Transwestern RBJ Loses 48-Person Team To CBRE New England

Bisnow
Steve Purpura.

An employee bloc is leaving en masse from one top Boston brokerage firm for another.

CBRE announced Tuesday a 48-person Transwestern RBJ team, led by Steve Purpura, has left to join CBRE New England. The group includes partners John Lashar, Jon Varholak, John Barry, Ron Friedman, Eric Smith, John Wilson, Brian McKenzie, Chris McCauley, Chris Skeffington, Brian Cohen and Vicki Keenan. Bisnow first reported Wednesday a deal for talent was close to being announced.

“Our partnership with Transwestern was rewarding on many levels and we are pleased to be able to depart the firm on such good terms,” Purpura said in a prepared statement. “Our decision to join CBRE reflects the strong synergies we have with the firm, both locally and with their tremendous national and international platform, which bolsters our view of the increasing importance of labor-centric and data-driven real estate consulting services.”

The former Transwestern team completed over 9.1M SF in Massachusetts leasing transactions in 2017, the third-largest CRE operation in the region. CBRE New England will continue to be led by co-managing partners Andy Hoar and Kevin Doyle.

Purpura, Lashar, Varholak, Barry, McKenzie and Wilson were founding partners of Richards Barry Joyce & Partners, which Transwestern acquired in 2013 and rebranded as Transwestern RBJ. Their move to CBRE New England is the latest in a month of high-profile exits from Transwestern.

RBJ founding partner Bob Richards left in early February for an executive vice chairman role at Cushman & Wakefield. Michael Joyce, another founding partner, left for C&W in January for a vice chairman position. Transwestern RBJ partners Thomas Ashe and Robert Byrne left to join C&W as executive director and managing director, respectively, earlier this month. Another partner, Jamey Lipscomb, left the company for an executive vice president position at JLL.

Lipscomb indicated he began looking for his own next steps as a result of contracts relating to the Transwestern/RBJ acquisition expiring over the winter, enabling him to explore new opportunities.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

Energy Company Opens 125K SF Newton Office: The Boston Deal Sheet

Simon Approaching End Of The Road With Struggling Suburban Boston Mall

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Davis Looks To Sell 16-Building Beacon Hill, Back Bay Portfolio

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Healey's New Data Center Rules Make Massachusetts A Tough Sell For Developers

Anthropic Doubling Local Presence With Cambridge Office Lease