DTZ, Cushman & Wakefield Merger Seen Positive for Firms

CHATHAM, NJ—Local and national representatives of DTZ are not talking, but independent observers of the New Jersey commercial real estate market tell GlobeSt.com that the announced merger with Cushman & Wakefield is probably going to be positive for the companies, and they say more consolidation in the industry is likely.

“I think the DTZ/C&W merger is a sound one for both parties,” says Peter Reinhart, director of the Kislak Real Estate Institute at Monmouth University, West Long Branch. “There does not seem to be too much geographic overlap so the growth will be accretive from the start. In this business, size can matter.”