Greystone’s Founder and Executive Chairman, Steve Rosenberg, and Cushman & Wakefield’s President, Multifamily Capital Markets, John O’Neill, joined a fireside chat with Commercial Observer’s Cathy Cunningham at the NYC Fall Finance Forum to talk about our joint venture and the strategic benefits for our clients in a turbulent market.
"Amid economic uncertainty, some companies have decided to join forces. Last December, Cushman & Wakefield made a $500 million investment to acquire a 40 percent stake in Greystone’s agency lending and servicing business. The fifth panel took place between the two companies’ power partnership, moderated by CO’s finance editor, Cathy Cunningham.
'We worked with a great adviser who introduced us to Steve [Rosenberg] and the team,' said John O’Neill, president of U.S. multifamily capital markets at Cushman & Wakefield. 'We knew from some of the first early meetings that we shared strategic anchors like commitment and culture, in terms of commitment to clients and a competitive spirit. And, we knew early on this thing could be very successful.'
'We had some shared values coming in,' said Rosenberg, founder and executive chairman of Greystone, adding that the marriage achieved alignment, organic growth and scaling of the business in the first year alone.'"
Read more about the panel on Commercial Observer. Photo by Steve Lipofsky.