CBRE promotes Arangio to vice chairman

CBRE Group, Inc. revealed that Patrick Arangio, co-leader of CBRE's capital markets' national loan sale advisory group, has been promoted to vice chairman. A 13-year industry veteran, Arangio has participated in the advisory and placement of more than $18 billion in loan sales in his career, becoming capital markets' youngest vice chairman. Arangio is 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 in excess of $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 levels of achievement to attain the vice chairman title are extraordinary in tenure, financial achievement and adherence to company values," said Christopher Ludeman, president, CBRE Capital Markets. "In every measure, Patrick has met and exceeded the standards set by the firm." In 2012, Arangio was cited in The Mortgage Observer's Top 20 Under 35 and in Real Estate Weekly's All Star Brokers Awards in 2007. Arangio graduated from Cornell University with a Bachelor of Arts degree in English. He is a member of the Cornell Real Estate Council. Arangio resides in New York City with his wife Elizabeth and twin daughters Emma Julianne and Sydney Maya.