It's Official: Cushman & Wakefield, Cushman Realty Tie the Knot

LOS ANGELES-Real estate giant Cushman & Wakefield officially took control of LA’s Cushman Realty Corp. today, formalizing a merger that GlobeSt.com exclusively reported more than three months ago was destined to occur.

In completing the acquisition, New York-based C&W will absorb Cushman Realty’s 11 offices and about 200 Cushman Realty employees. The acquisition means that C&W will roughly double the number of its Southern California brokers, to 170.

GlobeSt.com reported in early April that C&W had reached an agreement to buy Cushman Realty. Cushman Realty’s top execs first denied that an agreement had been reached, but called GlobeSt.com back a few hours later to instead say that they had “no comment” on the story about to be published.