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CBRE Lures Investment Sales Executive Away From Eastdil Secured

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CBRE is beefing up its investment sales arm with a new hire from Eastdil Secured, another in a line of high-profile departures from the Wells Fargo-owned brokerage in recent years.

Doug Middleton is joining CBRE as an executive vice president, the company announced this week. His focus will be acquisition and disposition of office and residential properties, according to a release, and he will report to capital markets co-chairs Darcy Stacom and Bill Shanahan.

“We are very excited to have Doug be a part of our talented New York City team,” Stacom said in a statement. “We have expanded our group significantly to better serve our clients and further increase our deal flow capacity. Doug is a large part of our plan to continue CBRE’s leadership position in the capital markets arena.”

Most recently, Middleton was at Eastdil as director of investment sales. Wells Fargo is considering selling the brokerage after a tumultuous period. Eastdil lost major dealmakers Doug Harmon and Adam Spies to Cushman & Wakefield back in 2016, a move that diminished the firm's hold on the city's investment sales market. 

Last year, Newmark Group lured a group of managing directors from Eastdil to run its hotel capital markets group.