Commercial brokerage Cushman & Wakefield has a new head for its Orange County operations.
The firm, with about 50 area brokers, 140 OC employees, and nearly $3.5 billion in local sales and lease transactions annually, last week appointed Cody Cannon as managing principal of its Orange County and Inland Empire offices.
Cannon, a Newport Beach resident, counts more than 15 years of industry experience with a focus on capital markets. He previously served as co-executive managing director of the Greater Los Angeles region for fellow brokerage Colliers, where he oversaw seven offices and was the region’s executive leader of the Capital Markets and Debt service lines.
Prior to Colliers, he was a regional manager for Marcus & Millichap. He has also managed his own firm.
Changes at Top
To date, Cannon has transacted over $1 billion in sales volume, according to Chicago-based Cushman, whose local office ranked No. 4 among OC’s largest commercial brokerages last year by transaction volume, according to Business Journal data.
The firm is not alone among local brokerages seeing changes to its local leadership.
OC’s largest CRE brokerage, CBRE, is still on the lookout for a new full-time head for its local operations, after the departure of Kurt Strassman to Irvine-based investor and developer Greenlaw Partners earlier this year.
“We will grow our market share and drive best-in-class results for our clients. I can’t wait to get to work,” Cannon said in a statement.
Outside of commercial real estate, he is involved with Feeding America’s local food banks, including Second Harvest Food Bank of Orange County and Riverside.
Cushman’s prior managing principal for its OC and IE offices, Eric Paulsen, left the firm last year to start a new brokerage firm in Newport Beach, Topside Real Estate. Paulsen subsequently took the regional president role at another brokerage, Kidder Matthews, this July.
Larry Cambra had been running Cushman’s local office on an interim basis following Paulsen’s departure.
Along with Cannon, Cushman last week named Phil Brodkin to the role of managing principal of Los Angeles, overseeing the firm’s Downtown, West L.A., North L.A., and South Bay areas.
Both new hires report to Dan Broderick, president of the West Region for the brokerage, who said the Greater Los Angeles area “is a flagship market for Cushman & Wakefield and a top priority for our firm.”
“Collectively, Phil and Cody will focus on driving performance and ensuring we continue to deliver the best outcomes for our clients across the region,” Broderick said.