Noble Carpenter and Bart Steinfeld Join Cassidy Turley to Expand Market-Leading Capital Markets Platform

Industry Veterans Join as Executive Managing Directors in New York City Office

Published on January 19, 2011


New York, NY – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it has hired Noble Carpenter and Bart Steinfeld to lead its capital markets expansion into key markets across the country. 

Mr. Carpenter and Mr. Steinfeld join Cassidy Turley from Jones Lang LaSalle (JLL) in New York City and have an average of 25 years of experience in capital markets transactions in New York and across the country.  Proven capital markets leaders, in the last 5 years, they have sold or financed in excess of $10 billion of commercial real estate transactions. The two will work closely with Cassidy Turley’s William Collins, Executive Managing Director of Capital Markets, and Peter Hennessy, President of the New York Tri-State Region, to develop a fully integrated national capital markets platform. They will provide investors and users with the full spectrum of capital markets services, including investment sales, debt placement, structured finance, recapitalizations, joint venture equity, development financing and note sales. Both will operate from the firm’s New York City office.

“The addition of Noble and Bart is a critical step in thoughtfully expanding the company’s capital markets platform. Our goal is to provide clients with optimal capital strategies and focus on key markets, including New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Washington, DC,” stated Mr. Collins.  “We are committed to meeting our clients’ needs, and are dedicated to enhancing our industry-leading capital markets business.”

“Our commercial real estate business in the New York Tri-State region will only get stronger with Noble’s and Bart’s added capabilities,” commented Mr. Hennessy.  “Bolstering our capital markets services gives us the ability to generate more revenue growth opportunities for our clients both in New York and across the country.”

Mr. Carpenter and Mr. Steinfeld most recently served as International Directors for JLL, where they were senior members of the firm’s Real Estate Investment Banking Group, focusing on note sales, debt restructuring and workouts. Over the last two years, they had primary transaction responsibility and oversight for strategic advisory assignments totaling over $6 billion of distressed assets, performing and non-performing note sales of nearly $4 billion and various financings in excess of $1 billion. Significant assignments have included the asset management of a $1.25 billion portfolio of whole loans, b-notes and mezzanine loans for State Street Corporation; the sale of performing and non-performing loans for such clients as Eurohypo, HSH Nordbank, Morgan Stanley and TIAA-CREF; and the sale of small balance loans from various CMBS servicers and commercial banks though an auction platform with their joint venture partner REDC.

An employee of JLL for 23 years, Mr. Carpenter has extensive investment sales and cross border transaction experience. Most recently, Mr. Carpenter headed JLL’s Note Sale practice. He received his MBA from Northwestern University’s Kellogg School of Management and his BA from Colby College. He serves on the Advisory Board for the Association of Foreign Investors in Real Estate and served as Vice-Chairman for the Global Exchange Council of the Urban Land Institute.

While at JLL, Mr. Steinfeld led the firm’s Asset Resolution Services practice. Before assuming that role, he created and led the company’s U.S. Real Estate Investment Banking Group. Prior to joining JLL, Mr. Steinfeld was Co-founder and Principal of Apogee Associates, LLC, a boutique real estate investment banking and capital markets advisory firm, and held senior positions at various investment banks, including Credit Suisse. Mr. Steinfeld holds a JD from Yale Law School and a BA from Yale University.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with over 2,800 professionals in 60 offices nationwide. The firm completed transactions valued over $13 billion in 2009, manages over 427 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, corporate services, project leasing, property management, project and development services, and tenant representation. Outside of North America, Cassidy Turley has served the international needs of its clients since 1985.  In 2010, the firm enhanced its global service delivery through its partnership with GVA Grimley. The firm recently ranked in the Top 10 on the Lipsey Co.’s Commercial Real Estate Top Brands Survey, and was ranked #1 by Real Estate Alert for Office Sales in 3 of the Top 6 Markets.  Please visit www.cassidyturley.com for more information about the company.

Maureen Wheeler
202-463-1138

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