NEW YORK CITY-A prominent California-based commercial real estate services firm is hitching its wagon to a larger company, GlobeSt.com has learned. In an effort to expand its West Coast and global footprint, Bakersfield, CA-based Pacific Commercial Realty Advisors – a company with CBRE roots – has signed an agreement with Manhattan-based Cushman & Wakefield to become part of the firm’s Americas Alliance Program.
As part of the partnership, Pacific will join C&W’s association of 35 independently owned and operated commercial real estate firms. The company will also have access to 76 strategic markets in the Americas, Joseph M. Vargas, EVP and area leader of the west region at C&W’s L.A. office., tells GlobeSt.com.
“It creates seamless geographic coverage for California,” Vargas tells GlobeSt.com. “From a geographic standpoint, it connects our Southern California offices in the Central Valley up to Sacramento and the Bay area. In addition, we’ve aligned ourselves with some very talented commercial real estate professionals that excel in all disciplines in the business, from office, industrial and retail. It gives us the ability to further service our clients with best of class services in the Central Valley.”
Pacific, a company that originated 1982, employs 25 people and specializes in landlord and tenant representation, lease and sale negotiation, build-to-suit analysis and planning. Founded as a successor company to CB Bakersfield Partners and an affiliate since 1999 with CBRE Inc., the company serves the Central California markets of Kern, Tulare, Kings and Fresno Counties, as well as the Antelope Valley cities of Lancaster and Palmdale and the central coast areas of Santa Barbara, Santa Maria and San Luis Obispo.
Vincent Roche, partner of Pacific Commercial Realty Advisors, comments: “To be invited by Cushman & Wakefield to join this exclusive alliance is both a tremendous honor and a significant opportunity for Pacific Commercial Realty Advisors. We look forward to expanding our best in class services for our clients using the additional capabilities of Cushman & Wakefield’s global platform."
Vargas says the company is “always looking” to form alliances with top-notch firms and acquire talent in existing markets when the opportunities are right. “Many companies reach out to Cushman & Wakefield to form alliances,” he says. Pacific, in particular, had all the qualities in terms of their professionals. It will align perfectly.”
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