"The partners, board and corporate officers recognize that Colliers Seeley stands to gain an even greater share of the market by reinvesting in our company at this time, further securing future growth and bolstering our solid internal growth plan," says Max Green, Chairman Emeritus of Colliers Seeley.
More acquisitions are one piece of the five-part reinvestment program, and Colliers Seeley is still in the acquisition phase, according to Robert Cody Plott, president and CEO of the company. The company has identified several firms in the Southern California region that match up well with Colliers' operational platform and customer service philosophy, Plott says.
In addition, Colliers is looking to delve into new growth markets in the region. The company has identified Riverside, Corona and Temecula as potential new areas for the expansion of Colliers' operations, the CEO says.
The reinvestment program will also provide Colliers with the funds to hire new talent. "By year end, we expect to increase our professional ranks by 30% since 1999 to a total of 150 brokers," Plott says.
Other plans financed by the reinvestment program include an expansion of the annual technology budget, an increase in education and training programs, and a retooling of the organizational and corporate structure.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
