MIAMI—As reported on Monday, Avison Young’s move to acquire the Abood Wood-Fay Real Estate Group will shake up Miami’s commercial real estate brokerage scene. But what does it mean for Colliers International, which is losing its South Florida team?

Michael Fay and Donna Abood will become Avison principals and managing director’s of the growing Canada-based real estate firm’s Miami office. The 30-year commercial real estate veterans, who serve as chairs and founding partners of Colliers International South Florida, will focus on growing the Avison platform in the Miami region. John Crotty, executive vice president of Abood Wood-Fay, will also serve as a principal of Avison Young.

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