Colliers Completes Acquisition of Former CBC Advisors Operation in Glendale, Rebrands It as New ‘Tri-Cities’ Office
New Office will Serve Pasadena-Glendale-Burbank Markets
GLENDALE, CA – Leading global commercial real estate services firm Colliers International has completed its acquisition of CBC Advisors in Glendale. The new Tri-Cities office will become the firm’s 10th office in its Greater Los Angeles region.
“This is another advancement for our firm in the Greater Los Angeles Region,” said Colliers Senior Managing Director James Malone. “This acquisition provides us with an experienced team of professionals in the important submarkets of Burbank, Glendale and Pasadena, as well as reinforces our already strong presence in the area.”
The Colliers Tri-Cities office is comprised of 10 brokers specializing in the office, industrial, multifamily and retail sectors and hosts some of the most experienced brokers in Southern California.
The former CBC Advisors office was co-founded by Bill Ukropina and Gregory Barsamian, two veteran commercial real estate professionals who will now hold the title of Senior Executive Vice President in the new Colliers Tri-Cities office.
“By joining a world-class organization, we will be able to provide even greater services to our clients,” said Ukropina. “Leveraging Colliers’ size, platform and strong infrastructure will help take our business to the next level.”
“With the commercial real estate market as strong as it is currently, now is a great time for us to join a global leader in our industry,” added Barsamian.
-- End –
About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.
Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn.