Who should I join? CBRE or Colliers?
I'm currently running my own small commercial brokerage in Vancouver. Due to industry regulations, makes sense I close up and join one of the big boys. What's your thoughts, between CBRE or Colliers?
[{"id": "eqs1t2h", "text": "Whoever gives you a better split.\n\nBut CBRE is more respected", "replies": [{"id": "eqsfvys", "text": "I would expect they are the same?", "replies": [], "depth": 2}], "depth": 1}, {"id": "eqs2uhh", "text": "Colliers would be the market leader in Canada (differs from CBRE which is bigger internationally).  Their Canadian leadership team is primarily based out of this office, it's a great office for mentoring, support for you and your team and best practices.  At CBRE you would be at a small satellite office in a small satellite country for them (basically an afterthought).", "replies": [{"id": "eqsfpom", "text": "Thanks, that makes lots of sense. Cbre has a kickass new office though I must say.", "replies": [], "depth": 2}], "depth": 1}, {"id": "eqs5q1d", "text": "Out of curiousity, why aren\u2019t you considering JLL or C&amp;W?", "replies": [{"id": "eqs5qjf", "text": "Hey, MaxInToronto, just a quick heads-up:  \n**curiousity** is actually spelled **curiosity**. You can remember it by **-os- in the middle**.  \nHave a nice day!\n\n^^^^The ^^^^parent ^^^^commenter ^^^^can ^^^^reply ^^^^with ^^^^'delete' ^^^^to ^^^^delete ^^^^this ^^^^comment.", "replies": [{"id": "ie38025", "text": "Lmfao", "replies": [], "depth": 3}], "depth": 2}, {"id": "eqsfnai", "text": "No real reason other than the fact that going from 0% split to a huge split, I might as well choose one that has perhaps the largest brand value. No offence and please correct me if I'm wrong.\n\nShould I be looking into them? Any good reason?", "replies": [{"id": "eqsgpml", "text": "JLL has been in growth mode in Canada (meaning they're way behind, but might put out preferred split options). C&amp;W has a good office in Vancouver. I'm not recommending anyone in particular, but if I were shopping myself, I'd hit all the majors.", "replies": [{"id": "eqskrsw", "text": "Thanks for the advice", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eqs6hyo", "text": "CBRE is way better equipped to pay during a recession. Their split between reoccurring income and on-off is much better and much more diversified. Plus, the smaller firms are getting gobbled up quicker (Cassidy Turley and DTZ, HFF, Eastdil...)", "replies": [{"id": "eqsftzn", "text": "Sorry for my ignorance, can you briefly explain what reoccurring income and on-off is?", "replies": [{"id": "eqv1d29", "text": "Sure thing. Reoccurring income for CRE companies are contract based. Examples are facilities management, portfolio management, corporate accounts, and investment (CB Global Investors). One-off is brokerage leasing, capital markets, and appraisal. I understand that many don't like the \"big company vibe\", but at this point in the cycle, it's much better security to be with the much more diverse income environment of CBRE.", "replies": [{"id": "eqvyvie", "text": "Thanks, didnt realize you can do both simultaneously.  Cheers", "replies": [{"id": "eqw6xqs", "text": "Not a problem at all. I guess the larger point I'm trying to make is, be aware of what point we're at in the economic cycle. CRE has boomed for almost a decade and is still doing great. However, the general feeling is that we're a year or so away from a downturn (job growth, RE market activity, etc...). Make sure you're prepared and asking your employer the right questions.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eqsi1yz", "text": "Are you doing leasing or sales? CBRE is the leader in office sales by a mile in Vancouver, but Colliers owns the multifamily sales side.", "replies": [{"id": "eqskp2n", "text": "Sales, redeevelopment opportunities or development land", "replies": [{"id": "eqw78m6", "text": "CBRE has Trammel Crow (assuming there is an office in Vancouver). That may be your best bet", "replies": [{"id": "eqxftap", "text": "Thanks, I'll definitely dig into this", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eqsp8v1", "text": "Have you talked to either of them? What is your specialty? Do you fill holes in those companies or compete with the brokers in those offices? \n\nI would meet with the MD's of both offices and see who can get you the better deal and have them sell it to you. \n\nIf you are more on the tenant rep side of the business, I would try Cresa. Ross Moore is a great guy and can tell you more about Colliers.", "replies": [{"id": "eqt1d3e", "text": "I typically do deals with developers. Thanks for your advice, I'll make a point of meeting each of their MDs.", "replies": [], "depth": 2}], "depth": 1}]