Investment Sales Leaders William Collins, Paul Collins Promoted to Vice Chairmen; Team Members Drew Flood, James Cassidy and Jud Ryan named Executive Managing Directors
|William Collins (above right) and Paul Collins, leaders of Cassidy Turley's Capital Markets team in Washington, were promoted to vice chairmen.|
Cassidy Turley retained the services of one of the most successful and respected investment sales teams in the country, fending off the reported overtures of at least one major competitor.
This week, Cassidy Turley announced the promotions of William Collins and Paul Collins, leaders of the firm's Capital Markets team in Washington, to vice chairman. Also receiving promotions were Capital Markets team members Drew Flood, James Cassidy and Jud Ryan, who were named executive managing directors at the firm.
Cassidy Turley and its forerunner in DC has long been one of the dominant shops in the Washington investment sales market thanks to the top-producing Capital Markets team. Its sales transaction volume, combined with the firm's DC Finance team's placements, resulted in Cassidy Turley winning the Investment Sales / Financing Firm of the Year award for 2011 from the Greater Washington Commercial Association of Realtors' (GWCAR).
Led by the Collins brothers, the team also swept GWCAR's top sales transactions of the year in 2011, winning the DC Sales Transaction of the Year for the $356 million sale of 1100 and 1101 4th Street at Waterfront Station, and the 2011 Maryland and Virginia Sales Transaction of the Year for the $350 million sale of Washington Real Estate Investment Trust's (WRIT) regional portfolio.
In addition, Bill Collins was named the GWCAR Broker of the Year for 2011, while Paul Collins, Drew Flood, Jud Ryan and James Cassidy were each recognized among the top sales brokers in the region. For 2012, the team expects to close approximately $1 billion in investment sales.
Not surprisingly, that exceptional level of production has attracted interest from a number of potential suitors over the years. Most recently, reports had the team being heavily courted by Jones Lang LaSalle, which has made a concerted effort to expand its global investment sales platform recently. One industry publication reported in September that the team's move to JLL was all but done.
But in the end, it was newly elevated Cassidy Turley CEO Joe Stettinius who had the last word in announcing their promotions. "Bill, Paul, Drew, James and Jud have been leaders in the DC market for more than a decade, and we know they are committed to maintaining Cassidy Turley's position as the premier capital markets firm in the region and further expanding our capital markets success in key growth markets across the U.S."