As part of the agreement, CRA will also inherit three senior academic consultants, a vice president, and other consultants; staff acquisition is ongoing and the total number is yet to be finalized. Financial terms of the deal were not disclosed, but the buy is expected to be accretive to earnings in FY2001.
"This acquisition is a strategic complement to our existing core practice areas," states Phil Cooper, CRA's VP of corporate development. "Not only does it strengthen several of our vertical practices, it enhances our geographic presence on the West Coast."
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
