New York superbrokers Doug Harmon, Adam Spies and Kevin Donner have joined Cushman & Wakefield as chairmen in the capital markets division.
The trio is responsible for a massive slice of the $22.7 billion in investment sales handled at Eastdil Secured last year.
Harmon has been involved in large transactions this year. He led a group of brokers in negotiating Allianz’s purchase of a 44 percent stake in10 Hudson Yards. He also represented a trust connected to Lehman Brothers in the $140 million sale of the Nylo hotel in the Upper West Side.
Together, they have more than 50 years of high-profile real estate experience including more than 500 transactions covering all major asset types with a combined value of more than $200 billion dollars.Brett White, Cushman & Wakefield chairman & CEO, welcomed the three to the firm.
“As the recognized leaders in the New York institutional capital markets business, we are pleased to welcome Doug, Adam, and Kevin to Cushman & Wakefield,” said White via a spokesman.
There was no official announcement from the brokerage, which is reported to have offered the men a commission-based pay structure as opposed to the salaried positions they left Eastdil, a Wells Fargo affiliate.
TPG Companies acquired Cushman & Wakefield in September of last year. The $2 billion acquisition combined Cushman & TPG’s private equity firm DTZ, creating the world’s third largest property brokerage firm behind CBRE Group and Jones Lang La Salle.