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Cushman & Wakefield cut ties with Trump Organization

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“Cushman & Wakefield has made the decision to no longer do business with the Trump organization,” the Chicago-based real estate services company said in a statement.

A spokesperson did not respond to follow-up questions. The Trump organization also did not respond to a request for comment.

The company has been a Cushman client for years, particularly in New York City, where the brokerage firm manages leasing at Trump Tower and 40 Wall Street, two of Trump’s large office buildings. Adding to the embarrassment: Donald Trump’s nephew, Fred Trump III, has worked for Cushman since 2017 as an office rental broker in New York.

In Chicago, Cushman took on one of the city’s toughest rental assignments when the Trump organization hired her to market the commercial space at Trump International Hotel & Tower. Former brokers tried but failed to find tenants for the space at the bottom of the 92-story skyscraper, which also includes a hotel and condominiums.

Brokers say the space is misconfigured and not close enough to the North Michigan Avenue shopping district, and that Trump’s name has become so polarizing that many potential tenants want nothing to do with it.

The Trump brand is even more of an outcast today, as the US House of Representatives considers a proposal to impeach the president for the Capitol bombing. The PGA of America has decided to withdraw its 2022 championship from a Trump golf course in New Jersey, and Deutsche Bank, the Trump organization’s long-time lender, has decided to stop doing business with the developer.

Chicago-based Jones Lang LaSalle, who the company hired last year to sell its Washington hotel, has also severed ties with the developer.

“Our previous listing agreement with the Trump Organization to sell their hotel in Washington, DC has expired and we no longer do business with them,” JLL said in a statement.

Donald Trump handed over the management of his business to his two sons, Don Jr. and Eric, after assuming the presidency in 2017, but he remained the primary owner of several of his properties. It is unclear what role he will play in the Trump organization after he abandons the White House next week to Joe Biden.

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