NEW YORK CITY—Cushman & Wakefield confirmedlate Monday that it purchased Massey Knakal RealtyServices. Neither firm has divulged the price of thetransaction but, as previously reported, the cost is believed to have been $100million.
“This was a very big decision for Paul and Bob and it means agreat deal to us that they have chosen to join our firm,” saysEd Forst, president & CEO of Cushman &Wakefield. “Together, they have built a truly dominant force incapital markets in the New York metro area. With the client onlybelief that we share, we believe this transformational pairing willhave positive implications for our firm here in New York and aroundthe world.”
Adds Paul Massey Jr., CEO and founding partnerof Massey Knakal, “This is a very exciting time for us, joining ourfirm with the Cushman & Wakefield brand that has such deeproots in New York and a global platform that will enhance thebreadth of real estate services we can now offer our clients. “Boband I spent time with our partners deciding what would be the bestopportunity for the firm, with our client's best interests in mind,and without question, Cushman & Wakefield stood out from therest.”
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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.
