Friday, May 30, 2014

SCM Real Estate merges with New York firm

Gary Walker, founder and president of SCM Real Estate Services, has merged with New York-based Coldwell Banker Commercial Alliance. He will serve as managing principal of Coldwell Banker Commercial Alliance DFW.
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Gary Walker, founder and president of SCM Real Estate Services, has merged with New York-based Coldwell Banker Commercial Alliance. He will serve as managing principal of Coldwell Banker Commercial Alliance DFW.
Arlington-based SCM Real Estate Services, which merged with Coldwell Banker Commercial Alliance, will take on a new name: Coldwell Banker Commercial Alliance DFW.A North Texas commercial real estate firm has merged with a New York company as it rapidly expands its Dallas-Fort Worth footprint specializing in private investors and small- to mid-cap businesses.
The new firm's headquarters will remain in Arlington. This year, the company expects to open a Dallas office and a Fort Worth office, and is seeking office space.
The merger gives the company the ability to rebrand the 21-year-old firm, and expand its available resources, said Gary Walker, founder and president of SCM Real Estate. The 30-year commercial real estate executive will serve as managing principal of Coldwell Bank Commercial Alliance DFW.
The newly created firm employs 30 professionals. Theron Bryant, who was a top producer at SCM, will lead the Fort Worth office as market director. Carol Sosebee, a principal of SCM, will remain COO and director of property management.
The ability to merge with SCM gives Coldwell Banker Commercial Alliance an immediate strong presence in Dallas-Fort Worth, Coldwell CEO Obie Walli said.
In 2012, Coldwell Banker Commercial Alliance, which is affiliated with Coldwell Banker Commercial, was launched by New York-based Waterfall Asset Management. This is the company's fifth office in the United States.
Staff Writer-Dallas Business Journal