Its major client is Millennium Partners, a developer of urban mixed-use buildings including luxury hotels, condos, entertainment venues, fitness facilities and retail outlets.

Noting that the acquisition was executed in thirty days, Bruce Mosler, C&W president, says, "we have recognized Gene and his team as major players in Manhattan retail real estate and I know they will continue to grow their global business at C&W..." He also announced that his firm would be buying retail real estate firms around the country during the next year.

"Cushman & Wakefield presented us with the best platform on which to leverage out existing business, and provide us with the ability to execute the Millennium Partners account," Spiegelman says.