For Burnham, the move provides its professionals direct accessto a premier, full-service platform of 215 offices in 56 countries.A spokesperson from Cushman & Wakefield tells GlobeSt.com thatno further terms of the agreement can be disclosed at this time.Burnham also could not confirm terms of the transaction.
[IMGCAP(2)]"Burnham is the industry prototype for the premierregional firm," says Bruce Mosler, president and CEO of Cushman& Wakefield in a prepared statement. "Our clients expect thebest representation everywhere they conduct business, and itsstrategic acquisitions of firms like Burnham that have helpedCushman & Wakefield to expand its reputation for excellencelocally and globally."
Burnham Real Estate was founded in 1891 and has 250professionals and employees operating from three offices in SanDiego County, one in South Riverside County/Temecula and one in LasVegas. The company's total estimated 2007 brokerage and financetransaction volume is $3 billion. Burnham Real Estate president andCEO Stath Karras says that becoming part of the respected Cushman& Wakefield brand is a tremendous opportunity for Burnhamclients, professionals and employees. Karras will serve asexecutive managing director of the Cushman & Wakefield SanDiego operation, which after Jan. 1, 2008, will include the threeformer Burnham Real Estate offices, under the Cushman &Wakefield brand.
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