CBRE Hires New First VP, Capital Markets from HFF
David Fowler, who began at CBRE on Monday, is also a Massey Knakal alum.
NEW YORK CITY–David Fowler started his new position as a first VP, CBRE Capital Markets on Monday. Based in the Midtown Manhattan office, he will focus on strengthening and growing the office investment advisory and joint venture equity transactions in the New York metro area.
Fowler has been involved in more than 100 transactions with an aggregate value of more than $6 billion. He has joined the team led by Darcy Stacom and William Shanahan, with Eric Negrin, Ryan Spector and Carl Shorett.
Stacom, chairman and head, New York City Capital Markets, CBRE, says Fowler’s experience in the New York City metro area’s commercial real estate and strong business relationships will play a key role in the growth of CBRE’s investment sales team. “David has made his mark on this market and comes with a stellar track record of exceeding the expectations of clients,” says Stacom.
Fowler joins CBRE from HFF. In 2015 he formed the investment sales office team, and served as a senior director working on commercial real estate financing, joint venture equity and investment advisory transactions. At HFF, some of the deals Fowler was involved with include the $1.04 billion sale of 60 Wall St., the $640 million sale of 5 Bryant Park, and the $330 million sale of 1407 Broadway.
Prior to joining HFF in 2012, Fowler was a senior associate at Massey Knakal Realty Services where he worked on Lower Manhattan investment sales. The co-founders of that firm received considerable attention this week. On Monday, Cushman & Wakefield let go Bob Knakal, its chairman, New York Investment Sales, who was reportedly exploring career options with other brokerages. On Wednesday, Paul Massey announced he was starting B6, a new brokerage firm, with two former Massey Knakal executives. He had resigned from his position as president, New York Investment Sales at Cushman & Wakefield in April. At the end of December 2014, Cushman had bought Massey Knakal Realty Services for $100 million.
The CRE industry may be wondering what other shoes may drop (or hit the floor running)? Keep reading GlobeSt.com to catch our upcoming interview with Massey.