Cushman & Wakefield Sonnenblick Goldman
The acquisition represents a continued expansion of Cushman &Wakefield's Global Capital Markets platform, adding Sonnenblick Goldman's reputation for leadership in real estate financing and hospitality sale and finance transactions, according to a statement. The firm will provide highly specialized debt structuring, mortgage banking, equity raising, brokerage and associated advisory services to real estate owners, investors and developers.
Steve Kohn, president of Sonnenblick Goldman, has been named president of the new finance firm. Tom MacManus, EVP and head of C&W's debt & equity finance practice, has been appointed chairman and CEO. The six principals of Sonnenblick Goldman will continue to maintain a significant ownership position in the new entity.
Mark Gordon, a managing director and principal of Sonnenblick Goldman's International Lodging and Leisure Group, has been appointed EVP and head of C&W's Hospitality Group in the US. Andrew Oliver will direct the debt capital markets group. Robert Stiles, who currently oversees all West Coast operations for Sonnenblick Goldman will continue in that capacity. Richard Swartz will run the Boston office for Cushman & Wakefield Sonnenblick Goldman and Douglas Hercher will focus on the firm's fund-raising business through Cushman & Wakefield Securities Inc., among other Capital Markets activities.
"This acquisition provides our global clients with access to world-renowned expertise, a broad array of capital sources and most significantly unsurpassed debt and equity finance capabilities," says Bruce Mosler, president and CEO of C&W.
Gordon notes that, "Sonnenblick Goldman's longstanding track record of executing complex hospitality sale and finance transactions in the US, and Cushman & Wakefield's strong international presence, will enable us to create a truly global full-service hospitality advisory practice."
Kohn explains that the combination of C&W's full service global platform and Sonnenblick Goldman's capital markets expertise and relationships will result in a real estate investment banking powerhouse.
"Cushman & Wakefield Sonnenblick Goldman will provide optimal capital solutions for the clients of the combined firms," adds MacManus. "We share a commitment to focus intensely on our clients' capital objectives providing tailored solutions with the highest quality of service. We're looking forward to bolstering our competitive position by leveraging this very high caliber talent pool we have acquired."
Continue Reading for Free
Register and gain access to:
- 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
© 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.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
