Pacific Realty Gives Colliers International a Stronghold in Nebraska

-Omaha and Lincoln Offices to Raise Colliers Banner-

OMAHA, Neb. and SEATTLE, May 5, 2011 /PRNewswire/ -- Colliers International has reached another milestone in executing its U.S. platform growth strategy with the addition of one of Nebraska's premier commercial real estate firms, Pacific Realty Group.  The firm's two offices in Omaha and Lincoln have joined Colliers' rapidly expanding geographic footprint in the U.S. and around the globe.

As Colliers International, Pacific Realty transitions from a key player in the Midwest to an important part of one of the world's leading real estate organizations, with 15,000 employees operating out of more than 480 offices in 61 countries and with revenues of nearly $2 billion.  

"With the addition of Pacific Realty, we have increased our national leadership in client service," said Dylan Taylor, chief executive officer of Colliers International in the U.S.  "Pacific Realty is a results-driven organization, and the depth and experience the firm offers clients are unmatched in Nebraska.  Pacific Realty's client-centric approach is a seamless fit, both professionally and culturally, with Colliers International."

"With the significant industry interest in Colliers International and its rapidly growing platform, we are proud to carry its flag in the Omaha and Lincoln markets," said Kyle Peterson, senior vice president and managing director of brokerage.  "Our firm has long been known as the number one regional commercial real estate services provider. This partnership allows us to better serve our clients locally, nationally and around the globe. We feel it is an ideal match."

Founded in 1987, Pacific Realty provides the full spectrum of commercial real estate services, including brokerage; lease administration; tenant representation; office, industrial and retail leasing and sales; asset management; property management; comprehensive development services; advisory and consulting services; real estate tax consulting, tenant finish; construction supervision; and market research. The firm also provides construction and permanent financing services and other mortgage banking/consulting needs.  

Pacific Realty has 62 professionals in its two Nebraska offices.  In 2010, the firm managed a portfolio of nearly 4.8 million square feet and was involved in 320 leasing and sale transactions comprising 2.4 million square feet of space and more than a half million square feet of land.  

No changes in management or personnel are anticipated as a result of today's announcement.

About Colliers International

Colliers International is the third-largest commercial real estate services company in the world with 15,000 professionals operating out of more than 480 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world. 

SOURCE Colliers International

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