In a continuing stream of departures following its newsworthy merger, head of Cushman & Wakefield's Investment Banking Practice Michael Rotchford is leaving to open his own real estate investment fund.
Rotchford is looking to raise $150M for a new venture that will target office, industrial and residential properties on a national scale. The investments will have risk and return profiles and cater to corporate bond buyers.
During his 15 years at Cushman, Rotchford handled high-profile deals with Port Authority and 1WTC for $100M. He says the move is unrelated to the $2B merger. Louis Wolfowitz will take his place. [TRD]
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