ST. LOUIS — Effective March 1, eight commercial real estate brokerage firms will rebrand as Cassidy Turley Commercial Real Estate Services. The primary members of the group include five former Colliers firms that first merged in August 2008. They include Cassidy & Pinkard Colliers in Washington, D.C.; Colliers Turley Martin Tucker in the Midwest; Colliers ABR in New York City; and Colliers Pinkard in Baltimore, and Charlotte and Raleigh, N.C.
The firms will be joined by three other companies: BT Commercial, a former NAI affiliate based in Northern California; BRE Commercial, a former Grubb & Ellis affiliate in Southern California and Arizona; and Colliers Houston & Co. of New Jersey. The three firms add 24 offices and 500 new brokers to the new company, which has 57 locations. Once the partnership is complete, Cassidy Turley will be one of the largest commercial real estate service firms in the country.
“As one of the nation's largest commercial real estate services providers, the Cassidy Turley brand reflects expanding capabilities to service our values clients nationally,” said Mark Berkhart, CEO of Cassidy Turley, in a statement. “By expanding our service offerings, we broaden our business, increase our national geographic footprint and enhance our infrastructure.”
Berkhart will be joined by President Joseph Stettinius. In a statement, Stettinius said, “We are delighted to have BT Commercial in Northern California and BRE Commercial in Southern California and Phoenix — all dominant players in their respective markets — as part of the team. Our goal in growing is no to get bigger, but to get better by offering more services to our clients and more opportunities for our employees.”
In addition to the formal announcement, Cassidy Turley has signed a memorandum of understanding with London-based property consulting firm GVA Grimley that will help the company expand its presence into Europe.
— Coleman Wood