Indy Firm Exits Colliers, Goes Independent

INDIANAPOLIS—Mergers have become all the rage in the world of commercial real estate. Small local firms are increasingly likely to join one of the big networks, and even some of the largest firms like DTZ and Cushman & Wakefield have recently joined forces. But Indianapolis-based Resource Commercial Real Estate just decided to go in a different direction. It has ended its five-year affiliation with Colliers International and will now operate as a 100% locally-owned entity led by its existing executive team.

“We saw an opportunity to differentiate ourselves from the crowd,” Sam Smith, principal and chairman of Resource, tells GlobeSt.com. “Right now, you have four or five global firms that look and sometimes sound the same. But by becoming independent we can provide customized solutions for our clients. We will never have to say, ‘we have to call Chicago or Paris to get approval for that.’”