Chicago-based brokerage Cushman & Wakefield has acquired three Cresa offices collectively known as Cresa Partners of Los Angeles Inc. Cresa Partners of Los Angeles has three offices, located in West L.A., Woodland Hills and Westlake Village.
“Our ongoing goal is to continuously improve client service while strategically growing our business. This acquisition marks a tremendous achievement in this effort,” Phil Brodkin, managing principal of Cushman & Wakefield in Los Angeles, said in a statement. “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.”
Cresa Partners of Los Angeles exclusively represents occupiers. Its team of more than 40 professionals consists of occupier representatives and project managers.
“This is a significant milestone for Cushman & Wakefield, and we are excited to add to the depth of occupier services talent this exceptional group from Cresa offers,” Dan Broderick, president of the West Region for Cushman & Wakefield, said in a statement. “Our platform locally as well as regionally is now even stronger and more robust.”
“The group’s reputation for professionalism, collaboration, teamwork and integrity is perfectly aligned with Cushman & Wakefield’s culture,” he added. “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.”
Matthew Miller, the former managing principal at Cresa, now holds the title of executive vice chairman at Cushman & Wakefield.
“This acquisition was a strategic priority from both sides and will greatly benefit our talented professionals,” Miller said in a statement. “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.”