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1/19/10
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In the latest brokerage services news out of the Bay Area, CPS CORFAC International has reached an agreement in principle to join forces with Cassidy Turley BT Commercial to form Cassidy Turley CPS. In the Bay Area, Cassidy Turley CPS and Cassidy Turley BT Commercial will become the largest Commercial Real Estate firm in the Silicon Valley and Peninsula markets, according to the 2009 San Jose and San Francisco Business Journal Book of Lists Rankings, based on total agent count.
On or about March 1, 2010, Santa Clara-based CPS CORFAC International will rebrand as Cassidy Turley CPS. Additionally, as part of the merger, the San Jose office of BT Commercial will rebrand and operate as Cassidy Turley CPS. Todd Beatty will become Executive Vice President and Managing Partner of Cassidy Turley CPS and will report directly to Mike Kamm, CEO of Cassidy Turley BT Commercial.
Founded in 1977, CPS maintains a roster of 30 brokers in its Santa Clara office and has participated in the development of over 5 msf of buildings, leased or sold over 169 msf of office, industrial, and R&D property, and sold over 6,100 acres of land. Beyond Silicon Valley, CPS has completed real estate assignments in over 15 countries and more than 35 US States since January 2000.
Cassidy Turley BT Commercial has long been one of the leading commercial real estate services firms in Northern California. Locally owned and operated, BT Commercial has over 250 brokers in 15 offices and has completed over $45 bil in transactions in its 29-year history.
Cassidy Turley is a newly formed privately-held commercial real estate firm consisting of eight private firms, from four different networks: BT Commercial San Francisco (formerly the largest affiliate member firm in of NAI); CPS of Santa Clara (formerly a CORFAC affiliate); BRE Commercial San Diego, and BRE Commercial Phoenix (both formerly Grubb & Ellis affiliate member firms); and four former Colliers affiliates – Cassidy & Pinkard, Turley Martin Tucker, Pinkard, and ABR – all merged in August of 2008 to become one company. With the 2010 rebranding as Cassidy Turley, Colliers Houston & Co. of New Jersey also merged in.
Cassidy Turley will combine Turley’s heritage of more than 100 years of commercial real estate service in the Midwest, with the East Coast brand equity and recognition of Cassidy. Upon its announcement last week, Cassidy Turley ranks as one of the nation’s largest firms, with 420 msf of managed space, in 58 locations, and $16 bil in completed transactions for 2008.
Cassidy Turley provides high quality, end-to-end commercial real estate services, specializing in Capital Markets, Landlord and Tenant Representation, Property and Project Management, and Corporate Services, boasting a division that supports more than 22,000 locations for Fortune 1000 companies. Cassidy Turley also offers first class market research, integrated, tailored solutions, and an industry expertise which spans several practice groups, including: Automotive, Food Facilities, Healthcare, Higher Education, Hospitality, Law Firm, Life Sciences, Multi-Family, NNN Leased Investments, and Not-for-Profit sectors.
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