Rob Rubano, Gideon Gil and John Alascio

With a total transaction volume of $21.3 billion for the period from March 1, 2025, to March 1, 2026, Cushman & Wakefield soared above its previous year total of $12.8 billion.

While this may seem to indicate an influx of new business, Rob Rubano said that C&W profited from a steady flow of long-term clients that already understand the advantages of working with the firm — which includes executive colleagues Gideon Gil and John Alascio. 

“I wouldn’t say we saw a significant uptick in transaction volume,” said Rubano. “When I look at 2025 across our platform, it was more heavily weighted towards refinance volume, and that includes everything from large, cross-collateralized SASB pools to smaller individual assets across asset classes.”

Rubano’s team at C&W saw strong volume across asset classes, including $7.8 billion in multifamily, $6.2 billion in industrial and $3.3 billion in office.

Some of the team’s larger loans included $1.625 billion for one pool of industrial properties and $950 million for a separate, similar pool, as well as $900 million to finance the office building at 28 Liberty Street and $800 million to refinance 550 Madison Avenue.  

Rubano said the company’s current success revolves around serving its largest clients in an overall advisory capacity.

“Our average loan size last year was somewhere in the $60 million to $70 million range, and looking at it across our peer group, that’s where we want to be,” said Rubano. “We think of ourselves as advisers, not brokers. As a true adviser, you want to focus a portion of that advisory service on the larger clients that are always transacting, regardless of what the macro environment is. So I’m proud of how our business has continually moved in that direction. That’s been a consistent theme for the seven years I’ve been here, and it shows up in the numbers.”