by Eric B. Lewis, MAI, FRICS
President, Valuation & Advisory Americas
We’re recognizing the individuals within our Valuation & Advisory (V&A) group who have hit major anniversary milestones. I had the chance to talk with Phil Cadorette, who has worked at Cushman & Wakefield for the last 20 years…
You’ve been with Cushman & Wakefield for 20 years. What drew you to Cushman & Wakefield originally? And what has made you stay with the company throughout the years?
The people and the culture were the two things that really attracted me to Cushman & Wakefield. Prior to joining I was in the CMBS group at Chase Manhattan Bank and became friendly with many members of the Valuation & Advisory group. Everyone here works hard but we have always been willing to collaborate on ideas to improve.
What aspect of your role do you enjoy the most?
I enjoy being in the field and learning from property owners, clients, and investors about their motivation in purchasing and disposing of properties. Over the past 20+ years I have developed some great friendships with all types of real estate professionals in the Long Island market.
What advice would you give to recent new hires?
The information you learn while working within the Valuation & Advisory Group can be used throughout your life and can be transferred to numerous roles in commercial real estate. Be humble, roll up your sleeves, and take advantage of the opportunity to learn from others that have been in the business for many years.
Name a career lesson you’ve learned along the way?
I’ve learned that it’s important to position yourself as a trusted advisor to your clients. Take the time to help clients even when there is no guarantee of an immediate assignment. As a former banker, I realize that sharing your market knowledge to help clients make an informed lending decision is good business. Clients appreciate the truth even if that means they should pass on a deal that does not make sense for them at that time.
What does a typical day look like for you?
I don’t know if there is a typical day but often I’ll inspect properties for one or two days a week and focus on writing the balance of the week. Late nights are the norm for me as unexpected calls and requests can cut into my writing during the day.
What was the most interesting or unique assignment you’ve been a part of?
George Rago and I appraised a seminary in Allentown, Pennsylvania. The priests were so interested in our business they basically followed us the entire day and had hosted a lunch for us with the other priests in their cafeteria.
When you’re not out inspecting an asset or writing a report, what do you like to do?
I enjoy traveling, car shows, concerts, golf, and cooking for our friends and family. We own Park Avenue Tennis, an indoor tennis club that my wife manages so the entire family also plays tennis. Over the years we have been actively involved in a few charities including Harry Chapin’s – Long Island Cares (provides meals for people on Long Island). We also participate in an annual charity Polo Event for Molly’s House in Stewart, Florida. Molly’s House provides housing to families, so they can stay together as a family unit during prolonged treatments. For the past 7+ years our family has also been involved with the “Mum Ball” black tie fundraiser for Martin Memorial Hospital in Stewart, Florida.
Eric Lewis is the President, Valuation & Advisory Americas. In this role, Eric is responsible for the overall operations of the Americas V&A group, which spans 640 professionals across 6 core services, 17 practice groups, and 70 offices. He drives the primary business objectives and activities for V&A in the Americas, including our aggressive growth and technology initiatives. In 2018, the group appraised more than 56,660 properties valued at over $832 billion USD.