He may be at Cushman & Wakefield now, but Doug Harmon’s rivalry with CBRE’s Darcy Stacom is showing no signs of cooling off.
CBRE’s Marcella Fasulo has joined the new New York capital markets team at Cushman & Wakefield recently formed by Harmon and partner Adam Spies, a Cushman spokesperson confirmed. Fasulo served as senior vice president at CBRE under Stacom, who runs that brokerage’s investment sales operation with Bill Shanahan.
As the star brokers at Eastdil Secured , Spies and Harmon for years went head-to-head with Stacom and Shanahan to claim the top spot in New York City investment sales. The gap between Eastdil and CBRE in that category has increasingly widened, with the former brokering $22.7 billion in deals in 2016 and the latter handling $8.8 billion, according to an analysis by The Real Deal.
Harmon and Spies joined Cushman as chairmen of capital markets on Oct. 6, and subsequently brought their colleagues Adam Doneger, Kevin Donner and Joshua King along as senior managing directors. Fasulo is now a member of that six-person team, also as a senior managing director. Sources earlier this month told TRD that brokers at Cushman are being advised to bring Harmon and Spies on all investment sales deals $75 million and up, in exchange for a referral fee.
In a statement provided to TRD, Fasulo cited Cushman’s global reach as a key reason for her move.
In 2005, Fasulo joined CBRE as a business development analyst focusing on research. She left to become an associate broker at Savills in 2007, but ultimately returned to CBRE in 2009 as a broker and vice president on Stacom’s team. She specializes in sourcing foreign capital for New York investment deals. Fasulo is married to Dan Fasulo, senior vice president of real estate product at DMG Information and formerly Real Capital Analytics’ head of research.
Earlier this year, Fasulo and Stacom brokered French billionaire Marc Ladreit de Lacharrière’s $525 million purchase of Thor Equities’ office-and-retail building at 693 Fifth Avenue in Midtown.
A representative for CBRE declined to comment.