JLL’s Baxter, Cohen and Latham leave for Colliers

Team led JLL to $2.9B in investment sales in 2015

Dec.December 05, 2016 08:16 AM

UPDATED, Dec. 5, 12:56 p.m.: JLL’s leading investment sales brokerage team of Richard Baxter, Yoron Cohen and Scott Latham is jumping ship to Colliers International, the firm announced Monday.

The move comes two months after Eastdil Secured’s Doug Harmon and Adam Spies, the city’s top brokers by deal volume, left for Cushman & Wakefield.

Colliers TRData LogoTINY has an entrepreneurial culture, an exceptional track record of creating value for clients and a global platform that is second to none,” Latham said in a statement.

Baxter, Cohen, Latham and Jon Caplan joined JLL from Cushman in 2010. Cushman never fully recovered from the loss, and since 2014, has made moves such as the acquisition of Massey Knakal and the hiring of Doug Harmon and Adam Spies to regain market share.

Caplan is planning to leave JLL to pursue other opportunities, possibly as a real estate investor, sources told The Real Deal.

In 2016, the team had a hand in several high-profile deals, including the $1.4 billion sale of the Sony Building to Olayan Group (where Cohen represented the buyer).

In The Real Deal’s latest ranking of investment sales brokerages, JLL ranked fifth with $2.9 billion in deals closed in 2015. Colliers ranked 19th with $527 million in deals. In 2014, JLL had ranked fourth with $2.2 billion in deals.

Colliers has also been ramping up its retail leasing business, bringing on Cushman & Wakefield’s Bradley Mendelson and David A. Green. — Konrad Putzier and Mark Maurer

Related Articles

JLL President and CEO Christian Ulbrich & JLL Global Chief Financial Officer Stephanie Plaines (Credit: iStock, JLL)

JLL still riding revenue wave after HFF acquisition

Glenn Tolchin and Yoav Oelsner (Credit: Jll; Getty Images)

Former JLL brokers launch boutique sales firm

AKS Capital Partners Managing Partners Aaron Appel and Walker & Dunlop CEO Willy Walker

Walker & Dunlop acquires Aaron Appel’s AKS Capital Partners

Clockwise from left: 168-170 Wythe Avenue, 115 North 6th Street and 129-133 Kent Avenue with L3 Capital's Domenic Lanni (Credit: Google Maps)

L3’s Williamsburg retail properties snag $91M refi

Warner Media CEO John Stankey, Google CEO Sundar Pichai and Facebook CEO mark zuckerberg (Credit: Getty Images, iStock)

Triple-digit office rents, once a rarity, are now a major piece of Manhattan deals

Jason Lund (Credit: Colliers, iStock)

Laid off WeWork exec Jason Lund lands at Colliers

Donald Trump and the Trump Hotel in Washington D.C. (Credit: Getty Images)

Deadline is set for bids on Trump’s DC hotel

LCOR’s Anthony Tortora and the parking lot at 1517 Surf Avenue (Credit: Google Maps and LCOR)

California teachers get in on Coney Island’s redevelopment