Darcy Stacom, Wendy Silverstein Launch Real Estate Advisory Firm StacomSilverstein
February 21, 2025
Darcy Stacom, Wendy Silverstein Launch Capital Markets Advisory Firm
February 21, 2025CRE Heavyweights Darcy Stacom, Wendy Silverstein Launch Advisory Firm
Bisnow, February 21, 2025
By Ciara Long
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Former CBRE investment sales broker Darcy Stacom has partnered with former New York REIT CEO Wendy Silverstein to create a capital markets real estate advisory firm based in Midtown Manhattan called StacomSilverstein.
The company will focus on asset and corporate-level acquisitions, dispositions, debt and equity capital markets, restructuring and bespoke investing.
“Darcy and I coming together, we've clearly got overlap,” Silverstein told Bisnow in a joint Microsoft Teams interview with Stacom. “Between the two of us, we’ve got a broad base of experience that allows us to pivot in a lot of different directions.”
Silverstein’s career has focused on corporate and asset-level restructurings. She stepped in as CEO and president of New York REIT in 2017, overseeing its shareholder-endorsed wind-down and liquidation within 18 months. She also has almost three decades of combined experience in debt restructuring and capital markets positions at Vornado Realty Trust and Citicorp.
In her previous roles at CBRE, Stacom has been involved in some of the biggest deals in history, including the $5.4B sale in 2006 of Peter Cooper Village and Stuyvesant Town and the record-breaking, $2.8B sale of the General Motors Building in 2008.
Stacom left CBRE one year ago to launch her own brokerage, with a client list that includes J.P. Morgan. She brokered Quantum Holdings’ $88M purchase of 767 Third Ave. in January.
Vornado CEO Steve Roth, Silverstein's old boss, endorsed the venture in a statement in the firm's launch press release, describing Stacom and Silverstein as “uniquely qualified and extraordinarily experienced.”
“Clearly these two professionals getting together certainly is a case of the old adage where 1 + 1 = 3,” Roth said. “They will be getting many important and complex assignments from us.”
The pair first worked together in 2015 on the $3.5B recapitalization of Trinity Church's 11-building Hudson Square portfolio in a deal that saw Norges Bank Investment Management come on as a venture partner and Hines later brought in as the operator. The owners have leased parts of that campus to Google and Disney.
StacomSilverstein has already handled one high profile, complicated transaction, representing lender Rexmark in negotiations with Amtrak over the government-owned rail operator's takeover of Union Station in Washington, D.C.
“They were negotiating a decision that had been made under eminent domain with Amtrak for the purchasing of the real estate, and then eventually resulted in a substantial settlement in their favor,” Stacom said. "They needed somebody with a good name that could handle what could have ended up being a court setting."
Amtrak agreed this month to pay Rexmark $505M for the station's commercial real estate, although the property's former owner, Ashkenazy Acquisition Corp., is trying to block the deal, the Washington Business Journal reported.
The firm is looking to pick up a piece of the action on similarly complex and unique deals anywhere in the U.S. The pair is especially keen to work in the “ultra high net worth offshore space,” Stacom said.
“There's a real lack of clarity in the market right now,” she said. “Bad real estate is bad real estate. It could be like that sardine can that you keep trading, and trading, and trading, and nobody opens — but that's a risky investment. Those are the types of things that we can help people understand and not feel the pressure.”
