Office brokers Dan Dahl and David Gurry have joined Kidder Mathews as executive vice presidents in Seattle as part of a recent expansion by the brokerage in the Pacific Northwest.

The duo has completed over 1,500 sales and lease deals totaling more than 3 million square feet of offices during their nearly 17 years at Colliers and, prior to that, for over a decade at CBRE, the Seattle-based brokerage said in a statement.

Dahl and Gurry arrive "during a time of momentous growth up and down the West Coast" for Kidder Mathews, according to the West Coast's largest independent commercial real estate firm, with over 900 brokers and other professionals at offices in Washington, Oregon, California, Nevada and Arizona.

The firm has added 26 new brokers in the Pacific Northwest since January 2023, despite the choppy environment in commercial real estate transactions.

Seattle's office market, for example, is in the middle of its most pronounced downturn in more than 40 years, with tenants vacating more than 10 million square feet over the past four years, according to CoStar Market Analytics. The region's industrial market has seen its biggest decline in demand in a decade as tenants have pulled out of spaces due to such factors as mergers and buyouts, CoStar data shows.

The duo's clients include banking and investment firms Invesco, PGIM, BlackRock, Carlyle Group and Goldman Sachs. They will join Kidder Mathews at its headquarters offices in the 56-story Two Union Square tower, the brokerage's headquarters for nearly 30 years.

While Kidder Mathews has added staff up and down the West Coast, the brokerage plans to move this summer into smaller offices in the tower, reflecting similar moves by many of brokerage clients across the country that have reevaluated their office space needs in recent years.

The company is moving from the 47th and 49th floors, where it occupies about half of each floor for a total of about 16,000 square feet, to a 12,500-square-foot space on the 27th floor, a Kidder Mathews spokesperson said in an email.

"We will have a much more efficient one-floor layout that doesn’t duplicate lobbies, kitchens, and conference rooms," the spokesperson said. "Rather, we will have a completely customized, modern build-out that offers more room for brokers and property managers as we continue to grow."

The 10-year lease commitment "confirms our dedication to downtown Seattle and growing our presence throughout the West Coast,” CEO Bill Frame said in the statement.

“We are investing in our professionals by doubling down on our infrastructure, technology, research and marketing," Frame said.

The company, similar to other global, national and regional brokerages, said it is also seeing growth in such nontransaction businesses as property valuation and asset services, which includes property and project management, building engineering and investment consulting.

Kidder Mathews' assets services group achieved its highest revenue to date last year with such large assignments as 555 Tower across Lake Washington from Seattle in downtown Bellevue. The 1 million-square-foot tower owned by Vulcan Real Estate is fully leased to tech giant Amazon.

Kidder Mathews has also expanded its valuation and appraisal division business by more than 50% over the past six years.