Two Execs Establish Capital Markets Leadership for Colliers
By Matt Grossman January 14, 2019 6:09 pm
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Colliers International has named David Amsterdam and David Kotansky co-heads of the company’s newly established U.S. capital markets platform.
In the newly created role, the duo will oversee divisions dedicated to investment sales, brokering debt and equity deals and structured finance, in addition to their previous responsibilities, Colliers announced. Amsterdam is a president at the company who oversees investments, leasing and its eastern region activities, and Kotansky is a managing director in its Portland, Ore. office.
Gil Borok, the company’s COO for its American business, said in a statement that under the pair the firm’s “capital markets platform will add great value to our growing business.”
The new roles begin immediately, a source close to Colliers told Commercial Observer.
The work hasn’t been organized under one umbrella before, but Colliers isn’t new to the three business lines that Amsterdam and Kotansky will oversee. Last month, its investment sales group helped The Bloom Organization sell two industrial properties in southern New Jersey. Over the summer, for instance, Colliers debt brokers arranged an $80 milion acquisition loan for a Massachusetts office building.
Amsterdam, an alumnus of SL Green (SLG) Realty Corp. and Cushman & Wakefield (CWK), joined Colliers in March 2018 to oversee its work in New York, Boston and Washington, D.C. In 2016 he lead the mayoral campaign of another former C&W executive, Paul Massey, who dropped out of the 2017 race well before election day.
Kotansky has worked at Colliers for almost eight years, according to his LinkedIn profile, which said he focuses on working with institutional clients. Earlier, he was a regional director at RREEF, an investment management firm that Deutsche Bank acquired in 2002.
Colliers, which trades on the Nasdaq, saw its shares fall almost 10 percent last year, although they have rebounded slightly to start 2019. But in 2018’s third quarter, the most recent period for which Colliers has released data, earnings before interest, tax, depreciation and amortization, or EBITDA, rose almost a third year-over-year.
