Peter Carroccio Out As Cushman & Wakefield's D.C. Region Head
Cushman & Wakefield is looking for a new regional leader for one of the largest U.S. office markets.
Peter Carroccio, who became head of the firm's Washington, D.C. region in 2017, is no longer with Cushman & Wakefield, Bisnow has learned.
Carroccio's LinkedIn page says he left the firm in April and is now self-employed. Cushman & Wakefield last week posted a job listing on LinkedIn for managing principal in the D.C. region, the same title Carroccio held.
“I can confirm Peter is no longer with the firm," a Cushman & Wakefield spokesperson wrote in an emailed statement to Bisnow. "We're heavily committed to our people and our clients in the Washington, D.C. region and are going through the process of looking for a new leader.”
The company declined to provide a reason for Carroccio's departure. Carroccio didn't respond to requests for comment.
In 2016, Carroccio left CBRE to join Cushman & Wakefield as executive managing director of brokerage for the D.C. region. He was hired by Roberta Liss, who now serves as president of the Cushman & Wakefield's Mid-Atlantic, North Central and Northeast regions.
In May 2017, Cushman & Wakefield announced it named Carroccio as the head of its D.C. region. He was given the title of managing principal and oversaw the brokerage, asset services, occupier services, valuation & advisory and project development services teams.
Prior to joining Cushman & Wakefield, Carroccio spent nine years with CBRE, two years with GVA Advantis and eight years with Transwestern, according to his LinkedIn page. He is a native Washingtonian, graduating from Gonzaga College High School in NoMa and The Catholic University of America in Brookland.
The D.C. region has 340.7M SF of office inventory as of Q1, making it the second-largest office market in the U.S., behind only New York, according to JLL.
Cushman & Wakefield brokers have won a series of CREBA awards over the past several years that recognized them as the highest-producing agents in the D.C. region. The company has three offices in the region in Downtown D.C., Tysons and Bethesda.