Cushman & Wakefield Forms Capital Markets Unit

LOS ANGELES-Cushman & Wakefield has formed a new Southern California capital markets group, naming four of its top investment sales brokers as the core of the 22-member group, in a move that is a sign of changing times in the commercial real estate industry and changing expectations on the part of clients. Marc Renard, who has been named managing director of the group, tells GlobeSt.com that the new group is a response to “the tremendous amount of activity and the complexity of the transactions occurring in the market today.”

Thanks to the changing dynamics of the real estate capital markets today, Renard explains, investment sales brokerage teams must be able to provide “a comprehensive platform that draws upon many areas of expertise,” such as that created by the new Cushman & Wakefield team. In addition to 24-year industry veteran Renard, the other three senior members of the new group are executive vice president David Hasbrouck, executive director Richard Plummer and senior director Steve Algermissen.

Collectively, the four have completed more than $20 billion in sales, notes Tony Marano, Cushman & Wakefield’s chief executive officer for the Americas. Frank Liantonio, executive vice president of Cushman & Wakefield’s global capital markets group and head of US transaction services, adds that the move is in line with the firm’s overall approach in major markets across the nation to “put the absolute best team on each assignment.”