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C&W's TAG Recruits Senior Executives in US Expansion

NEW YORK CITY-The Apartment Group is currently recruiting top senior executives from firms across the country as it takes its model to all of its regional offices, blending the new company with services in place.

By Amy Vaughn | Updated on March 27, 2001

NEW YORK CITY-Leonard F. Helbig III, president of Cushman & Wakefield’s Financial Services Group, says in a GlobeSt.com interview, “The success of the multifamily sector is not any blip in the market.” He says the interest will only continue and as a result, the Apartment Group is rolling out its model to C&W regional office across the US. In its effort to develop TAG operations, Helbig says C&W is in the process of recruiting top senior executives from firms throughout the country.

TAG was formed when C&W, based here, merged with the existing Apartment Group of Atlanta. “We’ve done more than $2 billion in sales over the last 24 months,” says Helbig. This has inspired the company to roll out throughout the US. “We intend to take the model and use it to build on in all of the C&W regional offices such as Dallas, Houston, Chicago and New England. We already have the capabilities in place in Los Angeles, Seattle, Washington, DC and Denver to aid in the blending process.”

The interest in multifamily housing, according to Helbig is demonstrable in the pursuit of such properties by their own clients, such as Lend Lease, which plans to build and expand its apartment holdings by $1 billion. “The two largest demographics that are apartment dwellers are 20-somethings and 50-something empty nesters. These are also the two fastest growing groups in the US. In five to ten years you can just look at where those demographics will take the need for multifamily housing.”

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