NEW YORK CITY—Top Cushman & Wakefield investment sales broker Helen Hwang has left the firm and joined Meridian Capital Group's new investment sales division, GlobeSt.com has confirmed.
In an email obtained by the Real Deal, Hwang reveals that she accepted an offer to serve as senior executive managing director at Meridian investment sales, specializing in “institutional clients and large-cap transactions.”
“Meridian's dominance in the capital markets arena, including its No. 1 ranking in NYC debt placement, its commitment to excellence, and its unwavering emphasis on client service, make it a natural fit for me and my team,” she continues.
Hwang departs Cushman after 16 years—most recently as an EVP—in the wake of the firm's acquisition of Massey Knakal late last year. Cushman adopted Massey's territory system for NYC investment sales, which may have meant it was time for Cushman's old investment sales guard to move on. The move occurs less than a month after Nat Rockett, co-head of Cushman's New York investment team, left for Marcus & Millichap.
Along with Bob Knakal and Clint Olsen, Hwang marketed World Wide Group's Upper East Side development site that Kuafu Properties is now in contract to buy for about $300 million. She was also a broker on Jared Kushner's $296 million purchase of a Times Square retail condo in May.
Meridian's new investment sales division was launched in April by Ralph Herzka at Meridian, one of the city's biggest large-loan brokerages. He kicked it off by poaching David Schechtman, Lipa Lieberman and Abie Kassin from Eastern Consolidated. Former Goldman Sachs investment banker Yoni Goodman is president of the division and helps run the office, a satellite space at 800 Third Avenue in Midtown.
Meridian and Hwang were not available for comment at press time. Cushman & Wakefield declined to comment.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
