Cushman & Wakefield is rumored to be close to purchasing investment sales and mortgage brokerage Massey Knakal Realty Services in its entirety for $100 million. A source with knowledge of the deal said the purchase should close today.
New York-based Massey Knakal had hired financial services firm Perella Weinberg Partners to sell either a 49 percent stake in it or the entire firm last month, according to previous reports.
A representative for Massey Knakal declined to comment on the sale. Via a spokesperson C&W said “Massey Knakal is one of the premiere real estate brokerage and advisory services firms, but as a matter of policy we do not comment on market rumors or speculation regarding potential strategic transactions.”