NEW YORK, May 4, 2017 – Cushman & Wakefield is pleased to announce its #1 ranking for the sixteenth consecutive year on CoStar’s list of Top Brokerage Firms for NYC Commercial Property Sales. According to CoStar data, in 2016, Cushman & Wakefield handled 282 transactions totaling over $5,875,177,689.
“Being number one is a testament to the hardest working investment sales professionals in the business,” said John Santora, Vice Chairman, President, Tri-State Region. “As we know, New York is the biggest and most important market around the world. With the additions last year of Doug Harmon and Adam Spies, recognized leaders in the New York institutional business, who together have a track record of more than 50 years of impressive real estate experience, we are well-positioned to drive future growth and gain more market share.”
“Our investment sales professionals continue to work together to ensure that Cushman & Wakefield stays at the top of an evolving marketplace,” said James Nelson, Vice Chairman, Capital Markets Group and 2016’s number one producer for Capital Markets in the Americas. “Earning the number one position for the 16th consecutive year is proof that our best-in-class team provides extraordinary service to our clients every single day.”
Several notable transactions completed by Cushman & Wakefield in 2016 include:
- $345 million sale of 85-87 Jay Street, a development site enclosed by Front Street, Bridge Street, York Street, and Jay Street in DUMBO, Brooklyn
- $340 million sale of the Watchtower portfolio, a 4-building conversion site at 25-30 Columbia Heights in Brooklyn Heights, Brooklyn
- $310 million sale of a portfolio of two multifamily properties at 250 East 63rd Street and 1345 First Avenue in the Upper East Side
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.