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Cushman & Wakefield (NYSE: CWK) has acquired Cresa Partners in Los Angeles, enhancing its occupier and project management services. Cresa operates from three offices in Los Angeles County and employs over 40 professionals specializing in commercial real estate services for various sectors. This strategic acquisition is expected to strengthen CWK's local and regional service offerings. Executives from both companies emphasized the cultural alignment and the goal of improving client services while expanding business capabilities.
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Acquisition of Cresa Partners enhances CWK's occupier services and project management capabilities.
Cresa's team consists of over 40 experienced professionals, strengthening CWK's market position.
Strategic priority for CWK aims to improve client service and expand business.
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None.
Acquisition bolsters Occupier and Project Management services locally
LOS ANGELES--(BUSINESS WIRE)--
Cushman & Wakefield (NYSE: CWK) announced the firm has acquired Cresa Partners of Los Angeles, Inc. (“Cresa”). Cresa’s operations comprise three Los Angeles County offices located in West Los Angeles, Woodland Hills and Westlake Village.
Representing occupiers exclusively, Cresa professionals have extensive experience providing commercial real estate services to clients in diverse industries, including entertainment, technology, interactive entertainment, professional services, biotech and transportation. The team comprises over 40 professionals, made up of occupier representatives and project managers.
“This is a significant milestone for Cushman & Wakefield, and we are excited to add the depth of occupier services talent this exceptional group from Cresa offers. Our platform locally as well as regionally is now even stronger and more robust,” said Dan Broderick, President of the West Region for Cushman & Wakefield. “The group’s reputation for professionalism, collaboration, teamwork and integrity is perfectly aligned with Cushman & Wakefield’s culture. They are known for building strong relationships with their clients based on a deep level of trust, and for working cooperatively with brokerage professionals around the country.”
“Our ongoing goal is to continuously improve client service while strategically growing our business. This acquisition marks a tremendous achievement in this effort,” added Phil Brodkin, Managing Principal of Cushman & Wakefield in Los Angeles. “I look forward to working with each of these new colleagues who are a great fit with our culture and will continue to make Cushman & Wakefield the preferred brand in the industry.”
Matthew Miller, former Managing Principal at Cresa and now Executive Vice Chairman with Cushman & Wakefield, said, “This acquisition was a strategic priority from both sides and will greatly benefit our talented professionals. Cushman & Wakefield has a great culture, values and vision and we are all excited about this new chapter in our careers and the opportunity to offer our clients a broader range of services on a larger platform.”
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
