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November 25, 2015 7:55 PM ET

Real Estate Management and Development

Company Overview of Cushman & Wakefield, Inc., prior to merger with DTZ Holdings plc

Company Overview

As of September 1, 2015, Cushman & Wakefield, Inc. was acquired by DTZ Holdings plc. Cushman & Wakefield, Inc. provides commercial real estate services globally. It offers capital market services, such as corporate finance and investment banking, equity finance, debt and structured finance, and investment sales and acquisitions. The company also provides consulting services, including business continuity and risk management, business incentives, global supply chain and office platform solutions, retail consulting, and world market access services. In addition, it offers corporate occupier and investor services, such as account and facilities management, agency/landlord leasing, lease adminis...

1290 Avenue of the Americas

New York, NY 10104-6178

United States

Founded in 1917





Key Executives for Cushman & Wakefield, Inc., prior to merger with DTZ Holdings plc

Chairman and Chief Executive Officer
Global President
Managing Partner of Russia
Global Chief Financial Officer
Age: 50
Global Chief Operating Officer and Global Chief Integration Officer
Compensation as of Fiscal Year 2015.

Cushman & Wakefield, Inc., prior to merger with DTZ Holdings plc Key Developments

Cushman & Wakefield Announces Resignation of James Crawford, Partner and Head of City Capital Markets

Cushman & Wakefield partner and head of City capital markets James Crawford has left the business. Crawford joined C&W in 2013 after 16 years at Savills to lead the rejuvenation of the agency’s City investment team. City stalwart James Beckham leads the central London investment team at the legacy C&W business. DTZ’s City investment team is led by Martin Lay.

Xerox Corp. Selects Cushman & Wakefield to Market its Prominent Dallas Campus

Xerox Corp. has selected Cushman & Wakefield to market its prominent Dallas campus at the corner of N. Haskell Avenue and North Central Expressway adjacent to Uptown Dallas. Xerox selected Cushman & Wakefield's Chris Harden, Chris Cauthen, Mike Wyatt and Rick Hughes to represent the firm in its marketing of the property.

Sanford Heisler Kimpel LLP Files $40 Million Employment Discrimination Lawsuit against Cushman & Wakefield, Inc

Sanford Heisler Kimpel LLP filed a $40 million employment discrimination lawsuit in Supreme Court, New York County, against Cushman & Wakefield, Inc. The complaint was filed on behalf of San Francisco-based former Head of Research for the Americas, Maria Sicola, who until October 2, 2015 - the day before her sixtieth birthday - was considered by many in and outside the company to be the leading candidate for the Global Head of Research position at the 'new' C&W, formed when DTZ completed a $2 billion acquisition of Cushman and took the Cushman & Wakefield name. Taking a page from the old C&W's playbook, however, instead of promoting Ms. Sicola, the company chose instead, the complaint alleges, to promote a less qualified 39-year-old male, Kevin Thorpe, who had no management or global experience in his prior role as Chief Economist for DTZ. At the same time, C&W terminated Ms. Sicola, an employee of almost 35 years, with four days' notice, effective one business day before she was to attend a prominent industry women's event she had played a primary role in organizing. The complaint alleges that the decision to terminate Ms. Sicola and promote Mr. Thorpe in her place was the culmination of years of unlawful discrimination based on gender and age to which C&W's all male global leadership team subjects women over 40. As the 2015 annual conference of the Urban Land Institute (ULI) approached, featuring thousands of real estate industry leaders from around the world, Ms. Sicola organized a collaboration between ULI's Women's Leadership Initiative and Cushman & Wakefield to promote C&W's recently launched Women's Integrated Network (also called WIN, or WIN@Cushman&Wakefield). Ms. Sicola was scheduled to appear at the ULI/WIN event on October 5 and to represent C&W on a ULI real estate forecasting panel two days later. Instead, C&W abruptly terminated Ms. Sicola just days before the conference, informing her that she would not participate in the ULI panel. In her place, C&W would send its new Head of Research, 39 year-old Kevin Thorpe, whose eight years as Chief Economist at DTZ gave him neither Ms. Sicola's staff management background nor her experience as leader of a much larger research organization with a global reach. Ms. Sicola sues for violations of the California Fair Employment and Housing Act, including discrimination in pay, promotions and other terms and conditions of employment, for unlawful and unfair business practices under the California Unfair Competition Law, and for wrongful termination in violation of California public policy. Ms. Sicola seeks back pay, front pay, compensatory damages, restitution, and punitive damages of $40,000,000, as well as attorneys' fees, costs and expenses, prejudgment and post-judgment interest, and a jury trial.

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