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The capital markets team of Doug Harmon and Adam Spies, who have arranged more than $250 billion of commercial property sales, has joined Newmark

Doug Harmon and Adam Spies Jump to Newmark

One of New York City’s top-producing commercial-property sales teams is jumping from Cushman & Wakefield to rival Newmark Group during one of the worst droughts for office buildings deals in recent memory, the Wall Street Journal first reported Wednesday.  

The leaders of the team, Douglas Harmon and Adam Spies, will be co-heads of Newmark’s U.S. capital-markets business, joining Kevin Shannon and Robert Griffin.

“Doug, Adam and members of their long-tenured team joining is a testament to the growth of our platform,” said Barry Gosin, Newmark CEO, in a statement late Wednesday afternoon. “Our capital markets advisory business has seen dramatic growth. These hires are expected to amplify Newmark’s strength, upwards trajectory and momentum to become the most trusted and sought-after capital markets firm in the world for both producers and clients.”

A team at Eastdil Secured before joining Cushman & Wakefield in 2016, Harmon and Spies have been involved in deals with values totaling more than $250 billion since 1997, mostly in New York, the WSJ reported. In recent years, those sales transactions have included Google’s 2018 purchase of the Chelsea Market building for $2.4 billion and last year’s sale of the American Copper Buildings, a pair of luxury apartment towers, for $850 million.

Pictured: Doug Harmon.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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