of Torto Wheaton Research (TWR), an internationally recognized commercial real estate research company.  Soon after its founding, TWR was acquired by CBRE and is now branded as CBRE Econometric Advisors.

Dr. Torto has authored four books and numerous academic and professional articles on economics and commercial real estate.  He is a frequent speaker at industry events and is often quoted in the global real estate press. Dr. Torto is active in many real estate organizations including service as Treasurer, Vice Chairman and Chairman of Pension Real Estate Association (PREA) and as a Director of the PREA Board.  He is also a Senior Fellow of the Real Estate Research Institute and a Fellow of the Homer Hoyt Advanced Studies Institute as well as a member of Urban Land Institute, American Real Estate Association and a Counselor of Real Estate.

Dr. Torto is a co-recipient with Bill Wheaton of the 2007 James A. Graaskamp Award for Real Estate Research Excellence and is currently a visiting faculty member at Harvard University’s Graduate School of Design.  Dr. Torto holds a Ph.D. in Economics from Boston College.



People: Ray Torto

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