Cushman & Wakefield has hired a new executive in San Francisco to lead its capital markets group.
The Chicago-based brokerage named Miles Treaster as the president of Americas Capital Markets, the San Francisco Business Times reported. He takes the reins on Sept. 1.
Treaster will oversee the company’s investor services across all markets in North and South America. His appointment comes as investment sales, especially offices, are starting to rebound in San Francisco after a pandemic slump.
Capital markets brokers work with investors on deals involving investment-grade properties, finding equity or loans to finance purchases and helping to negotiate terms, according to the Business Journal.
Treaster has more than two decades of experience in equity capital markets and institutional real estate debt.
He was previously a principal at Five Horizons Partners, a San Francisco-based real estate investment and advisory firm he co-founded in 2022. At Five Horizons, he helped raise investment funds for commercial businesses and wealthy investors.
Before helping launch his firm, Treaster spent 14 years at New York-based Westbrook Partners, where as managing principal he oversaw the firm’s West Coast investments. He also served as a managing director at DRA Advisory, based in New York.
Early in his career, Treaster spent a year working for Cushman’s San Francisco-based investment sales office.
Treaster’s hiring demonstrates the firm’s commitment to growing its institutional capital markets business, Andrew McDonald, Cushman’s global president, said in a statement.
“We are transforming our capital markets business, and Miles is the right leader to drive our collaborative and data-driven approach to advising our investor clients,” McDonald said.
Treaster will help drive growth by integrating artificial intelligence into Cushman’s capital markets platform. The firm announced last fall it would use AI to help make better decisions.
Cushman & Wakefield, a commercial real estate services firm founded in 1917, has nearly 400 offices and 60 countries. Last year, the firm reported revenue of $9.5 billion.
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The buyer was Alaska-based Fountainhead Development, which paid $48.3 million, or approximately $258 per square foot.
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