Colliers is a

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

-based diversified professional services and investment management company with approximately 18,000 employees in more than 400 offices in 63 countries. The firm provides services to commercial real estate users, owners, investors and developers; they include consulting, corporate facilities, investment services, landlord and tenant representation, project management, urban planning, property and asset management, and valuation and advisory services. The organization serves the hotel, industrial,

mixed-use Mixed-use is a kind of urban development, urban design, urban planning and/or a zoning type that blends multiple uses, such as residential, commercial, cultural, institutional, or entertainment, into one space, where those functions are to some ...

, office, retail and residential property sectors. The firm has

headquarters Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the to ...

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the ancho ...

Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central Ca ...

. Annual revenues were $4.09 billion in 2021. In June 2015, it was announced that Jay S. Hennick was appointed Chairman and Chief Executive Officer.

History

Colliers began in

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

in 1976 after Glynn Lynch & McHarg and Jones Lang Wootten & Sons merged under the Colliers name. In 1978, Colliers merged with Hong Kong-based Tony Petty & Associates. In 1984, Colliers merged with Macaulay Nicolls. The following year, the company merged with American Realty Services Group. In 1992, the company merged with Jardines, a British firm. In 2004, FirstService Corporation bought a controlling interest in Colliers Macaulay Nicolls, Colliers' largest member. After gaining controlling interest, Macaulay Nicolls became First Service REA. In 2006, FirstService purchased a majority stake in PGP Valuation and merged with the appraisal arm of Colliers Macaulay Nicolls. In 2007, FirstService acquired an 80 percent stake in PKF Hotel and Hospitality Consulting and a 60 percent stake in MHPM Project Managers. In September 2008, FirstService purchased a 65 percent stake in GVA Williams. In 2009, FirstService gained control of Colliers after acquiring large shareholders. In October, Colliers invested in Colliers CRE, a London-based real estate services company. In January 2010, the merger of Colliers and FirstService was announced. Following the merger in April 2010, Dylan Taylor became president and CEO of Colliers International's US operations. Also in April, Colliers invested in Colliers Bennett & Kahnweiler and West Shell Commercial in

Cincinnati Cincinnati ( ) is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line wit ...

Ohio Ohio () is a state in the Midwestern region of the United States. Of the fifty U.S. states, it is the 34th-largest by area, and with a population of nearly 11.8 million, is the seventh-most populous and tenth-most densely populated. The sta ...

. The following month, Adena Commercial, a real estate firm in

Columbus, Ohio Columbus () is the state capital and the most populous city in the U.S. state of Ohio. With a 2020 census population of 905,748, it is the 14th-most populous city in the U.S., the second-most populous city in the Midwest, after Chicago, and t ...

and Grubb & Ellis Paramount Commerce in

Grand Rapids Grand Rapids is a city and county seat of Kent County in the U.S. state of Michigan. At the 2020 census, the city had a population of 198,917 which ranks it as the second most-populated city in the state after Detroit. Grand Rapids is the ...

Michigan Michigan () is a state in the Great Lakes region of the upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the 10th-largest state by population, the 11th-largest by area, and the ...

began working with Colliers International. In June 2010, Colliers partnered with Sutton & Edwards, a real estate firm in

Long Island Long Island is a densely populated island in the southeastern region of the U.S. state of New York (state), New York, part of the New York metropolitan area. With over 8 million people, Long Island is the most populous island in the United Sta ...

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

. In July 2014, PKF Consulting was sold to

CBRE Group CBRE Group, Inc. is an American commercial real estate services and investment firm. The abbreviation CBRE stands for Coldwell Banker Richard Ellis. It is the world's largest commercial real estate services and investment firm (based on 2021 reven ...

. In June 2015, Colliers International and FirstService Corporation separated into two independent, publicly traded companies – Colliers International Group Inc. and FirstService Corporation. In September 2016,

Stephen Harper Stephen Joseph Harper (born April 30, 1959) is a Canadian politician who served as the 22nd prime minister of Canada from 2006 to 2015. Harper is the first and only prime minister to come from the modern-day Conservative Party of Canada, ...

, Canada's former Conservative Prime Minister, was appointed to the company's board. In October 2017, Colliers acquired Serten Advisors, LLC; a tenant representation firm headquartered in the

Washington, DC ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan ...

area. In September 2019, Colliers acquired Synergy Property Development Services, an Indian real estate company. In December 2019, Colliers acquired certain divisions of Doughtery Financial based in

Minneapolis Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins ...

. In July 2020, Colliers acquired Maser Consulting P.A., a multi-discipline engineering design services firm based in

New Jersey New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware ...

Business model

In 2010, Colliers consolidated its franchises under a single name, hoping to increase their market share, according to the

New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid d ...

. On 1 June 2015 First Services and Colliers split into two independent publicly traded entities. Colliers is a full service real estate brokerage firm that operates in 67 countries and is traded on the NASDAQ stock market exchange under the symbol CIGI.

Financial results

In 2009, Colliers ranked second out of the top twenty-five brokerages in the global real estate industry, based on its combined dollar value of leasing transactions and investment sales globally."Top 25 Brokerages."

National Real Estate Investor Informa plc is a British publishing, business intelligence, and exhibitions group based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has offices in 43 countries and around 11,000 ...

. 1 April 2010. The survey also found that Colliers International had posted an increase of more than 28 percent over its 2008 ranking when it was fifth. In March 2010, the annual Lipsey Survey of the top 25 brands in the commercial real estate industry worldwide ranked Colliers in second. The firm had held the third-place position in that survey since 2004."2010 Top Commercial Real Estate Brands Survey."
The Lipsey Company. In 2018 and 2019, Colliers was ranked third on the annual Lipsey Survey of the Top 25 Commercial Real Estate Brands.

References

External links

* {{NASDAQ Financial-100 Real estate companies established in 1976 Companies listed on the Toronto Stock Exchange Real estate companies of Canada Companies listed on the Nasdaq Commercial real estate companies

History

Business model

Financial results

See also

References

External links