How do you describe the consolidation in the local commercial real estate business? Below is an edited transcript of the interview.

Lord said he will hire two more brokers by the end of the year and six additional brokers in 2015. The result is SVN Lord Partners.Īlready joining Lord in the expanded business is a cousin, Cheri Simon, another real estate veteran. He decided this year to participate in the trend by affiliating his Lord Partners, based in Clayton, with Sperry Van Ness International, a Boston-based real estate brokerage franchisor with 180 offices in 36 cities. In one of the bigger deals, DTZ Group said it September it had a deal to acquire Cassidy Turley. Lord had watched as commercial property brokerages sought partners to better compete with industry heavyweights CBRE Group, Jones Lang LaSalle and Cushman & Wakefield. The question: Should he continue to go it alone in commercial real estate or find a partner to help him survive in an industry that is rapidly consolidating? Last winter, Kurt Lord spent a weekend alone at a remote cabin near Steelville, Mo., where he built a fire against the winter cold and pondered his business future. Married with four children lives in Creve Coeur.Bachelor's degree and MBA, Southern Methodist University law degree, Washington University.Kurt Lord, managing director, and cousin Cheri Simon, vice president, of SVN Lord Partners.

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