Canadian firms push into NYC brokerage market

TRD New York /
Jan.January 11, 2012 11:00 AM

Two Canadian firms are trying to make their mark in the New York City commercial brokerage business, the Wall Street Journal reported, and are giving top brokers significant financial incentives to join their teams.

Investment bank Brookfield Financial, which is owned by Toronto-based Brookfield Asset Management, recently hired Eric Anton and Ronald Solarz, two high-profile brokers from Eastern Consolidated, to launch their New York City team, while Avison Young, a Canadian brokerage firm, hired Gregory Kraut, a CBRE Group alumnus, as a principal.

Anton and Solarz reportedly received seven-figure signing bonuses when they first joined Brookfield, while Avison’s principals get equity in the firm, which currently has no debt and is flush with cash, according to the Journal.

Mark Rose, CEO of Avison Young, defended his firm’s ability to attract talent.

Competitors “have a vested interest to explain the movement away with signing bonuses. It is just not true for us,” he said. [WSJ]


Related Articles

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

WeWork’s side businesses are fizzling

The Daily Digest - Tuesday

WeWork bonds hit low, new LLC legislation went farther than intended: Daily digest

WeWork's co-CEO Sebastian Gunningham speaks at the launch of Dock 72

What, We Worry? Execs remain confident in WeWork-anchored Brooklyn project

An example of roll-off waste management (Credit: YouTube, iStock)

Big building owners prevent city from dumping container-pickup in trash-collection reform

Alexandria Ocasio-Cortez, Bernie Sanders and Elizabeth Warren

By the numbers: Breaking down national housing agendas from the far left

Robert Shapiro gets 25 years in prison for massive Ponzi scheme