Colliers International acquires CREC

Carol Brooks and Ken Krasnow

Colliers International South Florida just closed on the acquisition of Warren Weiser and Carol Greenberg Brooks’ CREC, boosting its retail division.

Coral Gables-based Continental Real Estate Companies was founded in 1989 and now has two additional offices in Jacksonville and Orlando with a portfolio of more than 12 million square feet of office, industrial and retail space.

The companies declined to share terms of the acquisition. Weiser said in a release that “while we have enjoyed tremendous success as an independent firm, we are increasingly competing in a global environment” where its clients require better tools and an international platform.

Brooks and Weiser will remain with Colliers, according to the release.

In addition to its sales and lease brokerage services, CREC offers property management and project management. The company’s listings include One Clearlake, 800 Brickell, 2121 Ponce de Leon, Downtown Dadeland, Kendall Place, and The Galleria at Beach Place.

With the acquisition, Colliers now has 48 retail-focused brokers controlling more than 155 retail tenant representation accounts throughout Florida; and more than 160 broker professionals across the state, according to the release.

CREC’s clients include Zurich Asset Management, Ivy Equities and Deutsche Bank/RREEF.

Brooks has pushed for gender equality in the industry, mentoring a number of her employees. In an interview earlier this year, she said more than half of her employees were women.

Colliers has offices in downtown Fort Lauderdale, on Brickell Avenue in Miami, and in Boca Raton. In 2016, it hired hired brokers Mika Mattingly and Gerard Yetming to lead a new urban core division.

In 2015, Colliers acquired Miami-based Pointe Group Advisors.

from The Real Deal Miami https://therealdeal.com/miami/2018/11/14/colliers-international-acquires-crec/
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