Articles from Cushman & Wakefield

Cushman & Wakefield 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.

Cushman & Wakefield (NYSECWK) 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:

Cushman & Wakefield (NYSECWK) 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.

Cushman & Wakefield announced today that Dave Lancaster joined the firm as Executive Managing Director in the firm’s Equity, Debt & Structured Finance (EDSF) platform.

Cushman & Wakefield (NYSECWK), 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.

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 California Multifamily Capital Markets.

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 (NYSECWK). This remains 30 basis points (bps) below the 10-year, pre-pandemic average.

Cushman & Wakefield 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.

Cushman & Wakefield (NYSECWK), 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.

Cushman & Wakefield (NYSECWK) today reported financial results for the third quarter of 2024.

Cushman & Wakefield (NYSECWK) announced that it has successfully completed a repricing of approximately $1.0 billion of its Term Loan issued in April 2024 due 2030 (“Term Loan”). The repricing reduces the applicable interest rate on the Term Loan by 50 basis points from Term SOFR plus 3.75% to Term SOFR plus 3.25%. There are no changes to the maturity of the Term Loan following this repricing and all other terms are substantially unchanged. Additionally, on October 1, 2024, the Company elected to prepay the remaining $48 million of its term loan due 2025. Combined with the Company's August 2024 prepayment of $50 million of its term loan due 2025, the October payment brings the aggregate year-to-date debt repayment total to $200 million. The Company has now repaid in full the outstanding 2025 tranche and has no funded debt maturities until 2028.

Cushman & Wakefield (NYSECWK) will release its third quarter 2024 financial results after the close of trading at 4:05 p.m. ET on Monday, November 4, 2024. Management will host a conference call following the release at 5:00 p.m. ET on Monday, November 4, 2024, to discuss the financial results. The conference call can be accessed as follows:

Cushman & Wakefield (NYSECWK), a leading global real estate services firm, has released its latest research report on data center markets, showing that power and component lead times continue to slow delivery of new supply. The vacancy rate in the Americas has fallen to 3%, with over 80% of deliveries pre-leased in major markets, pushing lease rates higher.

Cushman & Wakefield (NYSECWK), a leading global real estate services firm, today released Reimagining Cities: Disrupting the Urban Doom Loop—an in-depth research report that puts 15 U.S. cities under the microscope to identify the real estate portfolios cities currently have versus what they need, given how much the economy has changed post-pandemic. In doing so, a few key findings emerge.

Cushman & Wakefield (NYSECWK), a leading global real estate services firm, today released its 2023 Sustainability Report. The report demonstrates the firm’s global impact and performance across key sustainability areas during 2023, and progress on future targets that will help shape a more sustainable, inclusive future for the firm’s people, clients, planet and communities.

Cushman & Wakefield (NYSECWK), a leading global real estate services firm, was recently recognized as one of America's Greatest Workplaces for Parents and Families 2024 by Newsweek and Plant-A Insights Group, receiving a top score with a five-star rating.

Cushman & Wakefield (NYSECWK) today announced the hiring of Miles Treaster as President, Capital Markets, Americas, adding proven institutional real estate debt and equity capital markets and investment expertise to the firm’s executive leadership team.

Cushman & Wakefield (NYSECWK), a leading global real estate services firm, was recently recognized as one of the World’s Most Sustainable Companies of 2024 by TIME. This award is presented by TIME and Statista Inc., the world-leading statistics portal and industry ranking provider.

Cushman & Wakefield (NYSECWK) today reported financial results for the second quarter of 2024.

Cushman & Wakefield (NYSECWK) will release its second quarter 2024 financial results after the close of trading at 4:05 p.m. ET on Monday, July 29, 2024. Management will host a conference call following the release at 5:00 p.m. ET on Monday, July 29, 2024, to discuss the financial results. The conference call can be accessed as follows:

Persistent inflation continues to influence the Federal Reserve’s decision making in 2024, amidst ongoing moderation in overall economic and labor conditions. These factors create a complex and mixed outlook for commercial real estate assets according to Cushman & Wakefield’s (NYSECWK) mid-year Macro Outlook report.

