On a recent trip to New York, I had the opportunity to have a conversation with Deidre Bolton of Bloomberg Television about Colliers’ outlook
on commercial real estate.
One of the major trends we touched on is the unevenness of
the office market recovery. Colliers Research has observed for over a year that
the strongest performers (in terms of job creation and office vacancy rates)
have been what we call “ICEE” markets: those with an employment profile that
strongly favors intellectual capital, energy and education,
rather than markets traditionally associated with “FIRE” (financial, insurance
and real estate) employment.
Recently, we've started to see the traditional FIRE markets
catching up: FIRE absorption climbed to 73% of the ICEE total, up from 44% in
1H 2013; this counter-trend is supported in the October employment numbers.
But a closer look reveals an interesting fact: Most of
the absorption in FIRE markets comes from submarkets with an ICEE profile.
Submarkets such as West Los Angeles, New York – Midtown South, Chandler, AZ,
and even Downtown Las Vegas are notable clusters of technology employment.
Several Atlanta submarkets, allied with top universities and research
institutions, are part of Atlanta’s transition from FIRE to ICEE.
The newly released North American Office Highlights report will takes a deeper dive into this topic, and includes a
list of key submarkets to watch that are outperforming (or are poised to
outperform) the metro areas in which they’re located.
Showing posts with label colliers international. Show all posts
Showing posts with label colliers international. Show all posts
Wednesday, November 20, 2013
Wednesday, November 14, 2012
Investing from the Ashes
Yesterday I had the opportunity to appear on a very
interesting panel at the Bloomberg Commercial Real Estate Conference:
“Investing from the Ashes: The Distressed Market.”
The panel examined the investment outlook and areas of both
risk and opportunity in distressed real estate. Representing the viewpoint of special servicers was Robert Lieber of C-III Capital, while Billy Macklowe offered the owner’s perspective, focused particularly in New York City.
As was mentioned on the panel, right now the outlook for
distress is a mixed bag: We’re at a four-year low for new distress, but there
are signs that 2013 volume will increase. CMBS loans remain the largest share
of outstanding distress, and there’s another major wave of delinquency in the
future as the 10-year loans from 2005-7 mature.
We see the next generation of opportunity is in secondary
markets, where population growth and fundamentals (housing, job growth, etc.)
are starting to rebound. In some cases like Tampa and Memphis, these markets
are early beneficiaries of the shift in global trade patterns and changes in
our logistics network in anticipation of the 2015 Panama Canal expansion. We
also see industrial property as a stable asset class, with the least exposure
from CMBS distress.
From our perspective, the greatest market risk is from
interest rate sensitivity. A rise of 200 basis points in interest rates over
the next two years—below the long-term trend—could, by our estimation, potentially
add 20 to 25 percent new distress to the market. The hope, of course, is that
interest rates would be rising in response to other positives in the economy as
a whole, but it’s nonetheless a major risk for investors in the distressed
space.
I very much enjoyed the opportunity to participate, and hear
the perspectives of our peers in the market. Thanks to Beth Jinks and Bloomberg
News for making it possible.
Here is a link to the video: http://bloom.bg/PShonm
Here is a link to the video: http://bloom.bg/PShonm
Thursday, April 5, 2012
A Look Back at Everyone Gives | 2012
Everyone Gives has just released final numbers from the first
global social giving campaign of its kind last month, and they’re really
something for all participants to be proud of.
Here’s the data from a little over two weeks:
- More than 12,000 donors
- …in 474 cities
- …across 64 countries
- …raised over $740,000
- …for 1,479 charities around the world.
100% of all donations went directly to their intended
beneficiaries, which ranged from well-known international non-profits to small
local and community charities. Thanks to all who participated in this year’s event, whether
by donating, promoting, organizing or mobilizing.
We’re already making plans for Everyone Gives in 2013; you
can keep up with the latest developments through Facebook, Twitter and LinkedIn. But you don’t need to wait until then to donate.
(You can review the full list of Everyone Gives charitable partners here.)
The public support that this Everyone Gives received from
across the world makes clear is that the spirit of giving is alive and well.
The capacity of social philanthropy campaigns to amplify that common desire to
do good in the world is truly awe-inspiring, and I believe we’ve only seen the
beginning.
Tuesday, February 28, 2012
Colliers Again Named an Outsourcing Leader
Colliers International has again been named to the International Association of Outsourcing Professionals® 2012
Global Outsourcing 100® service providers list.
Every year, IAOP recognizes
the best outsourcing firms across multiple industries, as selected by an
independent judging panel. This is the seventh consecutive year that Colliers
has been honored with this distinction. The Global Outsourcing 100 is more than
just a ranking--it is a critically important resource for any company seeking
best-in-class service providers and vendors.
The complete list will be unveiled by IAOP on July 23. You can
view the 2011 results here.
Thanks to all of our professionals and staff for once again
establishing Colliers as a leading global real estate services provider.
Tuesday, February 14, 2012
Everyone Gives Launches Next Week
Eight days to go before the launch of Everyone Gives, and our list of charitable partners worldwide is over 400 and still growing. In the U.S. we’ll be collecting donations for March of Dimes, United Way, the American Red Cross, Habitat for Humanity, Make-A-Wish and many more national organizations. Locally, our professionals, partners and colleagues will be supporting foundations in their own communities. Whatever you’re most passionate about—fighting poverty, protecting and nurturing children, curing disease—however you want to do good in the world, you’ll find a cause to donate to among our charities.
As February 22, 2012 grows nearer, it’s exciting to see the buzz that Everyone Gives is generating through our social media channels. The campaign has more than 1,700 fans on Facebook, and more than 500 followers on Twitter. We’ve seen steady increases in activity as word spreads and more and more people across the globe get involved.
Participating in Everyone Gives is easy. Click the video below to learn how:
Follow Everyone Gives on Twitter, Facebook, or LinkedIn for the latest updates and news. Spread the word about the campaign to your own personal networks.
The pieces are in place. The vision of Everyone Gives—to amplify the power of individual giving—is poised to become a reality. Have you added your voice?
