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 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 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