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2/14/17
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Savills Studley has acquired Cresa Orange County, a move that enables Savills Studley to increase its presence in the region and expand its platform across North America.
Savills Studley has had an office in Orange County since 1987, founded by Executive Vice President Royce Sharf. He, along with Pat Murphy, former Managing Principal of Cresa Orange County will co-manage the expanded operation. Between the two offices, there will be a total headcount of 56, making Savills Studley the largest tenant advisory group in the region.
Savills Studley’s existing Irvine office and the former Cresa Newport Beach office will consolidate into a new, single workplace midyear. Together, the group will continue to provide tenant representation, transaction management, project administration and workplace solutions to occupiers across all industries, with a particular emphasis on the aerospace, technology and professional services sectors. Additionally, there will be an enhanced focus on industrial services and the Inland Empire, where the company already has a presence.
Savills Studley has recently acquired a number of other firms specializing in tenant representation including offices in North Carolina and Seattle in 2016 and San Jose, Palo Alto, Austin and Toronto in 2015. The firm also hired several top-performing teams in New York, Dallas, Phoenix and Denver earlier this year.
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