As February 22, 2012 grows nearer, it’s exciting to see the buzz that Everyone Gives is generating through our social media channels. The campaign has more than 1,700 fans on Facebook, and more than 500 followers on Twitter. We’ve seen steady increases in activity as word spreads and more and more people across the globe get involved.
Participating in Everyone Gives is easy. Click the video below to learn how:
Follow Everyone Gives on Twitter, Facebook, or LinkedIn for the latest updates and news. Spread the word about the campaign to your own personal networks.
The pieces are in place. The vision of Everyone Gives—to amplify the power of individual giving—is poised to become a reality. Have you added your voice?
Monday, December 5, 2011
Dollar Days
The newly released white paper “Dollar Days: How Dollar Stores Are Growing a Weak Economy” documents a strong national trend in consumer behavior and its impact on retail leasing. The report, by Ann Natunewicz (head of research for Colliers Retail Services Group), traces the recent aggressive expansion and repositioning campaigns of the four major dollar store chains.
What’s driving the growth of dollar stores?
Obviously, economic conditions have severely impacted consumer behavior, both in terms of disposable income and perception of “value.” Dollar store chains have expanded food offerings, rethought their merchandising strategies, and targeted a higher-end mainstream consumer.
How significant is this trend?
The four largest chains—Dollar General, Dollar Tree, Family Dollar and 99¢ Only—now operate roughly 21,500 U.S. locations. By contrast, the three largest drug store chains combined have only 19,700 locations.
What’s more, dollar stores continue to capitalize on the availability of better space, in terms of demographics, location and footprint. At first, this trend was fueled by recessionary vacancy rates and depressed leasing markets; however, this growth has persisted even in markets that have seen significant recovery in rents and absorption. Growing interest on the part of landlords and property investors indicates that dollar stores have become a more desirable destination, and are favorably impacting traffic and vacancy rates in the shopping centers they occupy.
What does this mean for retail leasing?
Aggressive expansion and larger footprints will continue to drive absorption, even in markets where pricing has normalized, or traditional grocery and drug stores are still prominent.
Dollar store chains will still be able to dictate aggressive terms. Landlords recognize that the dollar store value proposition is part of the “new normal” for consumers, and are attracting a higher-ticket demographic. And, as dollar stores increase their food offering, they drive a higher trip frequency. For smaller regional centers with a local tenant mix, a dollar store can also provide a national-level tenant opportunity.
Where can I find out more?
Download a PDF copy of “Dollar Days: How Dollar Stores Are Growing a Weak Economy” here.
What’s driving the growth of dollar stores?
Obviously, economic conditions have severely impacted consumer behavior, both in terms of disposable income and perception of “value.” Dollar store chains have expanded food offerings, rethought their merchandising strategies, and targeted a higher-end mainstream consumer.
How significant is this trend?
The four largest chains—Dollar General, Dollar Tree, Family Dollar and 99¢ Only—now operate roughly 21,500 U.S. locations. By contrast, the three largest drug store chains combined have only 19,700 locations.
What’s more, dollar stores continue to capitalize on the availability of better space, in terms of demographics, location and footprint. At first, this trend was fueled by recessionary vacancy rates and depressed leasing markets; however, this growth has persisted even in markets that have seen significant recovery in rents and absorption. Growing interest on the part of landlords and property investors indicates that dollar stores have become a more desirable destination, and are favorably impacting traffic and vacancy rates in the shopping centers they occupy.
What does this mean for retail leasing?
Aggressive expansion and larger footprints will continue to drive absorption, even in markets where pricing has normalized, or traditional grocery and drug stores are still prominent.
Dollar store chains will still be able to dictate aggressive terms. Landlords recognize that the dollar store value proposition is part of the “new normal” for consumers, and are attracting a higher-ticket demographic. And, as dollar stores increase their food offering, they drive a higher trip frequency. For smaller regional centers with a local tenant mix, a dollar store can also provide a national-level tenant opportunity.
Where can I find out more?
Download a PDF copy of “Dollar Days: How Dollar Stores Are Growing a Weak Economy” here.
Wednesday, June 29, 2011
Colliers International Launches Government Services Practice Group
I'm excited to report that the senior team of Kurt Stout, Charles Dilks, and Keith Lavey have joined the Colliers International to lead our newly established Government Services Practice Group.
Based in Washington, D.C., the six-member team will provide a full array of consulting and contracting services to government agencies on a national basis. These Colliers professionals represent private sector landlords who lease space to government tenants. They also participate in the sale of government-leased properties.
“Colliers International is a perfect cultural fit for our team. This is a unique opportunity to establish a national business unit that is exclusively devoted to providing real estate services to government agencies as well as investors who serve government tenants,” said Stout, a 20-year real estate veteran in the government services sector.
Last week, Colliers International also announced a major expansion of its Washington, D.C.-area operations with the launch of a new office in Northern Virginia and the introduction of a regional property management practice.
Based in Washington, D.C., the six-member team will provide a full array of consulting and contracting services to government agencies on a national basis. These Colliers professionals represent private sector landlords who lease space to government tenants. They also participate in the sale of government-leased properties.
“Colliers International is a perfect cultural fit for our team. This is a unique opportunity to establish a national business unit that is exclusively devoted to providing real estate services to government agencies as well as investors who serve government tenants,” said Stout, a 20-year real estate veteran in the government services sector.
Last week, Colliers International also announced a major expansion of its Washington, D.C.-area operations with the launch of a new office in Northern Virginia and the introduction of a regional property management practice.
Wednesday, March 9, 2011
World Economic Forum Announces Young Global Leaders 2011
It is my honor to share with you that I have learned that I have been named a Young Global Leader for 2011 by the World Economic Forum (WEF). For those of you not familiar with the WEF, they host an annual meeting in Davos, Switzerland—a gathering of international leaders from industry, government, academia, civil society and the media, to rethink strategies and solutions to global challenges. I had the privilege to be an attendee at the annual meeting earlier this year.
