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In 1994, Heitman acquired JMB Realty's institutional asset management and non-retail property management businesses. These businesses were in the same area as Heitman and was believed to complement the firm. After the acquisition Heitman's assets under management doubled in size from $6 billion to 12 billion. [1] [6] [7] [8]
Cushman & Wakefield is among the world's largest commercial real estate services firms, with revenues of US$9.5 billion in 2023. The company operates from approximately 400 offices in 60 countries, has around 52,000 employees and manages about 5,100 million sq ft (470 million m 2 ) of commercial space.
Cresa is an international commercial real estate firm headquartered in Chicago, IL.Cresa is notable for its occupier-only real estate representation services including Transaction Management (lease & sale), Building Technology Solutions [buzzword], Consulting, Facilities Management, Global Portfolio Solutions [buzzword], Investment Banking, Lease Administration, Location Strategy & Economic ...
In September 2020, the company's retail group announced a layoff of 20% of its workforce of about 2,000 people. [28] Around June 2021, the company opened an office in Sydney, Australia. [29] In May 2023, Brookfield Properties announced a purchase of a 115,000 square foot Doral warehouse at 1500 Northwest 95th Avenue for $16 million. [30]
Magellan Development Group, LLC is an American real estate and property development company that was formed in 1996 as a result of a long term corporate partnership between Joel Carlins and James Loewenberg. The company's chief executive officer is David Carlins and J.R. Berger is a principal.
CIM Group invests in commercial property on behalf of large institutions such as pensions. As of December 31, 2020, the company owned $29.2 billion worth of commercial property. As of December 31, 2020, the company owned $29.2 billion worth of commercial property.