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NEW YORK CITY-FirstService Corp., a Toronto-based real estate services firm, has acquired a 65% interest in local brokerage firm GVA Williams Real Estate. The parties expect to close the deal by the end of the month, and the financial details of the transaction were not disclosed. Read the companies’ statements on MarketWatch here.

FirstService–which is a majority owner of Colliers International–will rebrand its new arm as Williams Real Estate and make it the hub of its New York operations. GVA Williams has about 160 employees and took in revenues of $70 million over the last year, according to company statements. Robert Freedman, GVA Williams’ president and chief executive officer, will stay on as executive chairman of the office. Check GlobeSt.com later today for an update on this story.

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