"They want to compete with CB Richard Ellis, Holliday Fenoglio, Eastdil and Secured," one insider tells GlobeSt.com. "With an in-house financing capability, they become a one-stop shop."
While no specific numbers were put to a potential acquisition, sources explain that the going rate these days is a four or five multiple of NOI, paid out in equal parts of stock and cash. Those multiples could rise based on the buyer's hunger for the perks the acquisition would bring—such as specific market penetration. Merger deals these days typically also include a three-year "tie-up" of senior executives.
There has also been some speculation that the merger target may in fact be HFF. But while the platform is broader, the cultural fit, sources conjecture, is simply not there.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.