NEW YORK CITY—Cushman & Wakefield confirmed late Monday that it purchased Massey Knakal Realty Services. Neither firm has divulged the price of the transaction but, as previously reported, the cost is believed to have been $100 million.

“This was a very big decision for Paul and Bob and it means a great deal to us that they have chosen to join our firm,” says Ed Forst, president & CEO of Cushman & Wakefield. “Together, they have built a truly dominant force in capital markets in the New York metro area. With the client only belief that we share, we believe this transformational pairing will have positive implications for our firm here in New York and around the world.”

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