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October 19, 2016

Affirming Commitment to Remain Independent, Kidder Mathews Appoints New President

CoStar Group

Tim Trainor

Insider Bill Frame Tapped to Become President, Responsible for All Operations in 17 offices Across 5 West Coast States

Defying expectations that he has been grooming his firm for a possible sale, Kidder Mathews Chairman and CEO Jeff Lyon appointed one of the firm's top brokers to become the firm's new president and said the leadership team is committed to ensuring the Seattle-based firm remains independent for the long term.

Kidder Mathews has no plans "to get folded into a publicly held company," as many of his regional competitors have done in recent years, Lyon added.

Bill Frame, an office specialist who has been with Kidder Mathews for the past 23 years, has been named president and given responsibility for operations across the firm's 17 offices in five West Coast states. Lyon will remain chairman and CEO, and said he will continue to seek opportunities to add offices, recruit talent and expand the real estate firm's business lines.

Frame started his career at Cushman & Wakefield before joining Kidder Mathews in 1993. He is a shareholder in the privately held firm, and he has been a member of the firm's board of directors for the past 18 years and a managing partner for 16 years. He was named SIOR office broker of the year in 2006 and is also a Certified Commercial Investment Member (CCIM).

"Bill's expertise in commercial real estate and his many years of leadership in the firm have earned him the role of leading the firm into the future. He is widely respected in the commercial real estate industry as well as company-wide at Kidder Mathews," said Lyon. "As we plan for our growth and leadership going forward, we feel confident in Bill's ability to add tremendous value and guidance to the firm," said Lyon.

Kidder Mathews has made good on its plans to expand beyond its Pacific Northwest stronghold, expanding in select West Coast markets with the opening of eight offices in the past 18 months in California, Nevada, and Arizona. The firm now has 10 offices in California from San Francisco to San Diego, with plans to continue its expansion into the L.A. market in the next year.

Elevating Frame to president is one of several roles the firm has added in the past year to support its growth, but with the goal of remaining independently owned by its service providers and key employees.

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