reports
Industry-Leading Seniors Housing Advisory Team of Josh Jandris and Bre...
CHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield announced today that Josh Jandris and Brett Gardner joined the firm, with each serving as Vice Chair. This press release features multimedia. View the full release here: Brett Gardner Industry leaders in Seniors Housing capital markets advisory, Jandris and Gardner have closed investment sales of Seniors Housing properties totaling more than $15 billion. Based in Chicago, the team will represent institutional and private-capital investors in dispositions across the gamut of the sector, including skilled nursing facilities, assisted living faciliti...
Cushman & Wakefield Named to IAOP® Global Outsourcing 100® List for 14...
CHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has been named to the 2025 Global Outsourcing 100® list in the Leader category for large established global firms by the International Association of Outsourcing Professionals® (IAOP®). This marks the 14th consecutive year that Cushman & Wakefield has earned this prestigious recognition, highlighting the firm’s unwavering commitment to excellence as one of the world’s best outsourcing service providers. "We are honored to earn a spot on IAOP's Global Outsourcing 100® list once again," said ...
Office Construction Costs Ease as Inflation Slows: Tariff and Labor Ex...
CHICAGO--(BUSINESS WIRE)-- Inflation has eased across the Americas, causing construction cost increases to drop below their 5- and 10-year averages, but the sector still faces uncertainties due to new U.S. tariffs on imports from key trading partners like Canada and Mexico. Rising labor costs and prices of commodities such as lumber, steel, copper, and cement are expected to continue into 2025, according to Cushman & Wakefield's Winter 2025 General Contractor Sentiment Survey. This press release features multimedia. View the full release here: Office: Under Construction (Graphic: Business Wire...
Slowing Construction and Rising Capital Flows Set Stage for Life Scien...
CHICAGO--(BUSINESS WIRE)-- The life sciences real estate market is undergoing significant changes as supply outpaces demand, influencing rental growth, vacancy rates, and investment trends. This press release features multimedia. View the full release here: (Photo: Business Wire) The overall vacancy rate across major life sciences markets reached 20.5% in Q4 2024, up 250 basis points from Q2 2024. The total U.S. market saw negative net absorption for the second consecutive year, though key markets like Boston, Chicago, and Los Angeles-Orange County posted positive absorption in 2024. The U.S....
Cushman & Wakefield Reports Financial Results for the Fourth Quarter a...
CHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield (NYSE: CWK) today reported financial results for the fourth quarter and full year of 2024. “We closed out 2024 with strong momentum in our business, reporting another quarter of solid Leasing revenue, our strongest Capital markets growth since the first quarter of 2022 and robust year-over-year improvement in free cash flow,” said Michelle MacKay, Chief Executive Officer of Cushman & Wakefield. “We begin 2025 with renewed optimism, as investor and occupier sentiment continues to improve, and we have positioned ourselves to thrive in what we belie...
Todd Savage Joins Cushman & Wakefield as Executive Managing Director o...
DALLAS--(BUSINESS WIRE)-- Cushman & Wakefield is pleased to announce that Todd Savage, a veteran real estate professional with over two decades of experience, has joined the firm as Executive Managing Director of Office Investment Sales. Based in Dallas, Savage will represent institutional office investors in Dallas-Fort Worth and focus on expanding investment sales across Texas. This press release features multimedia. View the full release here: Todd Savage (Photo: Business Wire) “I’m thrilled to join Cushman & Wakefield and help increase our market share of office investment sales,” Savage ...
Cushman & Wakefield Hires Robert Thornburgh as Regional President, Sou...
LOS ANGELES--(BUSINESS WIRE)-- Cushman & Wakefield (NYSE: CWK) announced today the appointment of Robert Thornburgh, SIOR, CCIM, FRICS as Regional President of the Southwest Region, which includes Southern California, Nevada, Phoenix, Colorado, Utah and Idaho. In his new role, Thornburgh will oversee Cushman & Wakefield’s strategic growth of the Southwest, including client service delivery, talent development and recruiting, while developing strong partnerships across the firm’s service lines. Thornburgh is based in the firm’s Los Angeles office. This press release features multimedia. View t...
Cushman & Wakefield Expands Leadership Team With the Appointment of To...
SAN FRANCISCO--(BUSINESS WIRE)-- Cushman & Wakefield announced today the appointment of Tom McDonnell as Executive Regional Director to lead the firm’s Northwest Region, which includes Northern California, Oregon and Washington. Based in San Francisco, McDonnell will report to Victoria Malkin, President of Americas Markets. This press release features multimedia. View the full release here: Tom McDonnell (Photo: Business Wire) In his new leadership position, McDonnell will oversee strategic growth initiatives across the region, focusing on talent recruitment and retention, business developmen...
Kenneth Krasnow Joins Cushman & Wakefield as Vice Chair, Public Instit...
BOCA RATON, Fla.--(BUSINESS WIRE)-- announced that Kenneth Krasnow has joined the commercial real estate services firm as Vice Chair. Krasnow will be based in the firm’s Boca Raton office and specialize in providing advisory services for local public sector entities and higher education institutions. This press release features multimedia. View the full release here: Ken Krasnow (Photo: Business Wire) “Ken has dominated the Florida public sector and has an in-depth knowledge of serving clients within this unique practice. His expertise in this space will bolster our firm’s long-term growth p...
