The Real Deal New York

Here are the top office I-sales brokerages in the US

CBRE took over top spot in NYC after 245 Park deal: report
July 26, 2017 09:50AM

From left: Roy March (credit: STUDIO SCRIVO) and Darcy Stacom

UPDATED, July 27, 1:25 p.m.: Eastdil Secured held on to the top spot as the country’s most active office investment sales brokerage in the first half of the year but saw its market share slide following the departure of top producers Doug Harmon and Adam Spies.

The brokerage sold $11.82 billion worth of office properties across the U.S. between January and July, according to Real Estate Alert, which translates to a market share of 27.9 percent, down from 45.5 percent a year earlier. CBRE took the second spot with $8.87 billion, followed by HFF with $7.99 billion.

CBRE was the top firm in New York City, brokering $2.98 billion in office deals and securing a market share of 45.9 percent. The $2.21 billion sale of 245 Park Avenue to HNA Group, brokered by CBRE’s Darcy Stacom and Bill Shanahan, accounts for the bulk of that number. HFF took the second spot with $1.62 billion in deals, followed by Eastdil with $652 million, Cushman & Wakefield with $345.5 million and Ackman-Ziff Real Estate with $217.5 million, according to Real Estate Alert.

As The Real Deal previously reported, Manhattan’s investment sales volume tumbled by 55 percent in the first half of the year as buyers grow increasingly cautious.

The commercial brokerage industry saw plenty of upheaval over the past year. In October, Spies and Harmon left Eastdil in a blockbuster move and in December JLL’s Richard Baxter, Yoron Cohen and Scott Latham left for Colliers International. Last month, Eric Anton jumped from HFF to Marcus & Millichap.  [REA] — Konrad Putzier

Correction: this article has been updated to reflect that the ranking includes office deals only.