Colliers International adds MD to Capital Markets team
Global commercial real estate services and investment management firm Colliers International Group has hired dealmaker Peter Nicoletti as Managing Director, Head of New York City Capital Markets.
Widely regarded as one of the most successful professionals in the industry, Nicoletti brings 30 years of experience, strong relationships and expertise to Colliers as the firm strengthens its global capital markets business.
Nicoletti’s appointment is the latest example of Colliers’ rapid growth in the investment sales and debt & equity business lines in recent years. In addition to Nicoletti, Colliers recently hired Boston-based Managing Director Frank Petz, who previously served as JLL’s head of New England capital markets. These new hires round out an already robust capital markets platform including Jacklene Chesler in New Jersey. The firm also recently acquired a controlling interest in Dougherty Financial Group LLC to further strengthen its US debt and agency finance platform.
“Pete Nicoletti is one of the most accomplished and forward-thinking professionals in the business,” says David Amsterdam, President, Capital Markets and Northeast Region. “His experience across multiple verticals within capital markets is unparalleled and his record of completing some of the largest investment sales in recent memory as well as several multi-billion dollar portfolio and loan sales is tremendous. Adding professionals like Pete will further establish Colliers in the region and across the country and attract the talented, entrepreneurial individuals we’re looking for to help us continue to grow.”
“We have a unique opportunity to grow the capital markets platform at Colliers around strong leadership and build a talented framework of professionals in New York City,” says Nicoletti. “Colliers’ brokerage model encourages innovative thinking, collaboration and transparency. This team-first culture will allow us to execute at the highest level, expand our business lines and add talented individuals, creating a capital markets platform unlike any in the market today.”
Prior to joining Colliers, Nicoletti spent nearly 13 years at JLL, where he is credited with building and leading three of the firm’s highest-performing capital markets business lines and developing the platform into one of the top global brokerage teams. During his time with JLL, he executed over USD36.5 billion in transaction volume — including more than a dozen deals each valued at over USD500 million — yielding USD213 million in revenue. Select transactions led by Nicoletti include the USD2.5 billion sale and USD1.1 billion financing for the Swedish Pension Fund as well as the marquee sale and financing of Five Bryant Park on behalf of the Blackstone Group to Savanna. He completed multiple billion-dollar portfolio sales and financings for several clients including TA Realty, Atlas and Hines US REIT. He also led the financing for some of the highest-profile condo tower developments in New York City as head of JLL’s mortgage brokerage business, which he created.
Nicoletti adds to Colliers expertise in investment sales, loan sales, distressed asset resolution, debt brokerage and equity placement. In his new role, he will lead sales while also overseeing debt and equity placement with a specific focus on New York City. With several significant hires over the last 9 months throughout the region, Colliers has been one of the most active brokerages expanding in the New York Tri-State, Boston and D.C. with plans to continue expansion over the next several years.