Young Global Leaders are a community created by the WEF and are drawn from a pool of more than 5,000 candidates. The selection committee is chaired by Her Majesty Queen Rania Al Abdullah of the Hashemite Kingdom of Jordan. For 2011, there were 190 individuals selected from 65 countries, with 37 being selected from North America. The YGLs convene at an Annual Summit, held this year in Dalian, People’s Republic of China, September 12-16. Young Global Leaders are actively engaged in the community, integrating into events organized by the World Economic Forum and organizing events of their own, as well as launching and leading a number of innovative initiatives and task forces. For a list of YGL initiatives, see http://www.redesignourworld.com/.
I am deeply humbled by my selection and am committed to helping to positively shape the future in a way that is consistent with the expectations and obligations of this esteemed group of young leaders. None of this would have been possible without the outstanding colleagues I am privileged to work with at Colliers International and the support of my family, in particular my wife Gabrielle. They have my sincerest appreciation and admiration.
For a full list of the Young Global Leaders for 2011. Click Here
Visit the YGL blog: www.forumblog.org/ygl
Twitter: www.twitter.com/YGLvoices
YouTube: www.youtube.com/yglvoices
Young Global Leaders are a community created by the WEF and are drawn from a pool of more than 5,000 candidates. The selection committee is chaired by Her Majesty Queen Rania Al Abdullah of the Hashemite Kingdom of Jordan. For 2011, there were 190 individuals selected from 65 countries, with 37 being selected from North America. The YGLs convene at an Annual Summit, held this year in Dalian, People’s Republic of China, September 12-16. Young Global Leaders are actively engaged in the community, integrating into events organized by the World Economic Forum and organizing events of their own, as well as launching and leading a number of innovative initiatives and task forces. For a list of YGL initiatives, see http://www.redesignourworld.com/.
I am deeply humbled by my selection and am committed to helping to positively shape the future in a way that is consistent with the expectations and obligations of this esteemed group of young leaders. None of this would have been possible without the outstanding colleagues I am privileged to work with at Colliers International and the support of my family, in particular my wife Gabrielle. They have my sincerest appreciation and admiration.
For a full list of the Young Global Leaders for 2011. Click Here
Visit the YGL blog: www.forumblog.org/ygl
Twitter: www.twitter.com/YGLvoices
YouTube: www.youtube.com/yglvoices
Friday, February 25, 2011
Knowledge Leader Reports on CMBS, Tony Blair, Nonprofit Innovation
The Spring 2011 issue of Knowledge Leader, the Colliers International property magazine, is available now.
This issue centers on the theme of corporate social responsibility, from our exclusive interview with former U.K. Prime Minister Tony Blair on his global charitable work, to articles on socially responsible investment funds and adding volunteer activities to your next corporate event. Advertising space in this issue has been donated to leading nonprofit organizations such as Habitat for Humanity, Global Partnerships and The American Heart Association/American Stroke Association.
We’re proud that this issue of Knowledge Leader is more than just an excellent source of current intelligence on the commercial real estate industry—we feel it makes an important statement on the partnership between business leaders and charitable organizations, and reminds us of the value of giving back to our communities.
An exceptional feature is an industry roundtable of a dozen Colliers International experts from major markets across the country, discussing the outlook for the coming year in the multi-family, office, retail, industrial and hospitality sectors.
This issue also introduces you to some of our leading clients and partners, including Eventbrite, a fast-growing company in San Francisco who is revolutionizing online events ticketing; Concert Properties, a visionary developer in Vancouver, BC; and the Northwest Evaluation Association of Portland, OR.
You can read the issue online here, or request an issue from your local Colliers International office.
This issue centers on the theme of corporate social responsibility, from our exclusive interview with former U.K. Prime Minister Tony Blair on his global charitable work, to articles on socially responsible investment funds and adding volunteer activities to your next corporate event. Advertising space in this issue has been donated to leading nonprofit organizations such as Habitat for Humanity, Global Partnerships and The American Heart Association/American Stroke Association.
We’re proud that this issue of Knowledge Leader is more than just an excellent source of current intelligence on the commercial real estate industry—we feel it makes an important statement on the partnership between business leaders and charitable organizations, and reminds us of the value of giving back to our communities.
An exceptional feature is an industry roundtable of a dozen Colliers International experts from major markets across the country, discussing the outlook for the coming year in the multi-family, office, retail, industrial and hospitality sectors.
This issue also introduces you to some of our leading clients and partners, including Eventbrite, a fast-growing company in San Francisco who is revolutionizing online events ticketing; Concert Properties, a visionary developer in Vancouver, BC; and the Northwest Evaluation Association of Portland, OR.
You can read the issue online here, or request an issue from your local Colliers International office.
Thursday, February 24, 2011
Warren Dahlstrom, 25-Year Veteran, Joins Colliers International
Colliers International announced today that it has taken a major step in the continued growth of its U.S. platform with the hiring of Warren Dahlstrom as president of its Investment Services Group.
In addition to overseeing Colliers International’s investment services group in the U.S., Dahlstrom will be charged with growing the organization through an aggressive business development strategy and key hires of top-tier brokers and other professionals. He is based in Washington, D.C.
“Warren is a unique professional,” said Dylan Taylor, chief executive officer for Colliers International in the U.S. “He has the ideal combination of experience with large and smaller firms, has spent time as an entrepreneur and embodies the kind of collaborative and client centric approach that makes him a perfect fit for Colliers International. The entire organization is looking forward to his immediate contribution to our strategic growth plan.”
“I’ve experienced a number of different approaches and cultures at the firms where I have worked,” Dahlstrom said. “But none come close to Colliers International. Its business model encompasses everything today’s real estate services clients are looking for. I am excited to be part of the organization’s continued march to the top of the industry.”
Dahlstrom has represented owners and investors of institutional commercial real estate since 1986 and has sold, financed or built property valued in excess of $6 billion across the office, retail, industrial, land, hotel and apartment sectors. He has broad relationships with institutional clients, both foreign and domestic and also specializes in capital markets, strategic portfolio management, land, development and competitive assessments advisory services. Last year he arranged a $60 million development joint venture between London-based Grosvenor and JBG Companies of Washington, D.C.
