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Brokerage CTMT rebranding, dropping Tucker name

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The largest commercial real estate brokerage in Indianapolis is rebranding itself and dropping Tucker from its moniker for the first time in more than 90 years.

Colliers Turley Martin Tucker is breaking from the Colliers International network and will become Cassidy Turley on March 1. The move combines and rebrands CTMT and three companies it merged with in 2008: Cassidy & Pinkard Colliers of Washington, D.C.; Colliers ABR of New York City; and Colliers Pinkard of Baltimore and Charlotte, N.C.

Cassidy Turley, which plans to build its own platform to replace Colliers, also is adding Colliers Houston & Co. of New Jersey; Northern California's BT Commercial, a former NAI affiliate; and BRE Commercial of Arizona and Southern California, a former Grubb & Ellis affiliate.

The company, which will remain headquartered in St. Louis, will be one of the largest real estate firms in the country, operating out of 57 locations and managing 420 million square feet. Its 2008 deals totaled $15 billion.

A committee representing the combined company's 360 shareholders settled on Cassidy Turley, which combines two "legacy" names to capitalize on brand equity, said Mark Burkhart, who will lead the new company. He said the change gives Cassidy Turley and its partners complete control of the brand.

"We already have a national platform," Burkhart said in an interview. "We've simply outgrown the national platform."

Jeff Henry, managing director in the firm's local office, said the Tucker name has served the company well since 1918.

"We hate to give up the name because it has great meaning in the community," Henry said. "However, when we look at it long-term, we felt it was in everyone's best interest."

F.C. Tucker Co. was the state's largest commercial real estate brokerage and residential real estate firm when it merged its commercial division in 1998 with Turley Martin of St. Louis to create Turley Martin Tucker. The new firm added the Colliers name later that year. Indianapolis-based F.C. Tucker Co. is still the state's largest independent residential real estate firm.

Colliers International is making its own moves; the company said on Jan. 4 it is merging with FirstService Real Estate Advisers to form a behemoth with 480 offices in 61 countries.

Colliers likely will seek a new affiliate partner in Indianapolis.

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    Attached article regarding Colliers Turley Martin - dropping Tucker from their moniker. Do you want me to add this article to Andar and change their name in Andar?

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  1. Why not take some time to do some research before traveling to that Indiana town or city, and find the ones that are no smoking either inside, or have a patio? People like yourself are just being selfish, and unnecessarily trying to take away all indoor venues that smokers can enjoy themselves at. Last time I checked, it is still a free country, and businesses do respond to market pressure and will ban smoking, if there's enough demand by customers for it(i.e. Linebacker Lounge in South Bend, and Rack and Helen's in New Haven, IN, outside of Fort Wayne). Indiana law already unnecessarily forced restaurants with a bar area to be no smoking, so why not support those restaurants that were forced to ban smoking against their will? Also, I'm always surprised at the number of bars that chose to ban smoking on their own, in non-ban parts of Indiana I'll sometimes travel into. Whiting, IN(just southeast of Chicago) has at least a few bars that went no smoking on their own accord, and despite no selfish government ban forcing those bars to make that move against their will! I'd much rather have a balance of both smoking and non-smoking bars, rather than a complete bar smoking ban that'll only force more bars to close their doors. And besides IMO, there are much worser things to worry about, than cigarette smoke inside a bar. If you feel a bar is too smoky, then simply walk out and take your business to a different bar!

  2. As other states are realizing the harm in jailing offenders of marijuana...Indiana steps backwards into the script of Reefer Madness. Well...you guys voted for your Gov...up to you to vote him out. Signed, Citizen of Florida...the next state to have medical marijuana.

  3. It's empowering for this niche community to know that they have an advocate on their side in case things go awry. http://www.youtube.com/watch?v=Lrst9VXVKfE

  4. Apparently the settlement over Angie's List "bundling" charges hasn't stopped the practice! My membership is up for renewal, and I'm on my third email trying to get a "basic" membership rather than the "bundled" version they're trying to charge me for. Frustrating!!

  5. Well....as a vendor to both of these builders I guess I have the right to comment. Davis closed his doors with integrity.He paid me every penny he owed me. Estridge,STILL owes me thousands and thousands of dollars. The last few years of my life have been spent working 2 jobs, paying off the suppliers I used to work on Estridge jobs and just struggling to survive. Shame on you Paul...and shame on you IBJ! Maybe you should have contacted the hundreds of vendors that Paul stiffed. I'm sure your "rises from the ashes" spin on reporting would have contained true stories of real people who have struggled to find work and pay of their debts (something that Paul didn't even attempt to do).

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