CORAL GABLES, FL-Under an agreement with locally based Colliers Abood Wood-Fay, Clearwater, FL-based Colliers Arnold will add 4.5 million sf to its property-management portfolio. Prior to the joint venture, Colliers Arnold managed more than 10 million sf throughout Florida. With the addition of 4.5 million sf, it will manage more than 14 million sf in the state.

Colliers Arnold will be overseeing the day-to-day operations of the South Florida property management division. Principal and executive vice president Howard Rosenthal tells that the goal of the joint venture is to maximize economies of scale and grow the firms’ property-management business. “The joint venture gives us an opportunity to pull our operations together and have a statewide presence,” he states.

With the combination of the portfolios, Colliers offers property management services in seven Florida offices: Miami, Fort Lauderdale, Orlando, Tampa, Clearwater, Fort Myers and Jacksonville. Some new managers have been hired to facilitate the change.

“This is a great opportunity for Colliers partners to bring property-management services throughout Florida while utilizing the local expertise of the transactional divisions,” says Rosenthal. “This teaming of forces will enable us to grow our real estate services for existing clients.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.