Gil Medina has left Cushman & Wakefield for CBRE, the company announced this morning.
Medina will serve as an executive vice president in brokerage services in CBRE’s Saddle Brook, NJ, office.
Medina will focus on providing and co-ordinating integrated real estate solutions on behalf of corporate, governmental and academic research organizations, in addition to local and global business development across all CBRE service lines, the company said in a statement.
“This is an ideal time for Gil to be joining CBRE as his deep vertical expertise is a perfect compliment to our broad service platform,” said Jeffrey Hipschman, senior managing director, CBRE New Jersey.
“The Garden State is experiencing a renewed vitality as part of the economic recovery and offers many strategic advantages in the ever-changing structure of how business is conducted locally, nationally and globally. Gil will be a tremendous asset to CBRE by taking his high-level, C-suite approach to business and leveraging it with CBRE’s extensive platform of services.”
Most recently the executive managing director for Cushman & Wakefield’s New Jersey offices, Medina’s involvement in both governmental and business organizations is widely known and highly respected throughout New Jersey.
He served as the secretary of commerce for the state under Governor Christine Todd Whitman, and was responsible for planning and implementing business climate and organizational reforms that dramatically improved the state’s economy, as well as formulating technology policy in various capacities. He conducted complex negotiations that brought relocations and expansions to New Jersey.
Hipschman added: “As one of the most accomplished real estate professionals in New Jersey, Gil brings unparalleled relationships and extensive knowledge of the state’s key government, corporate and real estate players to our organization.
“ His decision to join CBRE reflects the strength of our team’s market position as we continue to deepen our bench of exceptional professionals to deliver best-in-class service for our clients.”
“The role of the real estate services provider is changing,” Medina said. “Clients today are looking for us to provide more than real estate solutions. They want us to be strategic advisors who make a positive impact on their businesses.
“CBRE not only has a reputation for integrity and superior market research intelligence, but also offers the most comprehensive array of service lines and expertise in the commercial real estate business. My goal is to always provide clients with the utmost in service and added value. With CBRE’s depth and breadth of key insights and knowledge, I can successfully help clients make informed decisions that align with their overall business strategies.”
Medina’s departure comes on the heels of Glenn Rufrano’s resignation as Cushman & Wakefield CEO earlier this month.
Carlo Barel di Sant’Albano was named as the interim CEO to replace Rufrano, who had been CEO of the company since early.
Ron Lo Russo, president, New York Tri-State Region, Cushman & Wakefield, Inc. said: “Cushman & Wakefield is re-evaluating its regional leadership. Gil Medina has transitioned out of C&W. Kim Brennan, Senior Managing Director, will continue to run the firm’s New Jersey operations on a day-to-day basis. We have ambitious plans to grow to maintain our leadership position in the New Jersey market.”