Northwest commercial real estate leader Jim Bowles has been named president of Kidder Mathews' Brokerage Services Division. The new position was created to facilitate strategic, long-term growth of the company's commercial brokerage business. Bowles will officially begin his new role January.
"Jim's experience and track record in our industry is unmatched," said Kidder Mathews CEO and chairman Jeff Lyon. "As we look to expand our market share in existing and new markets, there's no doubt in my mind that he is the right person to help us grow the company."
In his 30-year career, Bowles has held senior management positions at leading national commercial brokerages, including Colliers International, Cushman & Wakefield, and CBRE. During his leadership from 2001 and 2014, CBRE's Seattle operation grew its annual revenue from $12 million to nearly $200 million.
"Kidder Mathews is unique within the industry," said Bowles. "Its business model and entrepreneurial culture has attracted the most talented and successful brokers since its founding 40 years ago. I look forward to working closely with the team to continue the company's strong growth."
Kidder Mathews has grown to become the largest commercial real estate brokerage in Seattle and Portland and one of the leading independent brokerages in the northern California Peninsula market. Much of the company's future expansion efforts are focused on California, which will better enable its brokers to meet their clients' cross-market needs up and down the West Coast.
"There is a tremendous opportunity for us to increase our presence in California," added Lyon. "We plan to open offices in San Diego and the East Bay in 2015, and then, in partnership with our existing offices in San Francisco, Redwood Shores and Silicon Valley, expand our presence in both the Northern and Southern California markets."
From its nine offices throughout Washington, Oregon and California, Kidder Mathews offers commercial real estate services in three key areas: brokerage, debt and capital markets; property management (including facilities maintenance); and valuation and advisory services.
While other commercial brokerages have recently been swept up in a wave of nationwide consolidation, Kidder Mathews is in a unique position to capitalize on these events by offering its unique platform to the commercial real estate industry.
Kidder's platform-which is built on a flat and efficient management structure, commission splits that are at least 20% more favorable to its brokers and the opportunity for every employee to become a shareholder-has consistently attracted the top professionals in the market.
"Not only does Kidder's way of doing business attract talent, it also facilitates overall business success," added Bowles. "The company has never lost money, it is debt free and there has always been an annual distribution to shareholders."
Bowles received a bachelor of science degree in economics from the University of Washington then began his career in commercial real estate as a broker for Cushman & Wakefield.
He currently sits on the boards of the UW Runstad School of Real Estate, the Commercial Brokers Association and the Society of Industrial and Office Realtors. He is also active in many other community organizations, including the Washington State Chapter of NAIOP, the Urban Land Institute, CoreNet, Rotary International, Eastside Business Roundtable and Seattle Business Leaders.