Power Broker
Douglas Harmon
Co-Head of U.S. Capital Markets, Newmark
New York, NY 10017
Douglas Harmon currently serves as Co-Head of U.S. Capital Markets at Newmark.
Phone (212) 850-5429
Douglas Harmon currently serves as Co-Head of U.S. Capital Markets at Newmark.
Specialties
Investment Sales Broker
Property Types
Hospitality, Industrial, Office, Retail, Flex, Multi-Family
Markets
Long Island (New York), New York City
Languages
English
Bio
Doug Harmon is the Co-Head of Capital Markets for Newmark, based in New York City.
Since the beginning of his real estate career in 1985, Harmon has been a prominent leader in New York City and a trusted advisor on the international real estate scene. Harmon has handled most of the world’s largest, highest-profile and record-setting transactions over the last three decades with a total career to date transaction volume of over $300 billion. Harmon has sold both the largest office and residential transactions in history as well as most recently the largest loan portfolio sale in history through the sale of the failed Signature Bank on behalf of the FDIC. Harmon is also the current record holder for several of the highest dollar per square foot sales across multiple asset classes.
Throughout his career, Harmon has led the investment sales teams at Eastdil Secured, Cushman & Wakefield and now Newmark, leading each firm to the top of the charts in transaction volume during his tenure. Harmon was a Senior Managing Director and member of the Management Committee at Eastdil Secured, where he worked from 1993 to 2016, perennially leading the firm to be the #1 investment sales leader in NYC. From October 2016 through 2022, alongside his partner Adam Spies, Harmon served as the Chairman of Global Capital Markets at Cushman & Wakefield. For the five years from 2018-2022, the team led C&W to take over the top market share across all asset classes in NYC Metro with over $55 billion in transactions. In February of 2023, Harmon alongside his full team made the move to Newmark. In less than one year, the team once again took the firm to the #1 spot of transaction volume for sales in NYC for 2023.
Harmon’s real estate transaction experience is broad and extensive, with a resume that includes well-known office properties like the Sears / Willis Tower in Chicago, the Bank of America Center in San Francisco and the GM Building in New York City; to major residential assets such as Peter Cooper Stuyvesant Town, Starrett City, Parkmerced, and The Apthorp; to iconic hotels such as the Waldorf Astoria and the Chelsea Hotel. Furthermore, Harmon has been a pioneer in transacting in what are now Manhattan’s most exclusive submarkets. Just a few examples include the Chelsea Market, Google’s NYC Headquarters (111 Eighth Avenue), the Starrett-Leigh Building, Time Warner Center, The Toy Buildings, 10, 20 and 30 Hudson Yards for a combined $3.5 billion in Hudson Yard’s sale proceeds. Finally, Harmon and his team led the disposition of Signature Bank’s Loan Portfolio in 2023, representing the largest loan sale assignment in history. The assignment included multiple components of Signature Bank’s business lines including $18 billion of subscription line loans to credit-quality borrowers, which sold for 99 cents on the dollar, as well as $33 billion of real estate backed loans, the largest real-estate portfolio marketed in history.
Education
