(Crystal Proenza is associate editor of Real Estate Florida.)

TAMPA, FL-Changes within the real estate market over the past year have led locally based Colliers Arnold Commercial Real Estate Services to alter its overall strategy within the state of Florida. The firm, which offers sales, leasing, corporate, valuation and consulting services, has expanded its property management division, and has appointed three regional managers to oversee its growing portfolio of more than 12 million square feet.

"There's a lot of receivership business that's coming to fruition within the market, and a lot of banks and lenders are looking for property managers," Kimberly Lamb, senior executive vice president with Colliers Arnold, tells GlobeSt.com. "This is the type of adjustment in the market that occurs every time there is a downturn."Exercising the flexibility to meet the constantly changing needs of that adjusting market is key to keeping a finger on the pulse of real estate, she says.

The firm also plans to widen its reach within the Florida market where commercial management services have been concentrated in Tampa, Orlando and South Florida. Through its local offices Colliers Arnold will now branch out into Jacksonville, West Palm Beach and Fort Myers. "Over the past year we've been able to expand our portfolio and anticipate nothing but a continuation of that in 2009," says Lamb.