Doug Middleton, who took over CBRE’s New York I-sales group after star dealer Darcy Stacom left greater than two years in the past, is decamping for Cushman & Wakefield.
He resigned from CBRE this morning, sources advised The Actual Deal. He’s going to work at Cushman & Wakefield. It’s attainable that Middleton will convey different members of his gross sales workforce together with him, although it couldn’t be confirmed if anybody else has made a dedication but.
Middleton has co-headed CBRE’s funding gross sales group alongside Invoice Shanahan. Shanahan, sources mentioned, just isn’t leaving the corporate.
Middleton didn’t reply to a request for remark. Neither did representatives for Cushman and CBRE.
After getting his begin in industrial actual property at Eastdil Secured working alongside Doug Harmon and Adam Spies, Middleton joined CBRE in 2019. He climbed the ladder and, in response to sources, took over working the I-sales group a few 12 months earlier than Stacom formally stepped away in February of 2024.
However Middleton by no means fairly gained the traction within the high-end funding gross sales area that CBRE hoped for. His group organized offers just like the Archdiocese of New York’s $250 million sale of its headquarters at 1011 First Avenue to Vanbarton Group for an office-to-residential conversion, Sotheby’s $175 million deal for its constructing at 1334 York Avenue to Aby Rosen’s RFR and the $100 million sale of Nuveen Actual Property’s 440 Ninth Avenue to David Werner.
However CBRE hasn’t been capable of break into the top-tier area that’s dominated by Newmark’s Harmon and Spies (who final 12 months offered 800 Fifth Avenue to Miki Naftali for $810 million) and the Eastdil Secured workforce run by Will Silverman and Gary Phillips (which offered 590 Madison Avenue final 12 months to RXR for almost $1.1 billion, the largest sale of 2025).
For its half, Cushman has been left searching for solutions on the I-sales entrance ever since Harmon and Spies left in early 2023.
Learn extra
“Skyscraper Queen” Darcy Stacom leaving CBRE
