Colliers South Florida adding key cog to fast-revving machine
By Yudislaidy Fernandez
A 27-year realty veteran, Randy Olen, has left Holly Sime Realty to join Colliers International South Florida as executive vice president and partner.
It's the latest in a year of changes for Colliers' South Florida operations, with adoption of a new name and, with it, a focus on higher production goals.
In this new role, Mr. Olen is to concentrate on office leasing, tenant representation and repositioning of assets in Miami-Dade, particularly in office hubs like Brickell and Coral Gables.
"I try to be a student of the market, of where I see the market going relatively to office building leasing and sales, and it's tied so nicely into the platform in which Colliers International is going," he said.
Mr. Olen, who's been president of the Brickell Area Association three years, was principal at Holly Sime Realty the past two.
Before that, he worked nine years at commercial realty firm CB Richard Ellis, which acquired Insignia/ESG, of which he was senior managing director and helped establish along with William Holly. After the acquisition, he stayed with CB until two years ago, when he joined Mr. Holly in the firm he built.
Mr. Olen has represented top-tier clients such as accounting firm Ernst & Young, realty investment firm The Rockefeller Group, food giant Del Monte and oil company Texaco.
As partner and executive vice president at Colliers, Mr. Olen is to play a key role in leasing efforts, said Chief Executive Officer Donna Abood.
"We've been talking to Randy for quite some time. For us, we think Randy is the next step to help bring the company to the next level in leasing," Ms. Abood said. "He's been around for a little under 30 years, he's an institutional player. We really believe he's going to bring us to the next level of growth."
In April, Coral Gables-headquartered Colliers Abood Wood-Fay adopted the Colliers International brand.
Colliers International, a subsidiary of FirstService Corp., is a global leader in realty services, with more than 15,000 professionals in 480 offices in 61 countries.
In the transition, the firm began making key changes to its brokerage team, setting higher production goals and hiring more experienced professionals.
Among those who joined Colliers, which has offices in Miami-Dade, Broward and most recently Palm Beach, were 20-year realty and business veteran Bruce Kassman, who left Florida East Coast Realty to become executive vice president of Colliers' Receivership Solutions group.
Other additions were Mia Stierheim, who stepped in to lead retail services and was appointed senior vice president, and 30-year veteran Ronald Osborne, hired as investment sales vice president.
The changes are in line with the firm's adoption of the Colliers International brand, Ms. Abood said.
To bring the company to the international playing field, she added, called for "more leadership with more tenure experience."
The restructuring included appointment of Stephen Nostrand, executive vice president for five years at the firm, to a new post, managing director, to free Ms. Abood and President Michael Fay to focus on growing the business by working directly with clients on deals.
This is part of Colliers' plan, Ms. Abood said, to grow a firm that today is home to about 33 brokers.
"These are moves we have to make to put us in line to behave as an international commercial firm."
Read about more Miami real estate news in Real Estate Today. Subscribe to e-Miami Today.