NEW YORK CITY—Cushman & Wakefieldreportedly has beat out its many competitors and is about toacquire investment sales brokerage Massey Knakal RealtyServices for $100 million.

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The deal for a full stake is expected to close Friday, accordingto the New York Observer reported, citing unnamed sources.Massey Knakal hired Perella Weinberg Partnersto sell a 49% non-controlling stake in the firm last month.

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Massey Knankal CEO and founding partner PaulKnakal declined to comment to GlobeSt.com. A Cushmanspokesman only would say, “Massey Knakal is one of the premierereal estate brokerage and advisory services firms but as a matterof policy we do not comment on market rumors or speculationregarding potential strategic transactions.”

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However, an email from Massey to brokerage staff that wasobtained by the Observer denied that any deal had beencompleted. “We'll let you know when there is actual news,” hesaid.

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There reportedly were more than 10 industry firms vying topurchase some or all of Massey Knakal. CBRE Groupand DTZ reportedly were among the interestedbuyers.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.