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C&W's new NY chief shares experience.

Richard "Rick" Donahue, the recently appointed New Yorkbranch manager for Cushman & Wakefield, said he is not looking to effect major changes. Fresh from the trenches of brokerage, Donahue said the best thing he can offer the company's brokers, appraisers and property managers is his perspective on what it's like to be in the field.

"I can come up with creative solutions based on my own experience," said Donahue who as a Cushman & Wakefield branch manager will not directly participate in deal making.

In particular, he said, he can offer tips on closing deals and approaching new clients.

Donahue has been with Cushman & Wakefield since 1973. His recent leasing agency assignments included Americas Tower at 1177 Sixth Avenue. Other agency assignments have included: 780 Third Avenue and 521 Fifth Avenue. Among the tenants he has represented are: Paine Webber, Bank of Boston, Pitney Bowes, Citibank and Chase Manhattan Bank.

In his new position, Donahue replaces Jim Vanderslice who was promoted to eastern regional director. Vanderslice's territory covers the entire East Coast and includes Texas. Donahue is responsible for the administration of the midtown and downtown offices of the New York operation, which includes some 350 brokers, managers, appraisers and support people.

Evolution in Service

In addition to advising brokers, Donahue said he will be helping his company continue to respond to the "evolution" in service -- the greater need for financial services, the growth of institutional ownership, and the globalization of the industry.

"We have a lot of new challenges as an industry ... the needs are becoming different," he said.

In light of that, Donahue said he will be paying special attention to "matching" brokers and clients based on their talents and needs. Cushman & Wakefield, he notes, now has brokerage arrangements with a real estate service companies in Europe, Mexico, and Canada. They plan to soon complete an arrangement with a Pacific Rim concern.
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Title Annotation:Richard Donahue named New York branch manager for Cushman and Wakefield Inc.
Author:Fitzgerald, Therese
Publication:Real Estate Weekly
Date:Apr 28, 1993
Previous Article:Reconstruction well underway.
Next Article:Leasing team joins Newmark RE Services.

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