ALBUQUERQUE, N.M. — Roger Cox & Associates, a leading independent real estate services firm in Albuquerque, has shaken up its management and ended its less than two-month-old affiliation with Colliers International, a Seattle-based company with offices in 61 countries.
Jacob Cox, son of company founder Roger Cox and a 2006 graduate of the University of New Mexico, is out as president only six months after taking over the reins of the 46-year-old company. He had pushed the affiliation with Colliers that was announced in mid-August.
When contacted by the Journal, Jacob Cox declined to comment on his ouster.
Roger Cox & Associates’ new management includes the promotion of two long-term employees: Brian Anderson as chief operating officer overseeing day-to-day operations of all divisions and Mark Hammond as president and sales manager of its real estate brokerage division. Roger Cox remains CEO of all divisions.
The company announced the management changes on Monday, but the news release did not address the affiliation with Colliers. Company spokeswoman Elizabeth Cox did not return a call for comment on terminating the affiliation.
When contacted by the Journal, a spokesman at Colliers emailed, “As a result of the recently announced management changes at Roger Cox & Associates, Colliers International and Roger Cox have agreed to end their brief business relationship.”
The affiliation would have rebranded as Collier International just the commercial real estate brokerage part of Roger Cox & Associates. Colliers had wanted a presence in New Mexico because it already has clients here.
Brad Allen, president of commercial brokerage at Roger Cox & Associates, recently left the company with coworker Lance Sigmon to form Allen Sigmon Real Estate Group. Allen said the departure was in the works 10 months ago and thus predates Jacob Cox’s tenure as president and the Colliers affiliation.
In its announcement of management changes, Roger Cox & Associates said it has formed a construction and development division headed by Josh Hiatt, formerly with Zwik Construction of Salt Lake City. The division will basically buy, build, own and hold residential and commercial properties.
Roger Cox & Associates’ most high-profile division is property management, which Anderson has headed for years. In May, Anderson told the Journal it managed 1,337,000 square feet of office, industrial and retail space and 1,555 residential units.
Roger Cox is something of a senior statesman in local commercial real estate. A veteran developer and the first New Mexican to be designated a Certified Commercial Investment member, he developed the 3,660-acre Paa-Ko Communities in Sandia Park.