Mr. McCarthy is a leading broker in Los Angeles and joined CBRE in 2003. Mr. McCarthy is nationally recognized specializing in the sale of urban redevelopment properties, land for the development of mixed-use and multi-family assets, existing multi-family assets and in structuring joint venture and structured finance agreements. Throughout his career, Mr. McCarthy has been involved in the sale of properties with a total value of over $1.3 Billion.
During his tenure at CBRE, Brad McCarthy has completed numerous high-profile transactions in Los Angeles and Southern California including the $200 Million sale of 8th+Hope, a Class “A” apartment tower on behalf of Wood Partners and CBRE Global Investors, the $148 Million sale of the Downtown L.A. Metropolis mixed-use development site on behalf of CalSTRS and IDS Real Estate Group, the $130 Million sale of the 6th+Alameda Arts District development site on behalf of Lowe Enterprises and the $63 Million sale of the 8th+Grand development site on behalf of Astani Enterprises. Additional major clients include Ares Management, ASB, Carmel Partners, Century West Partners, Citi Group, GID, Hankey Group, Hanover, Lennar, MSD Capital, SunCal, The Salvation Army, University of Southern California and the Wolff Companies.
From 2005-2009, Mr. McCarthy served as Vice President with CBRE’s Global Corporate Services division and was responsible for executing transactional and consulting services for several global and national accounts. Major clients included American Express, eBay, Wells Fargo Bank and 365Main. In 2008 Mr. McCarthy’s team executed the design and development of a $300 Million Tier IV data center in South Jordan Utah on behalf of eBay’s PayPal unit. Mr. McCarthy and his team also executed the national acquisition, financing, development and leasing of 365Main, Inc.’s data center portfolio, allowing the company to grow from a single California data center into one of the most significant privately held data center firms in the U.S. In 2010 365Main was acquired by Digital Realty Trust for $725 Million.
Mr. McCarthy also served as an appraiser in CBRE’s Valuation and Advisory Services division from 2003-2005. He appraised various core, value-add, and opportunistic real estate transactions on behalf of institutional clients including Archstone Smith, AvalonBay, CIM Group, Clarion Partners (formerly ING Clarion), Equity Residential, Essex Property Trust, Invesco, MetLife, NY Life, Principal Real Estate Investors, Prudential, Related and Deutsche Asset and Wealth Management (formerly RREEF).