Cushman & Wakefield’s Mirante Named To Board Of Governors Of The Metropolitan Club
15 Jun, 2006, New York, NY
Cushman & Wakefield’s President of Global Client Development, Arthur J. Mirante II has been named to the Board of Governors of the Metropolitan Club, the world renowned club on 60th Street and Fifth Avenue in Midtown Manhattan.
Mr. Mirante has enjoyed a long and highly successful career at Cushman & Wakefield, having served as President and CEO of the firm for 20 years before taking over responsibility for global business development.
The Metropolitan Club is an historic franchise that was founded by a group of civic and business leaders in 1891. Its first president was J. Pierpont Morgan. Working swiftly, only a month later the membership had been secured and the financing of a great clubhouse was in place. The land where the clubhouse stands, at what is today One East 60th St., was acquired from the Duchess of Marlborough who signed the purchase agreement in the U.S. Consulate in London. Cornelius Vanderbilt, who represented the Metropolitan’s Governors, signed for the Board.
Over the years, the Metropolitan Club has had as honorary guests a host of many famous figures in the worlds of politics, the military and the business world, including Presidents Herbert Hoover and Dwight D. Eisenhower, Sir Winston Churchill and Gen. Douglas MacArthur.
The building itself is one of the most perfect examples of Italian Renaissance architecture in America, and is reminiscent of an Italian palazzo of the style in Rome during the 16th Century.
Mr. Mirante assumed the position of President, Global Client Development in January 2005. In his role he will focus exclusively on working with the firm’s clients, expanding existing relationships and providing unparalleled and distinctive service.
Throughout his distinguished career, Mr. Mirante has actively participated in some of the firm’s largest and most complex transactions, like the sale of the World Trade Center, the headquarters relocations of MasterCard International and The Guardian Life Insurance Company, and a major asset disposition of more than $1 billion in 2002, and the record $1.72 billion sale of 200 Park Avenue for Metropolitan Life. He has also helped manage some of the firm’s most prolific and prestigious global accounts.
Mr. Mirante was named CEO in 1984 and guided the dramatic transformation of the 88-year old firm from a regional brokerage company into a global multi-service real estate firm with 11,000 employees in 58 countries. As a result of his efforts, Cushman & Wakefield either dominates or is a market leader in all of its businesses.
During his tenure as CEO, Cushman & Wakefield’s revenues increased from $100 million to $1 billion and the firm expanded from 60 U.S. offices to 173 offices (today 192), including 100 outside the country; the firm expanded its capabilities into Advisory and Client Solutions, diversified its financial services expertise to include the multi-family sector, and has enhanced support for and grown its national retail and industrial real estate market share.
Mr. Mirante completed two separate mergers that helped transform the company: the merger in 1998 with the prestigious partnership of Healey & Baker, which today comprises the firm’s European Operations, and in 2001, the merger with the powerhouse tenant representative firm Cushman Realty Corporation.
Mr. Mirante is a graduate of the College of the Holy Cross (B.S., Sociology, 1965) and St. John’s University Law School (J.D., 1968). He also holds an honorary degree, Doctor of Human Letters, from St. John’s University, and is a member of the University’s Board of Trustees.
###Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133.