Eastern Consolidated’s Mark Schnurman to head sales at Eastern Union

He’ll be managing roughly 150 people

TRD New York /
Oct.October 04, 2018 10:15 AM

Mark Schnurman and Eastern Union’s offices at 3839 Flatlands Avenue in Brooklyn (Credit: Google Maps)

After the July shutdown of Eastern Consolidated, Mark Schnurman has landed at commercial mortgage brokerage Eastern Union.

Schnurman started as the firm’s first chief sales and operating officer, Commercial Observer reported. He will manage day-to-day sales operations and a team of roughly 150 people.

Eastern Union’s president, Ira Zlotowitz, told the Observer he was looking to boost the “people” side of the brokerage. And hiring Schnurman frees him up to work on other initiatives such as training programs for brokers.

Eastern Consolidated co-founders Daun Paris and Peter Hauspurg hired Schnurman in 2013 to lead a revamped investment sales team and retail operation at Eastern Consolidated. The capital markets advisory division he launched placed was among the 10 biggest shops in the city, and its retail leasing operation among the city’s most robust. Schnurman’s hires generated the bulk of revenue at Eastern, but a number of brokers told The Real Deal in July that the new strategy, which involved taming a cowboy culture, sparked tensions at the firm.

The brokerage, struggling with high fixed operational costs, high commission payouts, and — like most of the industry — a downturn in investment sales, shut down in July. Paris and Hauspurg recently landed at ABS Partners, where they will be sourcing deals. [CO] — Meenal Vamburkar


Related Articles

arrow_forward_ios
Nightingale's Elie Schwartz and Madison's Brian Shatz (Whale Square)

Nightingale buys Whale Square in Sunset Park for $84M

Nightingale buys Whale Square in Sunset Park for $84M
Investors worry that New York City’s battered commercial real estate sector is indicative of larger issues nationwide with hotels, restaurants and retail. (iStock)

New York’s CRE woes could spread nationwide: investors

New York’s CRE woes could spread nationwide: investors
Subversive CEO Richard Acosta (Photos via ICSC; iStock)

Riding high: Inception, Subversive to launch publicly traded cannabis REIT

Riding high: Inception, Subversive to launch publicly traded cannabis REIT
Gov. Andrew Cuomo announced that movie theaters in some New York counties can reopen, but NYC’s theaters are excluded for now. (Getty; iStock)

Cuomo: Movie theaters can reopen — but not in NYC

Cuomo: Movie theaters can reopen — but not in NYC
Blackstone’s Stephen Schwarzman, Roku CEO Anthony Wood and Coleman Highline in San Jose (Blackstone; Wikipedia Commons; Coleman Highline)

Blackstone buys Roku’s Silicon Valley office buildings

Blackstone buys Roku’s Silicon Valley office buildings
IKEA Chief Sustainability Officer Pia Heidenmark Cook (IKEA, iStock)

Ikea will buy back your old furniture on Black Friday

Ikea will buy back your old furniture on Black Friday
107 Chambers Street and Allison and Frederick Thompson (Google Maps, Tribeca Health & Fitness) 

Another fitness studio in Manhattan goes belly-up

Another fitness studio in Manhattan goes belly-up
Blackstone’s Kathleen McCarthy with 440 Saw Mill River Road, Ardsley, New York and 1000 Gateway Boulevard in San Francisco, California (left) (Blackstone; BioMed Realty)

Blackstone bets big on life-science buildings with $14.6B deal

Blackstone bets big on life-science buildings with $14.6B deal
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...