The Real Deal New York

America’s top 10 retail brokerages battle for share of billions in deals

Cushman and Newmark lead the pack in leasing; CBRE and Eastdil top the charts in sales

May 26, 2016 08:32AM
By Francisco Alvarado | Data compiled by Eda Kouch

Gene-Spiegelman

Gene Spiegelman: Cushman has won lease as a result of the merger.

From the special retail issue: Business is booming and competition is at a fever pitch for top retail real estate brokerages as vacancies hit record lows and rents continue to rise while consumer spending has ticked up nearly 18 percent above the previous peak. This dynamic has led to a flurry of activity for brokers as they handle acquisitions for owners eager to cash out of their investments and manage leasing for those who want to remain in the game.

“The markets are healthy with stable fundamentals, so there’s transaction activity,” said Frank Cohen, senior managing director for Manhattan-based investment firm the Blackstone Group. “In a healthy real estate market it is very important to have intermediaries that put the buyers and sellers together.” [more]

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