Cushman & Wakefield (NYSECWK) announced that it has successfully completed a repricing of approximately $1.0 billion 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 3.25% to Term SOFR plus 3.00%. There are no changes to the maturity of the Term Loan following this repricing and all other terms are substantially unchanged. Additionally, on June 17th, 2024, the Company elected to prepay an additional $45 million of its Term Loan due 2025, bringing the aggregate year-to-date debt repayment total to $100 million. The Company expects that the two Term Loan repricings in addition to the $100 million repayment of debt year-to-date will produce cash interest expense savings of approximately $14 million annually.

Cushman & Wakefield’s (NYSECWK) latest report on U.S. Ports shows 13 key port-proximate industrial real estate markets have experienced cooling demand coupled with rising vacancy rates and tempered rent growth.

Cushman & Wakefield announced the commercial real estate services firm has named Joseph Caridi as its new Managing Principal for South Florida, effective late June. Caridi will be responsible for the firm’s Miami, Fort Lauderdale, Boca Raton, and West Palm Beach markets and oversee more than 450 professionals across the South Florida region.

Cushman & Wakefield (NYSECWK), a leading global real estate services firm, was recently recognized on the Forbes list of America's Best Employers for New Grads 2024. The annual award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider.

Cushman & Wakefield (NYSECWK) announced today that the real estate services firm has hired David Bukovac as Global Head of Integrated Facilities Management (IFM) on the firm’s Global Occupier Services (GOS) Leadership team. In his role, Bukovac will focus on providing a seamless offering of services to the firm’s facilities management clients.

Cushman & Wakefield plc (NYSECWK) (“Cushman & Wakefield”) announced today the launch of a proposed underwritten public offering of 26,513,041 ordinary shares. Cushman & Wakefield is not offering any ordinary shares. All of the ordinary shares are being offered by existing shareholders and Cushman & Wakefield will not receive any of the proceeds from the offering. The underwriter will offer the shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. The last reported sales price of Cushman & Wakefield’s ordinary shares on May 17, 2024 was $11.72 per share. The selling shareholders include funds affiliated with TPG and PAG Asia Capital.

Cushman & Wakefield (NYSECWK) today reported financial results for the first quarter of 2024.

Cushman & Wakefield (NYSECWK), a leading global real estate services firm, announces that it has been appointed by Standard Chartered Bank (the Bank) to provide services to support its Asia workplace transformation, and Global Asset and Transaction Management for the Bank’s 11m square foot global real estate portfolio.

Cushman & Wakefield announced today that the real estate services firm has earned the designation of VETS Indexes 5 Star Employer in the 2024 VETS Indexes Employer Awards. The award recognizes the organization’s commitment to recruiting, hiring, retaining, developing and supporting veterans and the military-connected community.

Cushman & Wakefield (NYSECWK) will release its first quarter 2024 financial results after the close of trading at 4:05 p.m. ET on Monday, April 29, 2024. Management will host a conference call following the release at 5:00 p.m. ET on Monday, April 29, 2024, to discuss the financial results. The conference call can be accessed as follows:

Cushman & Wakefield (NYSECWK) today announced that it has successfully completed a repricing of $1.0 billion of its Term Loan (“Term Loan”) due 2030. The repricing reduces the applicable interest rate on the $1.0 billion of Term Loan issued in August 2023 by 25bps from Term SOFR plus 4.00% to Term SOFR plus 3.75%. There are no changes to the maturity of the Term Loan following this repricing and all other terms are substantially unchanged. Additionally, the Company announced that during the first quarter it elected to prepay $50 million of its Term Loan due 2025. The Company estimates that the repricing and optional prepayment of debt will produce cash interest expense savings of approximately $6 million annually.

Cushman & Wakefield (NYSECWK), a leading global real estate services firm, today announced Luke Herbert has joined the firm as Senior Vice President, Global Treasurer. Herbert will be based in New York City, reporting to the firm’s Chief Financial Officer, Neil Johnston.

