The Real Deal Chicago

Cushman & Wakefield acquires multifamily brokerage KIG CRE

KIG will move its team of 8 to the commercial brokerage giant
By John O’Brien | October 08, 2018 04:00PM

Vicki Noonan and Susan Tjarksen

Cushman & Wakefield’s Chicago office added the multifamily institutional investment sales team of KIG CRE.

The eight-person team is led by Susan Tjarksen, Todd Stofflet and Jason Stevens, who joined Cushman as managing directors last week, the company said.

KIG CRE brokered more than $2.4 billion in multifamily sales covering more than 33,000 apartments.

The three new managing directors will be joined by KIG CRE’s Laura Ballou, Jacob Albers, Daniel Falkenberg, Caleb Zielke and Brenda Cuellar and will work out of Cushman’s Chicago office, at 225 West Wacker Drive.

Cushman last month reported improving financials in its first quarterly earnings report after going public in August.

Adjusted EBITDA was $168.9 million for the quarter, up 30 percent from the same time last year. Cushman reported a net loss of $32.2 million during the second quarter, which was an improvement from the net loss of $43.7 million the company recorded a year earlier.