Commercial real estate brokerages and service providers have increased mergers and acquisitions amid a red-hot property investment environment, soaring company valuations and globalization.
Forerunners in the current round of consolidation over the past several months include the international combinations of DTZ and Cassidy Turley and of Savills and Studley. On a smaller scale, Cushman & Wakefield acquired Massey Knakal Realty Services in New York, and global equities and real estate brokerage BGC Partners (NASDAQ:BGCP) acquired Cornish & Carey in Northern California and merged it with its Newmark Grubb Night Frank business...Commercial Real Estate Recovery Fueling Many Mergers
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National Office Sector Report (Q4 2014)