Raymond Torto, Ph.D., CRE is CB Richard Ellis’ Global Chief Economist. Dr. Torto, one of commercial real estate’s most renowned economists and forecasters, directs CBRE’s worldwide team of commercial real estate market analysts and serves as the firm’s primary spokesperson on macroeconomic issues and the global commercial real estate market.
Dr. Torto, a former Professor of Economics, Department Chairman and Director of a Public Policy Institute at the University of Massachusetts, has successfully performed in various policy and line management positions in state and local government. After gaining valued experience in the public and academic 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. TWR, now rebranded as CBRE Econometric Advisors, provides commercial real estate research, forecasting and advisory services to institutional investors across the globe.
Dr. Torto is the author of four books, numerous articles and is often quoted in the real estate press. He is active in many real estate organizations and is currently Vice Chair of the Pension Real Estate Association and Research Chair for the Real Estate Roundtable. Dr. Torto is a co-recipient with Bill Wheaton of the 2007 James A. Graaskamp Award for Real Estate Research Excellence and is currently an adjunct professor at Harvard University’s School of Design, Office of Executive Education. Dr. Torto holds a Ph.D. in Economics from Boston College.