Paul Massey Leaves Cushman & Wakefield
Massey joined Cushman & Wakefield as president, New York investment sales, when it acquired the firm he co-founded in December 2014 for $100 million.
NEW YORK CITY—Paul J. Massey Jr. has left his position at Cushman & Wakefield as reported by the Commercial Observer. The paper states he informed John Santora, president of the tristate region that he was leaving and has set up a new office at 275 Madison Ave., where former Massey Knakal brokers recently left to join Cushman & Wakefield at 1290 Sixth Ave.
A Cushman & Wakefield spokesperson tells GlobeSt.com that the company would not confirm nor comment on Massey’s leaving.
Cushman & Wakefield acquired Massey Knakal Realty Services in December 2014 for $100 million, and hired the brokerage company’s co-founders. Robert Knakal became chairman, New York investment sales and Paul Massey became president, New York investment sales.
In 2016, Massey launched a campaign to run as the Republican candidate for mayor of New York, challenging Bill de Blasio. He ended his bid in June 2017. At the time he did not rule out the possibility for running again in the future. The Commercial Observer also reported he cannot open a new brokerage shop until his non-compete and no-solicitation deal expire on June 30. Massey could not be reached by the time of the filing of this article.
This development follows other recent executive departures. Cushman & Wakefield fired executive vice chairman Peter Hennessy last month. In February, James Nelson left his position as vice chair at Cushman & Wakefield to join Avison Young as principal and head of New York metro area investment sales.