Colliers Turley Martin Tucker

Jeff LaFavre joins CBC Griffin as new partner

Jeff joined Coldwell Banker Commercial Griffin LaFavre Cos as co-partner, replacing the company's previous majority owner Bob Dunbar, who is retiring after 34 years at Griffin Cos.

CBC Griffin is a full-service commercial real estate brokerage. It has about 12 brokers metropolitan area, ranking it among the 10 largest brokerage firms in the top trade in the Twin Cities.

LaFavre, who has 22 years of industry experience in commercial real estate, is the former director of the principal office of Colliers Turley Martin Minneapolis Tucker, now called Cassidy Turley.He left his former post in April 2009 as the economy began to struggle.

LaFavre will become an equal partner with Bill Ostlund. Dunbar still serve on the advisory board of the company, the company said.

> Click here to read the full press release.

CBC Griffin also announced that it has moved its headquarters to 1221 Nicollet Mall in downtown Minneapolis from his home at 615 First Avenue. NE.

Minnesota's Welsh makes move to Colliers International ...

For Jean Kane, Colliers International just made sense.

That’s why Kane, chief operating officer and president of Minnetonka-based Welsh Companies, is so looking forward to Aug. 1. That’s when Welsh Companies officially makes the move from its affiliation with NAI Global to the Colliers International Network.

“This is a big move for us,” Kane said. “We started working on this move more than a year ago. Strategically we wanted to make the best move for our organization. We wanted to position our company well for the next decade. Our goal was to find the best brand we could for our brokerage and property management that allowed us to remain a privately held company. We’ve done that with Colliers.”

Kane cited Colliers’ name recognition and resources as the main reason why Welsh decided to make the move to the network.

Bill Wardwell, executive vice president with Welsh Companies, who will retain this title when the official changeover arrives on Aug. 1, said that Welsh was only making the smart move when it began exploring its options after its contract with NAI ended.

“We saw that many of the other national networks were continuing to expand,” Wardwell said. “We owed it to ourselves to take a sincere look at our options. In doing that, we were very impressed with the organization that Colliers has put together.”

Making a return to the Twin Cities

Colliers International has been busy adding brokerages across the country to its operations. It scored a major victory in June when it announced that it would add Welsh Companies’ brokerage and property management divisions to its global operations. The two Welsh Companies divisions will partner with Colliers and begin operating under the Colliers’ name and brand beginning Aug. 1 of this year.

Welsh is no small addition. The company currently boasts a staff of 75 commercial real estate brokerage professionals and 50 property management pros.

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