Cassidy Turley
Encyclopedia
Cassidy Turley is a privately owned commercial real estate services firm. It was launched on March 1, 2010 with the unification of nine regional firms across the U.S. Cassidy Turley has approximately 3,400 employees in 60 national offices and manages a property portfolio of 455 million square feet. In 2010, the firm completed transactions valued at $18 billion.

History

In 2008, four firms—Colliers Turley Martin Tucker in the Central U.S.; Colliers Pinkard in Baltimore, Raleigh and Charlotte; Cassidy & Pinkard Colliers in Washington, DC; and Colliers ABR in New York City—merged to form a joint holding company. The four firms, part of the Colliers International network, continued to operate under their names and brands in each market, but consolidated leadership, with Mark Burkhart of Colliers Turley Martin Tucker becoming CEO of the holding company.

In early 2010, FirstService Corp., the parent company of Colliers International, declared that Colliers and FirstService Real Estate Advisors would merge their U.S. and global operations. At the same time, the holding company of Colliers Turley Martin Tucker, Colliers Pinkard, Cassidy & Pinkard Colliers and Colliers ABR – along with Colliers Houston & Co. of New Jersey, NAI affiliate BT Commercial in Northern California, Grubb & Ellis BRE Commercial firms in San Diego and Phoenix – formed a new national company under the brand of Cassidy Turley. Soon after, CPS CORFAC in Santa Clara, CA announced it too would join Cassidy Turley as Cassidy Turley CPS.

Through the rest of 2010 and into 2011 Cassidy Turley grew, adding offices in Milwaukee, WI Denver, CO, Louisville, KY and Dallas and Houston, TX. The firm also formed an international partnership with GVA to provide services outside the U.S.

In September 2011, Cassidy Turley acquired the brokerage and property management business lines of Carter, a full-service commercial real estate services firm headquartered in Atlanta. Cassidy Turley also acquired FHO Partners, a commercial real estate brokerage and advisory firm in Boston.

Services

Cassidy Turley serves institutional, corporate and private clients with the following services: capital markets, tenant representation, corporate services, project and development services, project leasing, property management
Property management
Property management is the operation, control of ususally on behalf of an owner, and oversight of commercial, industrial or residential real estate as used in its most broad terms. Management indicates a need to be cared for, monitored and accountability given for its usable life and condition...

 and research and consulting
Consultant
A consultant is a professional who provides professional or expert advice in a particular area such as management, accountancy, the environment, entertainment, technology, law , human resources, marketing, emergency management, food production, medicine, finance, life management, economics, public...

. The firm also has several practice groups geared towards the specialized needs of numerous industries, including nonprofit, legal, food and beverage, hospitality and healthcare.

Research

Cassidy Turley Research tracks key economic indicators and interprets how these statistics may impact the commercial real estate market.

Cassidy Turley Research Services analyzes primary and secondary macroeconomic data and local and national real estate industry data, including:
  • Forecasts of macroeconomic & market-specific variables
  • Sensitivity analyses of demand/supply fundamentals
  • Development cycle analyses
  • Elasticity of demand based on current & future market dynamics
  • Primary & secondary data analyses of 80 U.S. metropolitan markets
  • Legislative issues
  • Investment sales and leasing of Office, Industrial, Retail, and Multi-Family properties

Corporate Social Responsibility

Dedication to local communities is a stated Cassidy Turley Core Value. The company works with clients to incorporate sustainable real estate alternatives into their businesses. Cassidy Turley is a member of the U.S. Green Building Council, and is an Energy Star
Energy Star
Energy Star is an international standard for energy efficient consumer products originated in the United States of America. It was first created as a United States government program during the early 1990s, but Australia, Canada, Japan, New Zealand, Taiwan and the European Union have also adopted...

 Partner. In 2011 Commercial Property Executive Magazine provided Cassidy Turley a platinum ranking in the Magazine's “Greenest Companies” index. The company was the title sponsor for the last 10 years for the Washington, DC Race for Hope benefitting the National Brain Tumor Society and Accelerate Brain Cancer Cure (ABC2).

Cassidy Turley provides sustainability consulting services, and has assisted in the Leadership in Energy and Environmental Design
Leadership in Energy and Environmental Design
Leadership in Energy and Environmental Design consists of a suite of rating systems for the design, construction and operation of high performance green buildings, homes and neighborhoods....

 (LEED) certification process. In 2009 it helped achieve the first Leadership in Energy and Environmental Design for Existing Buildings (LEED EBOM): Operations & Maintenance Gold certification in Washington, DC for Edison Place, located at 701 9th Street, NW. The company also helped the National Association of Realtors
National Association of Realtors
The National Association of Realtors , whose members are known as Realtors, is North America's largest trade association. representing over 1.2 million members , including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries...

achieve the first LEED – New Construction certification in Washington, DC for their national headquarters building.

Awards

Industry
  • International Association of Outsourcing Professionals 2011 Global Outsourcing 100 Leaders List
  • Lipsey Top 10 Commercial Real Estate Brand (2011)
  • "Most Powerful Brokerage Firms"
  • "Property Management Brokerage Honors”
  • Top Office Brokers in 2010
  • Top Overall Brokers in 2010
  • 2011 Rebrand 100 Global Award


Work Environment

Individual offices recently named as one of the Best Places to Work:
  • Columbus
  • Dayton
  • Indianapolis
  • Kansas City
  • Minneapolis
  • San Diego
  • Washington, DC
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