Revamped Structure Intended to Establish a "Culture of Collaboration" Between Service Lines and Geographies
In a shakeup of its U.S. services structure, Cushman & Wakefield has created a new unit to provide integrated services to property owners and tapped Shawn Mobley, its current Chicago Office Leader, to head up the new national group.
The new Investors Services Group will include teams formerly operating separately providing investment services, agency leasing, and asset and property management across the firm's 124 U.S. offices.
Mobley will report to Jim Underhill, CEO of the Americas, and John Santora, president and CEO of the Corporate Occupiers and Investor Services.
As part of the restructuring, Cushman & Wakefield also realigned its internal reporting structure, promoting William (Bill) Magner to president of U.S. markets. Magner will now oversee the firm's entire U.S. market-based operations with the exception of the New York Tri-state Region, which will remain under Ron Lo Russo. Magner, who is based in the firm's Washington, D.C. office, directed the firm's Mid-Atlantic and Southeast regions over the past three years.
"Our goal is to generate a culture of collaboration between service lines and geographies entirely focused on the client," said Magner in a statement announcing the restructuring. "We will have a more unified approach for all aspects of the business and that approach will benefit our clients wherever they use our services."
"Our new U.S. Investor Services Group has been created to provide our clients the highest level of service and creative solutions by combining all of our Investor services into one fully integrated platform," said Jim Underhill, C&W's CEO of the Americas.
With Mobley's promotion into a national leadership role, Cushman & Wakefield will be looking for a new market leader in Chicago. The firm also did away with its previous three-region structure, consolidating the former East, West and Central regions under Magner.
Mobley joined Cushman from the former Grubb & Ellis Co. in 2011 to head C&W's Chicago-area operations. He was promoted to president of its 14-state Central Region in 2012. Mobley, who had served as president of brokerage services at Grubb & Ellis, was one of about a dozen former Grubb & Ellis brokers in Chicago who left the firm to join Cushman & Wakefield.
Magner also joined the firm in 2011, taking over as head of the firm's Mid-Atlantic and Southeast regions for Underhill after he was promoted to CEO. Before joining the firm, Magner was director of brokerage for the Mid-Atlantic region of JLL. Before that role, he spent 22 years at Spaulding & Slye, which was acquired by JLL in 2006. Magner joined the firm's Washington office as an agency and tenant representative, before being named manager of the firm's Bethesda, MD office, and eventually becoming a principal of the firm.