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Table Of Contents
Cassidy Turley Overview
Cassidy Turley Company Information
|Industry||Commercial Real Estate Services|
|Headquarters||Washington, D.C., United States|
|Key People||Joseph Stettinius Jr. (CEO)|
|Walter D. Pinkard, Jr. (Chairman)|
|Michael Kamm (President)|
|Shelley Radomski (COO)|
|John J. Fleury (CFO)|
|Number of employees||28,000 employees|
Cassidy Turley was a privately owned commercial real estate services firm.
Cassidy Turley was acquired by a private equity investment consortium backed by TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan. In January 2015 Cassidy Turley and DTZ were combined under the New DTZ brand. 1
Cassidy Turley was a privately owned commercial real estate services firm. It was acquired by a private equity investment consortium backed by TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan. In January 2015 Cassidy Turley and DTZ were combined under the New DTZ brand.
In 2008, four firms—Colliers Turley Martin Tucker in the Central U.S.; Colliers Pinkard in Baltimore, Raleigh and Charlotte; Cassidy & Pinkard Colliers in Washington, DC; and Colliers ABR in New York City—merged to form a joint holding company.
The four firms, part of the Colliers International network, continued to operate under their names and brands in each market, but consolidated leadership, with Mark Burkhart of Colliers Turley Martin Tucker becoming CEO of the holding company.
In early 2010, FirstService Corp., parent company of Colliers International, merged the U.S. and global operations of Colliers and FirstService Real Estate Advisors.
That same year, the holding company of Colliers Turley Martin Tucker, Colliers Pinkard, Cassidy & Pinkard Colliers and Colliers ABR – and Colliers Houston & Co. of New Jersey, NAI affiliate BT Commercial in Northern California, Grubb & Ellis BRE Commercial in San Diego and Phoenix – formed a new national company under the brand of Cassidy Turley.
In 2010, the firm formed an international partnership with GVA to provide services outside the U.S. On September 6, 2011, Cassidy Turley completed its acquisition of the brokerage and property management business lines of Carter, a commercial real estate services firm headquartered in Atlanta.
On September 15, 2011, Cassidy Turley announced its acquisition of FHO Partners, a commercial real estate brokerage and advisory firm in Boston.
With Stettinius' election, Cassidy Turley effectively moved its national headquarters to Washington, DC, where he is based.
On Jan. 2, 2013, Cassidy Turley expanded its Florida presence by completing a merger with Tampa-based CLW Real Estate Service Group.
In September 2014, the company announced that it has entered into an agreement with an affiliate of DTZ Investment Holdings, backed by TPG, PAG Asia Capital and Ontario Teachers’ Pension Plan (the Consortium that agreed to acquire DTZ), to sell 100% of the equity interests of Cassidy Turley.
On January 5, 2015, DTZ, a global leader in commercial real estate services, announced that Cassidy Turley and DTZ are now operating as a single global firm following the completion of the acquisition of Cassidy Turley by the private equity investment consortium backed by TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan.
The firm operated industry practice groups in nonprofit, legal, food and beverage, hospitality and healthcare.
Cassidy Turley Research tracked key economic indicators with correlation to the local and national commercial real estate market: Forecasts of macroeconomic & market-specific variables Sensitivity analyses of demand/supply fundamentals Development cycle analyses Elasticity of demand based on current & future market dynamics Primary & secondary data analyses of 80 U.S. metropolitan markets Legislative issues Investment sales and leasing of Office, Industrial, Retail, and Multi-Family properties Dedication to local communities was a stated Cassidy Turley Core Value. 2