NEW YORK CITY-The all-star investment sales team of Richard Baxter, Jon Caplan, Ron Cohen and Scott Latham is leaving Cushman & Wakefield to lead the New York City capital markets business at Jones Lang LaSalle. C&W’s Frank Liantonio tells GlobeSt.com that “we’re not happy that they left, but with transaction volume in the city off 93% last year, we’re clearly not surprised.”

Together, the foursome has more than a century of combined experience in the capital markets arena and has sold more than $20 billion of commercial real estate over the past decade at C&W. Highlights of that tenure include 666 Fifth Ave., 388-390 Greenwich St., 200 Park Ave., the Seagram Building at 375 Park Ave. and the Plaza Hotel. At JLL, they’ll be expanding their new employer’s overall New York City capital markets effort, which includes investment sales, debt placement, recapitalization, note sales, and placement of rescue capital and joint venture equity capital.

In a release, Peter Riguardi, president of the New York Region at JLL, calls Baxter, Caplan, Cohen and Latham “accomplished professionals who have been the drivers behind many of the city’s largest and most important real estate deals. Integrating their capital markets expertise will provide a major boost to our client service offerings in New York as well as our overall Americas and global capital markets platforms.”

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