Cushman & Wakefield today announced John D. Busi has been promoted to Global Head of the firm's Valuation & Advisory (V&A) group. Effective January 1, 2013, he will assume leadership responsibility for the overall business objectives, recruitment goals and growth of services of the firm's 99 V&A offices throughout the world.
Brian Corcoran, will transition from his current role as Cushman & Wakefield's Global Head of V&A to lead the company's robust real estate arbitration practice in New York. Moving forward, Mr. Corcoran will focus on representing major Manhattan property owners on arbitrations, valuations, rent redeterminations, and complex litigations.
"We are delighted to announce this seamless transition in leadership for our Global V&A group," said Glenn Rufrano, President and CEO of Cushman & Wakefield. "Working as close partners, for more than 25 years Brian and John have led strategic initiatives that built our V&A platform into one of the largest fully integrated real estate valuation and consulting organizations in the world. We thank Brian for his valuable contributions over the years and we look forward to John's contributions as part of the firm's Management Committee."
Mr. Busi joined Cushman & Wakefield in 1981 in the firm's Property Accounting Group in New York and in 1990 assumed a leadership role in the New York V&A practice. In 2004, he assumed national oversight responsibilities where he was instrumental in doubling the firm's office network in the U.S.
Under Mr. Busi's leadership, the group refocused its platform to adapt to asset class specialization and introduced nearly 20 new Specialty Practice Groups. Mr. Busi also led the launch of a state-of-the art technology initiative and built an industry leading Quality Control platform. As he assumed the role of Head of V&A for the Americas region, he was active in the continued globalization of the firm's management structure while guiding organizational growth in the Americas region.
Mr. Busi's global management team includes; Global Co-head Rupert Dodson, overseeing V&A in EMEA; Simon Lynch, head of V&A, APAC; and an Americas team led by Nicole Bradley (U.S.), Scott Chandler (Canada), Marcelo Santos (South America) and Juan Carlos Ulloa (Mexico/Central America).
Mr. Busi is a Designated Member of the Appraisal Institute and a Fellow of the Royal Institution of Chartered Surveyors (FRICS). He is a former President of the Metropolitan New York Chapter of the Appraisal Institute and a past recipient of the Appraisal Institute's "Person of the Year" award. An associate Member of the Urban Land Institute, Mr. Busi holds a B.S. from Long Island University's School of Business Administration.