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Chicago & Midwest  + Downtown  + Finance  | 

CushWake, Greystone Close on Strategic Joint Venture

Cushman & Wakefield has finalized its strategic investment of $500 million in Greystone, acquiring a 40% stake in Greystone’s agency, FHA and servicing businesses. With this investment, Chicago-based Cushman & Wakefield and New York-based Greystone have officially closed and entered into a previously announced strategic joint venture to deliver advisory services and capital solutions to existing, joint and new clients of both firms nationwide.  

“Our goal is to build the finest multifamily platform in the country, and by integrating our respective capabilities, we can now offer our clients a seamless, full-service advisory experience,” said Andrew McDonald, chief executive, Americas, Cushman & Wakefield. 

Gresytone founder and CEO Stephen Rosenberg added, “By bringing together our areas of expertise, we are committed to leading the multifamily market. This strategic joint venture and investment in Greystone significantly enhances the ability to execute on our clients’ investment strategies and our own plan for growth.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Financing
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