Putnam and Cole Join Southern California Capital Markets Group
14 Feb, 2007, Los Angeles, CA
Leading Investment Sales Professionals to Strengthen Newly Formed Group
In a move to expand its investment sales platform, Cushman & Wakefield’s Southern California Capital Markets Group announced today that Jeffrey W. Cole and Richard B. Putnam have joined four of the firm’s leading U.S. Investment Sales professionals - Marc Renard, David Hasbrouck, Richard Plummer and Steve Algermissen – to become part of the six-partner core investment transaction team. They have been named Executive Directors. Based in the firm’s Orange County office, Putnam and Cole will focus on Southern California and West Coast markets executing office and industrial transactions for both institutional and private clients.
Cushman & Wakefield’s recently formed Southern California Capital Markets Group will draw on the collective expertise of the firm’s leading U.S. Investment Sales professionals. The strategy is to consolidate superior resources and experience within a single group to provide clients with seamless access to the best investment expertise the company has to offer across all property types and markets. Having completed more than $1 billion worth of transactions in 2006, Putnam and Cole will further strengthen this elite group.
“The addition of Jeff and Rick is very exciting for our firm, given their excellent reputation and tremendous successes,” says Joseph Vargas, executive managing director and Southern California regional manager for Cushman & Wakefield. “Cushman & Wakefield is a powerful brand that attracts some of the best talent in the industry, allowing our clients to enjoy the highest level of service in the commercial real estate industry.”
“Cushman & Wakefield’s excellent global reputation, tremendous expertise in the local markets and its commitment to Capital Markets strategic growth provides our team with a superior platform from which to offer clients the full range of investment services,” said Putnam.
"In today's increasingly complex and fast-paced business environment, investment sales brokerage teams must be able to provide a comprehensive platform that draws upon many areas of expertise in order to most effectively and efficiently add value for clients,” says Marc Renard, managing director of the group. “Rick and Jeff have been a leading institutional investment team in the Southern California market for many years. Their expertise will be an invaluable addition to our group and a tremendous resource for our clients.”
Mr. Cole has more than 25 years of commercial real estate experience. Prior to joining Cushman & Wakefield, he was with Trammell Crow Company as executive vice president and principal of the firm’s Capital Markets Group. Over the course of his career, he has represented more than 325 million square feet of commercial, office and industrial space and has executed more than 150 sales transactions for a total consideration in excess of $3 billion. A top institutional office sales and leasing specialist in Southern California, he has directed the successful marketing and investment campaigns for large office and industrial projects for clients such as AEW, ING Clarion, Metropolitan Life Insurance Company, RREEF, MONY, INVESCO, American Realty Advisors and The Irvine Company. Prior to Trammell Crow, Mr. Cole spent five years with Coldwell Banker as a consultant in the Los Angeles South Bay office specializing in office sales and leasing.
Mr. Putnam has more than 19 years of experience in commercial real estate. Prior to joining Cushman & Wakefield, he served as executive vice president and principal with Trammell Crow Company, which he had joined in 1988. In 1995, he founded Trammell’s SoCal Capital Markets Group, and has since executed more than $3 billion worth of investment property sales in Southern California and along the West Coast. Recognized throughout Southern California as a leading marketer of institutional office and industrial property, he has established broad range of clients which include such notable firms as AEW, ING Clarion Partners, DRA, INVESCO, GE, ProLogis and RREEF. Prior to joining Trammell Crow Company, Mr. Putnam served as assistant vice president at J.P. Morgan & Company in New York, where he was responsible for the pricing and sale of corporate loans in the short-term money markets.
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.
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Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 195 offices in 55 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 1-213-955-5100, or visit the firm’s Web site at www.cushmanwakefield.com.
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