NEW YORK--(BUSINESS WIRE)--
Cushman & Wakefield (NYSE: CWK) has recently been named the top
investment sales firm in New York by Real Estate Alert, the commercial
real estate industry publication that measures investment sales volume
and brokerage market share. The #1 ranking marked a significant increase
for the firm, up from #4 in 2016.
“Over the past two years, we have put a high priority on becoming the
leader in the Capital Markets business in New York,” said Carlo
Sant’Albano, Chief Executive, Global Capital Markets & Investor Services
of Cushman & Wakefield. “We’ve propelled our firm to a clear number one
position in the city through the first half of the year with more than
three times the market share of the next firm,” Sant’Albano added.
“This strategic focus and investment required us to change leadership of
this New York business in 2016 and reconfigure our approach to clients
and service delivery. Unfortunately, the business that was a good home
for some of our producers when we were #4, is unable to accommodate
those producers going forward. We wish them well,” said Sant’Albano.
Cushman & Wakefield’s New York Institutional Capital Markets team, now
led by Doug Harmon and Adam Spies, closed $4.5 billion of office sales
as of June 30, 2018, increasing the firm’s sales volume in New York City
by 67 percent since year-end 2017. Market share increased from 22
percent at year-end 2017 to 59.2 percent at the end of the first half of
2018. In addition, Cushman & Wakefield remains a committed leader in
middle market investment sales. Through the first half of 2018, the
firm’s New York “middle market” market share, 22 percent, is the highest
it’s been in five years, with a strong presence across all New York
boroughs.
Nationally, the firm’s market share for office sales nearly tripled to
more than 23 percent with $8.6 billion of sales through 1H 2018,
according to Real Estate Alert’s ranking. Across all property types, the
increase in market share ranks Cushman & Wakefield #3 nationally through
1H 2018, up from #5 in 2017.
Outside the U.S., Cushman & Wakefield’s Capital Markets business has
also been very active this year. In Q1, the firm represented the seller
of a multi-billion USD retail portfolio in Hong Kong. In July, Cushman &
Wakefield announced the acquisition of Inc RE, a leading investment
sales team in Sydney, Australia.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services
firm that delivers exceptional value by putting ideas into action for
real estate occupiers and owners. Cushman & Wakefield is among the
largest real estate services firms with 48,000 employees in
approximately 400 offices and 70 countries. In 2017, the firm had
revenue of $6.9 billion across core services of property, facilities and
project management, leasing, capital markets, valuation and other
services. To learn more, visit www.cushmanwakefield.com
or follow @CushWake
on Twitter.
Source: Cushman & Wakefield
View source version on businesswire.com:
https://www.businesswire.com/news/home/20180910005899/en/
Cushman & Wakefield
Michael Boonshoft
+1 212 841
7505
michael.boonshoft@cushwake.com
Source: Cushman & Wakefield