June 8, 2022
The Louis Smadbeck Memorial Broker Recognition Award Honors REBNY Broker for Personal and Professional Integrity, Prominence and Long-Term Leadership in the Industry
NEW YORK, NY – The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, will honor CBRE Chairman and Head of NYC Capital Markets Darcy Stacom with its prestigious Louis Smadbeck Memorial Broker Recognition Award. Established in 1991 by REBNY’s Commercial Brokerage Divisions, the award honors a REBNY broker for personal and professional integrity, long-term leadership, prominence in the brokerage community and participation in REBNY's committees. Named for an exemplary broker who died shortly after being selected to receive it, the award will be presented at “New York Forever: A Celebration of Our City,” REBNY's premier annual event that will be held this year on June 23.
In her more than 40 years working in the commercial real estate industry, Stacom has completed well over $145 billion in sales, financing, joint venture, leasehold and development transactions. Two prominent deals spearheaded by Stacom, the $5.4 billion sale of Peter Cooper Stuyvesant Town and the $2.8 billion sale of the GM Building, stand as the largest of their kind in history.
Darcy Stacom is devoted to her industry leadership. A member of the Board of Governors for REBNY, Stacom is Co-Chair of the Diversity Committee, where she shines a spotlight on the importance of increasing diversity within the industry.
“Simply put, the skyline and make-up of REBNY as we know it today would not be the same without Darcy Stacom,” said REBNY President James Whelan. “She is a titan in our industry whose professional accomplishments are only matched by her efforts to introduce the opportunities offered by real estate to a wider and more diverse range of individuals.”
As a Board Member for New York University’s Schack Institute she co-organizes the annual Women in Real Estate conference, the industry’s most prestigious professional conference for women in commercial real estate. On the Board and Executive Committee of Phipps Houses, she works to preserve and develop much needed quality affordable housing.
“It is an honor to be recognized by REBNY and its members for my career, and specifically the recognition this award signals for the integrity and leadership I bring to my work every day,” said Stacom.
Major transactions involving Stacom over the last year include SL Green Realty Corp’s $445 million acquisition of 450 Park Ave., Nuveen Real Estate and Norges Bank Investment Management’s $290 million sale of 475 Park Ave. and Equity Residential’s $266 million 140 Riverside Blvd. In 2021, Stacom and William Shanahan won REBNY’s Most Ingenious Deal of the Year Award for the $900 million sale of 330 Madison Ave.
Darcy Stacom will be one of several honorees at the annual event. A portion of event proceeds will go to the REBNY Foundation, which is helping to increase diversity and inclusion in the real estate industry through ongoing initiatives such as the REBNY Fellows Leadership Program in partnership with Coro New York and REBNY’s Internship Program in partnership with Project Destined and the City University of New York (CUNY). The REBNY Foundation also supports the non-profit Building Skills New York, which connects New Yorkers from historically underserved communities with good construction jobs and career opportunities. Additionally, REBNY’s new partnership with the non-profit NY Forever on this year’s event will help to amplify the work of an array of citywide volunteer and philanthropic initiatives promoted through the NY Forever network.