Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
Monday, May 11, 2015
Cushman & Wakefield agrees to $2B sale, forms challenger to CBRE, JLL
Commercial real estate firm Cushman & Wakefield has agreed to sell to Chicago-based DTZ, perhaps setting up the new combined company to challenge CBRE Group (NYSE: CBG) and JLL (NYSE: JLL).
White told the WSJ that the deal will allow New York-based Cushman to achieve its expansion plans much faster, saying, “They wouldn’t have to wait five years to be the company they wanted to be. They only needed to wait a few months for us to close the transaction.”
Cushman is owned by Exor, an investment vehicle controlled by the Italian Agnelli family, which appears in line to bring in $1.28 billion from the deal, Reuters explained. Exor is expected to use that money to make more acquisitions, the report said.