Cushman & Wakefield Expands Southwest Data Center Platform with Returning Industry Veteran Mark Bauer and Team

NEW YORK--(BUSINESS WIRE)--Oct 29, 2026--

Cushman & Wakefield (NYSE: CWK) has strengthened its data center capabilities with the addition of specialized advisory experts led by Mark Bauer, an industry veteran with nearly three decades of experience in data center real estate and digital infrastructure strategy.

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As Executive Vice Chairman, Bauer joins Cushman & Wakefield’s Phoenix office with Managing Director Clark Bauer, Senior Associate Valeria Galindo, and Brokerage Specialist Bridgette Kiefer, bringing together a team focused on serving data center tenants, landlords, developers, investors, and operators.

The team specializes in multi-tenant data centers and advises clients on leasing, acquisition, investment, development and land transactions. Their collective experience spans work with Fortune 500 companies, hyperscale and enterprise data center operators, as well as many of the industry's leading developers. Leveraging deep technical knowledge and longstanding industry relationships, the team provides strategic guidance across the full lifecycle of data center projects and digital infrastructure portfolios.

“As the data center sector continues to play a critical role in the digital economy, we are excited to welcome a team with such impressive experience and market credibility,” said Bryon Carney, Managing Principal for Cushman & Wakefield in Phoenix. “Their expertise expands our capabilities in a key growth area and reinforces our commitment to delivering best-in-class solutions for clients. We look forward to the impact they will bring and the continued success we will achieve together.”

Mark Bauer’s data center career began at Cushman & Wakefield in the late 1990s, where he launched the firm's original Southwest data center platform. He later built up CBRE’s data center platform before joining JLL, where he consistently ranked in the top 2% of brokers globally for deal volume. Throughout a career spanning more than 28 years, focused exclusively on the data center and colocation industry, Bauer has negotiated more than $12 billion in transaction consideration and facilitated over 25 million square feet of transactions.

His expertise includes advising tenants, landlords, buyers and sellers on complex leasing, investment, acquisition and development assignments. He also serves as a high-level consultant to enterprise clients, data center developers, and operators on a global scale, helping them optimize their digital infrastructure strategies and portfolios.

Supporting the platform is Clark Bauer, who specializes in data center site selection and land development, and has experience advising developers, hyperscale users and enterprise tenants on site strategy, land acquisition and tenant representation assignments.

Galindo supports clients in data center leasing, site selection, land acquisition, disposition and agency representation, and Kiefer supports transactions by managing site selection research, market analysis, and deal execution from initial materials through closing.

“I’m extremely excited to return to Cushman & Wakefield with a deeply experienced and well-connected team that’s hyper-focused on data centers,” said Mark Bauer. “In this market, demand is driven less by location than by what a site can deliver: reliable power, municipal support, and a developing workforce. Sites that combine smart development with energy generation are positioned to become high-demand assets. Our team has the expertise to identify, secure, and deliver on all three.”

About Cushman & Wakefield:

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In 2025, the firm reported revenue of $10.3 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.

Mark Bauer

LOS ANGELES (AP) — Binance, the world’s largest cryptocurrency exchange, said Thursday it’s investigating reports of a potential security issue as its founder said the incident “does look like a hack on Binance.” The company said cryptocurrency firms had frozen more than $2.5 billion in funds by Thursday evening.

It wasn’t immediately clear the extent of the damage hackers might have been able to accomplish and Binance had not explicitly confirmed that funds had been pilfered.

“Rest assured that user funds are completely safe,” a Binance spokesperson said in a statement.

“Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information,” the statement continued.

The company wrote on its X account about two hours after its initial disclosure that the current verified total of frozen funds was $2.54 billion.

“This figure may continue to increase as our teams work closely with law enforcement, issuers, blockchain intelligence firms and industry partners to trace and freeze additional assets,” the company wrote.

Stablecoin providers Tether and Circle each said they froze funds Thursday in response to the incident.

Jeremy Allaire, co-founder and CEO of Circle, wrote on X that the company had frozen the equivalent of more than $800 million in currency associated with the incident “in coordination with law enforcement.” Tether CEO Paolo Ardoino said on X that the company froze the equivalent of more than $1.5 billion in currency related to “a potential Binance exchange hack.”

The price of bitcoin dropped 3.2% Thursday evening to under $79,000.

Binance was founded in 2017 by Changpeng Zhao, who in 2023 pleaded guilty to a felony related to his failure to prevent money laundering on the platform and stepped down as CEO. President Donald Trump pardoned him in 2025.

Zhao posted on X on Thursday that “User funds are safe!” but added that the incident “does look like a hack on Binance.” He added that while he doesn’t manage Binance anymore, “as a shareholder, I expect all user funds will be fully covered.”

Zhao was released from prison last year after being sentenced for violating the Bank Secrecy Act. He was the first person ever sentenced to prison time for such violations of that law, which requires U.S. financial institutions to know who their customers are, to monitor transactions and to file reports of suspicious activity. Prosecutors said no one had ever violated the regulations to the extent Zhao did. Zhao and Binance have been key supporters of some of the Trump family’s crypto enterprises.

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AP Technology Writer Barbara Ortutay contributed.

FILE - The Binance logo is seen on a smartphone, Feb. 28, 2023, in Marple Township, Pa. (AP Photo/Matt Slocum, File)