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Ray Torto retires from CBRE, stays busy

by Reg Clodfelter

Capping a storied career, Ray Torto, former global chairman of research, CBRE, has officially retired from the firm.

“It’s more of a tapering than a retirement,” explains Torto, 72, who is currently teaching classes at the Harvard Graduate School of Design and speaking at a number of industry events in the coming months, including the Sun Trust and Wellington Management Luncheon for REIT Investors, this week.  

Torto is also editing an updated version of Market Analysis for Real Estate by the late Rena Mourouzi-Sivitanidou, a friend and former professor at the University of Southern California. After her passing, Rena’s husband Petros, as editor, compiled her notes into a 19-chapter text that Torto uses in his class. Now Torto is working with Petros as co-editor of the second edition to update the book.

“For Petros, this is a love story and a labor of love, and I am happy

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