NEW YORK CITY-In terms of losing valuable talent—in the form of several individuals leaving for a rival firm—Cushman & Wakefield has suffered a big blow. The team headed by veteran commercial broker Andrew Peretz has departed the company to join rival Newmark Grubb Knight Frank's New York City office.
Cushman & Wakefield New York area president Ron LoRusso confirmed that Peretz, Andrew Sachs and Timothy Gibson had left the firm in a short statement. "The team resigned as of Wednesday," he stated.
Peretz in his nearly 10 years at Cushman & Wakefield has become one of the firm's top brokers and has specialized in lower Manhattan and midtown south markets, according to Crain's New York Business. Among Peretz's more lucrative leasing assignments include Trinity Real Estate, which owns millions of square feet in the Hudson Square section of Manhattan.
The team's exit follows the announcement in June that Cushman CEO Glenn Rufrano was stepping down. Carlo Sant'Albano, the former head of Cushman parent company EXOR, has taken over as interim CEO until a replacement for Rufrano—who started as Cushman's CEO in 2010—is found. See story in Crain's New York Business.
Also in June, C&W's New Jersey office lost its managing director, Gualberto “Gil” Medina.
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.
