Cushman & Wakefield plc Ordinary Shares - CWK STOCK NEWS

Cushman & Wakefield (NYSE: CWK) has acquired substantially all assets of North by Northwest Consulting (NxNW), a leading valuation services firm based in Hickory, North Carolina. Founded in 2013, NxNW specializes in right of way valuation services across North Carolina, Tennessee, and Virginia, serving property owners, financial institutions, and government agencies. This strategic acquisition aims to enhance Cushman & Wakefield's Valuation & Advisory practice, particularly in large-scale infrastructure projects, responding to the rising demand driven by recent congressional funding.

Cushman & Wakefield (NYSE: CWK) has acquired Pacific Commercial Realty Advisors (PACCRA), enhancing its presence in Central California and Idaho. The acquisition includes PACCRA's offices in Bakersfield, Fresno, Santa Clarita, and Boise. PACCRA has been an alliance member with CWK since 2012 and boasts over 40 experienced brokers specializing in various commercial real estate services. This strategic move aims to leverage PACCRA's expertise and provide expanded resources and services to clients, solidifying CWK's commitment to collaboration and innovation in the real estate sector.

Cushman & Wakefield (NYSE: CWK) successfully arranged $235 million in permanent financing for Buildings E and G at the Linden Logistics Center in Linden, New Jersey. The financing, provided by Northwestern Mutual, supports two Class A facilities totaling over 1.32 million square feet. This 10-year, fixed-rate loan reflects the project’s quality and market demand, with construction of a second phase adding another 1.6 million square feet expected to commence soon. This development positions CWK as a key player in the thriving U.S. industrial market.

Cushman & Wakefield (NYSE: CWK) has facilitated the sale of two cold storage warehouse facilities in Miami, covering approximately 315,000 square feet for around $74 million. The properties include a 235,000 square foot facility sold by Ivy Realty and another 80,000 square foot facility sold by a joint venture of Ivy Realty and J.P. Morgan Global Alternatives. The buyer, a partnership between Banner Property Group and an institutional investor, secured $55.7 million in financing from AEW Capital Management, reflecting strong demand in the cold storage market.

Cushman & Wakefield (NYSE: CWK) has successfully arranged the sale and financing of SouthPark Center, a 1.25 million square foot office park in Orlando, Florida, for $315 million. The transaction involved AEW Capital Management as the seller and PPF Real Estate as the buyer, who has invested over $500 million in U.S. real estate this year. Cushman & Wakefield played a pivotal role in securing $233 million in acquisition financing for the deal. This acquisition underscores PPF Group's strategy to invest in large portfolios with strong cash flows.

Cushman & Wakefield (NYSE: CWK) has appointed John O’Neill as President of U.S. Multifamily Capital Markets, effective immediately. O’Neill previously led the firm’s U.S. Central region and will continue working from Atlanta. His focus will be on enhancing the multifamily capital markets service line and leveraging a strategic joint venture with Greystone, where CWK holds a 40% stake in Greystone’s Agency, FHA, and Servicing businesses. This move follows CWK's acquisition of Pinnacle Property Management Services, reinforcing its position in the multifamily sector.

Cushman & Wakefield (NYSE: CWK) has finalized a strategic investment of $500 million in Greystone, acquiring a 40% stake in its Agency, FHA, and Servicing businesses. This partnership aims to enhance advisory services and capital solutions for clients nationwide. Greystone will leverage the investment to develop innovative products and expand its offerings. The collaboration will provide Cushman & Wakefield's clients with better access to a wide range of debt products, strengthening their multifamily platform in the U.S.

Cushman & Wakefield (NYSE: CWK) has successfully arranged the $75 million sale of the Country Club apartment community, comprising 454 units in Charlotte, North Carolina. The transaction was facilitated by Watson Bryant and Brooks Colquitt, representing the seller, JEM Holdings. Jessica M. Saks, COO of JEM, noted the successful execution of a value-add strategy in a rapidly growing market. The property is well-positioned for future rental growth with limited nearby supply, according to Colquitt. The firm has a robust market presence, ranking No. 1 in Sunbelt market share with $6.2 billion in multifamily and land sales in 2020.

Cushman & Wakefield (NYSE: CWK) acted as the exclusive advisor for Lincoln Equities Group and PCCP, securing $107.4 million in acquisition and construction financing for the Bayonne Logistics Center – Building 100 in Bayonne, NJ. The financing was provided by Brookfield for a 332,640-square-foot industrial complex on a prime 45.4-acre portside site. Construction completion is expected in October 2022. This project capitalizes on the strong demand in the Port region’s industrial market.