Burgio Bolts Cushman for Insignia

NEW YORK CITY-Long-time New York real estate player Michael Burgio has folded his tent at Cushman & Wakefield to make camp at archrival Insignia/ESG. The former C&W executive director has signed on as an executive managing director at I/ESG and will be based out of the firm’s Midtown headquarters.

“Michael brings 15 years of superb experience and excellent negotiating skills to the table,” I/ESG chairman and CEO Stephen B. Siegel tells GlobeSt.com. “But his greatest strength is business development. Mike built his career on sourcing his own opportunities. We’re grateful he chose our platform.” Siegel adds that hiring Burgio was “opportunistic more than strategic, although he fits in very well with the disciplines he has and the types of tenants he has pursued over the years.”

Burgio says he believes the new environment will enable him to improve on his already strong Cushman track record. “I’m doing the same thing only better, I hope,” he tells GlobeSt.com. “They have a very strong platform here and a tremendous amount of resources. I would suspect the majority of my clients will follow me, if not all.”