CBRE Realty Finance, a commercial specialty finance REIT managed by affiliates of CB Richard Ellis, priced its IPO of 9.6 million shares at $14.50, below its proposed $15 to $17 price range, on Wednesday night. Of the shares sold in the offering, 1.1 million were offered by insiders, who had originally hoped to sell 1.5 million shares. Credit Suisse and Deutsche Bank were the lead underwriters on the IPO. The stock is expected to begin trading on the NYSE under the ticker CBF on Thursday.
