Raleigh, North Carolina

ST. LOUIS, BALTIMORE, and WASHINGTON - August 13, 2008 - Colliers Turley Martin Tucker, Colliers Pinkard and Cassidy & Pinkard Colliers announced the three companies are consolidating their ownership structures into one holding company. Following the closing of this transaction, the new holding company will expand to include Colliers ABR in New York. The combined company will be one of the largest real estate services firms in the U.S. and will have a significantly strengthened ability to leverage the global power and reach of Colliers International.

Colliers Turley Martin Tucker, Colliers Pinkard and Cassidy & Pinkard Colliers, each a significant independently owned real estate services firm in its respective market, have been serving commercial real estate clients for a combined 195 years and operate in all 50 states.

The combination of the four firms consolidates their diverse strengths across a full spectrum of services including a property management portfolio of 288 million square feet and a leasing portfolio of approximately 210 million square feet. Within Corporate Solutions, the combined company manages more than 20,000 locations for Fortune 1000 companies as well as other organizations, delivering a new location every 80 minutes. In 2007, the combined capital markets transaction volume was $5 billion. The Capital Markets Group has advised on some of the largest and most complex real estate transactions in recent years, while leveraging its fully integrated finance platform.

"With histories rich in successes, each of our companies has a reputation for preeminent talent. By uniting the best-of-the-best, we significantly enhance our competitive advantage moving forward," said Mark Burkhart , President & CEO of Colliers Turley Martin Tucker.

In addition, the new entity will create a powerful platform by combining complementary expertise with similar cultures that share the principles of client focus, a partnership approach to business and a commitment to each firm's community.

"Under the new structure, we will accelerate the growth of our businesses, while maintaining our deep local roots," commented Walter D. Pinkard, Jr., Chairman & CEO of Colliers Pinkard. "Each firm brings unique expertise to the combined company. Sharing these resources allows us all to offer a more diversified platform to our customers, bolstering our ability to provide service excellence."

Joseph Stettinius, Jr., CEO of Cassidy & Pinkard Colliers, stated, "We have been successful partners since October 2006, so it is a natural step for us to leverage our relationship. Together, we will be able to provide additional services to our clients, expanded career opportunities to our employees and accelerated growth for our shareholders."

About Colliers Turley Martin Tucker

One of the nation's largest privately held real estate services firms, Colliers Turley Martin Tucker (CTMT) (www.ctmt.com) has annually completed more than $5 billion in worldwide transactions. Founded in 1926, the company is focused on serving the needs of both commercial real estate investors and Fortune 1000 companies. CTMT manages more than $20 billion in real estate assets, totaling more than 240 million square feet for its investor clients. The firm manages more than 20,000 locations for its corporate customers, delivering a new location every 80 minutes. 
Every 80 Minutes Flash 

About Colliers Pinkard

Colliers Pinkard (www.collierspinkard.com) is a leading commercial real estate firm in the mid-Atlantic region, with offices in Maryland and North Carolina. Founded in 1922, the firm provides real estate solutions to its clients locally and globally. Areas of expertise include advisory services, corporate solutions, investment services and management services, as well as property and tenant representation.

About Cassidy & Pinkard Colliers

Founded in 1981, Cassidy & Pinkard Colliers (www.cassidypinkard.com) is the largest locally owned commercial real estate services company in the Washington metropolitan region. In 2007, Cassidy & Pinkard Colliers completed over $4.2 billion in commercial sales, finance and lease transactions, $75 million in project management, and at year-end, managed over 13 million square feet in commercial and retail properties. Cassidy & Pinkard Colliers was recognized in June 2007 by the Washington Business Journal as one of the top five "Best Places to Work in Greater Washington" in the Large Companies with Local Headquarters category.

About Colliers ABR, Inc.

Founded in 1978, Colliers ABR, Inc. (www.colliersabr.com) is a full service commercial real estate services firm headquartered in New York City. The firm operates in the New York City, Long Island, Westchester County, New Jersey and Fairfield County, Connecticut markets, offering tenant services, landlord services, agency brokerage, consulting, property management, project monitoring and market research. The firm is a market leader, managing premier office properties in Manhattan, including 7 headquarter buildings and 2.5 million square feet on Park Avenue.

About Colliers International

Colliers Turley Martin Tucker, Colliers Pinkard, Cassidy & Pinkard Colliers, and Colliers ABR are members of Colliers International, a worldwide affiliation of independently owned and operated companies with more than 10,000 real estate professionals in 267 offices, covering 57 countries. Colliers is the top-ranked real estate firm on the Global Outsourcing 100 companies list.
(IAOP Top 100) For more information about Colliers International, visit www.colliers.com.

Contact Information

Judy Franz
Marketing Coordinator
jfranz@collierspinkard.com

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