WOJ BOMB SPIES AND HARMON OUT AT CUSHMAN
SPIES AND HARMON MOVING TO NEWMARK PER WSJ
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https://www.wsj.com/articles/top-cushman-wakefield-commercial-brokerage…
Thanks Doug
Big woj bomb. NEWMARK is taking over
Stolly / Jordy & Harmon / Spies is the CRE equivalent of Lebron and Jordan teaming up. Egos just as big too.
Damn, not sure what Cushman does now. Maybe they acquire HWE?
Not sure how Spies/Harmon/Stolly/Jordy works. Spies worked on every high profile transaction in some fashion at C&W even if it wasn’t IS.
this easily makes Newmark #2 in NYC, directly able to compete with JLL, which is why they made the offer/jump imo
JLL has more producers, but Harmon & Spies and Stolly & Jordy are the top sales and top debt / equity teams in the country. They will win the majority of institutional business in the city.
How much do y’all think Newmark paid them to jump? 70m?
85MM
I heard less than what C&W gave them originally. I'd guess 15M each.
Another martini, Paul?
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