Cushman & Wakefield has acquired Cresa Partners of Los Angeles, whose operations comprise three Los Angeles County offices located in West Los Angeles, Woodland Hills and Westlake Village.
Representing occupiers exclusively, Cresa professionals provide commercial real estate services to clients in diverse industries, including entertainment, technology, interactive entertainment, professional services, biotech and transportation. The team comprises over 40 professionals, made up of occupier representatives and project managers.
“This is a significant milestone for Cushman & Wakefield, and we are excited to add the depth of occupier services talent this exceptional group from Cresa offers. Our platform locally as well as regionally is now even stronger and more robust,” said Dan Broderick, president of the west region for Cushman & Wakefield. “The group’s reputation for professionalism, collaboration, teamwork and integrity is perfectly aligned with Cushman & Wakefield’s culture. They are known for building strong relationships with their clients based on a deep level of trust, and for working cooperatively with brokerage professionals around the country.”
“Our ongoing goal is to continuously improve client service while strategically growing our business. This acquisition marks a tremendous achievement in this effort,” added Phil Brodkin, managing principal of Cushman & Wakefield in Los Angeles. “I look forward to working with each of these new colleagues who are a great fit with our culture and will continue to make Cushman & Wakefield the preferred brand in the industry.”
Matthew Miller, former managing principal at Cresa and now executive vice chairman with Cushman & Wakefield, said, “This acquisition was a strategic priority from both sides and will greatly benefit our talented professionals. Cushman & Wakefield has a great culture, values and vision and we are all excited about this new chapter in our careers and the opportunity to offer our clients a broader range of services on a larger platform.”