CBRE Inc. and CBRE|Martin announced a mutual decision not to renew their affiliate agreement covering operations in Grand Rapids and Lansing.
CBRE|Martin offices in those markets will remain CBRE affiliates through the end of 2018, at which time the local firms will drop the CBRE branding and change their operating name to Martin Commercial Properties, which is the existing legal entity.
“CBRE thanks Van Martin and the firm’s professionals for their dedication and efforts in serving clients,” said John Latessa, president of the Midwest Region for CBRE. “We wish them continued success.”
CBRE and CBRE|Martin have had a positive, long-standing relationship, and both firms expect that relationship to continue.
“Our organization is and has always been a private, family-owned company. All of our operations and support services are completely independent, so this transition will have minimal impact on our clients or the way we do business,” said Van Martin, chairman and CEO of Martin Commercial Properties. “We appreciate the 20-year partnership with CBRE. Going forward we remain committed to best-in-class service to our clients and employees, and we look forward to our next chapter.”