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Cushman & Wakefield Just Landed Two Of NYC's Top Brokers

Stuyvesant Town, one of the largest apartment complexes in the U.S., is made up heavily of rent-stabilized apartments.

Longtime Eastdil Secured brokers Douglas Harmon and Adam Spies, along with managing director Kevin Donner, have jumped ship to Cushman & Wakefield, where they’ll serve as chairman of C&W’s capital markets division and as an executive managing director, respectively.

Doug had been with Eastdil since 1993, and oversaw Blackstone Group and Ivanhoé Cambridge’s $5.4B purchase of Stuyvesant Town-Peter Cooper Village (pictured) last December, the largest single-asset deal since its previous sale in 2006, Commercial Observer reports. 

Doug and Adam closed on  the $1.8B sale of the Crown Building on Fifth Avenue to Wharton Properties’ Jeff Sutton and Chicago-based General Growth Properties, and were No. 16 on Commercial Observer’s 2016 Power 100 list.

Jamestown recently tapped the pair to market the Falchi Building in Long Island City. This is a huge move for Cushman & Wakefield, which lost Fred Smith, one of the city's best leasing brokers, to Newmark Grubb Knight Frank this summer. [CO]