After 14 years of a national affiliation, longtime Colorado Springs’ commercial brokerage Quantum Commercial Group is flying solo again.
Since 1998, independently owned and operated Quantum, one of the city’s larger brokerages, had affiliated itself with national real estate services firm Grubb & Ellis; the connection allowed Quantum to tap Grubb & Ellis’ technology, research and other services and resources in its network of nationwide offices.
Other local brokerages have had similar affiliations with national firms over the years; Colorado Springs also is home to several independent companies. Brokerages represent clients who are buying and selling commercial buildings and land, and often provide other services such as property management, market analyses and financial assistance.
But Grubb & Ellis filed for bankruptcy protection early this year, and most of its assets were sold to the parent company of rival Newmark Knight Frank. Newmark already had operations in Colorado, which left Quantum to go it alone — the best thing for his company, said Quantum president Dale Stamp.
Grubb & Ellis’ financial struggles over the last three to four years hurt Quantum’s image, Stamp said, even though his company had no financial ties with the national firm. For example, Grubb & Ellis’ woes caused it to miss payments with vendors, he said.
“Some of the vendors were thinking like we were financially unstable as well,” Stamp said. “It was far from the truth.”
The affiliation with Grubb & Ellis also restricted the ability of Quantum’s brokers to deal with clients outside El Paso County, Stamp said.
Quantum is continuing business as usual; new company signs went up last week outside its Cascade Avenue office in downtown Colorado Springs, Stamp said.
While an independent again, Quantum would consider another national affiliation if it would benefit the company’s brokers and clients, Stamp said.
“Right now, we’re happy where we’re at,” he said.
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