Most recently, Dahlstrom was the principal of his own firm, Dahlstrom Real Estate Advisors. Previously, he spent nearly 13 years as a top producer for Cushman & Wakefield, where he led the investment sales team in Washington, D.C. Earlier in his career, he led sales teams at Carey Winston Company (now Transwestern) and Grubb & Ellis. Dahlstrom is the recipient of numerous awards and honors for his professional achievements, including NAIOP’s Deal of the Year in 2008.
He is a lecturer at Georgetown and Johns Hopkins Universities, and has presented at numerous real estate trade organizations including the Urban Land Institute, the Building Owners and Managers Association and the International Council of Shopping Centers. Dahlstrom is a Full Member of the Urban Land Institute and sits on the board of the Arlington Partnership for Affordable Housing.
A graduate of the University of Virginia, Dahlstrom earned an M.B.A. from the Leeds School of Business at the University of Colorado at Boulder.
In addition to overseeing Colliers International’s investment services group in the U.S., Dahlstrom will be charged with growing the organization through an aggressive business development strategy and key hires of top-tier brokers and other professionals. He is based in Washington, D.C.
“Warren is a unique professional,” said Dylan Taylor, chief executive officer for Colliers International in the U.S. “He has the ideal combination of experience with large and smaller firms, has spent time as an entrepreneur and embodies the kind of collaborative and client centric approach that makes him a perfect fit for Colliers International. The entire organization is looking forward to his immediate contribution to our strategic growth plan.”
“I’ve experienced a number of different approaches and cultures at the firms where I have worked,” Dahlstrom said. “But none come close to Colliers International. Its business model encompasses everything today’s real estate services clients are looking for. I am excited to be part of the organization’s continued march to the top of the industry.”
Dahlstrom has represented owners and investors of institutional commercial real estate since 1986 and has sold, financed or built property valued in excess of $6 billion across the office, retail, industrial, land, hotel and apartment sectors. He has broad relationships with institutional clients, both foreign and domestic and also specializes in capital markets, strategic portfolio management, land, development and competitive assessments advisory services. Last year he arranged a $60 million development joint venture between London-based Grosvenor and JBG Companies of Washington, D.C.
Most recently, Dahlstrom was the principal of his own firm, Dahlstrom Real Estate Advisors. Previously, he spent nearly 13 years as a top producer for Cushman & Wakefield, where he led the investment sales team in Washington, D.C. Earlier in his career, he led sales teams at Carey Winston Company (now Transwestern) and Grubb & Ellis. Dahlstrom is the recipient of numerous awards and honors for his professional achievements, including NAIOP’s Deal of the Year in 2008.
He is a lecturer at Georgetown and Johns Hopkins Universities, and has presented at numerous real estate trade organizations including the Urban Land Institute, the Building Owners and Managers Association and the International Council of Shopping Centers. Dahlstrom is a Full Member of the Urban Land Institute and sits on the board of the Arlington Partnership for Affordable Housing.
A graduate of the University of Virginia, Dahlstrom earned an M.B.A. from the Leeds School of Business at the University of Colorado at Boulder.
Thursday, January 13, 2011
Colliers International Acquires Leading California Retail Brokerage
--Johnson Hoke, Upscale Retail Experts, To Boost Colliers’ Retail Services Division and West Coast Presence--
In a move that will immediately bolster the existing retail expertise of its domestic operations, Colliers International today announced that it has acquired Johnson Hoke, San Francisco’s leading urban specialty and lifestyle center retail brokerage firm.
By joining Colliers International, Johnson Hoke will become a critical component of one of the world’s largest and most sophisticated real estate companies. Johnson Hoke executives including Vikki Johnson, Karen Hoke and Pamela Mendelsohn also will become part of Colliers International’s expanding Retail Services Group, serving many of the world’s largest and best-known retailers and retail landlords.
In conjunction with Colliers retail experts located throughout the country, The Johnson Hoke team will focus on expanding and strengthening the organization’s retail services footprint throughout California and in major markets across the nation.
“Johnson Hoke represents an excellent addition to our fast-growing U.S. retail platform,” said Dylan Taylor, chief executive officer of Colliers International in the U.S. “Like Colliers International, Johnson Hoke knows how to enhance the value of their clients’ assets through sophisticated lease negotiations and other client services. With their long-standing reputation for creativity and integrity, I am excited to have them now working shoulder-to-shoulder with us as part of Colliers International beginning today.”
“Johnson Hoke is the perfect complement to our existing San Francisco retail team of Ross Portugeis and Glen Jones,” said Alan Collenette, Managing Director for Colliers International’s operations in San Francisco and Marin County. “Their clients have always sought them out for their flair and for their matchless knowledge, not just of real estate, but of retailing and merchandising. They understand how to make intelligent retail real estate decisions. I am so proud they are now part of our company.”
“We are thrilled to add a team with the depth of experience that Vikki (Johnson) and her colleagues possess,” said Patrick Duffy, head of the Retail Services Group and president of Colliers International’s Houston office. “The Colliers Retail Services Group has expanded over the past few years to include more than 350 of the best retail professionals in North America and over 450 worldwide. The Johnson Hoke team stands among the best in the world, and their arrival will measurably elevate our game.”
Founded in 1997 in San Francisco as a boutique retail services firm, Johnson Hoke has since become one of the savviest and most successful firms in their niche market of urban specialty retail. With a focus on the upper end of the retail market, the firm actively advises and consults with developers, landlords and tenants throughout the region.
“I look forward to taking the depth of our experience and utilizing the Colliers platform to provide an international reach for the benefit of our clients. My passion is the bricks and mortar of the business, which is where I want to spend my time,” said Vikki Johnson, Managing Director – Colliers International Retail Services Group, San Francisco
“I wake up every day and love what I do; advising our landlord and retail clients. I want to be a part of the finest real estate firm in the world, and I think with Colliers, we will be,” said Karen Hoke, Senior Vice President, Colliers International San Francisco
The former Johnson Hoke operation will be rebranded as Colliers International. There will be no staffing changes at either Johnson Hoke or Colliers International based on today’s news.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world with 15,000 professionals operating out of more than 480 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. The latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate firm in the world.
In a move that will immediately bolster the existing retail expertise of its domestic operations, Colliers International today announced that it has acquired Johnson Hoke, San Francisco’s leading urban specialty and lifestyle center retail brokerage firm.
