NEW YORK, Dec. 05, 2016 (GLOBE NEWSWIRE) -- In a key move to strengthen the firm’s global institutional investment expertise, Colliers International (NASDAQ:CIGI) (TSX:CIGI) today announced that a leading capital markets team has joined the firm’s New York and Tri-State region, effective Dec. 13. Industry leaders Scott Latham, Richard Baxter and Yoron Cohen will each serve as vice chairmen of the firm.
“This game changing move adds a top-tier capital markets team with a stellar reputation and local, national and global expertise to our team of highly-respected and accomplished professionals,” said Joseph Harbert, Colliers International president | Eastern Region. “This is the latest in a series of strategic hires, which most recently included bringing on retail brokerage icons Brad Mendelson and David Green, to bolster our business in crucial specialty areas that provide Colliers’ clients with the industry’s best strategic thinking, tactical advice and transactional execution.”
Latham, Baxter and Cohen lead a team of professionals in New York who are focused on arranging sales and capitalizations of investment real estate in the office, multifamily, urban retail, hotel and R&D sectors. The trio each bring more than 30 years of investment, transaction and asset management experience, having handled more than $40 billion in transactions respectively. Notable transactions include the sale of iconic Manhattan properties like the MetLife Building, the Plaza Hotel, 666 Fifth Avenue and 737 Park Avenue. In 2016 the team sold and/or recapitalized a number of high profile properties, including 850 Third Avenue, 275 Madison Avenue, 61 Broadway and the Sony Building at 550 Madison Avenue, a $1.4 billion transaction.
“Colliers has an entrepreneurial culture, an exceptional track record of creating value for clients and a global platform that is second to none,” said Latham. “Our team is fully aligned with the company’s winning culture and we look forward to capitalizing on the many opportunities we see that will bring value to our clients in the years to come.”
“Colliers continues on a sharp growth curve in major markets that are vital to our sustained performance as a leading global real estate services provider,” said Dylan Taylor, president and COO of Colliers International. “Our focus on adding top talent to the capital markets lineup in the New York and Tri-State region speaks to our unwavering commitment to provide our clients with the very best service.”
About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.
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