One of CBRE's stars in the New York City market, Darcy Stacom, is leaving the firm to establish her own boutique advisory called Stacom CRE, according to a report in the Financial Times.
A 22-year industry veteran, Stacom has been dubbed the Queen of the Skyscrapers for her record-breaking sales of Manhattan towers, the publication said.
"Commercial real estate in New York and globally is in transition, and that provides a great opportunity for a new, nimble boutique advisory firm in this space," Stacom told the FT, adding that many properties would need "restructuring, repositioning and rethinking".
Her longtime partner, William Shanahan, will remain at CBRE.
Stacom began her career in Cushman & Wakefield's mailroom, where her father was a leading broker. In 2002 she jumped to CBRE, where she quickly climbed the ladder to become the Queen of Skyscrapers due to her record-breaking transactions. These include the $5.4 billion dollar sale of Peter Cooper Village and Stuyvesant Town (the largest single asset real estate transaction in history), the $2.8 billion dollar sale of the GM Building (the largest single office building sale in history), the $2.6 billion dollar sale of 11 Madison Avenue (the largest office asset sale in Midtown South), and the $1.3 billion dollar sale of 30 Rockefeller Plaza (the largest office condominium sale in history).
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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.
