Baxter and Cohen are working on building C & W's investment sales and will concentrate on upper tier investment sales in the city, according to Bruce Mosler, president, US operations, Cushman & Wakefield.
Though he could not reveal contractual terms, Mosler tells GlobeSt.com that there were no signing bonuses. "I've known these guys for a long time and they were just looking for the right platform. I have high expectations for them."
CBRE officials issued a statement about the brokers' departure. "Rich and Ron are longtime members of our family and we have the highest esteem for them, both personally and professionally," says Joseph R. Harbert, CBRE vice chairman and general manager, New York City. "Even with their departure, however, we still have the number one investment sales team in New York and our clients will continue to be well served by Darcy Stacom, Bill Shanahan and their colleagues, who have sold an average of more than $1 billion of New York City properties annually for the past five years."
Just last week, CBRE lost another big name when an executive managing director Woody Heller joined Studley, where he will serve as executive managing director and head of its new Capital Transactions Group.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
