New + Notable

Savills Studley Bolsters Silicon Valley Presence

As reported in the Silicon Valley Business Journal: A year after London-based Savills PLC acquired New York’s Studley Inc., the commercial real estate firm finally has a solid outpost in lucrative Silicon Valley. Savills Studley announced it had acquired Cooper Brady Partners, better known for more than 15 years as Cresa San Jose and Cresa Palo Alto. 

The sale unites tenant rep Savills Studley, which has 27 U.S. offices, with the Valley’s largest pure-play tenant services firm. The two Cresa offices, with 21 brokers and 10 project managers, represent some of the region’s hottest tech and biotech tenants, with recent deals involving EMC, MachineZone, GlobalFoundries, MapR and BAE Systems. Cresa ranked No. 8 on the Business Journal’s 2015 ranking of brokerages by agent count.

Managing principals John Brady, Mike Michaels, and Mark Pearson are staying on under the new ownership.

Read the full article here.