During a press briefing Thursday at Williams' headquarters here,FirstService and Williams executives emphasized their commoninterest in a decentralized platform for operating efficiency. "Thebrokers are, to a certain extent, our clients too," said MichaelCohen, president of Williams, and therefore they need a quickturnaround on decisions in order to be able to service clients.

Douglas Frye, president and CEO of FirstService Commercial RealEstate and chairman of Colliers International, said the acquisitionof Williams provides a gateway into the New York market that thecompany has not had before. At the same time, Williams managementsaid their company will benefit from the greater capabilities ofFirstService's international platform, which generates $1.9 billionannually in revenues.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

National
New York