Cushman & Wakefield acquires multifamily brokerage KIG CRE

Vicki Noonan and Susan Tjarksen

Cushman & Wakefield’s Chicago office added the multifamily institutional investment sales team of KIG CRE.

The eight-person team is led by Susan Tjarksen, Todd Stofflet and Jason Stevens, who joined Cushman as managing directors last week, the company said.

KIG CRE brokered more than $2.4 billion in multifamily sales covering more than 33,000 apartments.

The three new managing directors will be joined by KIG CRE’s Laura Ballou, Jacob Albers, Daniel Falkenberg, Caleb Zielke and Brenda Cuellar and will work out of Cushman’s Chicago office, at 225 West Wacker Drive.

Cushman last month reported improving financials in its first quarterly earnings report after going public in August.

Adjusted EBITDA was $168.9 million for the quarter, up 30 percent from the same time last year. Cushman reported a net loss of $32.2 million during the second quarter, which was an improvement from the net loss of $43.7 million the company recorded a year earlier.

Recommend0 recommendationsPublished in Real Estate

Share this story with your network.

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print


Recent Stories

Del Marie: locked down, but not out

The rapper-dancer-performance poet rolls with the pandemic punches. 2020 started off so well. January and February were great months for 27-year-old rapper, dancer, and performance

Read More »

Speak with a local expert now.

Learn more about this recent happening by speaking with an agent.