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Eastdil Secured. They have the best investment sales team in NY. To be honest, they take the cake for every major market (NY, Boston, SF, and LA). I am referring to downtown CBD assets that are in the hundreds of millions of dollars in transaction value. Unsure for re positioning assets in NYC.
Eastdil, CBRE.
Thanks.
what about cushman & wakefield, are they respectable in nyc?
So so. Leasing is their strength.
Guys, companies =/= teams. "CBRE" doesn't count when asking who the best investment sales team is. Thats like asking who the best player is in the AL and replying "Red Sox"
Just because you work for CBRE doesn't mean you're on a good team, there are dozens of investment sales brokers at each of these companies and multiple brokerage teams.
I was talking to a friend who used to work at a debt shop that was started by [let's say his name is] Jay Steadman. At some point this platform was acquired by Wells Fargo. When I was telling my friend that Jay Steadman now works for [office manager at Wells Fargo], his response was, "Oh no, Jay Steadman doesn't work FOR anybody." It's a very different mentality, and it took me a while to absorb this concept.
You will hear a small team of just a couple brokers tell you straight-up, "JLL is not important to me." The team might stay together forever, but his office address and the logo on his business card could change numerous times.
Exactly, whole teams migrate to other brokerages. For example Mitch Konsker moved is whole team from CW to JLL a couple years back. Any office landlord knows the Mitch Konsker, Mitti Lieborsohn, and Stephen Seigle's of the world. On the Investment sales side the synonymous names in NYC real estate are: Doug Harmon, Woody Heller, Robert Knakal, Darcey Stacom, Drew Scandalios. It doesn't matter what firm these guys are with, their clients will follow them from shop to shop. They just need to make sure wherever they are going has the institutional tools their clients have come to expect.
To add to the whole "firm doesn't equal team thing"...yes it does...he asked for NYC. For example the whole IS team at C&W is run by two people (I know both of them) --- they do all types of properties...across the risk spectrum.
Leasing is much more team focused.
Okay I'll concede that there are different teams, but the two people I mentioned are "hands-on" every single deal that comes through and get the last word.
Like any large company there are always heads of departments but we get books for NYC stuff from different CW guys all the time.
Off topic, but I have a quick question for you guys. I work at one of the aforementioned firms, and currently thinking about lateraling. How is that perceived at associate level? Should I stick around until I foster more relationships? or is it common to see associates moving around, particularly in nyc? Thank you...
Lateraling to what? REPE or a developer? I know plenty of guys who have made the jump from Cap Markets/IS. Moving to a top shop will be hard --- especially REPE. You'll probably have to make an interim stop at a smaller shop first or snag a top MBA.
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