Jim Sellers, president of Heritage Advisory Corp. and one of the region’s leading mortgage bankers, has joined CBRE’s Capital Markets Debt & Equity Finance Group as senior vice president.
Sellers will team up with CBRE first vice president Tim Prouty to co-lead the capital market group’s operations in the Tucson market.
With four decades of industry expertise, Sellers is somewhat of an icon among local and national mortgage professionals. As owner of Heritage Advisory Group, 2900 N. Swan Rd., Suite 201, Sellers was president and sole shareholder in the full-service commercial mortgage banking company.
On Aug. 20, 2010, Inside Tucson Business profiled Sellers. Read it online at
Heritage Advisory specialized in loan origination, negotiation and the placement of debt. His transaction expertise includes permanent loans, acquisitions financing, construction loans, joint ventures and acquisitions.
As part of the hiring move, CBRE will acquire part of Heritage Advisory’s loan servicing portfolio. Sellers brings to CBRE an extensive network of capital sources that include life insurance companies, pension funds, foreign and domestic banks, and securitized lenders.
“The only real change is going under a new flag with great enthusiasm. This is a great opportunity to bring more capital into the community and CBRE has the tools to do that in a bigger way,” said Sellers.
Ike Isaacson, managing director of CBRE’s Tucson office, said Sellers’ experience, market knowledge and deep contacts will “complement our team of professionals. Jim is considered one of the most respected mortgage bankers in the business and a leader in the Tucson community.”
Brian Stoffers, CBRE Debt & Equity Finance president said the hiring of Sellers will enable CBRE to offer additional capital sources and enhance its financial solutions for investors.
Theresa Witz, who has worked at Heritage Advisory since 1997, also will join CBRE as a senior analyst.
Contact reporter Roger Yohem at email@example.com or (520) 295-4254.