Giving up dealmaking isn’t easy to do

April 23, 2012 04:00PM

Barry Gosin, CEO of newly created Newmark Grubb Knight Frank, has had an exciting year — his company arranged the massive lease at 1 New York Plaza for Morgan Stanley, and he oversaw the integration of Grubb & Ellis and Newmark Knight Frank — but he will now shift into an almost purely executive role, the Wall Street Journal reported.

The shift is one that the broker is not necessarily excited about. “It’s sort of in my blood,” Gosin told the Journal. But he will continue to serve certain clients. “I will always be there for my long-term clients.”

Gosin said he will not be merely a mangager, describing his new role to the Journal as dealing with “long-range planning, recruiting top-producing brokers and targeting new acquisitions.”

And it is worth it to give up the excitement of day-to-day dealmaking, Gosin said. “This is the opportunity I’ve been waiting for my entire career.” [WSJ]