Cushman & Wakefield has picked up a former executive from Shorenstein to lead its northwest region.
The Chicago-based commercial real estate brokerage named Tom McDonnell to lead a region that includes Northern California, Oregon and Washington, the San Francisco Business Times reported.
McDonnell will oversee strategic growth initiatives and business development in the newly created position of executive director. He will also serve as head of Americas office agency leasing, working with landlord clients, according to the firm.
The office in which he’s based was not disclosed.
McDonnell joins Cushman after two decades at San Francisco-based Shorenstein, a developer and investor, where he recently served as national leasing director.
Before joining Shorenstein, he served as an associate director at Cushman during a five-year stint.
Victoria Malkin, president of Americas markets for Cushman, praised McDonnell’s “extensive background in leasing and asset management.”
News of his hiring comes three weeks after McDonnell left Shorenstein as one of seven long-time executives axed from its C-suite as the firm grapples with facing up to 7 million square feet of distressed office buildings nationwide.
Cushman has been on a hiring spree across the Bay Area, according to the Business Journal.
In August, the brokerage nabbed Miles Treaster, who works in San Francisco as president of Americas capital markets. At the end of last year, it hired an East Bay-based industrial team from Newmark. Most recently, the firm recruited a multifamily crew from CBRE to lead its Northern California multifamily capital markets office.
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Shorenstein cuts seven executives as it grapples with office distress