Richard Palmiter is a Vice President serving the Minneapolis – St. Paul Metropolitan area at CBRE. Currently, he represents banks, investors, developers, and landowners in their sale/purchase of special assets and REO (Real Estate Owned) assets.
Mr. Palmiter provides leadership for the following business lines:
- Brokerage Services: Provides strategic, integrated and comprehensive commercial real estate services for property owners and industries in the office, industrial, residential, and retail sectors.
- Land Services: Provide extensive knowledge of local market conditions, competitive land parcels, and the regulatory environment to assist land owners and developers in forming a strategy for maximizing the value of their real estate holdings.
Mr. Palmiter has more than 20 years of experience in real estate and finance. During the past two years, he has successfully facilitated transactions with the FDIC, national and regional banks, national builders, investors seeking sound investment opportunities, and companies that are downsizing and parting with multiple locations.
Before joining CBRE, Mr. Palmiter’s experience included the management and disposition of bank-owned, non-performing real estate assets in the Minneapolis, MN and St. Louis, MO areas. He has also managed portfolio-owned, real estate for the FDIC. More recently, he held positions as VP of Acquisition and Development for both regional and national builders. These positions established many professional connections with both the regulatory entities and private companies, which is vital to the successful disposition of distressed properties.
