Colliers International Group Inc. announced on Monday it agreed to acquire a majority interest in CB Richard Ellis of Virginia Inc. The CBRE affiliate will be rebranded as Colliers International | Virginia beginning in January.
J. Scott Adams, a CBRE regional president of the mid-south affiliate offices, will become president of Colliers International | Virginia.
In October, CBRE Inc. and CB Richard Ellis of Virginia announced plans to end their affiliate agreement on Dec. 31. CBRE Inc. plans to operate as a wholly-owned business in Virginia beginning in January.
