Cassidy Turley
| Company type | Private |
|---|---|
| Industry | Commercial real estate services |
| Founded | 2010 |
| Defunct | January 2015 |
| Fate | Acquired by DTZ |
| Headquarters | Washington, D.C. , United States |
Area served | United States |
Key people | Joseph Stettinius Jr. (CEO), Walter D. Pinkard Jr. (Chairman), Michael Kamm (President), Shelley Radomski (COO), John J. Fleury (CFO) |
| Owner | TPG Capital, PAG Asia Capital, Ontario Teachers’ Pension Plan |
Number of employees | 3,700 (2013) |
Cassidy Turley operated as a privately held commercial real estate services company with its headquarters located in Washington, D.C. Established in 2010, the firm remained active until its purchase by DTZ in January 2015, which was later integrated into Cushman & Wakefield. The enterprise was supported by a private equity group comprising TPG Capital, PAG Asia Capital, and the Ontario Teachers’ Pension Plan.
The organization offered a broad spectrum of services including capital markets, tenant representation, corporate solutions, project and development management, project leasing, property administration, and consulting. Additionally, Cassidy Turley developed specialized industry practice groups concentrating on sectors such as nonprofit organizations, legal services, food and beverage, hospitality, and healthcare.
Through Cassidy Turley Research, the firm delivered market insights by monitoring significant economic indicators influencing both local and national commercial real estate landscapes. Their research encompassed macroeconomic projections, analyses of demand and supply dynamics, evaluations of development cycles, and assessments of legislative impacts across 80 metropolitan areas in the United States. Their expertise covered investment sales and leasing across office, industrial, retail, and multi-family asset classes.
The company’s strategic approach prioritized engagement with local communities as a fundamental principle while integrating sustainable real estate practices into client operations. By merging extensive market intelligence with sector-specific knowledge, Cassidy Turley sought to provide clients with competitive advantages and facilitate growth within the commercial property industry.
Leadership included CEO Joseph Stettinius Jr., Chairman Walter D. Pinkard Jr., President Michael Kamm, COO Shelley Radomski, and CFO John J. Fleury. At its height in 2013, Cassidy Turley employed roughly 3,700 professionals across its worldwide network.
History
In 2008, four entities affiliated with Colliers International—Colliers Turley Martin Tucker (Central U.S.), Colliers Pinkard (Baltimore, Raleigh, Charlotte), Cassidy & Pinkard Colliers (Washington, DC), and Colliers ABR (New York City)—joined forces to establish a joint holding company. While maintaining their original brand names, leadership was unified under CEO Mark Burkhart of Colliers Turley Martin Tucker.
Early in 2010, FirstService—the parent company of Colliers International—merged the U.S. and global operations of Colliers with FirstService Real Estate Advisors. That same year saw the holding company consolidate with several affiliates such as Colliers Houston & Co., BT Commercial, and Grubb & Ellis BRE Commercial to create Cassidy Turley. Additionally, CPS CORFAC from Santa Clara became part of Cassidy Turley CPS.
Between 2010 and 2011, Cassidy Turley extended its footprint into Milwaukee, Denver, Louisville, Dallas, and Houston while establishing an international alliance with GVA for services beyond U.S. borders. In September 2011, the firm acquired brokerage and property management operations from Atlanta-based Carter and Boston-based FHO Partners to strengthen its presence in key markets.
In April 2012, Cassidy Turley launched its inaugural Los Angeles office by recruiting brokers from Transwestern to accelerate growth in that region. In October 2012, Joseph Stettinius Jr. took over as CEO and relocated the company’s national headquarters to Washington, DC.
At the start of 2013, Cassidy Turley expanded its Florida operations through a merger with Tampa-based CLW Real Estate Service Group while elevating Michael Kamm to the role of president. The company was ranked fifth among Lipsey Co.'s Top 25 commercial real estate brands in 2013.
By mid-2013, plans were underway to open a new downtown St. Louis office aimed at supporting a regional team of 800 employees based in Clayton, Missouri.
In September 2014, Cassidy Turley agreed to be acquired by an affiliate of DTZ Investment Holdings—also supported by TPG Capital, PAG Asia Capital, and Ontario Teachers’ Pension Plan—with the goal of forming a global full-service commercial real estate platform. The transaction was finalized on December 31, 2014.
On January 5, 2015, DTZ confirmed the completion of its acquisition of Cassidy Turley by the private equity consortium that had purchased DTZ in November 2014, unifying their global operations under a single business structure.
Affiliations
- Affiliate of the U.S. Green Building Council
- Collaborator with Energy Star
- Strategic Partner of the University of Pennsylvania Wharton School of Business
Awards
Industry Recognition
- Kevin Thorpe honored with the 2014 Outlook Award by the National Association for Business Economics
- Recipient of the 2014 ENERGY STAR Partner of the Year award
- Featured on the 2013 Global Outsourcing 100 Leaders List
- Awarded 2013 ENERGY STAR Partner of the Year
- Listed in the 2012 Greenest Companies Index by Commercial Property News
- Included in Commercial Property Executive’s Best Practices Index (2011)
- Named to the International Association of Outsourcing Professionals’ 2011 Global Outsourcing 100 Leaders List
- Highlighted in Social Media Verve’s 3 Top Rebranding Strategy Examples (2018)
- Recognized among the "Most Powerful Brokerage Firms"
- Honored with "Property Management Brokerage" accolades
- Achieved Platinum status in Greenest Companies (2011)
- Winner of the 2011 Rebrand 100 Global Award
Work Environment
Several branch offices have earned Best Places to Work distinctions, including:
- Baltimore
- Cincinnati
- Dallas
- Indianapolis
- Los Angeles
- Nashville
- New York City
- San Diego
- St. Louis
- Washington, DC