Cassidy Turley
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| Private | |
| Industry | Commercial Real Estate Services |
| Headquarters | Washington, D.C., United States |
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Key people
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Joseph Stettinius Jr. (CEO) Walter D. Pinkard, Jr. (Chairman) Michael Kamm (President) Shelley Radomski (COO) John J. Fleury (CFO) |
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Number of employees
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3,700 (February 2013) |
| Website | www.cassidyturley.com |
Cassidy Turley was a privately owned commercial real estate services firm.
Cassidy Turley was acquired by a private equity investment consortium backed by TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan. In January 2015 Cassidy Turley and DTZ were combined under the New DTZ brand.
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., parent company of Colliers International, merged the U.S. and global operations of Colliers and FirstService Real Estate Advisors. That same year, the holding company of Colliers Turley Martin Tucker, Colliers Pinkard, Cassidy & Pinkard Colliers and Colliers ABR – and Colliers Houston & Co. of New Jersey, NAI affiliate BT Commercial in Northern California, Grubb & Ellis BRE Commercial in San Diego and Phoenix – formed a new national company under the brand of Cassidy Turley. Soon after, CPS CORFAC in Santa Clara, CA joined Cassidy Turley as Cassidy Turley CPS.
During 2010 and 2011 Cassidy Turley added offices in Milwaukee, WI Denver, CO, Louisville, KY and Dallas and Houston, TX. In 2010, the firm formed an international partnership with GVA to provide services outside the U.S.
On September 6, 2011, Cassidy Turley completed its acquisition of the brokerage and property management business lines of Carter, a commercial real estate services firm headquartered in Atlanta. On September 15, 2011, Cassidy Turley announced its acquisition of FHO Partners, a commercial real estate brokerage and advisory firm in Boston.
Cassidy Turley opened its first Los Angeles office on April 30, 2012, when it hired four brokers from Transwestern to lead Cassidy Turley's growth in the city.
On Oct. 5, 2012, Cassidy Turley's board of directors unanimously elected Joseph Stettinius Jr. as the company's new CEO, replacing Mark Burkhart, who now serves as an advisor to the company. With Stettinius' election, Cassidy Turley effectively moved its national headquarters to Washington, DC, where he is based.
On Jan. 2, 2013, Cassidy Turley expanded its Florida presence by completing a merger with Tampa-based CLW Real Estate Service Group. The following week, Cassidy Turley promoted Michael Kamm, based in San Francisco, to president.
According to an article in the April 2013 issue of Real Estate Forum, Cassidy Turley ranked No. 5 on the 2013 edition of Lipsey Co.'s annual survey of the Top 25 brands in commercial real estate.
In July 2013, the company announced plans to open a new office in downtown St. Louis initially with 30 employees in October, adding to the seven already in the region. It has 800 employees in the region presently with its main St. Louis office in the Clayton, Missouri suburb.
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Wikipedia