The Real Deal New York

Brett White’s war on CBRE

With his $2B deal to buy Cushman, DTZ’s new leader is going after his former firm hard. But will his new mega brokerage be able to catch CBRE?
By Adam Piore | September 02, 2015 01:25PM

From the September issue: It didn’t take Brett White long. As soon as his non-compete clause expired last March, CBRE’s former CEO publicly took on his former employer about as aggressively as one could imagine.

Within weeks of ascending to a new role as the head of the Chicago-based global real estate giant DTZ, White announced a $2 billion deal to acquire CBRE’s top New York rival, Cushman & Wakefield. The deal closed Tuesday.

The Cushman & Wakefield head also touted his intention to put heat on his former firm and on the industry’s global No. 2, JLL.[more]