Asia

Cushman & Wakefield, one of the biggest commercial brokerages in New York City, has called a press conference at 10:30 on Tuesday morning at the Rainbow Room. A spokesperson for the brokerage told The Real Estate that "big news" would be announced, possibly involving a merger or acquisition.

Will this press conference have an Italian flavor? Or will last-minute rumors about Vornado buying Cushman pan out?  read more »

UPDATE: The IFIL Group, controlled by the the Agnelli family, will buy a 67.5 percent stake of Cushman & Wakefield for $563 million. The release after the jump and details to follow. - Tom Acitelli & John Koblin

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