IBJNews

Resource Commercial Real Estate pursuing Colliers flag

Back to TopCommentsE-mailPrintBookmark and Share

Resource Commercial Real Estate is one of a handful of local real estate brokerage firms angling to take over an affiliation with Colliers International.

Colliers Turley Martin Tucker, the largest local commercial brokerage firm, is dropping the Colliers flag on March 1 to become Cassidy Turley. The move to rebrand the outfit, which is based in St. Louis, means the Colliers brand and platform now is available to other firms in several major cities, including Indianapolis.

It isn't clear how Colliers will pick new affiliates; a top official with Colliers, which has its U.S. headquarters in Boston, did not return a phone message.

Resource CEO Sam Smith said his firm has expressed interest in partnering with Colliers, which plans to merge this year with Toronto-based FirstService Real Estate Advisers to form a behemoth with 480 offices in 61 countries. Resource does not have a national affiliation.

"Certainly it’s an attractive organization, a very large and successful company and a terrific opportunity for whoever can plug into their platform and brand and people and technology," Smith said.

Landing an affiliation with a national real estate network helps provide leads and extend the reach of local firms.

National scale can be a major benefit: The new local office of Chicago-based Jones Lang LaSalle recently won leasing responsibilities for the 1.1-million-square-foot Chase Tower thanks in large part to building owner Macquarie Office Trust's ongoing relationship with JLL in larger markets. The local JLL office is a wholly owned branch of the national firm, not an affiliate.

But affiliations can provide the same kind of boost. Local firms typically pay royalties to belong to a national or international real estate network, and are expected to send leads to other firms with the same affiliation.

Smith expects to know whether Resource will win the flag within the next few months. He recently bought the domain name colliersresource.com and other addresses "purely on a speculative basis," he said. "Nobody has chosen us."

Other companies among those thought to be attractive potential Colliers partners: Meridian Real Estate, an unaffiliated local brokerage; Olympia Partners, currently a member of the New Jersey-based NAI Global network; and Harding Dahm & Co., an affiliate of California-based Grubb & Ellis.

Colliers International also could choose a regional player based in another city and give them responsibility for the Indianapolis market.

Jeff Henry, the local managing director of what will soon be known as Cassidy Turley, said his company is printing new stationery, signs, business cards and redesigning its Web site, all to minimize brand confusion with whichever firm takes over the Colliers name.

"We really don’t know what process or criteria they will use to select someone here in Indianapolis," Henry said. "We’re doing our own thing."

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

  2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

  3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

  4. Exciting times in Carmel.

  5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1

ADVERTISEMENT