Business & Real Estate

Real estate firm Cassidy Turley is sold

Cassidy Turley, a commercial real estate firm with operations in the Sacramento area, has been sold.

The Washington, D.C.-based company announced Monday it has agreed to be sold to an investment consortium that owns DTZ Investment Holdings, a global real estate firm. Cassidy Turley will be renamed DTZ after the deal closes at year’s end.

Terms of the deal weren’t disclosed.

The deal comes just two months after DTZ was purchased by a consortium led by Texas-based investment firm TPG, Hong Kong investment firm PAG Asia Capital and the Ontario Teachers’ Pension Plan of Canada.