Kidder Mathews Hits Reset Button with New President’s Departure

Bowles

In December, Kidder Mathews announced the promotion of Seattle-native Jim Bowles as the president of its Brokerage Services Division. Today, the firm confirmed that Bowles is no longer with the company and has left the organization to pursue other interests, according Karen Benoit, the firm’s Seattle-based senior vice president of marketing.

Kidder Mathews, Portland, Colliers International, Cushman & Wakefield, commercial real estate news, CBREA lot of effort was placed in announcing Bowles’ promotion. One of his primary goals was to lead an expansion of the Seattle-based brokerage further into California. These plans included expanding the firm’s services in the Bay Area, as well, where the brokerage was to grow organically through acquisition of talent and an eventual opening of an office in the East Bay.

“The Kidder Mathews structure is unique in the industry in that we are a regional company that is owned and operated by the employees, for the employees. The company has no debt, no outside ownership and is not burdened with extensive operational overhead,” said Bowles in an exclusive interview with The Registry in January.

However, most of the growth was planned primarily for southern California and more specifically in San Diego, where the firm just opened its new office.

“Considering the success we’ve already had in rolling out our way of doing business in the Bay Area, we believe there is enormous untapped market potential elsewhere in California, especially in the southern part of the state where our newest office is located,” said Bowles.

No new announcements about a replacement were communicated at this time, and no further information was provided that explained the apparent divergence of visions.

West Coast Commercial Real Estate News