Newmark Bags Eastdil Brokers To Lead Investment Sales Team
Three brokers from Eastdil Secured have jumped to Newmark Knight Frank to help beef up the firm’s investment sales arm.
Brett Siegel, Evan Layne and Jean Celestin will oversee Newmark’s investment sales practice starting next week, The Real Deal reports.
The trio had been major deal-makers for the firm, particularly after Doug Harmon and Adam Spies left for Cushman & Wakefield, per TRD. All three resigned Tuesday.
Siegel and Layne focused on big-ticket office deals, while Celestin had focused on multifamily assets. Siegel arranged Silverstein Properties’ $1.2B purchase of the ABC campus, and he and Layne worked on SL Green’s purchase of a stake in 245 Park Ave. from HNA Group for around $150M last year.
Over the past 18 months, there has been significant talent shuffle in the investment sales brokerage world. Former Eastern Consolidated brokers Brian Ezratty and Ron Solarz joined Newmark last August, to run the private client group and to help with the firm’s national expansion. They will work under the new trio, according to TRD.
Newmark also lured a group of managing directors from Eastdil to run its hotel capital markets group. Cantor Commercial Real Estate founder and CEO Anthony Orso joined Newmark as the president of capital market strategies in spring 2018.
In June, Wells Fargo announced Eastdil executives were buying back an ownership stake in the firm, alongside Guggenheim Investments clients and Singaporean sovereign wealth fund Temasek Holdings. The deal valued the company at more than $400M, the Wall Street Journal reported at the time.
