Harmon-Doug

NEW YORK CITY—Cushman & Wakefield has confirmed reports stating that investment sales brokers Doug Harmon and Adam Spies have joined the firm, with both being named chairman, capital markets. The duo—who, according to The Real Deal, represent the top investment sales team in the city—join the firm from Eastdil Secured, where they were senior managing directors.

Joining Harmon and Spies at C&W, also from Eastdil, is Kevin Donner. Formerly a managing director, he has been named an executive managing director at his new firm. Combined, Cushman reports, the three brokers have more than 50 years of high-profile real estate experience, including more than 500 major transactions covering all major asset types, with a combined transaction value of more than $200 billion dollars.

More specifically, The Deal reports, Harmon—who has been with Eastdil for more than two decades, led Eastdil to an industry-dominating $22.7 billion in revenue across 56 sales last year. That's a per-deal average of $405 million—three times more than the firm's closest rival.

Put another way, The New York Post reports that Harmon—who it calls the world's No. 1 investment real estate sales broker—closed approximately $50 billion in deals in 2014 and 2015 combined, with almost 20 of those transactions valued at over $1 billion. Among those were the sale of Stuyvesant Town and Peter Cooper Village, for $5.5 billion; the Crown Building for about $1.8 billion, and the Waldorf Astoria for nearly $2 billion.

Harmon made a name for himself back in 1998, the Post continues, when he represented Leona Helmsley in the sale of the Helmsley Portfolio, which was valued at the time as worth more than $5 billion.

He also sold Harry Macklowe the GM Building for the then-highest city price of $1.4 billion, and later sold Macklowe partner Jamestown's stake, recapitalizing the building at $2.4 billion.

In 2010, Harmon sold Google its Chelsea headquarters for $1.9 billion, sending a signal to the city's tech tenants to head to Midtown South. Cushman previously bolstered its capital markets bench back in late 2014 when it acquired Massey Knakal Realty Services for $100 million. That firm's founding partners joined C&W at that time.

“As the recognized leaders in the New York institutional capital markets business, we are pleased to welcome Doug, Adam and Kevin to Cushman & Wakefield,” White says.

Together they reportedly have more than 50 years of high-profile real estate experience, including more than 500 major transactions covering all major asset types, with a combined transaction value of more than $200 billion dollars.

Harmon-Doug

NEW YORK CITY—Cushman & Wakefield has confirmed reports stating that investment sales brokers Doug Harmon and Adam Spies have joined the firm, with both being named chairman, capital markets. The duo—who, according to The Real Deal, represent the top investment sales team in the city—join the firm from Eastdil Secured, where they were senior managing directors.

Joining Harmon and Spies at C&W, also from Eastdil, is Kevin Donner. Formerly a managing director, he has been named an executive managing director at his new firm. Combined, Cushman reports, the three brokers have more than 50 years of high-profile real estate experience, including more than 500 major transactions covering all major asset types, with a combined transaction value of more than $200 billion dollars.

More specifically, The Deal reports, Harmon—who has been with Eastdil for more than two decades, led Eastdil to an industry-dominating $22.7 billion in revenue across 56 sales last year. That's a per-deal average of $405 million—three times more than the firm's closest rival.

Put another way, The New York Post reports that Harmon—who it calls the world's No. 1 investment real estate sales broker—closed approximately $50 billion in deals in 2014 and 2015 combined, with almost 20 of those transactions valued at over $1 billion. Among those were the sale of Stuyvesant Town and Peter Cooper Village, for $5.5 billion; the Crown Building for about $1.8 billion, and the Waldorf Astoria for nearly $2 billion.

Harmon made a name for himself back in 1998, the Post continues, when he represented Leona Helmsley in the sale of the Helmsley Portfolio, which was valued at the time as worth more than $5 billion.

He also sold Harry Macklowe the GM Building for the then-highest city price of $1.4 billion, and later sold Macklowe partner Jamestown's stake, recapitalizing the building at $2.4 billion.

In 2010, Harmon sold Google its Chelsea headquarters for $1.9 billion, sending a signal to the city's tech tenants to head to Midtown South. Cushman previously bolstered its capital markets bench back in late 2014 when it acquired Massey Knakal Realty Services for $100 million. That firm's founding partners joined C&W at that time.

“As the recognized leaders in the New York institutional capital markets business, we are pleased to welcome Doug, Adam and Kevin to Cushman & Wakefield,” White says.

Together they reportedly have more than 50 years of high-profile real estate experience, including more than 500 major transactions covering all major asset types, with a combined transaction value of more than $200 billion dollars.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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