C&W Agrees to Buy Stake in Sonnenblick

Cushman & Wakefield, a privately held commercial real estate service firm based in New York, has announced a preliminary agreement to acquire a majority ownership stake in Sonnenblick-Goldman LLC, a privately held real estate investment banking specialist.The terms of the deal were not disclosed. The companies said the partnership would create a global leader in real estate financial services that would offer "highly specialized" mortgage banking, equity raising, brokerage, and associated advisory services. "The integration of Sonnenblick Goldman with Cushman & Wakefield's robust investment sales business will enhance the ability of both firms to offer comprehensive capital solutions on a global basis," said Chris Lowery, chief executive officer of capital markets at Cushman & Wakefield. The companies can be found online at http://www.cushmanwakefield.com and http://www.sonngold.com.