MIAMI—As reported on Monday, Avison Young's move toacquire the Abood Wood-Fay Real Estate Group willshake up Miami's commercial real estate brokerage scene. But whatdoes it mean for Colliers International, which islosing its South Florida team?

Michael Fay and Donna Aboodwill become Avison principals and managing director's of thegrowing Canada-based real estate firm's Miamioffice. The 30-year commercial real estateveterans, who serve as chairs and founding partners of ColliersInternational South Florida, will focus on growing the Avisonplatform in the Miami region. John Crotty,executive vice president of Abood Wood-Fay, will also serve as aprincipal of Avison Young.

Although Fay and Abood were not immediately available forcomment, Colliers International is speaking out.In a public statement, leadership expressed well wishes for theteam and offered some explanation about the split.