Cushman & Wakefield (NYSECWK) announced today that the commercial real estate services firm will participate in the MIT Working Group on Generative AI and the Work of the Future. This initiative, led by the Massachusetts Institute of Technology (MIT), aims to explore the implications of generative AI on the future of work.

Cushman & Wakefield (NYSECWK), a leading global real estate services firm, is pleased to announce the appointment of Jessica Francisco as the company’s first chief sustainability officer (CSO). In this new role, Francisco will report to the company’s chief investment & strategy officer.

Cushman & Wakefield announced today that the real estate services firm has been awarded a new commercial property management assignment by Nuveen Real Estate for One Boston Place and 501 Boylston Street, totaling 1,415,003 square feet. In addition to the new assignments, Nuveen has also renewed Cushman & Wakefield’s contract to provide property management services at 99 High Street and the Fort Point Portfolio, which consists of an additional 1,042,503 square feet for a grand total of 2,457,506 square feet of assignments for the firm’s Property Management team. As part of the transition, Cushman & Wakefield has hired 16 incumbent professionals from the One Boston Place and 501 Boylston Street management teams.

Cushman & Wakefield, a leading global real estate services firm, earned three company-level recognitions by Fitwel for its Best in Building Health (BiBH) awards.

Cushman & Wakefield (NYSECWK), a leading global real estate services firm, has been recognized as one of America’s Greatest Workplaces for Women 2024 by Newsweek and Plant-A Insights Group, receiving a top score with a five-star rating.

Cushman & Wakefield (NYSECWK), a leading global commercial real estate services firm, has received the 2024 ENERGY STAR® Partner of the Year—Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA). This marks the 12th consecutive year that the firm has been named an ENERGY STAR Partner of the Year, and the 10th consecutive year that it has received the Sustained Excellence distinction, demonstrating outstanding leadership year-over-year.

Cushman & Wakefield (NYSECWK), a leading global real estate services firm, has been named to The Global Outsourcing 100® list in the Leader category for large established global firms by the International Association of Outsourcing Professionals® (IAOP®) for the 13th consecutive year. The Global Outsourcing 100 recognizes excellence and continuous improvement among service providers and advisors from industries including real estate and capital asset management, manufacturing and logistics, facility services, information technology, and business process outsourcing.

Cushman & Wakefield announced today that C&W Services has hired Michael Gill as Senior Director, Client Services, New England. Gill will oversee all Engineering & Maintenance operations in New England, a geographic stronghold for C&W Services, and take a critical leadership role within the region. He will spearhead client partnerships across key accounts including BXP, which recently renewed services for another five years with C&W Services.

Cushman & Wakefield (NYSECWK) today announced the appointments of Jennifer McPeek and Raj Vennam to its Board of Directors, effective March 18, 2024.

Cushman & Wakefield (NYSECWK), a leading global real estate services firm, has been named a top two real estate brand by The Lipsey Company, an international leader in training and consulting specializing in the commercial real estate industry. Since 2002, The Lipsey Company has set the standard for the industry’s most recognizable brands by publishing its annual Top 25 Brand Survey.

Cushman & Wakefield (NYSECWK) today reported financial results for the fourth quarter and full year of 2023:

Cushman & Wakefield (NYSECWK), a leading global real estate services firm, has been recognized on the Forbes list of America's Best Large Employers 2024. The annual award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider.

Cushman & Wakefield today released a new report, The Bright Side of Office: Opportunities in the Urban Core. The report explores some of the optimistic factors working in favor of office space in North American urban centers.

Cushman & Wakefield (NYSECWK), a global leader in real estate services, today announced an innovative and strategic collaboration with Measurabl, a leading provider of environmental, social, and governance (ESG) performance data solutions.

Cushman & Wakefield (NYSECWK), a global leader in real estate services, today announced Aubrey Waddell has been named Chief Executive Officer of the firm’s Global Occupier Services (GOS) division.

Cushman & Wakefield (NYSECWK), a global leader in real estate services, today announced the firm is working with Microsoft to deploy an advanced suite of artificial intelligence (AI) solutions.

