Cresa Acquires California Project Management Firm CMPG
Cresa announced Tuesday it acquired Diamond Bar, California-based project management firm CMPG, the latest in a bout of acquisitions for the occupier-focused firm.
CMPG leadership, partner Christie Fischetti and Managing Director Dyana Elam, will join Cresa as managing principals and lead the firm’s Southern California project management team. All 22 employees of CMPG will join Cresa’s staff.
Cresa will also keep CMPG’s existing office, “giving the firm a new and strategically important office in the region,” according to a press release from Cresa.
“This acquisition and the significant expansion of the service line enhances Cresa’s ability to meet the needs of local and portfolio clients alike and is another step forward as we continue to expand our end-to-end service delivery,” Dennis Smith, Cresa executive managing principal and co-market leader for the greater Los Angeles region, said in a release.
Financial terms of the acquisition weren’t disclosed.
CMPG has worked on projects including the Los Angeles County Arboretum Visitor Center, Doheny Eye Institute's headquarters, the Los Angeles Regional Food Bank's capital upgrades and building retrofit, and more than $165M of improvements at Los Angeles Union Station.
CMPG is the third firm that Chicago-based Cresa has purchased in the past 45 days. In late October, Cresa acquired Dallas-based Fischer, a 110-person firm and its biggest competitor in the occupier-only representation world. In mid-November, it snapped up data analytics firm Bluechip Insights.
Cresa isn’t the only big brokerage to go on a buying spree in the back end of 2025. Many brokerages are growth-focused and looking to cash in and expand on service-focused business lines.
In November, CBRE acquired Pearce Services, a major data center and infrastructure engineering and maintenance firm, for $1.2B. In October, Newmark acquired Dallas-based RealFoundations, a professional services firm with more than 500 employees and 600 clients, for an undisclosed sum.
