Business
FirstService adds Colliers Hawaii to its growing real estate platform
FirstService adds Colliers Hawaii to its growing real estate platform.
About this update from Firstservice Corp
[{"type":"text","content":"\n\n\n\nPartners with senior management team in regional market leader\n\n\nTORONTO, June 18 /CNW/ - FirstService Corporation (NASDAQ: FSRV;\nTSX: FSV) today announced that its subsidiary, Colliers Macaulay Nicolls Inc.\n("Colliers CMN"), which operates globally as Colliers International, has\nacquired a majority interest in Colliers Monroe Friedlander ("Colliers\nHawaii"), with senior management, active brokers and employees retaining the\nbalance of the equity. The terms of the transaction were not disclosed.\n\n\nFounded in 1973, Colliers Hawaii is the leading commercial real estate\nservice provider across the Hawaiian Islands. With more than 100 professionals\noperating from two offices, Colliers Hawaii advised on more than\nUS$600 million in commercial real estate transactions last year and manages\nmore than five million square feet of commercial property.\n\n\n"Having worked with the senior managers and brokers of Colliers Hawaii\nfor many years, it was natural for us to partner with them to actively support\nthe long-term growth and development of their business," said Doug Frye, Chief\nExecutive Officer of Colliers CMN and Chairman of Colliers International.\n"Colliers Hawaii is a market leader and an important gateway to the Pacific\nRim, positioning us to further capitalize on our significant and growing\nbusiness in Asia Pacific. By continuing to expand our business with quality\npartners in key growth markets, we continue to improve our service offering to\nour clients and accelerate their success."\n\n\n"The shareholders of Colliers Hawaii are delighted by our new partnership\nwith Colliers CMN and FirstService," said Andrew Friedlander, Co-Founder and\nVice-Chairman of Colliers Hawaii. "Their significant global real estate\nplatform, proven track record and exceptional operating systems will help us\naccelerate our growth both in the United States and throughout Asia Pacific.\nIn addition, the combination of Colliers CMN and FirstService provides us with\nthe resources of a leading global organization while preserving our\nentrepreneurial culture and regional flexibility. We could not have found\nbetter partners."\n\n\n"The acquisition of Colliers Hawaii represents continued progress in\ngrowing our global commercial real estate services platform,&q...