By joining Colliers International, Johnson Hoke will become a critical component of one of the world’s largest and most sophisticated real estate companies. Johnson Hoke executives including Vikki Johnson, Karen Hoke and Pamela Mendelsohn also will become part of Colliers International’s expanding Retail Services Group, serving many of the world’s largest and best-known retailers and retail landlords.
In conjunction with Colliers retail experts located throughout the country, The Johnson Hoke team will focus on expanding and strengthening the organization’s retail services footprint throughout California and in major markets across the nation.
“Johnson Hoke represents an excellent addition to our fast-growing U.S. retail platform,” said Dylan Taylor, chief executive officer of Colliers International in the U.S. “Like Colliers International, Johnson Hoke knows how to enhance the value of their clients’ assets through sophisticated lease negotiations and other client services. With their long-standing reputation for creativity and integrity, I am excited to have them now working shoulder-to-shoulder with us as part of Colliers International beginning today.”
“Johnson Hoke is the perfect complement to our existing San Francisco retail team of Ross Portugeis and Glen Jones,” said Alan Collenette, Managing Director for Colliers International’s operations in San Francisco and Marin County. “Their clients have always sought them out for their flair and for their matchless knowledge, not just of real estate, but of retailing and merchandising. They understand how to make intelligent retail real estate decisions. I am so proud they are now part of our company.”
“We are thrilled to add a team with the depth of experience that Vikki (Johnson) and her colleagues possess,” said Patrick Duffy, head of the Retail Services Group and president of Colliers International’s Houston office. “The Colliers Retail Services Group has expanded over the past few years to include more than 350 of the best retail professionals in North America and over 450 worldwide. The Johnson Hoke team stands among the best in the world, and their arrival will measurably elevate our game.”
Founded in 1997 in San Francisco as a boutique retail services firm, Johnson Hoke has since become one of the savviest and most successful firms in their niche market of urban specialty retail. With a focus on the upper end of the retail market, the firm actively advises and consults with developers, landlords and tenants throughout the region.
“I look forward to taking the depth of our experience and utilizing the Colliers platform to provide an international reach for the benefit of our clients. My passion is the bricks and mortar of the business, which is where I want to spend my time,” said Vikki Johnson, Managing Director – Colliers International Retail Services Group, San Francisco
“I wake up every day and love what I do; advising our landlord and retail clients. I want to be a part of the finest real estate firm in the world, and I think with Colliers, we will be,” said Karen Hoke, Senior Vice President, Colliers International San Francisco
The former Johnson Hoke operation will be rebranded as Colliers International. There will be no staffing changes at either Johnson Hoke or Colliers International based on today’s news.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world with 15,000 professionals operating out of more than 480 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. The latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate firm in the world.
Tuesday, December 7, 2010
Colliers International Broadens U.S. Platform with Addition of EVS Realty Advisors in St. Louis
Once again accelerating the pace at which it continues to grow its U.S. operations, Colliers International today has acquired a controlling interest in one of St. Louis’ most prestigious real estate firms, EVS Realty Advisors.The addition will significantly bolster Colliers International in the Midwest by strengthening the local firm’s ability to service regional, national and international clients seeking to do business in the St. Louis region. With today’s addition of EVS Realty Advisors, 11 of the nation’s leading firms have integrated their operations into the world’s third largest real estate services firm and rebranded as Colliers within the past twelve months.
“EVS Realty Advisors is a true market leader in St. Louis and the region in providing integrated investor services to institutional clients,” said Dylan Taylor, chief executive officer of Colliers International in the U.S. “These professionals share our deep commitment to exceptional client service and a collaborative culture. Today’s news reinforces our commitment to market leadership and delivering the best service to our clients.”
By merging with Colliers International, EVS Realty Advisors will integrate its operations with one of the world’s largest and most influential real estate companies, with 15,000 employees working from more than 480 offices in 61 countries and with revenues of nearly $2 billion. No immediate leadership or personnel changes are expected.
Robert A. Guimbarda, one of the principals and founders of EVS Realty Advisors, adds: “From the start, our firm’s mission was to become the top full-service, real estate investment advisory firm catering to Midwestern and other regional markets. With today’s news, we will be able to over-deliver on that promise to our clients while drawing the region’s most talented professionals into our ranks. The growth opportunities for everyone involved are monumental. We are thrilled to become a part of Colliers International.”
EVS Realty Advisors, which was founded in 2003, manages more than 2.5 million square feet of signature office properties throughout the St. Louis region. The firm also provides sales and leasing expertise in addition to real estate advisory and asset management services.
Friday, December 3, 2010
Colliers International Continues U.S. Growth with Addition of The Winbury Group in Kansas City
Building upon the explosive growth of its domestic operations, Colliers International today announced that it has acquired a controlling interest in Kansas City’s leading commercial real estate services firm, The Winbury Group. With today’s development, nine market leaders have integrated their operations into the third largest global player and rebranded as Colliers International over the past year.
By merging with Colliers International, The Winbury Group will immediately evolve from a locally owned top-performing operation to a key component of one of the world’s largest and most sophisticated real estate companies, with 15,000 employees operating out of more than 480 offices in 61 countries and with revenues of nearly $2 billion.
“With today’s news, we are continuing our systematic strategy to seize additional market share in the U.S.,” said Dylan Taylor, chief executive officer of Colliers International in the U.S. “Our U.S. continued expansion further solidifies our ability to provide the best service to our clients and the best career opportunities for our professionals. The Winbury Group is the clear market leader in greater Kansas City and we see very high alignment between the two firm’s cultures.”
Ted Murray, who serves as the CEO of The Winbury Group, adds: “After serving our clients for more than two decades throughout the Kansas City region and the country, we are thrilled to join Colliers International, a global industry leader. Our ongoing commitment to deliver the highest-quality commercial real estate services in the region will be significantly enhanced by this merger. Our clients will continue to rely on our local market knowledge and connections, but going forward they also will benefit from the national and international growth opportunities and resources of Colliers.”
