2014

Here’s What’s Happening

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MINNEAPOLIS (Jan. 3, 2014) Cushman & Wakefield/NorthMarq (CWN), through its holding company NorthMarq Companies, has acquired Commerce Real Estate Solutions, an independently owned and operated Cushman & Wakefield Alliance firm based in Salt Lake City, Utah. Together CWN and Commerce employ nearly 750 employees, have annual revenues of more than $100 million, and manage more than 50 million sq. ft. of commercial real estate assets. The acquisition closed Dec. 31, 2013. Terms of the private transaction will not be disclosed.

The firms will begin to leverage the combined service platform in early 2014. “This new relationship makes both firms stronger. We will broaden the capabilities we offer clients, leverage best practices from both companies, and provide expanded opportunities for our employees,” said Jeff Eaton, president-CWN. “In addition, because both of our firms are part of the Cushman & Wakefield global organization, we are already well-aligned operationally.”

Commerce, which has offices in Utah, Nevada, Washington and Idaho, includes 250 employees, 160 of whom are licensed brokerage professionals. The firm has offices in Salt Lake City, Ogden, Park City, Provo, and St. George, Utah; Las Vegas and Reno, Nev.; Seattle and Bellevue, Wash.; and Boise, Idaho. Commerce Real Estate Solutions offers comprehensive brokerage and advisory services for landlords and tenants.

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