CBRE Realty Finance, a commercial real estate specialty finance company managed by a subsidiary of CB Richard Ellis, announced the terms for its IPO on Friday. The company plans to offer 12.5 million shares at a range of $15-$17, which gives the deal a proposed market cap of $507 million. Credit Suisse, Deutsche Bank, Citigroup, Wachovia and JMP Securities are set to manage the deal. Timing has yet to be announced.
