Thursday, May 25, 2006

Jones Lang LaSalle


CBRE Promotes Shanahan, Stacom
By Barbara Jarvie


NEW YORK CITY-CB Richard Ellis has promoted its top-producing brokers William Shanahan and Darcy Stacom. Both will serve in the vice chairman role. Last year, team sold $4.5 billion of office buildings--estimated at 40% of the total office investment activity here--and $1.8 billion of multifamily assets.

Stacom was the firm’s top-producing broker nationally in 2005. She heads the firm’s New York City Investment Properties Institutional Group. Since 2003, her advisory and sales transactions have exceeded $11.6 billion, predominantly in New York City. Shanahan was the firm’s top-producing broker here last year.

"No one in New York is better than Darcy at identifying and unlocking the true value of a real estate asset," says Mary Ann Tighe, chief executive officer of the New York Tri-State Region of CB Richard Ellis. Regarding Shanahan, she adds, "Bill consistently delivers to his clients outstanding results."

Shanahan has been involved with assignments including the $335-million joint venture for the Lipstick Building at 885 Third Ave. and the $202-million sale of CIT Realty Corp’s interest in Waterside Plaza. Stacom’s career highlights include the $918-million sale of the 1.2-million-sf historic landmark MetLife Building at One Madison Ave. and the record-breaking sale of the 583-apartment Manhattan House at 200 E. 66th St. for $625 million.

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