NEW YORK CITY—GlobeSt.com has confirmed published reports—through an anonymous and independent source—that Colliers International is planning to acquire retail powerhouse RKF. The latter firm has approximately $20 billion in aggregate real estate transactions to its credit, giving Colliers’ retail operations a major boost.

With seven offices throughout the US as well as outposts in Toronto and London, Robert K. Futterman & Associates offers a worldwide presence and, according to the Real Deal, it was Manhattan’s second-most active retail firm in 2013—based on total square feet leased from 125th Street and below. RKF is owned by Robert Futterman, the company’s founder, chairman and CEO.

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