Holliday Fenoglio Fowler has hired David Giancola and Graham Stephens away from Cushman & Wakefield, the latest in a string of defections from the firm.

David and Graham will be managing directors in the real estate financing firm's New York office, focusing on commercial investment sales transactions in Manhattan and the Tri-State area.

David started at Cushman & Wakefield in 2014 and was a managing director in its capital markets and investment sales group, and had worked at West-River Capital and Heitman before that.

Graham started at C&W in 2012 and was a managing director on the NYC capital markets team. Prior to that he was with Eastdil Secured and RBS Greenwich Capital.

Andrew Scandalios, co-head of HFF’s New York office, says the hire reflects the fact that “in the last three years, HFF has been rapidly expanding its investment sales footprint” in New York and ramping up its head count.

Last September saw several high-profile departures from C&W, as the head of their investment team left for Marcus & Millichap and the head of their Investment Banking Practice left to open his own fund.

At the same time, two former execs from DTZ—which merged with C&W last September—left to join Collier’s International.