MIAMI—It's official. Donna Abood and Michael Fay are now part of the Avison Young family. Avison closed on the previously-announced acquisition of the Miami-based commercial real estate brokerage and property management firm Abood Wood-Fay Real Estate Group, which was doing business as Colliers International South Florida. Financial terms of the acquisition were not disclosed.

“My partner, Michael Fay, and I genuinely know that this acquisition is bringing our firm and our team to a higher level,” Abood, who received Colliers' highest award bestowed the Tom Richardson Award in early November, tells GlobeSt.com. “The quality of the people at Avison Young is unmatched—principals who are considered heavy hitters and real leaders in our industry.”

Under this new structure, and with the support of her team joined with the Avison Young team, Abood says she and Fay will be able to do something they have not been able to do in the past—focus solely on clients instead of the operations of a business. The acquisition closed on Dec. 1.