Commercial real estate services firm Cushman & Wakefield has reached an agreement to acquire Burnham Real Estate, a San Diego-based independent commercial real estate services firm.
The agreement is expected to position Cushman & Wakefield as the leading commercial real estate firm in San Diego and further strengthen the firm's Southern California operations, according to the companies.
Burnham Real Estate offers services such as traditional brokerage, corporate services, asset services, capital markets, advisory services, strategic corporate consulting and project management. The company's total estimated 2007 brokerage and finance transaction volume is $3 billion.
Burnham Real Estate president and CEO Stath Karras will serve as executive managing director of the Cushman & Wakefield San Diego operation, which after Jan. 1, 2008, will include the three former Burnham Real Estate offices under the Cushman &