Commercial/Multifamily Briefs from Cushman & Wakefield, GPARENCY

Cushman & Wakefield Acquires Cresa Partners of Los Angeles

Cushman & Wakefield acquired Cresa Partners of Los Angeles Inc. Cresa’s operations comprise three Los Angeles County offices located in West Los Angeles, Woodland Hills and Westlake Village.

Representing occupiers exclusively, Cresa professionals have experience providing commercial real estate services to clients in diverse industries including entertainment, technology, interactive entertainment, professional services, biotech and transportation. The team comprises over 40 professionals, made up of occupier representatives and project managers.

GPARENCY Launches Service to Help Commercial Mortgage Brokers Secure Financing for Clients

GPARENCY, Howell, N.J., launched Broker Assist for commercial mortgage brokers who need help securing and underwriting commercial property mortgages.

Currently, many commercial brokers are struggling with high turnover and are having difficulty recruiting and training staff to underwrite and process commercial mortgages. Broker Assist alleviates this burden by providing brokers with access to GPARENCY’S resources and staff expertise. GPARENCY will also identify banks willing to extend credit and provide detailed term sheets with the most competitive rates, terms, and structure outlining the general financing structure of a deal.

GPARENCY is a growing, membership-based, full-service commercial mortgage brokerage that provides borrowers with access to 3,000 lenders nationwide. Whereas most commercial brokers charge commissions based on the size of a property deal, GPARENCY clients pay a membership fee of $5,000 per year and a flat fee of $11,000 to finance and close deals, regardless of their size.