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Cushman & Wakefield let go of a market leader based in its West Los Angeles office.
Managing Principal Phil Brodkin oversaw the Downtown, West LA, North LA and South Bay areas, according to a release for his August 2021 appointment. Brodkin confirmed his departure to CoStar, which was the first to report the news.
A representative for Cushman did not immediately respond to a request for comment.
A release announcing Brodkin's arrival at Cushman noted his 20 years of industry experience across a variety of services. Before Cushman, Brodkin was at Newmark, where he led the LA region and was a national leader for industrial and logistics services at the firm.
Cushman reported a net loss of $33.9M in the third quarter of this year, putting its losses for the first three quarters of the year at $105.2M.
The company said in its most recent earnings call that it was largely focused on dramatically reducing its leverage. In the call, the company said it was pacing to trim $130M from its budget.
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