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Transaction Total:
$3.9 billion
Winners:
Darcy Stacom and Wiliam Shanahan
Company:
CBRE
Award Highlights:
  • Run CBRE's investment sales division in New York City
  • Completed year’s top two brokered office sales in U.S.
  • Consistently rank among top investment sales teams in U.S.

CBRE’s team of Darcy Stacom and William Shanahan are legends in the investment sales world. And in a year like no other, they were responsible for the top two brokered office property sales in the country.

With 410 Tenth Ave., Stacom and Shanahan sold a $1-billion construction project during the pandemic with major tenant cancellation clauses as a core deal through skill and ingenuity. Their ingenious positional marketing and transaction structuring overcame opaque tax law, partnership concerns, and top of market pre-COVID pricing to complete the U.S.’s largest post-COVID office sale.

At 330 Madison Ave., Stacom and Shanahan hit a bullseye on a partner buyout and subsequent 100% sale at full value, overcoming a 40-year-old joint venture agreement highly favorable to the general partner and creating full value for the partner on 330 Madison which involved structural and economic risk and ingenuity. Stacom and Shanahan overcame partner, client, investor, leasing, interest rate, timing and lender challenges to close just before the citywide COVID shutdown.

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About the Author

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.
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