The Real Deal New York

Colliers poaches two more Cushman brokers for growing retail outfit

Michael Stone and David Tricarico will operate their own team
April 17, 2017 01:30PM

From left: David Tricarico, Joe Harbert and Michael Stone

Colliers International continued its poaching streak by hiring two Cushman & Wakefield brokers for its growing retail team.

Senior directors Michael Stone and David Tricarico jumped ship to Colliers last week, the Commercial Observer reported.

They join former Cushman retail dealmakers Brad Mendelson and David Green, who joined the firm last year. Stone and Tricarico will not work on the Mendelson/Green team, but continue to operate their own team.

The two brokers began negotiating a few months back with Harbert, whom Stone had worked with at Cushman. The retail team now consists of eight brokers.

“We think we are taking advantage of a good opportunity,” Stone said. “We came on board at Cushman when there was a small retail group there similar to this. We spent a lot of time there and we see nothing but blue sky and tailwinds to build a larger retail group here and we are intrigued by the strategic hires that they have made recently.”

The two brokers, who had worked at Cushman for a dozen years, bought 25-year-old associate Jedd Horn with them.

Tricarico recently represented Ben Shaoul’s Magnum Real Estate and CIM Group in a 68,400-square-foot lease with Marshalls department store at 140 West Street. He and Stone represented Thor Equities in a 34,139-square-foot lease with the 9/11 Tribute Center in 2016.

Colliers last year poached the JLL investment-sales team of Richard Baxter, Yoron Cohen and Scott Latham as the company makes an aggressive push to compete with the top brokerages in the city. [CO] – Rich Bockmann