The Winbury Group is a full-service commercial real estate firm based in Kansas City, Missouri. The firm also has an office in nearby Lawrence, Kansas. Founded in 1989, the firm currently boasts more than 100 employees and real estate advisors. During its 21 years in business, The Winbury Group has consistently delivered transaction, consulting, property and asset management services in addition to strategic planning expertise on behalf of both corporate and investment-grade clients, both on a local and national level.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world with 15,000 professionals operating out of more than 480 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. The latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate firm in the world.
By merging with Colliers International, The Winbury Group will immediately evolve from a locally owned top-performing operation to a key component of one of the world’s largest and most sophisticated real estate companies, with 15,000 employees operating out of more than 480 offices in 61 countries and with revenues of nearly $2 billion.
“With today’s news, we are continuing our systematic strategy to seize additional market share in the U.S.,” said Dylan Taylor, chief executive officer of Colliers International in the U.S. “Our U.S. continued expansion further solidifies our ability to provide the best service to our clients and the best career opportunities for our professionals. The Winbury Group is the clear market leader in greater Kansas City and we see very high alignment between the two firm’s cultures.”
Ted Murray, who serves as the CEO of The Winbury Group, adds: “After serving our clients for more than two decades throughout the Kansas City region and the country, we are thrilled to join Colliers International, a global industry leader. Our ongoing commitment to deliver the highest-quality commercial real estate services in the region will be significantly enhanced by this merger. Our clients will continue to rely on our local market knowledge and connections, but going forward they also will benefit from the national and international growth opportunities and resources of Colliers.”
The Winbury Group is a full-service commercial real estate firm based in Kansas City, Missouri. The firm also has an office in nearby Lawrence, Kansas. Founded in 1989, the firm currently boasts more than 100 employees and real estate advisors. During its 21 years in business, The Winbury Group has consistently delivered transaction, consulting, property and asset management services in addition to strategic planning expertise on behalf of both corporate and investment-grade clients, both on a local and national level.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world with 15,000 professionals operating out of more than 480 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. The latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate firm in the world.
Wednesday, December 1, 2010
A Special Evening with Clients
I had the privilege of co-hosting several hundred clients and colleagues in San Francisco this past Wednesday. Colliers International was lead sponsor and host of an event on behalf of the Tony Blair Faith Foundation, established by the former prime minister of the U.K. in 2008 to foster dialogue and understanding between people worldwide, regardless of cultural and religious differences.The centerpiece of the evening was meeting Tony Blair himself, and later seeing him interviewed by Emmy-winning broadcast journalist Charlie Rose. It was evident from their immediate rapport that this is one of a series of conversations the two have had since Blair stepped down from government in 2007 to begin a new career as statesman and thinker—not just for the United Kingdom, but for the world as a whole.
That his ongoing work has shifted in part from politics to religion reflects what he views as a changing and increasingly globalized world. The 20th century’s defining conflicts were over political ideology; whereas those of the next century will arise from differences of religious and cultural ideology.
Blair is still a political figure, of course, given his continued involvement in the Middle East peace process, emerging governments in Africa, and climate change. But the compelling moments in the discussion transcended both politics and religion, and pointed to something greater that unifies us all: basic human values.
“The one thing that in our part of the world we need to understand is that when we talk about ‘Western values,’ like freedom and democracy, the rule of law, and a belief in basic social justice…these aren’t Western values. They’re values of the human spirit, and they’re the values that people anywhere choose, when they’re given the choice.”
Occasions like this are an opportunity to evaluate one’s own leadership, regardless of your profession. Being around Mr. Blair and engaging with him personally, you can really see how naturally he brings people together. He’s candid without being exclusionary, intelligent without being elitist, warm without being artificial. It’s inspiring how he has continued to grow and learn in his second career, free from the limitations of political office. Despite having achieved the highest political office in his country, and retaining it for a decade, he continues to add to his accomplishments and build on his experience. It is clear that Mr. Blair has demonstrated an enterprising spirit, and having him as a focal point of a gathering of Colliers International clients created an evening that was well received by all.
Friday, November 5, 2010
Colliers International Further Expands into the Charlotte Market
Colliers International has bolstered the unprecedented growth of its U.S. platform with the addition of one of Charlotte’s most highly regarded commercial real estate firms, Clarus Properties Inc. The firm also announced that two of Charlotte’s top commercial real estate professionals will join the organization.
As Colliers International, Clarus Properties will transition from being a regional player into a key component of one of the world’s leading real estate brands, with 15,000 employees operating out of more than 480 offices in 61 countries and with revenues of nearly $2 billion.
“We remain committed to our goal that Colliers International becomes the unparalleled market leader in the U.S.,” said Dylan Taylor, chief executive officer of Colliers International in the U.S. “In every recent instance where we’ve expanded our platform, it has been the most client-centric and culturally aligned firms in those markets that have combined forces with us. Clarus Properties is only the latest example of how Colliers International continues to attract the best that the industry has to offer.”
This latest arrival to the Colliers International platform brings the number of markets added in 2010 to nine.
Greg Copps, SIOR principal and cofounder of Clarus Properties, said: “After serving our clients under the Clarus Properties brand since 2005, we are excited to have joined global industry leader Colliers International. We’re also thrilled to have two of our market’s top professionals joining us as we embark upon this new era.
Lawrence Shaw. SIOR, also a principal and cofounder said: “As part of Colliers we will leverage our ongoing commitment to deliver the highest quality commercial real estate services in the region. Our clients will continue to rely on our local market expertise and relationships, while benefiting from the national and international growth opportunities and resources of Colliers International.”
The two brokerage professionals who have joined Colliers International’s new Charlotte office as partners are Brad Grow and Brent Royall. In addition, Edward “Teddy” Chapman, SIOR has been promoted internally to partner. Grant Miller rounds out the organization’s brokerage team.
Brad Grow most recently worked for Cassidy Turley, where he served as a senior vice president/principal in the firm’s Charlotte office. While working there, Grow was actively involved in leasing up projects owned by both institutional and regional developers. In 2008, the Charlotte Commercial Board of Realtors selected Grow as the second highest office leasing producer in the Charlotte market. Among the many clients that Grow has assisted are Lennar Homes, UBS, Pizzagalli Properties and Lord Baltimore Properties. Grow holds a SIOR designation.
