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Colliers, AEW Form $300M JV

NEW YORK CITY-This second joint venture between the two firms is looking to acquire $300 million in local retail and office assets.

By Barbara Jarvie | Updated on November 23, 2005

NEW YORK CITY-Colliers ABR Inc. and AEW Capital Management have teamed up for a second joint venture effort. The JV plans to acquire in excess of $300 million in office and retail assets throughout the New York metropolitan area.

They will focus on existing class B office and retail properties, as well as development sites near transportation hubs. According to company officials, the program will concentrate on opportunities where investment returns can be generated by effectively managing leasing risk, development risk and market risk.

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