Capital Markets Intermediary Rankings

Just wanted to float this out there based off my research, MBA rankings, and conversations with RE finance industry professionals. Want to hear any feedback

Tier 1 A+

Eastdil Secured

Tier 1 A

HFF/JLL Wells Fargo CBRE Capital Markets JP Morgan Meridian Capital

Tier 1 B

BAML Newmark Knight Frank Walker & Dunlop Cushman & Wakefield Deutsche Bank Berkadia KeyBank Citigroup

Tier 2

NorthMarq RED capital

Tier 3

Marcus & Millichap Colliers

23 Comments
 

Agree with posters below. Lets not use this to jerk ourselves off. It’s very market/team dependent, but we can all agree Marcus & Millichap is at the bottom.

 
Most Helpful

How about we not arbitrarily rank things just to have something to jerk off to

This isn't the IB forum.

Commercial Real Estate Developer
 

Pathetic seeing the RE forum slowly turn into the narcissistic IB forum

 

@Ralph_Lauren4122" is right, in CRE it very much depends upon the team.

On your list of intermediaries, like half of them are just CMBS intermediaries. Eastdil just does large transactions. Some of these do mostly middle market transactions, and some do both. A handful do the full gamut, Life, GSE, CMBS, Bank, Equity, etc. The list is a pointless grouping of apples and oranges.

Also, you left off some, like Grandbridge, and most big metros have at least one boutique outfit that does a great job...though those are slowly getting eaten up by brands.

 

Ah yes the moment I have been waiting for......Our high quality CRE forum turning in to the cesspool that is the IB forum. Can't say I am surprised. When the following posts started happening I knew it would only be a matter of time:

"I'm a senior in HS how do I make it to CRE"?

"Non-Target- Do I have a shot at CRE"?

IB-Prospect- So tell me all about CRE?

OP- It has been said a million times. Rankings are inaccurate because it is mostly market specific. Yes most of your CBRE/ JLL / Eastdil offices are quality and do big deals, however there are markets where a firm you have ranked as a Tier 2 might outperform a CBRE/JLL/Eastdil in a certain product type.

Cautionary Warning from anyone that may be an IB/HF/Trading/ER prospect thinking they will just switch to CRE their senior year and go to Eastdil and make bank instead- Good luck. While CRE may be easier to break in to from the aforementioned industries it is still not a cakewalk. There is a misnomer on this site that CRE is easy to break in to. While this may have been the case 5-10 years ago it just isn't the case anymore (It is still easier to break in to, and less based on pedigree as above industries). For every analyst job there are hundreds and hundreds of applications. Not to mention these kids have had CRE internships since their sophomore year.

It probably sounds like I am gate-keeping but whatever. It is tiring seeing posts of people that decide IB/HF/Trading/ ER isn't for them think they are going to waltz in to a analyst job at Eastdil Secured NY because WSO told them CRE is more about hustle.

OP- I am sure you are probably an undergrad trying to figure things out. We are here to help. In fact I would say the CRE forum is probably the most helpful on this site. I recommend CRE to anyone that will listen. Next time maybe try to frame your question like:

NY Debt and structured finance? Which are the top teams? Office investment sales in Boston- Newmark or CBRE? ETC.

Also all of the above wasn't directly aimed at you, but more so a rant of things I have seen lately. If you have any questions I am happy to help.

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