New alliance with Equis creates opportunities for minority vendor.Thomas J. Coates And Associates, Inc, a minority-owned real estate services firm, and Equis Corporation announced a strategic alliance aimed at helping corporations achieve real estate cost and performance objectives, while supporting minority vendor participation. TJC/Equis, the new alliance of the Chicago-based firms, has a common client, The Coca-Cola Company, which was instrumental in bringing about the partnership. The alliance is currently working with The Hoeing Company on a significant leasing transaction in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . In addition, Coates will assist Equis in providing services, to the U.S. General Services Administration The General Services Administration (GSA) was established by section 101 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C.A. § 751). The GSA sets policy for and manages government property and records. (GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. ) in Illinois. Equis recently announced it had won contracts to provide transaction services for the GSA in several geographic regions, comprising a total of 33 states. "Until now, corporate real estate departments have found it difficult to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. their base of vendors and suppliers because few firms exist which can handle such large volumes of global real estate transactions," said Thomas Coates, president and founder of Thomas J. Coates and Associates. "By using Equis' global support network, we extend our reach and ensure clients a single contact to coordinate any number of complex transactions." Similar alliances have been created in many supplier industries, but few in the service sector and none in real estate, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Harriet R. Michel, president of the National Minority Supplier Development Council (NMSDC NMSDC National Minority Supplier Development Council, Inc. ), one of the country's leading business membership organizations. Thus, the uniqueness of this alliance will create impressive new business opportunities. |
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