Prior to entering the commercial real estate industry, Grow served as a Special Agent for the U.S. Secret Service, working on both protection-focused and investigative assignments.
Brent Royall has thirteen years of corporate real estate experience where his primary focus has been on office tenant representation. He most recently served as a Senior Vice President and office tenant broker at Keystone Partners, a Charlotte-based full service commercial real estate firm. Before Keystone, Royall also worked previously as an office tenant broker for both The Staubach Company and Lincoln Harris. Among the many clients that Royall has assisted are Wachovia, Doosan, Cisco Systems, Duke Energy, Koch Industries, and State Farm Automobile Insurance.
Royall is a graduate of the United States Military Academy at West Point, NY. He also holds an MBA in Real Estate Finance and Development from The Belk College of Business at the University of North Carolina at Charlotte. Royall also holds designations from both SIOR and CCIM.
As a partner at Colliers International’s new Charlotte office, Teddy Chapman, SIOR will continue to specialize in industrial property transactions and assist his clients with a range of services including landlord and tenant representation, lease negotiations, site searches and acquisition/disposition assignments. Chapman has more than 10 years of experience working with industrial properties in multiple markets around the country.
Greg Copps and Lawrence Shaw – whose working relationship spans 17 years – along with Kirsten Patterson established Clarus Properties in 2005. The team has more than 80 years of combined commercial real estate experience representing both tenants and landlords in both North Carolina and South Carolina. Notable clients include Lord Baltimore Properties, Service Express, Arvato Services (formerly BMG Music), Weston, Verus Partners, Ross Stores and Home Depot.
Earlier this year, Colliers International announced that it combined operations and global real estate services platforms with FirstService Real Estate Advisors. Since then, the organization has embarked on an extensive rebranding effort in which all its local operations have adopted the Colliers International name and branding. Clarus Properties will do the same.
Colliers International has expanded its platform in eight other markets in addition to Charlotte this year alone, including Raleigh-Durham, Chicago, Cincinnati, Columbus, Grand Rapids, Indianapolis, Long Island and Nashville.
As Colliers International, Clarus Properties will transition from being a regional player into a key component of one of the world’s leading real estate brands, with 15,000 employees operating out of more than 480 offices in 61 countries and with revenues of nearly $2 billion.
“We remain committed to our goal that Colliers International becomes the unparalleled market leader in the U.S.,” said Dylan Taylor, chief executive officer of Colliers International in the U.S. “In every recent instance where we’ve expanded our platform, it has been the most client-centric and culturally aligned firms in those markets that have combined forces with us. Clarus Properties is only the latest example of how Colliers International continues to attract the best that the industry has to offer.”
This latest arrival to the Colliers International platform brings the number of markets added in 2010 to nine.
Greg Copps, SIOR principal and cofounder of Clarus Properties, said: “After serving our clients under the Clarus Properties brand since 2005, we are excited to have joined global industry leader Colliers International. We’re also thrilled to have two of our market’s top professionals joining us as we embark upon this new era.
Lawrence Shaw. SIOR, also a principal and cofounder said: “As part of Colliers we will leverage our ongoing commitment to deliver the highest quality commercial real estate services in the region. Our clients will continue to rely on our local market expertise and relationships, while benefiting from the national and international growth opportunities and resources of Colliers International.”
The two brokerage professionals who have joined Colliers International’s new Charlotte office as partners are Brad Grow and Brent Royall. In addition, Edward “Teddy” Chapman, SIOR has been promoted internally to partner. Grant Miller rounds out the organization’s brokerage team.
Brad Grow most recently worked for Cassidy Turley, where he served as a senior vice president/principal in the firm’s Charlotte office. While working there, Grow was actively involved in leasing up projects owned by both institutional and regional developers. In 2008, the Charlotte Commercial Board of Realtors selected Grow as the second highest office leasing producer in the Charlotte market. Among the many clients that Grow has assisted are Lennar Homes, UBS, Pizzagalli Properties and Lord Baltimore Properties. Grow holds a SIOR designation.
Prior to entering the commercial real estate industry, Grow served as a Special Agent for the U.S. Secret Service, working on both protection-focused and investigative assignments.
Brent Royall has thirteen years of corporate real estate experience where his primary focus has been on office tenant representation. He most recently served as a Senior Vice President and office tenant broker at Keystone Partners, a Charlotte-based full service commercial real estate firm. Before Keystone, Royall also worked previously as an office tenant broker for both The Staubach Company and Lincoln Harris. Among the many clients that Royall has assisted are Wachovia, Doosan, Cisco Systems, Duke Energy, Koch Industries, and State Farm Automobile Insurance.
Royall is a graduate of the United States Military Academy at West Point, NY. He also holds an MBA in Real Estate Finance and Development from The Belk College of Business at the University of North Carolina at Charlotte. Royall also holds designations from both SIOR and CCIM.
As a partner at Colliers International’s new Charlotte office, Teddy Chapman, SIOR will continue to specialize in industrial property transactions and assist his clients with a range of services including landlord and tenant representation, lease negotiations, site searches and acquisition/disposition assignments. Chapman has more than 10 years of experience working with industrial properties in multiple markets around the country.
Greg Copps and Lawrence Shaw – whose working relationship spans 17 years – along with Kirsten Patterson established Clarus Properties in 2005. The team has more than 80 years of combined commercial real estate experience representing both tenants and landlords in both North Carolina and South Carolina. Notable clients include Lord Baltimore Properties, Service Express, Arvato Services (formerly BMG Music), Weston, Verus Partners, Ross Stores and Home Depot.
Earlier this year, Colliers International announced that it combined operations and global real estate services platforms with FirstService Real Estate Advisors. Since then, the organization has embarked on an extensive rebranding effort in which all its local operations have adopted the Colliers International name and branding. Clarus Properties will do the same.
Colliers International has expanded its platform in eight other markets in addition to Charlotte this year alone, including Raleigh-Durham, Chicago, Cincinnati, Columbus, Grand Rapids, Indianapolis, Long Island and Nashville.
