NEW YORK — Cushman & Wakefield, a global real estate services firm, announced that it has hired Doug Middleton and Jack Stillwagon to lead the firm’s Institutional Capital Markets business across New York City. Mr. Middleton and Mr. Stillwagon, who are joining the firm from CBRE, bring extensive experience in sourcing and executing transactions for large commercial assets across New York City. In addition to serving institutional clients in New York, Mr., Middleton and Mr. Stillwagon will collaborate with Cushman & Wakefield’s capital markets teams across the country, bringing New York market expertise to national client relationships and cross-market opportunities.
“New York is essential to Cushman & Wakefield’s institutional capital markets strategy. Doug and Jack bring deep transaction experience and client relationships to the firm. Their partnership will strengthen our New York capital markets presence and more effectively connect our regional clients with our national and global platform,” said Miles Treaster, President of Americas Capital Markets at Cushman & Wakefield.
Mr. Middleton joins the firm as Executive Vice Chairman. For the past eight years, he led CBRE’s Investment Properties Institutional Group in New York City, following his role as Director of Investment Sales at Eastdil Secured. Over the course of his career, Mr. Middleton has spearheaded billions of dollars in commercial real estate transactions across New York City. Key recent deals include the sales of 450 Park Avenue ($455 million), 1334 York Avenue ($510 million), The Fee at the Palace Hotel ($490 million), 1 Whitehall ($104.5 million), and the recapitalization of the Oriana ($367.5 million).
“Joining the team at Cushman & Wakefield is an exciting opportunity,” said Mr. Middleton. “The leadership here has cultivated an exceptional culture in New York City, providing my team and me with the support and empowerment needed to deliver top-tier results for our clients. I’m eager to enter this next chapter of my career and contribute to expanding Cushman & Wakefield's Capital Markets presence across the city.”
Mr. Stillwagon joins the firm as Executive Managing Director. At CBRE, he worked alongside Mr. Middleton in the Investment Properties Institutional Group, where he advised on deals across the office, residential and industrial sectors and was actively involved in all phases of the transaction process. Mr. Stillwagon previously held positions at Waterfall Properties and Atlantic Creek Real Estate Partners.
“Doug and Jack are trusted advisors who consistently bring thoughtful, strategic thinking to the most complex New York transactions,” said Todd Schwartz, Northeast Regional President at Cushman & Wakefield. “We are thrilled that this team recognized the strength of Cushman & Wakefield’s platform and the opportunity it provides for the next chapter of their careers, and we look forward to all they will accomplish here.”
