10 commercial brokers jump ship from Savills to Cushman & Wakefield

Mike Mordaunt and Joe Brady (LinkedIn)

Cushman & Wakefield hired 10 brokers from Savills offices in San Jose and Palo Alto.

The commercial real estate company has been attracting Silicon Valley brokers from Savills in droves, the Silicon Valley Business Journal reported.

All of the brokers who have jumped ship work in tenant representation, helping businesses looking to lease new space or renew current offers.

The move represents a major upheaval in the local real estate world, as defections also account for a large proportion of local Savills staff.

Nine of the 21 Savills brokers the London-based firm lists as working at its San Jose branch are joining Cushman, including Mike Mordaunt and Joe Brady, who co-managed the office.

One of seven brokers in the Palo Alto branch of Savills is also heading to Cushman, a Chicago-based commercial real estate firm.

Despite the departures, Savills North America’s Silicon Valley operations retain a strong team and “significant business,” said Michael Lassiter, a spokesman for the firm.

“We wish Joe, Mike and their teams the best in their future endeavours, and welcome the opportunities this transition brings,” he said.

Other brokers include Savills Vice Chairman Peter Hamann, Vice Chairman Mark Moser, Executive Managing Director Nate Currie, Executive Managing Director Scott Kinder, Executive Director Mike Drew, Senior Director Chris Errecart, Director Johnny Miroyan and director Spencer Galli.

The brokers all joined Cushman this month, the company said, and will work from the company’s offices in San Jose and Palo Alto. They declined to comment on why they made the switch. Cushman did not disclose whether the brokers would bring back their former clients.

[Silicon Valley Business Journal] – Dana Barthelemy