JK Dineen
Reporter – San Francisco Business Times
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Canadian commercial real estate services company Avison Young
is opening a San Francisco office and has poached veteran Cornish Carey Commercial Newmark Knight Frank
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broker Nick Slonek to head it up.
The newest American office marks Avison Young’s 12th location outside of Canada, the company’s third California office, and the next step in the firm’s aggressive growth and expansion strategy, according to CEO Mark Rose.
Slonek will be principal and managing director for Northern California. The Avison Young office will be on the fifth floor at 601 California Street. Slonek said that he is in advanced talks with a group of brokers likely to make the move to Avison Young.
“It’s an experienced group that we are going to have here — there are going to be a lot of transactions by the end of the year under the Avison Young umbrella,” said Slonek.
Over the past three years, Avison Young has grown from 11 to, now, 29 offices in 26 markets and from 300 to more than 900 real estate professionals across Canada and the U.S.
“The hiring of Nick Slonek is in line with our strategic plan to expand our commercial real estate services with high-quality leaders across the nation,” said Rose. “The San Francisco Bay Area — and the entirety of the Western U.S. region — is a vast and expanding real estate market and a focal point for many of our investor and occupier clients.”
Webb said that Avison Young is using its “highly profitable platform and its pristine balance sheet” to recruit other senior brokers and executives to fill the company’s service delivery needs in San Francisco and the Western region, and that plans for the company include further acquisitions to grow the Avison Young brand internationally.
J.K. Dineen covers real estate for the San Francisco Business Times.
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Article source: http://www.bizjournals.com/sanfrancisco/blog/real-estate/2012/04/avison-young-opens-san-francisco.html