Real estate brokerage Cushman & Wakefield has bought West Coast project management firm PMLA. The terms of the deal were not disclosed.
The purchase marks the second West Coast-area acquisition for Manhattan-based Cushman & Wakefield. In 2001, Cushman & Wakefield bought Cushman Realty Corp.
"Cushman & Wakefield has a long history in project management," says John Santora, executive vice president of asset services for Cushman & Wakefield, in a statement. "The acquisition of PMLA will add resources and talent to our western operations."
Founded in 1992, PMLA offers program, project and relocation management services to both corporate and institutional clients. The firm is based in Los Angeles and San Francisco, with satellite operations in Irvine, San Jose and Seattle. PMLA’s clients include Aetna, AOL, Ernst & Young, Amgen, The Capital Group and Toyota. Over the past two years, its corporate program management group has completed 150 projects in 26 states.
Cushman & Wakefield’s asset services group focuses on property, facilities and project management, as well as agency services. The firm’s management portfolio consists of more than 361 million sq. ft. of space from institutional and corporate clients.