In completing the acquisition, New York-based C&W will absorb Cushman Realty's 11 offices and about 200 Cushman Realty employees. The acquisition means that C&W will roughly double the number of its Southern California brokers, to 170.
GlobeSt.com reported in early April that C&W had reached an agreement to buy Cushman Realty. Cushman Realty's top execs first denied that an agreement had been reached, but called GlobeSt.com back a few hours later to instead say that they had "no comment" on the story about to be published.
A formal announcement of the merger deal was released days later and published by other media outlets.
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