The firm plans to continue staffing up on the mortgage brokerage side, Nicoletti reveals. “We will further grow the mortgage group over the next few years. We now have 10 partners, including the five new hires. We'd love to have 22-25 debt producers from a pure mortgage perspective in our office.

Appel and Herzog served as managing directors and were directly involved in $3 billion and $2 billion in transactions, respectively. The two co-led a finance team that included Kurland, who served as a SVP and Schwartz and Diaz as VP. Their focus is primarily on financings for office, retail and multifamily properties as well as development projects.

Nicoletti—to whom the new finance professionals will report—contends that the addition of these five will make JLL the only institutional mortgage brokerage firm to serve all components of the New York City market.

“Aaron and his colleagues hold an impressive financing track record within New York's middle and institutional markets—segments of the market that complements JLL's current sales endeavors and adds a wider range of services to our current mortgage brokerage practice,” he says.

“In particular, their skills in raising equity and working with both investors and lenders to structure creative financing options will expand our New York-based capital markets business.”