With his transition to CEO of Colliers International, a commercial real estate services firm, set for April 21, Mark Jaccom told the New York Times that Colliers is “in expansion mode.” Although his company manages around 20 million square feet currently, Jaccom said Colliers wants to double that within the next five years, a goal he recognizes is a “tall order.” But Jaccom said he’s adept at nabbing new tenants. “Anybody can lower the rent and throw more concessions,” Jaccom said. “You have to be flexible enough to give a tenant the right to give back space if necessary… we educated our landlords early enough.” Additionally, Jaccom told The Real Deal in the March issue that now may be the time for broker poaching.

Cassidy Turley, the new St. Louis-based real estate corporation created by four former Colliers International affiliates, has officially launched its new brand, Web site and a national advertising campaign. Cassidy Turley filed with the Missouri Secretary of State to incorporate in May 2009, and announced its formation in January, after Colliers International announced its merger with FirstService Real Estate Advisors. Meanwhile, Colliers ABR split from the group to join Cassidy Turley. Mark Boisi, Colliers ABR chairman, told The Real Deal at the time that, “while we are the largest component of Colliers USA, we believe we have outgrown it.” TRD

From left: Mark Boisi, Colliers ABR chairman, and Dylan Taylor, Real Estate Adviors president and CEO

Manhattan-based real estate service company Colliers ABR will not be part of the new firm created through the combination of its global umbrella partnership Colliers International and Seattle-based FirstService Real Estate Advisors, the parent company of Manhattan-based FirstService Williams.

Colliers ABR has elected to become part of a new real estate corporation based in St. Louis called Cassidy Turley, which was created by some of the largest affiliates of Colliers International and is not part of a new combined global company, a source familiar with the deal told The Real Deal.

FirstService REA and Colliers International announced today they would combine to form one of the world’s largest commercial services firms, behind California-based CB Richard Ellis and Chicago-based Jones Lang LaSalle. It will be based in Seattle, Wash., the headquarters of FirstService REA, and the merger will be completed by the end of the second quarter, FirstService Real Estate Advisors president and CEO Dylan Taylor told The Real Deal.  More

[more]