Wednesday, October 27, 2010
Colliers International to Host Fundraising Event for Former UK Prime Minister Tony Blair’s Foundation
-- An Evening with Tony Blair to feature Charlie Rose in conversation with Tony Blair on the Challenges and Opportunities in this Increasingly Globalized World --
SAN FRANCISCO, October 22, 2010 – The fall gala season will hit a high note in a matter of weeks when PBS host and 60 Minutes contributing correspondent Charlie Rose conducts a fireside chat with renowned world leader and Former British Prime Minister Tony Blair in downtown San Francisco. This high-profile event will be sponsored and hosted by leading global real estate services firm Colliers International.
Tony Blair, a leading figure on the international stage, will engage in a spellbinding discussion with Charlie Rose about the challenges and opportunities of the modern world. All proceeds from the evening event will benefit the Tony Blair Faith Foundation. The Foundation runs educational programs, and organizes practical projects in countries around the world so that people can work together to tackle ill-health and global poverty as an alternative to conflict.
A host of bold-face names hailing from the Bay Area and points distant have already committed to attend. Table sponsorship opportunities are currently available for $10,000. Sponsorship includes company name visibility and seating for ten. For table, additional sponsorship opportunities or single tickets, please contact Alan Collenette at Colliers International at 415-288-7854, or alan.collenette@colliers.com
All contributions are tax deductible.
Additional details about the Tony Blair Foundation can be accessed here http://www.tonyblairfaithfoundationus.org/
SAN FRANCISCO, October 22, 2010 – The fall gala season will hit a high note in a matter of weeks when PBS host and 60 Minutes contributing correspondent Charlie Rose conducts a fireside chat with renowned world leader and Former British Prime Minister Tony Blair in downtown San Francisco. This high-profile event will be sponsored and hosted by leading global real estate services firm Colliers International.
Tony Blair, a leading figure on the international stage, will engage in a spellbinding discussion with Charlie Rose about the challenges and opportunities of the modern world. All proceeds from the evening event will benefit the Tony Blair Faith Foundation. The Foundation runs educational programs, and organizes practical projects in countries around the world so that people can work together to tackle ill-health and global poverty as an alternative to conflict.
A host of bold-face names hailing from the Bay Area and points distant have already committed to attend. Table sponsorship opportunities are currently available for $10,000. Sponsorship includes company name visibility and seating for ten. For table, additional sponsorship opportunities or single tickets, please contact Alan Collenette at Colliers International at 415-288-7854, or alan.collenette@colliers.com
All contributions are tax deductible.
Additional details about the Tony Blair Foundation can be accessed here http://www.tonyblairfaithfoundationus.org/
Thursday, October 21, 2010
Colliers International is pleased to present an evening with Tony Blair, in conversation with Charlie Rose
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Join us for dinner on November 3, 2010 for an engaging discussion with the former Prime Minister of Great Britain & Northern Ireland, Quartet Representative for the Middle East and Patron of the Tony Blair Faith Foundation. Tony Blair in conversation with Charlie Rose, PBS host and 60 Minutes contributing correspondent, will discuss challenges and opportunities in an increasingly globalized world.Table sponsorship opportunities starting at $10,000 are still available for this event to take place in San Francisco, CA. Sponsorship includes office or team name visibility and seating for 10. For table or additional sponsorship opportunities, please contact: Alan Collenette, Managing Director, San Francisco Tel +1 415 288 7850 alan.collenette@colliers.com
All proceeds from the event will go to the Tony Blair Faith Foundation. The Tony Blair Faith Foundation promotes peace between the world’s different cultures by developing respect and understanding between people of all faiths and none. The Foundation runs educational programs, and organizes practical projects in countries across the world so that people can work together to tackle ill-health and global poverty as an alternative to conflict.
For more information on the Foundation’s programs, please visit http://www.tonyblairfaithfoundationus.org/.
Wednesday, September 29, 2010
Bank of America Merrill Lynch Global Real Estate Conference
I enjoyed participating on the panel for the The World According to Agents presentation at the Bank of America Merrill Lynch Global Real Estate Conference. If you missed it, a webcast is available: http://www.veracast.com/webcasts/bas/realestate2010/id15880960.cfm
Monday, August 16, 2010
Flood of Store Closures Set Stage for Second-Generation Space
The economic downturn has presented retailers in the United States with one of the most challenging operating environments they have faced in decades. As of first quarter of 2010, Colliers International reported an overall retail shopping center vacancy rate of 11.0 percent across the markets it tracks. This number is up considerably from January 2008, when the rate was 7.4 percent. While vacancy has increased for every retail shopping center type in virtually every U.S. market, occupancy losses for big box retail buildings have been especially pronounced.
According to The Big Box Dilemma, a new White Paper from Colliers International, nearly one-third of the nation’s top 500 retailers have increased their growth plans for 2011 and beyond. Though most backfilling of vacant big boxes has been driven by discounters, there is reason to believe that deal activity will continue to increase.
Between January and May of 2010, nearly one-third of those retailers increased their growth plans for 2011 and beyond. Strong store sales until May of 2010 likely played a factor in retailers becoming more bullish on 2011.
The Big Box Dilemma is the first of a two-part White Paper series from Colliers International.
For more information on this and other timely industry Research subscribe online to the Colliers International research series at white.papers@colliers.com.
According to The Big Box Dilemma, a new White Paper from Colliers International, nearly one-third of the nation’s top 500 retailers have increased their growth plans for 2011 and beyond. Though most backfilling of vacant big boxes has been driven by discounters, there is reason to believe that deal activity will continue to increase.
Between January and May of 2010, nearly one-third of those retailers increased their growth plans for 2011 and beyond. Strong store sales until May of 2010 likely played a factor in retailers becoming more bullish on 2011.
The Big Box Dilemma is the first of a two-part White Paper series from Colliers International.
For more information on this and other timely industry Research subscribe online to the Colliers International research series at white.papers@colliers.com.
Thursday, July 15, 2010
Commercial real estate shows a faint pulse
The real estate industry is rising to the dawn of a national rebound, says market insiders in New York, Boston, Los Angeles and Seattle. http://www.msnbc.msn.com/id/38150802/from/toolbar
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