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Cushman & Wakefield Snags Massey for $100M

New York Retail

Besting other suitors, C&W is putting the finishing touches on a $100M acquisition of investment sales and mortgage brokerage Massey Knakal, the Commercial Observer reported.

CBRE and DTZ reportedly pursued a strategic deal but fell to wayside as C&W made an irresistible offer to take Massey in its entirety, according to the Observer. Massey has excelled in recent years, establishing a dominant role as a broker for properties in the $1M to $100M range.

Related Topics: CBRE, DTZ, Commercial Observer