Cushman & Wakefield to Release Fourth Quarter and Full Year 2024 Earni...
CHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield (NYSE: CWK) will release its fourth quarter and full year 2024 financial results at approximately 7:00 a.m. ET on Thursday, February 20, 2025. Management will host a conference call following the release at 9:00 a.m. ET on Thursday, February 20, 2025, to discuss the financial results. The conference call can be accessed as follows: Dial in to 1-844-825-9789 (domestic) or 1-412-317-5180 (international), or (link will be activated 15 minutes prior to the earnings call) and enter passcode 1366930. Live webcast can be accessed through Cushman &...
Cushman & Wakefield Successfully Completes Term Loan Repricing
CHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield (NYSE: CWK) announced that it has successfully completed a repricing of approximately $990 million of its Term Loan issued in January 2023 (“Term Loan”) due 2030. The repricing reduces the applicable interest rate on the Term Loan by 25 basis points from Term SOFR plus 3.00% to Term SOFR plus 2.75%. There are no changes to the maturity of the Term Loan following this repricing and all other terms are substantially unchanged. “Today, we announced another successful repricing of our term loan debt. This transaction reinforces our commitment to mai...
Cushman & Wakefield Expands Capital Markets and EDSF Services with Add...
CHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield announced today that Dave Lancaster joined the firm as Executive Managing Director in the firm’s Equity, Debt & Structured Finance (EDSF) platform. This press release features multimedia. View the full release here: David Lancaster (Photo: Business Wire) Based in Chicago, Lancaster will lead Equity, Debt & Structured Finance services focused on capital markets advisory for production home builders throughout the U.S. Residential home building is a more than $500 billion market, with builders constructing approximately 1.4 million homes annually i...
Cushman & Wakefield Earns Top Score on Human Rights Campaign Foundatio...
CHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, announced that it again earned a perfect score of 100 on the Human Rights Campaign Foundation’s (HRCF) 2025 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. The 2025 CEI showcases how U.S.-based companies are promoting LGBTQ+ friendly workplace policies and rates companies based on four central pillars: Non-discrimination policies across business entities Equitable ben...
Cushman & Wakefield Adds Premier Team Led by Keith Manson to Lead Nort...
SAN FRANCISCO--(BUSINESS WIRE)-- Cushman & Wakefield announced the firm has hired a powerhouse multifamily brokerage team to boost its national and regional investor client services and coverage capabilities in the critical multifamily sector in Northern California. Offering decades of top production and experience and consistently recognized among the leading apartment sales brokers within the region, the team is led by Keith Manson, Vice Chair and includes teammates Zachary Greenwood, Managing Director and Mac Watson, Senior Director. The trio will lead Cushman & Wakefield’s Northern Califor...
Cushman & Wakefield: U.S. Industrial Quarterly Net Absorption Up 10.5%...
CHICAGO--(BUSINESS WIRE)-- The overall national industrial vacancy rate edged higher in the fourth quarter, climbing 20 basis points (bps) to 6.7%, according to the latest research by Cushman & Wakefield (NYSE:CWK). This remains 30 basis points (bps) below the 10-year, pre-pandemic average. “Industrial vacancy is likely nearing its peak for this cooling cycle in the coming quarters,” said Jason Price, Senior Director, Americas Head of Logistics & Industrial Research. “In Q4 we saw positive annual absorption in 60% of the 84 markets we track, and eight markets reported more than 5 million squ...
Cushman & Wakefield Adds Broker Trio to Atlanta Office Agency Leasing ...
ATLANTA--(BUSINESS WIRE)-- announced the commercial real estate services firm has added Stephen Clifton and Zach Wooten as Executive Directors and Payton Maxheimer as an Associate. The trio will bolster the firm’s Office Agency Leasing team in Atlanta and focus on representing landlords in marketing and leasing buildings throughout the metro area. This press release features multimedia. View the full release here: Stephen Clifton (Photo: Business Wire) "In today's evolving office market, our priority is building the right team to deliver exceptional service and client-focused solutions. I'm ...
Moody's Ratings announces completion of a periodic review of ratings o...
Moody's Ratings (Moody's) has completed a periodic review of the ratings of Cushman & Wakefield U.S. Borrower, LLC. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 15 November 2024 in which we reassessed the appropriateness of the ...
Cushman & Wakefield Named a 2025 Military Friendly® Top Five Employer
CHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has ranked fifth in the Top Ten 2025 Military Friendly® Employers with revenue over $5 billion for its meaningful efforts to recruit, retain and develop veteran talent in the U.S. The firm has now been recognized as a Military Friendly® Top 10 Employer for three consecutive years, and a Military Friendly® Employer for seven consecutive years. The firm was also named a Military Friendly® Spouse Employer, ranking eighth for 2025, recognizing the firm’s commitment to helping military spouse em...
Cushman & Wakefield Reports Financial Results for the Third Quarter 20...
CHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield (NYSE: CWK) today reported financial results for the third quarter of 2024. “This quarter marked an important turning point. We reported the highest quarter of global Leasing revenue growth and the first quarter of Americas Capital markets revenue growth since the second quarter of 2022. We also continued to generate strong free cash flow which facilitated the recent full repayment of our term loan due in 2025 well ahead of schedule,” said Michelle MacKay, Chief Executive Officer of Cushman & Wakefield. “The strategic work we have completed over ...
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