CPS CORFAC International to Merge Ownership with Cassidy Turley BT Commercial;

Becomes the Largest Commercial Real Estate Firm in the Silicon Valley & Peninsula

January 14 , 2010 -- Santa Clara, Calif. - CPS CORFAC Internationalhas reached an agreement in principle to join forces with Cassidy Turley BT Commercial to form Cassidy Turley CPS. Together, both firms will be among the founding fathers of Cassidy Turley, a new privately held national firm that will immediately be the country’s fourth largest real estate company.
 
In the Bay Area, Cassidy Turley CPS and Cassidy Turley BT Commercial will become the largest Commercial Real Estate firm in the Silicon Valley and Peninsula markets, according to the 2009 San Jose and San Francisco Business Journal Book of Lists Rankings based on total agent count.
 
On or about March 1, 2010, Santa Clara-based CPS CORFAC International will rebrand as Cassidy Turley CPS.  Additionally, as part of the merger, the San Jose office of BT Commercial will rebrand and operate as Cassidy Turley CPS. Todd Beatty will become Executive Vice President and Managing Partner of Cassidy Turley CPS and will report directly to Mike Kamm, CEO of Cassidy Turley BT Commercial.
Since it’s founding in 1977, CPS has been the premier commercial real estate services company located in the Silicon Valley.  CPS maintains a roster of 30 brokers in its Santa Clara office and has participated in the development of over five million square feet of buildings, leased or sold over 169 million square feet of office, industrial, and R&D property, and sold over 6,100 acres of land.   Beyond Silicon Valley, CPS has completed real estate assignments in over 15 countries and more than 35 US States since January 2000.

Cassidy Turley BT Commercial is a market leader for commercial real estate services in Northern California.  Locally-owned & operated, BT Commercial has over 250 brokers in 15 offices and has completed over $45 billion in transactions in its 29-year history.

“Our new partnership with Cassidy Turley and our merger with Cassidy Turley BT Commercial represent huge steps forward for CPS,” said Todd Beatty, Executive Vice President and Managing Partner of Cassidy Turley CPS. “CPS gains a vastly improved San Francisco Peninsula presence and a stronger regional, national, and international partner in Cassidy Turley, all of which will enhance our ability to service and advise our clients.”

“This move isn’t just about getting bigger. We are aligning ourselves with other market leading organizations that share a vision of delivering our clients expanded market insight and cutting edge real estate services in an increasingly competitive global marketplace,” added Beatty.


“CPS has built a sterling reputation based on the quality of its leadership, integrity of its professionals and the top-tier service it provides to its clients,” added Mike Kamm, CEO of Cassidy Turley BT Commercial  “We foresee tremendous near-term synergies with the Cassidy Turley BT Palo Alto office, as well as those farther up the SF Peninsula and in the East Bay.”
Cassidy Turley is a newly formed privately-held commercial real estate firm consisting of eight private firms, from four different networks: BT Commercial San Francisco (formerly the largest affiliate member firm in of NAI);  CPS of Santa Clara, CA (formerly a CORFAC affiliate); BRE Commercial San Diego, and BRE Commercial Phoenix (both formerly Grubb & Ellis affiliate member firms); and four former Colliers affiliates – Cassidy & Pinkard, Turley Martin Tucker, Pinkard, and ABR  – all merged in August of 2008 to become one company. With the 2010 rebranding as Cassidy Turley, Colliers Houston & Co. of New Jersey also merged in.

Cassidy Turley will combine Turley’s heritage of more than 100 years of commercial real estate service in the Midwest, with the East Coast brand equity and recognition of Cassidy.  Upon its announcement last week, Cassidy Turley ranks as one of the nation’s largest firms, with 420 million square feet of managed space, in 58 locations, and $16 billion in completed transactions for 2008.  
 
Cassidy Turley provides high quality, end-to-end commercial real estate services, specializing in Capital Markets, Landlord and Tenant Representation, Property and Project Management, and Corporate Services, boasting a division that supports more than 22,000 locations for Fortune 1000 companies.  Cassidy Turley also offers first class market research, integrated, tailored solutions, and an industry expertise which spans several practice groups, including: Automotive, Food Facilities, Healthcare, Higher Education, Hospitality, Law Firm, Life Sciences, Multi-Family, NNN Leased Investments, and Not-for-Profit sectors.

About Cassidy Turley:
We are a national team of dedicated commercial real estate professionals with a history of 100 years of successful client relationships which include $15 billion in annual transactions, 420 million square feet of managed space and 22,000 Corporate Services locations. Our world-class expertise enables us to deliver integrated, tailored solutions around the globe. Our knowledge of local markets and deep industry connections allow us to achieve superior results. We are advocates for our clients and passionate about their long-term success. We are Cassidy Turley. For more information, visit www.cassidyturley.com