{"id":1004117973,"date":"2015-04-22T06:41:49","date_gmt":"2015-04-22T14:41:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004117973"},"modified":"2022-12-07T21:55:37","modified_gmt":"2022-12-08T05:55:37","slug":"colliers-boosts-project-management-business","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/colliers-boosts-project-management-business\/","title":{"rendered":"Colliers Boosts Project Management Business"},"content":{"rendered":"<p><i>By Gail Kalinoski, Contributing Editor<\/i><\/p>\n<div id=\"attachment_1004117979\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Craig-Robinson_MG_8026.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004117979\" data-attachment-id=\"1004117979\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/colliers-boosts-project-management-business\/craig-robinson_mg_8026\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Craig-Robinson_MG_8026.jpg\" data-orig-size=\"450,384\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;5&quot;,&quot;credit&quot;:&quot;Michael Benabib&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark III&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1394037905&quot;,&quot;copyright&quot;:&quot;www.michaelbenabib.com&quot;,&quot;focal_length&quot;:&quot;200&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;0.00625&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Craig Robinson_MG_8026\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Craig Robinson&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Craig-Robinson_MG_8026.jpg?w=450\" class=\"size-thumbnail wp-image-1004117979\" alt=\"Craig Robinson\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Craig-Robinson_MG_8026.jpg\" width=\"150\" height=\"150\" \/><\/a><p id=\"caption-attachment-1004117979\" class=\"wp-caption-text\">Craig Robinson, Colliers<\/p><\/div>\n<p>Colliers International has strengthened its project management expertise with the acquisition of Strategic Building Solutions, a top Northeast firm that is currently managing $1 billion worth of projects.<\/p>\n<p>The cost of the deal was not disclosed. SBS, based in Madison, Conn., will immediately rebrand itself as Colliers International. Since it was formed in 1996, SBS has grown throughout the Northeastern United States and has offices in Connecticut, Massachusetts, New York, Pennsylvania and Washington, D.C. The firm\u2019s staff of 70 and its leadership will remain intact.<\/p>\n<p>SBS provides energy sustainability management, commissioning and retro-commission services. It manages 10 million gross square feet of LEED-registered space within its commissioning and energy services group. A leader in sustainability, SBS provided commissioning services for three of the nations\u2019 first 10 LEED-registered projects.<\/p>\n<p>\u201cThe acquisition of SBS furthers Colliers\u2019 goal of providing clients with an unmatched level of committed service and expertise,\u201d Craig Robinson, President|USA, Colliers International, said in a news release. \u201cWith nearly 20 years of experience executing such services as facilities planning, energy management and construction program management, this acquisition ensures our clients are continually delivered a robust set of tools to address their business needs.\u201d<\/p>\n<p>SBS\u2019 team has experience across multiple industry sectors, including financial services, industrial and logistics, healthcare, education and hospitality. They will join the 990 project management professionals, 40 percent of whom are LEED accredited, that Colliers has working around the world.<\/p>\n<p>\u201cWe are continuously evolving to stay at the forefront of the dynamic facilities environment in order to meet the ever-changing needs of our clients,\u201d Jon Winikur, principal of SBS, said in the joint announcement. \u201cThe integration with Colliers allows us to expand the services, markets and expertise we offer our clients and grow our business. We are particularly excited to be able to retain equity in the future of our company in partnership with such a well-respected organization as Colliers International.\u201d<\/p>\n<p>A subsidiary of FirstService Corp., Colliers offers services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research.<\/p>\n<p>The acquisition is the second big move Colliers has made in the last two months. In late February, it boosted its Strategy and Innovation division with the purchase of <a href=\"https:\/\/www.commercialsearch.com\/news\/business-specialties\/investment\/colliers-acquires-newbie-affiliate\/1004113900.html\">Corporate Portfolio Analytics,<\/a> a Cambridge, Mass.-based real estate management firm. Colliers said the addition of CP Analytics gives it more strategic planning tools for its Colliers 360 platform and expands the Strategy and Innovation practice that serves larger corporate occupier clients.<\/p>\n<p>It also comes during the same month that CBRE Group, Inc. announced it was expanding its facilities management business with two big deals. The largest was the $1.48 billion acquisition of the <a href=\"https:\/\/www.commercialsearch.com\/news\/business-specialties\/investment\/cbre-buys-Johnson-Controls-unit\/1004116645.html\">Global WorkPlace Solutions<\/a> unit of Johnson Controls, the market leader in facilities management solutions that will join CBRE\u2019s Global Corporate Services business. Last week, CBRE said it was also purchasing <a href=\"https:\/\/www.commercialsearch.com\/news\/business-specialties\/investment\/cbre-grows-energy-management-business\/1004117589.html\">Environmental Systems, Inc.,<\/a> for an undisclosed amount. ESI provides services to more than 180 million square feet of facilities at more than 2,800 U.S. sites and develops solutions for CRE occupiers and owners to efficiently manage building systems.<\/p>\n<p>Analysts have said outsourcing has been a big source of growth for large CRE property services firms, so the Colliers deal for SBS is another example of this trend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Colliers International has strengthened its project management expertise with the acquisition of this top Northeast firm.<\/p>\n","protected":false},"author":1068,"featured_media":1004117979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742],"tags":[],"class_list":["post-1004117973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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