Robert Gastel, a 30-year professional with Cushman & Wakefield with diverse experience within the company in both the management and brokerage spheres, has rejoined the firm’s New York Tri-State Management ranks as a Managing Director, New York City offices.
He will help develop and implement a range of key, regional initiatives, while assisting in day-to-day management of the Midtown and Downtown offices. Mr. Gastel will also help create and implement training programs for brokerage professionals and staff.
Mr. Gastel will report to Ron Lo Russo, President, New York Tri-State Region and Suzy Reingold, COO, New York Tri-State Region.
“Bob Gastel has excelled within Cushman & Wakefield as both a manager and a broker,” said Mr. Lo Russo. “He has an intimate understanding of the company, and also of the commercial real estate marketplace. Bob will make a great contribution to the management team.”
Mr. Gastel joined Cushman & Wakefield in a management capacity in 1984 as Assistant Finance and Administration Manager for the New York Region. He served on the management team until 1988, when he transitioned into the financial services group and was directly involved in multiple investment sales of office, industrial, and retail properties in the NY Tri-State area and around the country.
“We’re excited to welcome Bob back to the management team and look forward to working with him on a number of key initiatives for the region,” said Ms. Reingold.
Mr. Gastel joined the company’s brokerage team in 1998 and completed a range of transactions on behalf of a client portfolio that included exclusive representation of several Fortune 500 companies. He served General Reinsurance Corporation, Honeywell Inc., Pitney Bowes Inc. and Sunbeam Corporation in various acquisition and disposition transactions throughout the United States and around the world.
Prior to joining Cushman & Wakefield, Mr. Gastel was a Senior Audit Manager for the New York Mercantile Exchange. He holds a degree in Accounting from Queens College of the City University of New York.
Cushman & Wakefield, via its parent, Exor S.A. recently reported strong third quarter and 2013 year to date earnings. The company’s third quarter Adjusted EBITDA increased 74 percent year-over-year and all regions and service lines experienced double digit revenue growth. In 2013, Cushman & Wakefield made over 1,800 hires globally.