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BUSINESS
December 20, 2006 | From Bloomberg News
Cushman & Wakefield Inc., the world's second-largest real estate services company, said an investment group controlled by Italy's Agnelli family bought a majority stake in the company for $563 million. The family's Ifil Group will acquire a 67.5% stake, New York-based Cushman and Turin, Italy-based Ifil said. Ifil will replace Rockefeller Group International Inc. as the controlling shareholder. Cushman employees will retain a 32.5% stake.
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BUSINESS
July 30, 2008 | Roger Vincent, Times Staff Writer
Two New York commercial real estate brokerages have been selected by Tribune Co. to market the Los Angeles Times' main office downtown and Tribune Tower in Chicago to potential buyers, the company said Tuesday. Cushman & Wakefield will look for buyers for The Times' historic headquarters at 1st and Spring streets, and Eastdil Secured will try to sell the landmark Tribune building overlooking the Chicago River, said Stephanie Pater, director of real estate for Tribune.
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BUSINESS
January 29, 2002 | Bloomberg News
Cushman & Wakefield Inc. plans to form alliances with independent real estate companies to build its business in Southern California and the U.S. Southeast. Cushman, the second-largest U.S. commercial real estate broker, is allying with Commercial San Diego; Commercial Carolina, which has offices in North and South Carolina; and Commercial Jacksonville, in Florida, each a former Cushman office. The other members of the alliance are Commercial Tennessee, with offices in Memphis, Little Rock, Ark.
BUSINESS
December 20, 2006 | From Bloomberg News
Cushman & Wakefield Inc., the world's second-largest real estate services company, said an investment group controlled by Italy's Agnelli family bought a majority stake in the company for $563 million. The family's Ifil Group will acquire a 67.5% stake, New York-based Cushman and Turin, Italy-based Ifil said. Ifil will replace Rockefeller Group International Inc. as the controlling shareholder. Cushman employees will retain a 32.5% stake.
BUSINESS
February 26, 2002 | From Bloomberg News
Cushman & Wakefield Inc., the second-largest U.S. real estate company, formed a joint venture with Premas International Ltd. to provide real estate brokerage and other services to companies expanding in China. The venture will offer consulting, brokerage and asset management to international firms doing business in China and Chinese firms looking to expand abroad, Cushman spokesman Terry Spillane said.
BUSINESS
September 16, 1998 | MELINDA FULMER, SPECIAL TO THE TIMES
Underscoring the growing demand for global real estate operations, the country's second-largest brokerage firm, New York-based Cushman & Wakefield Inc., said Tuesday that it has completed a $112-million merger with a major European real estate firm.
BUSINESS
July 10, 2001 | JESUS SANCHEZ, TIMES STAFF WRITER
Real estate services giant Cushman & Wakefield Inc. on Monday announced that it had completed its acquisition of Los Angeles-based Cushman Realty Corp., forming one of Southern California's largest commercial real estate brokers. Cushman Realty's approximately 200 employees and 11 offices have adopted the Cushman & Wakefield name and are being integrated into the New York-based company's operations.
BUSINESS
April 10, 2001 | JESUS SANCHEZ, TIMES STAFF WRITER
The owners of Cushman Realty Corp. on Monday announced a tentative agreement to sell the prominent Los Angeles commercial real estate brokerage to Cushman & Wakefield Inc. The deal, which had been the subject of widespread speculation, is part of an industry shakeout that has created huge, global real estate firms that offer a variety of services to large corporate clients.
BUSINESS
July 30, 2008 | Roger Vincent, Times Staff Writer
Two New York commercial real estate brokerages have been selected by Tribune Co. to market the Los Angeles Times' main office downtown and Tribune Tower in Chicago to potential buyers, the company said Tuesday. Cushman & Wakefield will look for buyers for The Times' historic headquarters at 1st and Spring streets, and Eastdil Secured will try to sell the landmark Tribune building overlooking the Chicago River, said Stephanie Pater, director of real estate for Tribune.
BUSINESS
November 7, 2002 | Leslie Earnest, Times Staff Writer
Rodeo Drive rents lost ground this year in a worldwide ranking of the most expensive pockets of retail real estate, according to a study released today. Rents in the tony Beverly Hills shopping district between Wilshire and Santa Monica boulevards ranked 32nd out of 223 locations in the year ended June 30, compared with a ranking of 17 out of 221 locations the year before.
