The Real Deal’s July issue is live!

Inside: Cushman's IPO, M&A madness & more

TRD New York /
Jul.July 02, 2018 11:18 AM

It took about a century, but Cushman & Wakefield is finally heading to Wall Street and going public.

However, the rollout has not been particularly smooth. One source described the New York operation as a “shitshow,” while another predicted it would lead to an exodus of the company’s top people looking to cash out. The Real Deal took a detailed look at Cushman’s rocky preparations for the initial public offering process in its latest issue. The company hopes to use the IPO to pay off some of the $3 billion in debt that TPG Capital provided the firm, but its success is far from assured.

“If you don’t exceed expectations out the gate in the first couple quarters, that looks bad on management,” Wall Street analyst Jason Weaver said.

Elsewhere in the issue, TRD looked at the wave of mergers and acquisitions in the real estate industry, which hit $524.7 billion last year. This was almost 25 percent higher than the record from 2007 of $424.5 billion.

July’s issue also examined why New York has a harder time building “megatall” skyscrapers than other global cities. The city’s tallest building is currently One World Trade Center, which stands 1,776 feet tall, far behind towers in China and the United Arab Emirates. Another story looks into the EB-5 program, which is facing increasing allegations of fraud. We also looked into the ongoing and expanding challenges faced by New York City rental brokers.

And this month’s Closing is with Peter Kalikow, president of the development and management firm H.J. Kalikow & Company. The real estate dynasty heir talked about buying the New York Post and running the Metropolitan Transportation Authority.

To read the July issue of TRD, click here or on the “Magazine” tab on the top left of the homepage. Enjoy! – Eddie Small


Related Articles

arrow_forward_ios
The Manhattan office market’s overall vacancy rate rose to a 24-year high of 13.3% in the third quarter (iStock)

Cushman & Wakefield paints bleak picture for Manhattan office market

Cushman & Wakefield paints bleak picture for Manhattan office market
October 2020 Issue is Live

TRD’s October issue is live for subscribers!

TRD’s October issue is live for subscribers!
Cushman’s Brett White and Newmark’s Barry Gosin (Getty)

Newmark Group rejects Cushman & Wakefield takeover offer

Newmark Group rejects Cushman & Wakefield takeover offer
Cushman and Wakefield CEO Brett White (Getty; iStock; Cushman and Wakefield)

Lawsuits against Cushman & Wakefield target appraisers’ pay

Lawsuits against Cushman & Wakefield target appraisers’ pay
The analysis predicts that office vacancies across the world will continue upward (iStock)

Report: Office market won’t return to glory until 2025

Report: Office market won’t return to glory until 2025
Issue is Live September 2020

TRD’s September issue is live for subscribers!

TRD’s September issue is live for subscribers!
Cushman & Wakefield CEO Brett White and Industrious CEO Jamie Hodari (Industrious; Cushman)

Cushman partners with Industrious in bid to bring the office back

Cushman partners with Industrious in bid to bring the office back
TRD‘s August issue is live for subscribers!

TRD‘s August issue is live for subscribers!

TRD‘s August issue is live for subscribers!
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...