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


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.


Massey Knankal CEO and founding partner PaulKnakal declined to comment to 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.”


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.


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.