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Colliers Seeley

Los Angeles/Seattle/Vancouver :: November 29, 2005

Clients big winners as Colliers Seeley joins forces with CMN

Partnership offers greater resources and growth opportunities

Colliers Macaulay Nicolls Inc. (“CMN”), which operates as Colliers International, announced today the closing of the transaction to purchase a majority stake in the Los Angeles area commercial real estate firm, Colliers Seeley International, Inc. (“Colliers Seeley”). This is one of the largest and most strategic acquisitions by CMN in its century-long history.

“We have created a real partnership that builds on what is already a strong, highly regarded regional firm by providing their people, and by extension, their clients, access to more resources, a broader range of services, and even greater connections to domestic and international markets,” said Doug Frye, President and CEO of CMN. “It is also an excellent fit with CMN’s strategic direction for growth and reinforces our ability to provide local solutions on a global basis."

Colliers Seeley has 138 brokers operating in 12 offices in Los Angeles and four adjacent counties, and annual revenue of approximately USD$60 million. The greater LA market is a natural fit with CMN’s operations in the Western region of the US and throughout Asia Pacific and Latin America. CMN also has operations in Canada and throughout Central and Eastern Europe making it the largest member firm of Colliers International.

“The strategic opportunities inherent in this partnership make as much sense for us as they do for CMN,” said Tom Taylor, Interim CEO of Colliers Seeley. “We share a common ambition to deliver service excellence to our clients and now we have a scalable, knowledge-based platform from which to do it. We could not have found better partners with which to grow and service our clients."

“We see this as a win-win-win situation,” said CMN President for North America, Rick Chichester, who will oversee the integration of the two firms. “Our clients will benefit from CMN and Colliers Seeley applying the best of our technology, training, and research platforms to provide a high level of specialized service."

Founded in 1908, Colliers Seeley will begin to operate under the Colliers International name and will immediately access CMN’s platform to improve upon its already high standard of service excellence. Clients will benefit from an increased menu of services, a more coordinated and specialized service delivery throughout Southern California and additional research and marketing tools that are focused on accelerating client success.

“The Seeley name is synonymous with quality real estate brokerage, and has been known for such in Southern California for nearly 100 years. You might even call it an institution,” said Max Green, Chairman Emeritus of Colliers Seeley and a leading shareholder for during seven decades. “This transaction represents a positive step in staying ahead of the demands of our clients, just as we have always done."

About CMN
Colliers Macaulay Nicolls Inc., which operates as Colliers International, is a leading international real estate services company that provides a full range of services to commercial real estate users, owners and investors worldwide. These services include brokerage, property management, hotel investment sales and consulting, corporate services, valuation, consulting and appraisal services, mortgage banking and research. Through greater knowledge and specialization, CMN strives to accelerate the success of all its clients, partners, professionals, management and staff. CMN is based in Seattle. CMN, a FirstService Corporation (TSX: FSV; Nasdaq: FSRV) company, has 100 offices in 21 countries, and is the largest member firm of Colliers International, which is one of the world's top commercial real estate services organizations with revenues of over US$1.2 billion and offices spanning the globe. CMN can be found on the Web at http://www.colliers.com/seattle.

http://www.colliersmn.com/prod/cclod.nsf/publish/24A11753DE9DA537852570CB005C5A15/
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