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C & W buys Sonnenblick Goldman

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Cushman & Wakefield has entered into a preliminary agreement to buy a majority stake in real estate investment banking specialist Sonnenblick Goldman. Cushman & Wakefield, which is the world’s largest privately held commercial real estate services firm, said that Sonnenblick Goldman’s principals would be retained. “We’re committed to building our global debt and equity finance capabilities with the active leadership and expertise of Sonnenblick Goldman and its senior management,” said Bruce Mosler, Cushman & Wakefield’s president and chief executive officer. The financial terms of the deal were not made public. Last year, Cushman & Wakefield completed more than $50 billion in property sales and financings, and Sonnenblick Goldman completed $7.5 billion worth of capital transactions. TRD

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