Darcy Stacom, one of the most powerful figures in New York City real estate, is leaving brokerage firm CBRE after 22 years in a further sign of the crisis upending commercial property.
Stacom, dubbed the Queen of the Skyscrapers for her record-breaking sales of Manhattan towers, is starting a boutique advisory firm, Stacom CRE, to guide clients through a real estate market that is now in turmoil after a generation of rising valuations.
“Commercial real estate in New York and globally is in transition, and that provides a great opportunity for a new, nimble boutique advisory firm in this space,” Stacom said, adding that many properties would need “restructuring, repositioning and rethinking”.
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