CBRE, a leading commercial real estate services firm, has announced the appointment of James Millon as the new president of its U.S. Debt and Structured Finance (DSF) business. Millon, who previously served as the co-head of U.S. large loans at CBRE, will assume his new role on November 1.
The DSF unit has been a significant contributor to CBRE’s success, averaging over $70 billion in loan originations over the past two years. Additionally, it manages a loan servicing portfolio worth more than $395 billion. Millon’s extensive experience and expertise make him the ideal candidate to lead and further enhance the growth of the DSF business, particularly during a time of market uncertainty.
Chris Ludeman, CBRE’s global president of capital markets, expressed his confidence in Millon’s ability to drive the business forward. Ludeman highlighted Millon’s deep understanding of the market, CBRE’s clients, and the company’s platform, making him highly regarded within the investor and lender communities.
Millon will be succeeding Tom Traynor in his new role and will transition all deal activities to him. During his tenure at CBRE, Millon has successfully originated over $75 billion in commercial real estate loans. He was responsible for several notable deals, including a $1.25 billion construction loan for the redevelopment of West Chelsea’s Terminal Warehouse, which involved prominent companies such as Blackstone, Goldman Sachs, KKR, L&L Holding Company, Columbia Property Trust, JPMorgan, and Allianz.
Prior to joining CBRE, Millon held senior positions in commercial real estate capital markets at Deutsche Bank and Société Générale. He holds a bachelor’s degree and an MBA from Penn State, where he also played football as a defensive back.
CBRE’s appointment of Millon reflects the company’s commitment to maintaining its leading position in the commercial real estate industry. His leadership and industry knowledge will be crucial in navigating the challenges brought by the current market uncertainty. With a strong track record and deep understanding of capital markets, Millon is well-equipped to drive the DSF business forward and deliver value for CBRE’s clients.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm. It offers a comprehensive range of services, including brokerage, investment sales, advisory, and property management. With a global presence in more than 100 countries, CBRE assists clients in achieving their real estate objectives and optimizing their portfolios.