SACRAMENTO-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Cushman & Wakefield and McCuen Properties recently executed a partnership to further expand the delivery of property management services in the area. The new partnership “will leverage the combined expertise and flexible delivery platform of both organizations providing a full range of integrated services—including lease administration, tenant services, vendor management, building operations, capital improvement plans, budgeting, accounting, project management and reporting.”
McCuen Properties will continue to operate its McCuen Properties development arm separately from the new partnership. Operating under Cushman & Wakefield's brand, the new partnership will deliver services led by experienced senior management and will more-than-double the portfolio and staffing capabilities of both organizations. The agreement increases Cushman & Wakefield's Northern California presence to nearly 32 million square feet of managed real estate.
“We're thrilled to partner with a company like McCuen Properties whose team is a great match for C&W's entrepreneurial and collaborative culture,” says Ron Thomas, executive director and managing broker at Cushman & Wakefield in Sacramento. “Our partnership with them demonstrates our continued commitment to deliver meaningful value for our clients while focusing on strategic growth in the market. With more than two decades of solid Property Management experience in the unique and dynamic Sacramento market, they are an ideal partner.”
The new Cushman & Wakefield/McCuen Properties strategic partnership aims to help individual and institutional property owners maximize returns on real estate investments through value-added programs and superior management expertise. “Through this partnership, we are able to offer clients our local experience and expertise backed by the reach of C&W's truly global platform,” says Steven M. Ring, regional director of corporate occupier & investor services for Cushman & Wakefield in Northern California.
Cushman & Wakefield has provided Property Management services to the Sacramento region since 2007. Among the company's largest and most well-known property management clients in the area are the STG Group, CWCapital and LNR Property.
“We are excited to expand our best-in-class property management services to more local, corporate and institutional clients within the Sacramento region,” says Marc Sussman, president of McCuen Properties. “Clients consistently tell us they are looking for a service provider that can provide solutions across all asset types and throughout the lifecycle of their ownership. This partnership with Cushman & Wakefield will allow us to meet the needs of our clients and expand our reach into new markets and business sectors. We look forward to maximizing the combined strengths of both our organizations.”
Since 1980, McCuen Properties has amassed a large portfolio of many different types of successful projects, including office building development, adaptive reuse, infrastructure master planning, obtaining entitlements, military base reuse and hotel construction.
Among the company's most high-profile development and property management projects are the Mather Commerce Center Development and the new 72,000-square-foot class-A headquarters for the Sacramento County Office of Education, West Sacramento's Ziggurat Corporate Office Building and Teale Data Center. The company also provides management services for BloodSource.
“This is an exciting time for the Sacramento market,” says David Nystrom, director of development at McCuen Properties. “With new office, residential and retail development in the pipeline and high-profile projects like the Bridge District, the Friedman West Sacramento project and the proposed new Kings Arena development, Sacramento is bustling with activity and well-positioned for new investment.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
