Abood Wood-Fay Acquired by Avison Young

Avison Young, the international commercial real estate services firm, announced that it had entered into a definitive agreement to acquire Abood Wood-Fay Real Estate Group, LLC (dba Colliers International South Florida). The purchase of the Miami-based real estate brokerage and property management firm expands Avison Young's Florida offerings, adding 70 employees from Abood Wood-Fay Real Estate Group's Miami, Fort Lauderdale and Palm Beach offices to Avison Young's operations in South Florida. Terms of the acquisition were not disclosed.

"We look forward to welcoming Abood Wood-Fay Real Estate Group to Avison Young," said Mark Rose, chair and CEO of Avison Young. "This strategic acquisition will give Avison Young an even broader client-service platform in the Florida market as we continue to expand our capabilities throughout the U.S. and overseas."

Michael Fay and Donna Abood merged their firms in 2002, and that company aligned with Colliers in 2005, according to a Sun Sentinel report. Fay and Abood will become principals of Avison Young, building business for the firm in Miami."I have a great deal of respect for what they've created," said Pike Rowley, managing director of Florida for Avison Young. "They've been on my radar for quite some time."

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Avison Young Acquires Aguer Havelock Associates

Aguer Havelock Associates, a Sacramento-based real estate brokerage company and a former member of the NAI network, has been acquired by Avison Young, the Canadian commercial real estate services firm. Founded in 1992, Aguer Havelock Associates is an independently owned commercial real estate brokerage firm offering a full slate of commercial real estate services to businesses operating in diverse sectors, and serving five counties: Greater Sacramento, El Dorado, Pacer, San Joaquin and Yolo. The change in ownership adds five new employees to Avison Young's operations in Sacramento, according to a GlobeSt.com article. Terms of the acquisition were not disclosed.

"Sacramento, due to its proximity to San Francisco and other areas of Northern California, ranks as one of the most dynamic markets in North America," Mark Rose, Chair and CEO of Avison Young, said in a statement. "Although Avison Young already has a presence in the region, we are now able to offer brokerage services, a core element of our full-service model. With the acquisition of Aguer Havelock, we have once again strategically expanded in a key market, California's state capital, that has a strong demand for our Principal-led, client-centric business model."

Over the past five years, Avison Young has grown from 11 to 58 offices and from 300 to more than 1,500 real estate professionals across Canada, the U.S., and in Europe.

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Toronto's Avison Young Acquires McShea & Company

McShea & Company, a full-service real estate services company founded in 1983 and operating throughout the Washington metropolitan area, has been acquired by Avison Young, a a Toronto-based commercial real estate firm seeking to expand its presence in the region. The change in ownership adds 150 employees to Avison Young's Suburban Maryland operations, and makes Avison one of the largest real estate firms in Suburban Maryland and the Washington Metropolitan Area. According to a Washington Business Journal article, Avison Young has been seeking to beef up its D.C. presence for past few years through a mixture of acquisition and recruitment, hiring former Grubb & Ellis Managing Director Keith Lipton in 2009 to help it open a new office in the District.

The acquisition means that McShea & Company founders Tim McShea and Jack McShea, along with Len Mongeon, Laurie Craft, Steve Lynch and Bob Dickman become Principals of Avison Young. Tim McShea and Mongeon also become Co-Managing Directors of the Suburban Maryland office and will manage the day-to-day operations of the office and service new and existing clients. Craft also becomes Director of Commercial Property Management, and Lynch becomes Director of Residential Management. Jack McShea's and Dickman's responsibilities will include client relations, new business development and brokerage transactions.

"We are very excited about the acquisition of McShea & Company, Inc. The acquisition of this highly regarded company represents the next step in our expansion strategy and will serve to create a deeper local presence in our rapidly growing DC Metro Region," Avison Young CEO Mark Rose said. "Tim, Jack, Len and the whole organization have a collaborative culture consistent with Avison Young's philosophy; our firms are an excellent fit culturally. Moreover, this acquisition is another example of a highly regarded independent firm that was heavily pursued by others, but recognized Avison Young's culture and structure as the right home for their clients and employees."

"We are thrilled to be joining a firm that places such a strong emphasis on being client-centric and culture-driven, and I am confident that our team's industry relationships and experience will support the company's growth objectives in the Washington, DC area," added Jack McShea. "We are looking forward to our new venture and working in this expanded platform with like-minded individuals."

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Avison Young Acquires Ramsey-Shilling

According to a Los Angeles Business Journal article, Avison Young, Canada's largest independently-owned commercial real estate services company, has acquired LA-based Ramsey-Shilling Commercial Real Estate Services Inc., a full-service real estate brokerage firm. While the terms of the acquisition were not disclosed, the company did note that Ramsey-Shilling Chief Executive Christopher V. Bonbright and Ramsey-Shilling President Mark Evanoff will join Avison Young as principals. Also joining as principals are John Tronson, a Ramsey-Shilling principal who focused on the entertainment division and Michael Dettling, principal and director of Ramsey-Shilling’s health care group.

"We are delighted to add Chris, Mark, John, Michael and the Ramsey-Shilling team to our rapidly-growing Southern California and U.S. platforms,"said Mark E. Rose, Chair and CEO of Avison Young. "Chris Bonbright and his team have a solid market share in Hollywood, West Hollywood, the Westside and other key Los Angeles markets, and are market leaders serving healthcare providers and the entertainment industry."

Avison Young opened its first L.A. office in August 2011, with industry veteran Neil Resnick joining as a Principal to help launch the company's brokerage business in Southern California.

For more news and information visit Blumberg Capital Partners.