EXCLUSIVE: Cresa Acquires Fischer, Its Biggest Occupier-Only Rival

Cresa purchased its biggest direct competitor and developer of a popular portfolio management software.   Dallas-based Fischer, a tenant advisory firm with 110 staff members, is being rolled into Cresa. The merger significantly boosts the size of Cresa’s portfolio business and follows several smaller acquisitions over the last two years.  “We’re the largest occupier-only focused advisory firm and they were the second-largest,” Cresa CEO Tod Lickerman said in an interview. “We both have the same privilege of focus. It’s such a good fit, it’s a natural for them and for us.”