BUSINESS
November 7, 2002 | Leslie Earnest, Times Staff Writer
Rodeo Drive rents lost ground this year in a worldwide ranking of the most expensive pockets of retail real estate, according to a study released today. Rents in the tony Beverly Hills shopping district between Wilshire and Santa Monica boulevards ranked 32nd out of 223 locations in the year ended June 30, compared with a ranking of 17 out of 221 locations the year before.
BUSINESS
February 26, 2002 | From Bloomberg News
Cushman & Wakefield Inc., the second-largest U.S. real estate company, formed a joint venture with Premas International Ltd. to provide real estate brokerage and other services to companies expanding in China. The venture will offer consulting, brokerage and asset management to international firms doing business in China and Chinese firms looking to expand abroad, Cushman spokesman Terry Spillane said.
BUSINESS
January 29, 2002 | Bloomberg News
Cushman & Wakefield Inc. plans to form alliances with independent real estate companies to build its business in Southern California and the U.S. Southeast. Cushman, the second-largest U.S. commercial real estate broker, is allying with Commercial San Diego; Commercial Carolina, which has offices in North and South Carolina; and Commercial Jacksonville, in Florida, each a former Cushman office. The other members of the alliance are Commercial Tennessee, with offices in Memphis, Little Rock, Ark.
BUSINESS
July 31, 2001 | Brad Berton
Real estate services giant Cushman & Wakefield has agreed to move its downtown Los Angeles office late this year to one of the district's newest skyscrapers, the former Sanwa Bank Plaza at Wilshire Boulevard and Figueroa Street. The move was prompted by C&W's recent acquisition of rival Cushman Realty Corp., which has had its headquarters at 601 S. Figueroa St. since the 52-story high-rise opened in 1990.
BUSINESS
July 10, 2001 | JESUS SANCHEZ, TIMES STAFF WRITER
Real estate services giant Cushman & Wakefield Inc. on Monday announced that it had completed its acquisition of Los Angeles-based Cushman Realty Corp., forming one of Southern California's largest commercial real estate brokers. Cushman Realty's approximately 200 employees and 11 offices have adopted the Cushman & Wakefield name and are being integrated into the New York-based company's operations.
BUSINESS
April 10, 2001 | JESUS SANCHEZ, TIMES STAFF WRITER
The owners of Cushman Realty Corp. on Monday announced a tentative agreement to sell the prominent Los Angeles commercial real estate brokerage to Cushman & Wakefield Inc. The deal, which had been the subject of widespread speculation, is part of an industry shakeout that has created huge, global real estate firms that offer a variety of services to large corporate clients.
BUSINESS
April 23, 1990 | Michael Flagg, Times staff writer
For a while, it seemed as if it would never stop. Orange County's businesses created more jobs, which brought more people into the county, which meant even more jobs for the companies that audited the books, did the legal work and sold insurance. And all those lawyers and accountants needed office space. There were plenty of lenders who took a look at all the activity and told a developer: "Sure, we'll lend you enough to put up another office building." And the developer did.
BUSINESS
December 7, 2000 | Brad Berton
Long Beach commercial real estate brokerage Matlow-Kennedy Commercial Real Estate Services is being acquired by property services giant Cushman & Wakefield. Financial terms of the deal, which will take effect Jan. 1, were not disclosed. Matlow-Kennedy's 16 brokers focus on office and industrial properties in an area stretching from the South Bay to Orange County.
BUSINESS
April 6, 2001 | JESUS SANCHEZ, TIMES STAFF WRITER
In Los Angeles commercial real estate circles, the most popular topic of conversation these days isn't about the most recent leasing deal. It's about one of the city's biggest deal makers: John C. Cushman III. Industry professionals across town are buzzing with speculation that Cushman is poised to announce the sale of his powerful brokerage company--Cushman Realty Corp.--to nationwide giant Cushman & Wakefield Corp.
BUSINESS
February 13, 2001 | BOB HOWARD, SPECIAL TO THE TIMES
Airport officials have formally hung out the "for sale" sign on one of the largest parcels of land available for development in Burbank, an 81-acre former Lockheed facility that formerly was intended as the site of a new passenger terminal. The Burbank-Glendale-Pasadena Airport Authority has named Cushman & Wakefield to market the property, which is adjacent to the northeastern border of the airport.
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