Cushman & Wakefield Acquires Cresa Partners of Los Angeles
Cresa’s operations include more than 40 professionals across three offices in Los Angeles County.
LOS ANGELES, CA – Cushman & Wakefield has acquired the real estate agency Cresa Partners of Los Angeles Inc.
Cresa’s operations include three offices in West Los Angeles, Woodland Hills and Westlake Village, all within Los Angeles County.
Cresa, which exclusively represents occupiers, provides commercial real estate services to clients across industries, including entertainment, technology, interactive entertainment, professional services, biotech and transportation. The firm encompasses more than 40 occupier representatives and project managers.
“This is a significant milestone for Cushman & Wakefield, and we are excited to add the depth of occupier services talent this exceptional group from Cresa offers,” says Dan Broderick, president of Cushman & Wakefield’s West region. “Our platform locally as well as regionally is now even stronger and more robust.”
Broderick adds, “The group’s reputation for professionalism, collaboration, teamwork and integrity is perfectly aligned with Cushman & Wakefield’s culture. They are known for building strong relationships with their clients based on a deep level of trust, and for working cooperatively with brokerage professionals around the country.”
Cresa has parted ways with the West Los Angeles affiliate office after maintaining the entity for years. The firm continues to utilize its downtown Los Angeles office as a part of its US operations.
Cresa’s former managing principal Matthew Miller now serves as executive vice chairman at Cushman & Wakefield.
Miller states, “This acquisition was a strategic priority from both sides and will greatly benefit our talented professionals. Cushman & Wakefield has a great culture, values and vision and we are all excited about this new chapter in our careers and the opportunity to offer our clients a broader range of services on a larger platform.”
“Our ongoing goal is to continuously improve client service while strategically growing our business,” states Phil Brodkin, managing principal of Cushman & Wakefield in Los Angeles. “This acquisition marks a tremendous achievement in this effort. I look forward to working with each of these new colleagues who are a great fit with our culture and will continue to make Cushman & Wakefield the preferred brand in the industry.”