Cushman & Wakefield (NYSECWK) will release its fourth quarter and full year 2023 financial results after the close of trading at 4:05 p.m. ET on Tuesday, February 20, 2024. Management will host a conference call following the release at 5:00 p.m. ET on Tuesday, February 20, 2024, to discuss the financial results. The conference call can be accessed as follows:

Cushman & Wakefield (NYSECWK) announced the firm has appointed Executive Vice Chair Rob Rubano as the firm’s Head of Equity, Debt & Structured Finance (EDSF) for the Americas. Rubano will work together with the firm’s Executive Leadership to drive consistency and quality in client delivery and engagement, further technology enhancements to promote data driven insights and transparency, and contribute to the growth, scalability, and operational effectiveness of its EDSF platform.

Cushman & Wakefield (NYSECWK), today announced its Asset Optimization Group, renewing the company's commitment to supporting lenders, investors and servicers of underperforming assets.

Cushman & Wakefield announced the firm’s Northern California Asset Services has been selected by the Presidio Trust to provide commercial property management services for its tenants at the Presidio of San Francisco, a unique national park site and National Historic Landmark at the base of the Golden Gate Bridge. Cushman began in the role on December 1. The Presidio is home to a mix of office, retail, cultural, and industrial/flex space across more than 171 mostly historical properties. The contract encompasses approximately 2.5 million square feet of space.

Cushman & Wakefield (NYSECWK) today released its 2024 U.S. Macro Outlook report which describes the economic landscape as a rolling recession, one in which some industries contract while others continue to expand. Sectors that are currently experiencing some version of a recession include manufacturing, transportation and warehousing, finance, and real estate. But the report emphasizes that within the commercial property sector there are both strengths and weaknesses.

Cushman & Wakefield announced today that Chris Hipps has joined the firm as Texas Managing Principal. He will start on January 2. Hipps will lead Cushman & Wakefield’s advisory professionals across Texas as the firm further grows, refines and integrates client services; develops new business; and continues to add top talent. He will be based in Dallas.

Cushman & Wakefield announced today that the real estate services firm has promoted Jeremy Edmiston to Executive Director, U.S. Lead Build-To-Rent/Single-Family Rent (BTR/SFR). In this new role, he will collaborate with the firm’s Capital Markets and Debt teams to provide unified BTR/SFR end-to-end solutions for Cushman & Wakefield’s clients.

Cushman & Wakefield (NYSECWK), a leading global commercial real estate services firm, proudly announces that it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.

Greystone, a leading national commercial real estate finance company, and Cushman & Wakefield (NYSECWK), a leading global real estate services firm, jointly announce that Blake Okland, Greystone’s Chief Revenue Officer, will expand his duties and assume the additional role of President, Multifamily Capital Markets at Cushman & Wakefield, effective December 1.

Cushman & Wakefield (NYSECWK) today released its 33rd edition of Main Streets Across the World, examining retail rental rates in prime locations in cities around the world.

Cushman & Wakefield (NYSECWK), a leading global commercial real estate (CRE) services firm, today announced it intends to embed Artificial Intelligence (AI) across its commercial real estate transaction lifecycle, to enhance client and employee outcomes. As part of AI+ – the firm’s new, exclusive digital transformation strategy, powered by AI and underpinned by proprietary data and partnerships – Cushman & Wakefield is digitally advancing operations, client delivery and data stewardship to create a new industry standard for CRE while enhancing the firm’s own productivity.

Cushman & Wakefield (NYSECWK), a leading global real estate services firm, has ranked fourth in the Top Ten 2024 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® Employer for six consecutive years.

Cushman & Wakefield (NYSECWK) today announced Michelle Felman has been appointed to its Board of Directors, effective November 2, 2023.

Cushman & Wakefield (NYSECWK) today reported financial results for the third quarter of 2023:

Cushman & Wakefield (NYSECWK) will release its third quarter 2023 financial results after the close of trading at 4:05 p.m. ET on Monday, October 30, 2023. Management will host a conference call following the release at 5:00 p.m. ET on Monday, October 30, 2023, to discuss the financial results. The conference call can be accessed as follows:

Cushman & Wakefield plc (NYSECWK) (“Cushman & Wakefield”) today announced that its indirect wholly owned subsidiary, Cushman & Wakefield U.S. Borrower, LLC (the “Company”), has closed its previously announced offering of $400 million of its 8.875% senior secured notes due 2031 (the “Notes”). The Notes were offered in a private placement exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).

