LOS ANGELES—Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Travers Realty Corp. has merged with Cresa. The combined company will operate under the name of the Travers Cresa with 150 employees in the western region and more than 1,000 employees internationally, including new comers like Steven Edlefsen. Travers Cresa will be headquartered in Downtown Los Angeles at Travers Realty Corp.’s former headquarters.

Although Travers Realty Corp. and Cresa have been longtime competitors—the two firms are leading tenant representation companies—they are both strong tenant advocates and share a similar culture and goal. For that reason, according to Cresa managing principal Gerald Porter, this deal was a particularly good fit. “The obvious synergy created by combining the firms’ formidable talent and experience in tenant representation was a compelling driver to consummate this deal,” he says. James Travers, Travers Realty founder and new managing principal Travers Cresa and board member of Cresa Los Angeles Board of Directors, echoes those thoughts, explaining that the firms have a “similar corporate values, commitment and focus” paired with a “talented and experienced brokerage team.”    

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.