NEW YORK CITY-In terms of losing valuable talent—in the form of several individuals leaving for a rival firm—Cushman & Wakefield has suffered a big blow. The team headed by veteran commercial broker Andrew Peretz has departed the company to join rival Newmark Grubb Knight Frank's New York City office.
Cushman & Wakefield New York area president Ron LoRusso confirmed that Peretz, Andrew Sachs and Timothy Gibson had left the firm in a short statement. "The team resigned as of Wednesday," he stated.
Peretz in his nearly 10 years at Cushman & Wakefield has become one of the firm's top brokers and has specialized in lower Manhattan and midtown south markets, according to Crain's New York Business. Among Peretz's more lucrative leasing assignments include Trinity Real Estate, which owns millions of square feet in the Hudson Square section of Manhattan.
The team's exit follows the announcement in June that Cushman CEO Glenn Rufrano was stepping down. Carlo Sant'Albano, the former head of Cushman parent company EXOR, has taken over as interim CEO until a replacement for Rufrano—who started as Cushman's CEO in 2010—is found. See story in Crain's New York Business.
Also in June, C&W's New Jersey office lost its managing director, Gualberto “Gil” Medina.
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