Three Cushman power brokers move to Grubb & Ellis

TRD NEW YORK /
Sep.September 09, 2009 05:04 PM

Three middle-market sales pros from the capital markets group of full-service commercial firm Cushman & Wakefield have moved to the New York office of brokerage Grubb & Ellis.

The brokers, Charles Kingsley, Jon Epstein and sales agent Yoav Oelsner, began Monday, a source familiar with the move said. They were three of eight “power brokers” named by the New York Observer in October 2008

The team, which focused on buildings under $100 million for Cushman & Wakefield, was making deals despite the down market and had been courted by more firms in addition to Grubb & Ellis, the source said. The team brokered the sale of the Booth House, at 318 East 15th Street, for $56 million, the Post reported in 2008.

The group was at Eastern Consolidated before joining Cushman & Wakefield several years ago.

“Our investment sales capabilities are strong because of institutional quality expertise and execution within the
middle-market size range — properties trading at under $100 million. Jon, Charles and Yoav will play a huge role in taking our business to the next level,” said David Arena, CEO of Grubb & Ellis.

The Cushman & Wakefield capital markets group is now composed of 13 brokers, down from 16.

“By coming to Grubb & Ellis, we are joining an expanding platform
that will allow us to better serve our clients. We can focus on
institutional properties as well as private capital transactions going
forward,” said Epstein, now an executive vice president.

Neither Kingsley nor Oelsner responded to requests for comment.

Frank Liantonio, executive vice president and head of Cushman & Wakefield’s capital markets group in the U.S., said of the trio’s departure: “These are terrific professionals who will be missed and we wish them well.”


Related Articles

arrow_forward_ios
Time Out Market at 916 West Fulton Market and Revival Food Hall at 125 S. Clark Street 

Does Chicago still have an appetite for food halls?

Savills vice chairman Peter Hennessy

Peter Hennessy heading to Savills

Cushman & Wakefield CEO Brett White and the Oculus (Credit: Cushman & Wakefield and Unsplash)

Cushman’s management contract at Oculus extended despite woes

The Coca-Cola building at 711 5th Avenue (Credit: Google Maps and iStock)

Flipped off: The inside story of Coca-Cola’s botched building sale

Bruce Mosler and Simon Ziff

Simon Ziff and Bruce Mosler join lineup at Future City 2020

151-45 6th Road and Stephen Preuss

Massive, controversial Queens site back on market

The Coca-Cola building at 711 5th Avenue (Credit: Google Maps and iStock)

Flipped off: The inside story of Coca-Cola’s botched building sale

Vineyard Vines HQ sold in Stamford, Avon inks Rye deal & more Westchester and Fairfield real estate news

Vineyard Vines HQ sold in Stamford, Avon inks Rye deal & more Westchester and Fairfield real estate news

arrow_forward_ios
Loading...