Cushman & Wakefield Forms Elite Investment Sales Group Focused On Southern California
8 Feb, 2007, Los Angeles, CA
Four of the firm’s top U.S. Investment Sales professionals unite to leverage collective expertise
Cushman & Wakefield announced today that it has formed a Southern California Capital Markets Group, drawing on the collective expertise of four of the firm’s leading U.S. Investment Sales professionals. The strategy is intended to consolidate superior resources within a single group in order to provide clients with seamless access to the best investment expertise the company has to offer across all property types.
Marc Renard, a 24-year veteran of the firm, has been named Managing Director of the 22-person professional group. The three other senior members of the team include David Hasbrouck, executive vice president; Richard Plummer, executive director; and Steve Algermissen, senior director. Each professional is recognized throughout the industry as a leader in the marketing and sale of commercial property. Collectively, they have completed more than $20 billion in sales.
“We’re extremely proud of the team of investment professionals we’ve assembled in Southern California and the new leadership role for Marc Renard,” said Tony Marano, Cushman & Wakefield’s chief executive officer for the Americas. “The end result of their shared expertise and resources will be the delivery of exceptional service to existing and potential clients on an ongoing basis.”
Frank Liantonio, executive vice president of Cushman & Wakefield’s Global Capital Markets Group and head of U.S. Transaction Services, said the move is in line with the firm’s overall approach in major markets across the nation.
“The idea is to put the absolute best team on each assignment,” Mr. Liantonio said. “There is no doubt this team of professionals represent some of the best talent and veteran expertise Cushman & Wakefield has to offer anywhere in the world.”
In 2006, Cushman & Wakefield’s U.S. Investment Sales professionals completed transactions valued at more than $26 billion. The firm is a recognized national and global leader in the sale of office, industrial, retail and multi-family properties, with a significant presence in all of the world’s major business districts.
Mr. Renard who is recognized as one of the leading investment sales brokers in the country will be responsible along with his partners for the strategic direction of the firm’s investment sales activity in Southern California... He has sold in excess of 300 properties throughout the United States since joining the firm in 1983 including some of the highest profile transactions in the country. He has been recognized as Cushman & Wakefield’s Top Investment Sales Broker in the Western Region or in California nine of the last 11 years. He covers a geographically diverse area, which encompasses all the major markets on the West Coast. Over the past 18 months, he has marketed properties in California, Arizona, Utah, New Mexico, Colorado, Washington, Oregon, and Nevada.
Mr. Hasbrouck is also one of the nation’s leading investment property experts. He has nearly 30 years of experience specializing in the analysis, disposition and acquisition of individual and portfolio properties for institutional investors, developers and corporate users. He has been recognized as Cushman & Wakefield’s Top Investment Sales Broker for the Western Region on eight occasions, is a two-time recipient of the firm’s National Deal of the Year Award and has been on the firms’ Board of Directors since 2000. Over the past 5 years, he has completed a total of nearly $3.5 billion of institutional investment property sales including nine trophy office towers, 44 industrial projects and 20 major land sites.
Mr. Plummer is one of the national leaders managing the sale of trophy office buildings. His level of activity, combined with more than two-decades of expertise in one of the nation’s most desirable office markets, has enabled him to provide direct real-time access to the most active national and international investors for institutional properties. In the past 36 months he has sold 25 major properties with an asset value of over $2.1 billion.
Mr. Algermissen has more than two decades of experience specializing in the sale of retail and commercial properties in the Southern California area. Since joining Cushman & Wakefield in 1991, his primary focus has been in the sale of major retail assets and suburban office properties. Throughout his career he has sold more than 40 retail properties totaling 6.9 million square feet and valued in excess of $1.1 billion and 75 office buildings totaling over 10 million square feet with a value in excess of $1.4 billion.
* * *
Cushman & Wakefield is the world’s preeminent commercial real estate services firm. Founded in 1917, the firm has 197 offices in 55 countries, and more than 11,000 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. The firm also provides valuation advice, strategic planning and research, portfolio analysis, site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, visit www.cushmanwakefield.com.
* * *