Cushman & Wakefield Bolsters Powerful Investment Sales Division
26 Jun, 2006, New York, NY
In a move to enhance its powerful Investment Sales Division in the U.S., Cushman & Wakefield announced the promotion of two executives and the successful recruitment of a third.
The firm announced today that Stephen Jones, a longtime veteran of the firm, has been named head of the U.S. Investment Sales Division, a unit of the firm’s Capital Markets Group. It also announced that Keith Misner has been named co-head of the division and that Mark Hillis has joined the division’s management team from Morgan Stanley Real Estate as a senior managing director.
Mr. Jones, who is based in New York and San Francisco, is an executive managing director in the Capital Markets Group. The Investment Sales Division consists of 125 investment professionals located in 25 Cushman & Wakefield offices in the U.S., and has annual sales and finance transactions exceeding $25 billion in the U.S.
Over the last 15 years, Mr. Jones has been responsible for the firm’s institutional relationships, as well as record breaking transactions involving the industry’s most prominent institutional investors. He originated and managed the $1.75 billion, 16-property sale for Metropolitan Life in 2002; and in 2005 he directed the sale of the MetLife Building at 200 Park Avenue in Manhattan, the single largest office building sale of all time, for $1.72 billion.
Keith Misner has been named co-head of the division. Mr. Misner, who is based in Washington, D.C., is an executive managing director in the Capital Markets Group. He has been responsible for the firm’s national apartment brokerage operations for the past three years. During that period, Cushman & Wakefield and its Apartment Brokerage Services group has grown from infancy into a $6 billion-plus business, with 42 apartment brokers and major national clients.
Mark Hillis has joined Cushman & Wakefield from Morgan Stanley Real Estate as senior managing director in the Capital Markets Group. In his new position, he will be based in Atlanta. At Morgan Stanley, he was an executive director and was involved with $10 billion in sales in the last eight years.
Cushman & Wakefield’s Capital Markets Group provides advisory, transaction and investment management services to clients engaged in buying, selling, investing in, or financing real estate. These services are provided to private and institutional owners and investors as well as to corporate owners and occupiers.
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.