Doug Harmon

Co-Head of U.S. Capital Markets

Doug Harmon serves as Co-Head of U.S. Capital Markets. Harmon, with a career trajectory spanning almost four decades, is widely recognized as one of the most creative, influential and respected dealmakers in the real estate industry, having completed transactions totaling over $250 billion in value since 1997.

Harmon and his industry-leading team have been involved in most of the world’s largest, highest-profile and record-setting transactions over the last three decades. He and his partner, Adam Spies, ranked #1 in capital markets in New York for 2022.

Based in Newmark’s headquarters in New York, Harmon joined the company in 2023 from Cushman & Wakefield, where he served as Chairman of Capital Markets. Prior, Harmon and Spies were the top capital markets team at Eastdil Secured.

Areas of Specialty

Capital Markets

Major Transactions

Helmsley Portfolio (1997 – 2000) – In his early 30’s, Mr. Harmon handled the sale of the Helmsley Portfolio, valued at over $5 billion, marking a watershed moment in his career. Major assets included One Penn Plaza, 230 Park Avenue-Helmsley Building, Starrett-Leigh, Park West Village, Greybar Building, 500-512 Seventh Avenue, 140 Broadway, 1466 Broadway, and the Villas Parkmerced.
Peter Cooper Stuyvesant Town (2015) – Sold to Blackstone this iconic, 110 building, 11,250 unit, 80-acre, $5.44 billion residential transaction, marking the largest single real estate transaction ever recorded.
Chelsea Market (2003, 2011, 2018) – Harmon’s latest sale of The Chelsea Market to Google for $2.4 billion in 2018 was New York City’s largest single office / multi-use transaction of all time.
GM Building (2003, 2006) – Sold the GM Building to Harry Macklowe in 2003 for a record-breaking sum of $1.4 billion, at the time the priciest in New York City history, also sold Jamestown’s GM interest in 2006 (Macklowe’s sole partner at the time) at a $2.5 billion valuation.
Bank of America Center / 555 California Street (2005) – Sold Bank of America Center to Hudson Waterfront for $1.05 billion on behalf of Mark Karasick and David Werner.
Apthorp (2006) – Quarterbacked the sale of the Apthorp in 2006, achieving a record for the highest price ever paid on a per-unit basis at $2.4 million plus per unit.
Google NYC Headquarters / 111 Eighth Avenue (2010) – Sold this largest transaction in 2010; at $1.9 billion, it marked the largest NYC transaction of the last few years, the largest single transaction to a user, and a watershed moment for the Midtown South submarket of Manhattan – as Google expanded in the building and completely transformed Chelsea and the Meatpacking District. 200 Fifth Avenue (Eataly) and 1107 Broadway (2007) – Arranged the sale of 200 Fifth Avenue and 1107 Broadway, then known as the Toy Buildings, which have since transformed the Flatiron District of Midtown South.
Sony Building / 550 Madison Avenue (2013, 2016) – Advised the Sony Corporation in their Midtown headquarters sale for $1.1 billion. Sony purchased the building from AT&T in 2002 for approximately $236 million. In 2016, he navigated Ownership through a $1.5 billion sale – the highest price achieved for a vacant office building at $1,800 PSF.
650 Madison Avenue (2013) – $1.35 billion sale representing the largest single-asset sale transaction in 2013.
5 Times Square (2014) – Led this $1.55 billion sale, marking the largest single-asset transaction in 2014.
Three Bryant Park / 1095 Avenue of the Americas (2015) – Sold for $2.2 billion, marketing the largest single-asset transaction in 2015.
450 Park Avenue (2007, 2014) – Achieved the record for the most expensive office building in New York City on PSF basis both times he sold the building, achieving $1,583 PSF in 2007 and $1,700 PSF in 2014.
Sears / Willis Tower (2004, 2015) – Sold this iconic tower in 2004 and again to Blackstone for $1.3 billion in 2015, marking the highest price ever paid for an office building outside of New York City.
Villas Parkmerced (1998, 2005, 2010, 2014) – Sold or recapitalized this deal four different times every year it was the largest multi-family deal in the country. Located in San Francisco, Villas at Parkmerced contains 3,300 units and over 150 acres. The latest sale for $1.5 billion was the largest residential sale in the country since 2006.
Crown Building / 730 Fifth Avenue (2015) – Led the sale on behalf of the Winter and Spitzer families in the $1.775 billion sale. At $4,490 PSF, the 2015 sale sets the record for the highest price ever paid for an office building on a PSF basis.
1211 Avenue of the Americas (2006, 2016) – Sold to Beacon for $1.55 billion and in 2016 recapitalized with Ivanhoe Cambridge at a $1.75 billion valuation.
787 Seventh Avenue (2016) – Sold for $1.95 billion to Calpers / Commonwealth for AXA Equitable Life.
10 Hudson Yards (2016) – Led the complex $2.2 billion recapitalization of 10 Hudson Yards with Allianz buying a 44% joint venture interest from Coach, JPMorgan, and Related.
1515 Broadway (2017) – Sold a 43% interest in the trophy mixed-use asset in the heart of the Times Square Bowtie to Allianz for SL Green at a total valuation of $1.95 billion.
1 Liberty Plaza (2017) – Partnered Blackstone with Brookfield in a 49% / 51% joint venture of the 2.2 million square foot building at $660 PSF, a high watermark for the Downtown Manhattan submarket.
Starrett City (2018) – Arranged the sale and subsequent 2021 recapitalization of Starrett City / Spring Creek Towers, the largest federally subsidized rental housing development in the United States. The 5,881-unit, 150-acre complex was purchased for $905 MM by a partnership of Brooksville / Rockpoint.
Milk Building / 450 West 15th Street (1996, 2004, 2008, 2013, 2019) – Sold this marquee meatpacking building a record five times, the latest in 2019 to Google for $2,000/PSF or $600 million.
711 Fifth Avenue (The Coca-Cola Building) (2019) – Led the $910 million sale of the boutique office and retail asset on behalf of The Coca-Cola Company. This sale represents the first time the property had ever been offered to the market.
30 Hudson Yards (2019) – Sold at a $2.155 billion price tag this sale marked the largest single sale leaseback in history.