Colliers adds further scale to u.s. property management business

Toronto and phoenix, oct. 12, 2022 (globe newswire) -- leading diversified professional services and investment management firm colliers (nasdaq and tsx: cigi) today announced it will acquire a controlling interest in arcadia management group, inc. (“arcadia”), a leading commercial real estate property management firm focused in the southwest u.s. arcadia's senior leadership will retain a direct equity stake in the business and continue to drive operations going forward under colliers' unique partnership model. arcadia will rebrand as colliers immediately following closing. details of the transaction were not disclosed.
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