Towards then end of 2005, Colliers Macaulay Nicholls (CMN), the largest entity within Colliers International, sold a majority stake -- 70 percent -- to FirstService Corp. (Nasdaq: FSRV). The resulting injection of cash and equity opened a number of doors for the company, including acquisitions.
San Diego Senior Managing Director James Zimsky praised the purchase saying, "Strategically [it] made a lot of sense because now we have offices from basically San Diego to Seattle in the United States."
In CMN's internal U.S. rankings the San Diego operation has been named Top Performing Office -- based on revenue and profitability -- for the last five years, something Zimsky puts down to a combination of the health of the marketplace here and the experience of his brokerage staff.
"It is all a relationship business," Zimsky said. "It is relationship, it is service and knowledge. It is having quality people."