Cushman & Wakefield’s capital markets poachfest is playing out on both coasts.
The brokerage most recently nabbed multifamily investment and development specialist Paul Darrow from Marcus & Millichap’s Institutional Property Advisors, the company told The Real Deal.
As a managing director in Cushman’s Downtown Los Angeles office, the broker will continue to focus on multifamily acquisition and disposition, working with Marc Renard, the executive vice chairman of Cushman’s Capital Markets Group.
Darrow said his day to day will not change much at Cushman.
“My office is two blocks away from my old office,” he told TRD.
What will change is he will compete with his former colleagues and the geographic scope of his deals will expand to include all of Southern California.
“I think I will have a bigger scope at a bigger firm with broader outreach [to a] broader base of institutional clients,” he said.
Darrow echoed other recent hires when citing reasons he made the jump.
“It’s what you are seeing with some of the other people [who moved to Cushman]: the opportunity to partner with a guy with an impressive track record, that being Marc Renard,” he said. “That, and it being a well known company with an entrepreneurial feel in terms of growth.”
His brother, Phillip Darrow, is also joining Cushman from Institutional Property Advisors. He will be responsible for the underwriting and marketing of investment properties across Southern California and will work in a support role as part of the capital markets team.
Cushman’s Downtown L.A. office has added over 30 new hires since January 2016, according to a company statement. The firm also made a capital markets hire this month in its Orange County office, poaching Conrad Andersen from Colliers’ Irvine office.
Cushman recently netted some big fish in New York when it poached capital markets bigwigs Doug Harmon and Adam Spies from Eastdil Secured.