Newmark is continuing to raid rival Cushman & Wakefield.
Barry Gosin’s commercial brokerage poached another team of Cushman sales brokers nine months after luring top dealmakers Doug Harmon and Adam Spies.
Dan O’Brien, Eric Roth, Maurice Suede and Caroline Hodes are among the brokers who will join Newmark to launch a new sales group that will focus on smaller institutional deals.
O’Brien cited Newmark’s “deep bench of capital markets all-stars” as one of the reasons for the move.
The new sales group creates a clear division between middle-market sales and the institutional sales group headed by Harmon and Spies. It also establishes Newmark as something of an Eastdil Secured redux, with a large number of former Eastdil brokers now working for Gosin.
O’Brien had spent nearly eight years at Eastdil earlier in his career alongside Harmon and Spies. He followed when they defected to Cushman and now rejoins them at their current home.
He will co-lead the new New York City-focused private capital group with Brett Siegel, who joined Newmark in 2019 with fellow Eastdil colleagues Evan Layne and Jean Celestin. The latter two will continue to work on the institutional side of the business.
Harmon called the new hire a reunion and said the brokers all “have a long and successful track record of working together earlier on in our careers.”
A spokesperson for Cushman declined to comment.
Newmark is also home to Eastdil’s former hotel-sales team of Larry Wolfe, Mark Schoenholtz, Adam Etra and Miles Spencer, who joined in 2018.
O’Brien’s notable deals include the $160 million sale of St. Francis College’s Brooklyn Heights campus to Rockrose Development earlier this year.
Siegel and Layne won the Real Estate Board of New York’s Edward S. Gordon Memorial Award this year for brokering the sale of 25 Water Street, which is set to be the city’s largest ever office-to-residential conversion.
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