Colliers Houston & Co. to Merge With Seven of the Premier Commercial Real Estate Service Providers in the U.S.
By Mel Fabrikant Monday, January 18, 2010, 02:56 PM EST
- Leading New Jersey firm joins one of the largest commercial real estate providers in the country now known as Cassidy Turley -
Colliers Houston & Co. of New Jersey has signed an agreement to merge their company into a new company comprised of seven other large commercial real estate providers. As announced on January 11, 2010, Colliers Houston will join Colliers Turley Martin Tucker, Cassidy & Pinkard Colliers, Colliers Pinkard, Colliers ABR, BT Commercial in Northern California, BRE Commercial in Southern California and BRE Commercial in Arizona in rebranding as Cassidy Turley.
Effective March 1, 2010, they will officially launch the new brand, structure, logo and website. The launch of the new brand is the initial step in communicating the company’s comprehensive and enhanced strategy.
“This transaction was a year in the making for our firm and one that was solely driven by what’s in the best interests of our clients and employees,” stated David Houston, President of Colliers Houston & Co. “I have personally known the principals of each of these firms for many, many years and am delighted that we are joining forces to create one of the most dynamic, employee owned, independent real estate firms in the country. By merging our firm into Cassidy Turley, we have achieved all of our objectives of building on our platform while preserving the entrepreneurial and cultural qualities that were important to us.”
Colliers Houston & Co. of New Jersey is one of the oldest and most respected commercial real estate service providers in the greater New Jersey area. Founded in Newark as E.E. Bond & Co. in 1845, the firm is now headquartered in Teaneck and operates two additional offices in Parsippany and Somerset. The firm’s 34 brokerage professionals serve Northern, Central and Southern New Jersey.
Throughout its distinguished history, the firm has represented many of the state’s leading tenants, landlords and financial institutions. It has been involved in many of the developments that have sculpted the state of New Jersey.
The firm consistently has ranked as one of the most active in the state, providing a full array of industrial and office brokerage services, including both tenant and landlord representation investment services; multimodal services; consulting; marketing/research; property management; and construction management.
“Our goals have always been to develop the highest level of knowledge, expertise and resources for our clients in order to customize solutions that meet their needs and to create a great platform for our employees to utilize in growing their careers,” said Houston. “We were also seeking a solution that would make the company a unique and attractive place for both young and experienced professionals.”
Three years ago, Colliers Houston’s senior management team began exploring opportunities to enhance its service lines and expand its platform while maintaining its culture and operating as an employee-owned organization. Conversations with several Colliers firms began in fall 2008, culminating in this merger, which makes Colliers Houston part of the largest employee-owned brokerage firm in the country, with 360 shareholders.
“We believe that remaining private provides us with a compelling advantage for attracting and retaining the best talent in the marketplace,” added David Simon, Chief Operating Officer of Colliers Houston & Co. “Our new company will be uniquely positioned to offer professionals a terrific platform, an exceptional culture and the opportunity to become an owner.”
Cassidy & Pinkard Colliers, Colliers Turley Martin Tucker, Colliers ABR and Colliers Pinkard merged in August 2008. The three U.S. Western firms joining Cassidy Turley are BT Commercial in Northern California (formerly affiliated with NAI), BRE Commercial in Southern California and BRE Commercial in Arizona (both formerly affiliated with Grubb & Ellis). This adds 15 new locations in Northern California and five new locations in Southern California. Since the additional firms joined the partnership, the number of Cassidy Turley shareholders has grown from 200 to 360.
Cassidy Turley’s executive leadership team includes Wally Pinkard, Chairman; Mark Burkhart, CEO; Joseph Stettinius, President; John Fleury, COO; Bill Florent, CFO; Bill Collins, Senior Managing Director, Capital Markets; Mark Boisi, Chairman New York; John Frager, President & CEO BRE Commercial Southern California; Bryon Carney, President & Managing Principal; Mike Kamm, CEO, BT Commercial; David Houston, President, Colliers Houston & Co.; and Dean Mueller, Executive Vice President, Investor Services.
In providing clients with integrated, tailored solutions, Cassidy Turley delivers high-quality end-to-end commercial real estate services, specializing in Capital Markets; Corporate Services (a division that supports more than 22,000 locations for Fortune 1,000 companies); Landlord and Tenant Representation, Property Management and Project and Development Services. Cassidy Turley offers first-class market research and industry expertise for the following practice groups: Automotive, Food Facilities, Healthcare, Higher Education, Hospitality, Law Firm, Life Sciences, Not-for-Profit and Retail.
