Veteran ex-Cushman broker Stephen Preuss lands at Ripco

Dealmaker will head new Queens office after termination from Cushman & Wakefield in May

New York /
Aug.August 17, 2021 05:26 PM
Stephen Preuss and Ripco's Gene Spiegelman (Ripco)

Stephen Preuss and Ripco’s Gene Spiegelman (Ripco)

Several months after his split from Cushman & Wakefield, top investment sales broker Stephen Preuss has landed at Ripco Real Estate.

Preuss has joined Ripco as a vice chairman, heading up a new office the commercial brokerage is opening in Kew Gardens, Queens, the company told The Real Deal. Preuss will build a team focused on outer-borough sales, with Ripco planning to add leasing professionals to the Kew Gardens office to focus on the Queens market.

Unlike Cushman & Wakefield, which had a territory system that assigned each sales broker a specific trade area, Preuss said he will have free rein at Ripco to pick up business wherever he can.

“It’s an open playing field,” he said. “It’s more of, add value where you can. I’ll be focusing on the Queens marketplace and other areas where I can execute and transact.”

Preuss previously led the Queens office for Cushman & Wakefield, where he was one of the brokerage’s top sales agents. But he was terminated from Cushman in May under dubious circumstances; sources told TRD at the time that it had to do with a disgruntled client.

Preuss declined to elaborate on the matter, beyond saying that “nothing was perfect” and that his exit from Cushman was a “mutual decision.”

In the new role. Preuss will be reunited with Gene Spiegelman, the former head of Cushman’s retail brokerage who jumped to Ripco as vice chairman and principal in 2018.

Cushman’s Gene Spiegelman leaving company for Ripco 

The veteran broker has sold more than 500 properties over the course of his career, which began at the former Massey Knakal Realty Services. Cushman acquired that brokerage in 2015.





    Related Articles

    arrow_forward_ios
    Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)
    Here’s what the $10M-$30M NYC investment sales market looked like last week
    Here’s what the $10M-$30M NYC investment sales market looked like last week
    Reuben Bros. bag pair of Madison Avenue retail properties
    Reubens Bros.’ Madison Ave shopping spree tops mid-market deals
    Reubens Bros.’ Madison Ave shopping spree tops mid-market deals
    Carlyle buys Clinton Hill multifamily for $34M
    Carlyle buys Clinton Hill multifamily for $34M
    Carlyle buys Clinton Hill multifamily for $34M
    Buyer scoops up Bronx ice cream site; Jeff Sutton sells in Brooklyn
    Buyer scoops up Bronx ice cream site; Jeff Sutton sells in Brooklyn
    Buyer scoops up Bronx ice cream site; Jeff Sutton sells in Brooklyn
    1 Crosby Street (LoopNet)
    Land Finance buys SoHo building for $24M
    Land Finance buys SoHo building for $24M
    Stone Street and 700 West End Avenue (Landmark West!, LoopNet)
    Historic Stone Street buildings, UWS apartments lead light week for i-sales
    Historic Stone Street buildings, UWS apartments lead light week for i-sales
    Bronx Section 8 housing, West Village dorm top mid-market sales
    Bronx Section 8 housing, West Village dorm top mid-market sales
    Bronx Section 8 housing, West Village dorm top mid-market sales
    The hotel on Rockaway Beach sold for $25 million (Google Maps)
    Pandemic pricing arrives to middle of i-sales market
    Pandemic pricing arrives to middle of i-sales market
    arrow_forward_ios

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

    Loading...