Cushman & Wakefield Makes Major Change in Multifamily Capital … – CoStar Group

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John O’Neill (CoStar)

Cushman & Wakefield has tapped Blake Okland, chief revenue officer of its joint venture partner Greystone, to serve in the additional role of president of Cushman’s multifamily capital markets group. Okland replaces, John O’Neill of Atlanta, who is departing Cushman & Wakefield. “I have made the decision to leave the firm and I’m very grateful for the 20 years at C&W — affording me the opportunity to collaborate with best in class professionals, work with terrific clients, scale the business and grow as a leader,” O’Neill said in a LinkedIn message. “I’m wish the C&W team great success.”

Okland, who joined New York City-based Greystone this year, started his expanded role on Friday. In late 2021, Cushman & Wakefield formed the joint venture with Greystone when it closed a $500 million deal to buy a 40% stake in Greystone’s multifamily agency lending and servicing and Federal Housing Administration lines of business. The appointment of Okland as president of multifamily capital markets will enable Cushman & Wakefield to build on the momentum it and Greystone have created in the two years since they formed their venture, said Dan Broderick, president of Americas Advisory at Cushman & Wakefield. “Multifamily continues to be one of the largest asset classes for institutional investors in the U.S. and remains a key area of strategic growth and focus for our business,” Broderick said in a statement.


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Before Okland joined Greystone, he served as vice chairman and head of multifamily investment sales at Newmark. In that role, he led the expansion of the brokerage’s multifamily business across the country and accelerated the growth of its investment sales, lending and servicing platforms. Okland also served on Newmark’s U.S. operating committee and global capital markets board. Okland also worked at ARA prior to its acquisition by Newmark and at CBRE and Archstone-Smith Communities Trust. O’Neill led Cushman & Wakefield’s multifamily capital markets group from December 2021 until last week. Before that, he served as president of the brokerage’s Central region. He has been Cushman & Wakefield since June 2003. “Blake is a great leader and I wish him continued success in his expanded role,” O’Neill said.

From left: Andy Lubinski, Aaron Whitmore, Ethan Haglund and Justin Felix. (Colliers)

Colliers has hired a four-person team in Minneapolis from CBRE as Colliers works to expand in Minnesota, North Dakota and Iowa. The team is led by Andy Lubinski, who joined Colliers as a vice chairman. The other team members who made the move from CBRE with Lubinski are Aaron Whitmore, associate vice president; Ethan Haglund, senior associate; and Justin Felix, transaction manager. In his new role, Lubinski will oversee multistate site selection, tenant representation and acquisitions dispositions.

Colliers said Lubinski and the team will focus on major industrial properties in secondary markets along with projects in the food-production and climate-controlled warehousing sectors. Lubinski has more than 12 years of experience in commercial real estate. During his nearly nine years at CBRE, He completed transactions that involved a total of more than 30 million square feet of space.

Jon Mackey (Newmark)

Newmark has promoted Jon Mackey, who spent the past four years as San Jose, California, market leader and executive managing director, to Northwest region market leader. In his new role Mackey will oversee operations and performance of 13 offices and nearly 850 professionals in Washington, Oregon and Northern California, Newmark said. He will stay in San Jose and also continue his work as a broker serving clients on the San Francisco Peninsula and in Silicon Valley. Western Region President Kevin McCabe said Mackey’s industry track record and experience will benefit the brokerage as it works to expand in the Northwest. Mackey, who has more than two decades of experience, has consistently ranked as an annual top performer at Newmark, the company said. He has completed more than 800 transactions involving a total of over 13.5 million square feet of space and having an aggregate value of more than $3 billion.

CBRE has hired veteran broker Danielle Lafe, who joined the brokerage’s Pittsburgh office as a vice president. In her new role, Lafe will work Vice President Carmine DiLucente and focus on representing office occupiers in the region, CBRE said. Lafe, who has more than 15 years of experience in sales, joined CBRE after nearly a decade with Poppin, a New York City-based commercial furniture design company. Mamadou Baldé, CBRE’s managing director in Pittsburgh, said in a statement that “her background in B2B sales, relationship-building capabilities and unique perspective” will help the firm expand its office occupier practice in the Pittsburgh area. Lafe is the latest addition to CBRE’s Pittsburgh office occupier team that includes Executive Vice President Gerry Dudley, Vice Presidents Carmine DiLucente and Michael Stuart, associate James Stocker and client services coordinator Brennan Reyes.

Kirk Brummer (Kidder Mathews)

Kidder Mathews has added veteran retail investment sales brokers Kirk Brummer and Eric Shain to its office in Orange County, California. Brummer and Shain focus on the disposition, acquisition, valuation and repositioning of retail properties including anchored shopping centers, strip centers, and single-tenant net lease properties throughout the West. Brummer joined the firm as a senior vice president and Shain as a vice president. Before joining Kidder Mathews, they worked at CBRE in Newport Beach. Brummer has more than 25 years of retail investment sales experience. During his career, he and his team have completed nearly 800 transactions with an aggregate value exceeding $13.1 billion. At CBRE, he was a founding member of the firm’s national retail partners West group. Shain joined that CBRE team in 2017 and helped close more $650 million in retail property sales. Brummer and Shain have represented wealthy private investors, developers, family offices and institutional clients and real estate investment trusts including AEW, BlackRock, Blackstone, Crow Holdings, Federal Realty, Kimco Realty, Regency Centers and Prudential.

Michael O’Leary (Lee & Associates)

Lee & Associates has promoted Michael O’Leary, who has been a member of the firm’s industrial real estate division since 2019, to executive vice president. He previously served as a senior vice president. O’Leary specializes in the leasing, acquisition and disposition of properties across several Chicago area industrial submarkets including Interstate-80, I-294 and Northwest Indiana.

At Lee, he works closely with principal Brian Vanosky and Vice President Dylan Maher. Vanosky said O’Leary has been a critical part of Lee’s industrial team and has helped it expand in the Chicago area. Prior to Lee & Associations, O’Leary worked for nearly four years at Cawley Chicago Commercial Real Estate. A licensed real estate broker since 2012, O’Leary works in the firm’s office in Rosemont, Illinois.

Jason Zyck (CBRE)

CBRE has hired multifamily investment sales broker Jason Zyck from JLL in Chicago. Zyck joined the office as a vice president on the multifamily investment sales team that includes John Jaeger and Justin Puppi. Since 2005, CBRE’s Chicago multifamily team has completed more than 200 sales with an aggregate value of over $13 million in the Chicago area and neighboring Midwest markets. Zyck spent the past three years at JLL, where he served as an associate. Before that, he worked as an analyst at Bellwether Enterprise.

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