Douglas Harmon and Adam Spies, most recently Chairmen of Capital Markets for Cushman & Wakefield, as well as members of their team, have joined Newmark Group. It is unclear how many team members have moved with Harmon and Spies and an email was not immediately returned in time for deadline.
Harmon and Spies, who have been partners for over 20 years, will serve as Co-Heads of US Capital Markets for Newmark's Capital Markets group.
The duo will serve alongside Newmark's current Co-Heads of US Capital Markets, Kevin Shannon and Robert Griffin, reporting directly to CEO Barry Gosin.
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Harmon, Spies and their team closed nearly $5.7 billion in transactions for 2022, including the $487.5 million sale of multifamily asset 19 Dutch Street and the $850 million sale of the American Copper Buildings. Harmon and Spies advised the sale of some of the largest office, multifamily and industrial transactions in New York City in the last five years—1 Manhattan West at $2.85 billion, Spring Creek Towers at $1.84 billion and 640 Columbia Street at $330 million, respectively—as well as the $2.4 billion sale of Chelsea Market, one of the largest multi-use building sales in New York City history.
With a career trajectory spanning almost four decades, Harmon has completed transactions totaling over $250 billion in value since 1997. He is also the current record holder for several of the highest dollar-per-square-foot sales ever achieved across multiple asset classes. Spies, also a prolific dealmaker, joined Eastdil Secured in 1999, where he became a leading player in the New York investment sales market alongside Harmon. Spies and Harmon grew into the firm's top rainmakers before moving to Cushman & Wakefield, where they served for the last six years as Chairmen of Capital Markets.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