Cassidy Turley will expand and broaden service offerings to both investors and users and capitalize on market-driven businesses such as distressed assets, allowing the company to remain competitive in today’s marketplace.
Colliers Houston & Co. of New Jersey has signed an agreement to merge their company into a new company comprised of seven other large commercial real estate providers. As announced on January 11, 2010, Colliers Houston will join Colliers Turley Martin Tucker, Cassidy & Pinkard Colliers, Colliers Pinkard, Colliers ABR, BT Commercial in Northern California, BRE Commercial in Southern California and BRE Commercial in Arizona in rebranding as Cassidy Turley.
Effective March 1, 2010, they will officially launch the new brand, structure, logo and website. The launch of the new brand is the initial step in communicating the company’s comprehensive and enhanced strategy.
“This transaction was a year in the making for our firm and one that was solely driven by what’s in the best interests of our clients and employees,” stated David Houston, President of Colliers Houston & Co. “I have personally known the principals of each of these firms for many, many years and am delighted that we are joining forces to create one of the most dynamic, employee owned, independent real estate firms in the country. By merging our firm into Cassidy Turley, we have achieved all of our objectives of building on our platform while preserving the entrepreneurial and cultural qualities that were important to us.”
Colliers Houston & Co. of New Jersey is one of the oldest and most respected commercial real estate service providers in the greater New Jersey area. Founded in Newark as E.E. Bond & Co. in 1845, the firm is now headquartered in Teaneck and operates two additional offices in Parsippany and Somerset. The firm’s 34 brokerage professionals serve Northern, Central and Southern New Jersey.
Throughout its distinguished history, the firm has represented many of the state’s leading tenants, landlords and financial institutions. It has been involved in many of the developments that have sculpted the state of New Jersey.
The firm consistently has ranked as one of the most active in the state, providing a full array of industrial and office brokerage services, including both tenant and landlord representation investment services; multimodal services; consulting; marketing/research; property management; and construction management.
“Our goals have always been to develop the highest level of knowledge, expertise and resources for our clients in order to customize solutions that meet their needs and to create a great platform for our employees to utilize in growing their careers,” said Houston. “We were also seeking a solution that would make the company a unique and attractive place for both young and experienced professionals.”
Three years ago, Colliers Houston’s senior management team began exploring opportunities to enhance its service lines and expand its platform while maintaining its culture and operating as an employee-owned organization. Conversations with several Colliers firms began in fall 2008, culminating in this merger, which makes Colliers Houston part of the largest employee-owned brokerage firm in the country, with 360 shareholders.
“We believe that remaining private provides us with a compelling advantage for attracting and retaining the best talent in the marketplace,” added David Simon, Chief Operating Officer of Colliers Houston & Co. “Our new company will be uniquely positioned to offer professionals a terrific platform, an exceptional culture and the opportunity to become an owner.”
Cassidy & Pinkard Colliers, Colliers Turley Martin Tucker, Colliers ABR and Colliers Pinkard merged in August 2008. The three U.S. Western firms joining Cassidy Turley are BT Commercial in Northern California (formerly affiliated with NAI), BRE Commercial in Southern California and BRE Commercial in Arizona (both formerly affiliated with Grubb & Ellis). This adds 15 new locations in Northern California and five new locations in Southern California. Since the additional firms joined the partnership, the number of Cassidy Turley shareholders has grown from 200 to 360.
Cassidy Turley’s executive leadership team includes Wally Pinkard, Chairman; Mark Burkhart, CEO; Joseph Stettinius, President; John Fleury, COO; Bill Florent, CFO; Bill Collins, Senior Managing Director, Capital Markets; Mark Boisi, Chairman New York; John Frager, President & CEO BRE Commercial Southern California; Bryon Carney, President & Managing Principal; Mike Kamm, CEO, BT Commercial; David Houston, President, Colliers Houston & Co.; and Dean Mueller, Executive Vice President, Investor Services.
In providing clients with integrated, tailored solutions, Cassidy Turley delivers high-quality end-to-end commercial real estate services, specializing in Capital Markets; Corporate Services (a division that supports more than 22,000 locations for Fortune 1,000 companies); Landlord and Tenant Representation, Property Management and Project and Development Services. Cassidy Turley offers first-class market research and industry expertise for the following practice groups: Automotive, Food Facilities, Healthcare, Higher Education, Hospitality, Law Firm, Life Sciences, Not-for-Profit and Retail.
Cassidy Turley will expand and broaden service offerings to both investors and users and capitalize on market-driven businesses such as distressed assets, allowing the company to remain competitive in today’s marketplace.
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