Cushman & Wakefield (NYSECWK), a leading global commercial real estate services firm, today released its 2022 Environmental, Social and Governance (ESG) Report. The ESG Report covers the firm’s global impact and progress across key ESG areas during 2022, and progress on targets for the years to come as the firm helps shape a more sustainable, inclusive future for commercial real estate.

Cushman & Wakefield plc (NYSECWK) (“Cushman & Wakefield”) today announced that its indirect wholly owned subsidiary, Cushman & Wakefield U.S. Borrower, LLC (the “Issuer”), has priced its previously announced offering and will issue $400 million of 8.875% senior secured notes due 2031 (the “Notes”) in a private placement exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).

Cushman & Wakefield plc (NYSECWK) (“Cushman & Wakefield”) today announced that its indirect wholly owned subsidiary, Cushman & Wakefield U.S. Borrower, LLC (the “Issuer”), plans to conduct an offering of up to $500,000,000 in aggregate principal amount of senior secured notes due 2031 (the “Notes”) in a private placement exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), subject to market conditions. The Issuer intends to use the net proceeds from the offering, together with the proceeds from a new term loan facility with an expected maturity of January 31, 2030 (the “New 2030 Term Loan Facility”) that the Issuer expects to enter into concurrently with the issuance of the Notes, to refinance all or a portion of existing indebtedness outstanding under the Issuer’s $1.6 billion Senior Secured Term Loan maturing August 21, 2025. The issuance of Notes is not conditioned upon the Issuer obtaining the New 2030 Term Loan Facility.

Cushman & Wakefield (NYSECWK) today reported financial results for the second quarter of 2023:

Cushman & Wakefield (NYSECWK) will release its second quarter 2023 financial results after the close of trading at 4:05 p.m. ET on Monday, July 31, 2023. Management will host a conference call following the release at 5:00 p.m. ET on Monday, July 31, 2023, to discuss the financial results. The conference call can be accessed as follows:

Cushman & Wakefield (NYSECWK), a leading global commercial real estate services firm, will collaborate with Salesforce to enhance the company’s environmental, social, and governance (ESG) tracking and reporting capabilities. A venture to accelerate progress toward the firm’s science-based targets to achieve net zero greenhouse gas (GHG) emissions across its entire value chain, Cushman & Wakefield will leverage Salesforce Net Zero Cloud globally to efficiently track, analyze and report reliable ESG data and insights.

Cushman & Wakefield's (NYSECWK) Greater China Capital Markets team recently facilitated the acquisition by CapitaLand Investment Private Fund of the Beijing Suning Life Plaza mixed-use development from Suning for approximately US$400 million.

Cushman & Wakefield is deeply saddened to announce the passing of John C. Cushman, III, member of Cushman & Wakefield’s founding family who passed away on May 4, 2023. Over the course of his 60-year career, John’s iconic legacy in business, the commercial real estate industry and as a global citizen stands as a key pillar in Cushman & Wakefield’s history. We extend our sincerest condolences to his family, friends and all who join us in mourning this great loss.

Cushman & Wakefield (NYSECWK) today reported financial results for the first quarter of 2023:

Cushman & Wakefield (NYSECWK) announced today that the Board of Directors has accepted John Forrester’s intent to retire from his position as Chief Executive Officer (CEO) and member of the Board of Directors, effective June 30, 2023, following 35 years of service to the company. As part of the Company’s long-standing succession plan, Cushman & Wakefield’s Board of Directors appointed Michelle MacKay, currently President and Chief Operating Officer (COO), to assume the role of CEO as of July 1, 2023. Mr. Forrester will remain employed as a strategic advisor until December 31, 2023. In addition, Ms. MacKay was elected to serve on the Board of Directors, effective July 1, 2023. Brett White will remain as Executive Chairman of the Board.