C&W acquires Burnham Real Estate.Cushman & Wakefield announced it has reached an agreement to acquire Burnham Real Estate, which has operated as San Diego's largest, independent commercial real estate services firm for 116 years. The agreement, scheduled to close in January, is expected to position Cushman & Wakefield as the leading commercial real estate firm in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. and to further strengthen the firm's expansive Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, operations. For Burnham, which is headquartered in San Diego, the move provides its professionals direct access to a premier, full-service platform of 215 offices in 56 countries. "Burnham is the industry prototype for the premier regional firm," said Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. Mosler, president and chief executive officer of Cushman & Wakefield. "Our clients expect the best representation everywhere they conduct business, and its strategic acquisitions of firms like Burnham that have helped Cushman & Wakefield to expand its reputation for excellence locally and globally." Burnham Real Estate, founded in 1891, has grown to become one of the region's largest and most diversified diversified (di·verˑ·s full-service real estate companies with 250 professionals and employees operating from three offices in San Diego County, one in South Riverside County/Temecula and one in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nev. Services include traditional brokerage, corporate services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. , asset services, capital markets, advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , strategic corporate consulting and project management. The company's total estimated 2007 brokerage and finance transaction volume is $3 billion. Burnham Real Estate president and chief executive ofricer Stath Karras said that becoming part of the respected Cushman & Wakefield brand is a tremendous opportunity for Burnham clients, professionals and employees. "Cushman & Wakefield is a natural fit for us given the similar corporate cultures and shared core values," said Karras. Karras will serve as executive managing director of the Cushman & Wakefield San Diego operation, which after Jan. 1,2008, will include the three former Burnham Real Estate offices, under the Cushman & Wakefield brand. |
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