Eastdil training vs other brokerages (CBRE, Newmark, etc) - Adam Spies/Doug Harmon

Question

Seeing their recent deals at Cushman & Wakefield got me thinking what the difference is between Eastidil (where they were before) and other big shops in terms of training. From what I understand the people who start at Eastdil (out of school) are from top schools and work IB hours their first few years.

Does anyone have any insight into what sets them apart besides that from working there or knowing someone that does?

Count_Chocula · Accepted Answer

I think a lot of folks underestimate how big of a pain in the dick running that back of the house stuff is, and weirdly some of the most high-profile brokers suck at running a team / company.  They are also doing a few deals with brokers in other cities (i.e. high-rise deals with Given in SoFla).  Cushman's platform isn't great, but they're getting paid well to make it better with limited downside; also, a lot of institutions won't do deals with brokers that aren't under a major flag (not saying that's wrong or right but just the way it is sometimes).

Anon1235 · Answer

Hey guys, may have an opportunity with one of these brokerage teams as an intern in the next 6 months in my second year of a masters program. This team is top few in a major market, they’re mostly doing deals in the South, Carolinas, Midwest for multi and not major markets like NYC/LA (still substantial deal flow of $4-5 billion+ a year). End goal is an owner/developer, how do they look on these deals in these tertiary and secondary markets but still deals up to $1 billion on a single transaction and they’ve closed many in the hundreds of millions per transaction.

logisdics · Answer

Stolly is such a fucking weapon, god that guy is cool. This post is so accurate though, but you'll still get shit on for not believing ES rules all. There are so many teams I'd choose over anything at ES, especially post buyout. NP carries as much cache as ES - that's facts.

ES is great, but hitters want to eat what they kill. Harmon/Spies bonus was absurd, but they're making significantly more now free of salary+bonus.

Your experience is going to be totally team driven, and really the associate - VP makeup.

NYYCRE · Answer

Sounds like he adapted their doushbagery.

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Eastdil training vs other brokerages (CBRE, Newmark, etc) - Adam Spies/Doug Harmon

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Eastdil training vs other brokerages (CBRE, Newmark, etc) - Adam Spies/Doug Harmon

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