Municipal governments are starting to put green standards in place for developers and builders to follow to help protect the planet. But will it really work?
Expanding into new areas and diversifying revenue streams is the rationale behind Colliers International’s latest acquisition.
The Toronto-based real estate firm will take a controlling stake in engineering and consulting firm Maser, a US firm which provides planning, consulting and design engineering services to infrastructure-related industries.
“Our investment in Maser is another step forward in our strategy of adding more highly valued, essential services to our private and public real estate and infrastructure clients,” said Jay Hennick, Global Chairman and Chief Executive Officer of Colliers International. “The transaction establishes us as a major player in the engineering design and consulting sector in the US, providing us with another important engine for growth.”
Hennick added that the firm sees tremendous potential in the market with the additional ability to cross-sell Colliers’ existing offers to the combined client base.
Last year, Colliers expanded its US debt financing platform with the acquisition of four mortgage and real estate companies operated by Dougherty Finacial.
Stronger capabilities Maser has around 1,000 employees based in New Jersey. The firm will be rebranded as Colliers Engineering Services during 2021.
“Without question, our new partnership strengthens our capabilities and provides us with specialized market knowledge and deep client relationships that will accelerate our growth in the future,” said Kevin Haney, Maser CEO and President. “Our entire team could not be more pleased by this move.”
The survey shows that buying a home in a major city centre has risen 5% since last year.
The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.
Coming to Toronto May 14-15 is an in-person event discussing multifamily investing and the benefits it can have for new and experienced investors.
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