"I just heard of a deal occurring," says Todd Doney, a longtime Cushman Realty executive who left the firm about 18 months ago to become an executive managing director at Insignia/ESG. He remains in contact with several Cushman brokers and execs.
Rumors about a possible merger began spreading across brokerage communities in both New York and LA last week. A combination would strengthen C&W's presence in the strong Southern California market while, at the same time, provide Cushman Realty with stronger global capabilities and contacts.
Robert A. Ortiz, Cushman Realty's EVP in LA, didn't return GlobeSt.com's phone calls on Monday. C&W's LA spokesperson referred queries to the company's New York headquarters.
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