(Updated with additional information)

Cushman & Wakefield has acquired Cresa Partners of Los Angeles, Inc. Representing occupiers exclusively, Cresa’s operations span offices in West Los Angeles, Woodland Hills and Westlake Village. 

“This is a significant milestone for Cushman & Wakefield, and we are excited to add the depth of occupier services talent this exceptional group from Cresa offers,” said Dan Broderick, president of the West Region for the firm. “Our platform locally as well as regionally is now even stronger and more robust,”  

Matthew Miller, former managing principal at Cresa and now executive vice chairman with Cushman & Wakefield, said, “This acquisition was a strategic priority from both sides and will greatly benefit our talented professionals. 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.”

However, the acquisition doesn’t spell the end of Cresa’s L.A. presence. “Cresa has maintained two entities in the L.A. market for many years,” said CEO Tod Lickerman. “After many considerations, we parted ways with our West L.A. affiliate office earlier this week. Our downtown Los Angeles office, and its many professionals, remain an integral part of Cresa’s U.S. operations. We look forward to growing our business while continuing to serve our valued clients in the greater L.A. market and beyond.”