The decision to expand ownership is part of a move to increase collaboration at all levels of the company, which Burnham officials say is a core element of the firm's culture.

"I am pleased to see Burnham Real Estate Services taking this step to diversify ownership among people who are vital contributors to the company's day-to-day operations and performance," says chairman Malin Burnham, who owned the firm until 1986. "It gives them the opportunity to share more directly in the company's success and to positively influence decision-making and the continuation of our corporate culture which has always focused on leadership, integrity and teamwork," he adds.

Burnham's shareholders now consist of Scott Abell, Jay Arnett, Bill Ballard, Pete Bethea, John Casey, John Chu, John Hucko, Brent Jacobs, Stath Karras, Lynn LaChapelle, Barry Mahlberg, Ron Miller, Ed Morrison, Jim Munson, Mike Philbin, Pat Rohan, Ed Rosen, Dan Runyon, Kit Sparks, Jon Walz, Mark Wayne and Steve Wolf.