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CHICAGO-Cushman & Wakefield recently hired Dean Dornbos as the managing director of debt and equity finance for Chicago. Keith Largay was also hired as a director and Rupesh Patel as an associate for the practice. The three had previously worked for the mortgage banking firm Northmarq Capital Inc., where Dornbos was managing director and opened the firm's Chicago office nine years ago. Northmarq officials could not be reached for comment.

The three will work for Tom MacManus, who was recently hired as the executive vice president for debt and equity finance throughout the Americas. MacManus had previously been a president of GMAC Commercial Mortgage Corp. Dornbos, Largay and Patel "instantly establishes our expertise in the Chicago area and enable us to provide our clients integrated financial solutions across multiple disciplines and add value to the equation on each and every opportunity," MacManus says in a released statement. MacManus, who will be based in the firm's New York office, will be hiring for the other offices in the US and will oversee the group, Dornbos says.

Dornbos, who has arranged more than $4 billion of debt and equity finances, has been with Cushman and Wakefield for slightly more than a week, he says. The position at Cushman & Wakefield gives Dornbos the opportunity to work for a "very well established firm, not only domestically and internationally" and to help them put a "finance platform" in place, he says. Cushman & Wakefield "provides a vertically integrated capital markets platform…but what they have not really done to date on a regular basis is finance real estate." The new debt and equity financing practice will offer "another major financial service that we offer to real estate owners, which is real estate finance," he adds.