Commercial property consulting firm CBRE has acquired real estate consulting firm IVI International. The firm’s expertise will enhance the expertise of CBRE’s Valuation & Advisory Services team. For IVI International, the acquisition will allow it to expand both its services and global footprint.
IVI International is an US-based real estate consulting firm founded in 1973 that provides construction, property condition and environmental consulting, due diligence and advisory services to the real estate industry. The firm that is headquartered in New York has more than 200 employees working from its nine offices throughout the US.
CBRE is one of the world’s leading commercial property and real estate services advisors and has around 44,000 employees working from its 350 offices worldwide.
IVI International will complement and enhance CBRE’s Valuation and Advisory Services* team, explains Thomas McDonnell, President Valuation & Advisory Services at CBRE: “IVI has a 40-plus-year record of providing insight and analysis that helps investors, lenders and occupiers manage risk. Adding IVI’s accomplished team to our existing capabilities provides a highly sought after service that we can now offer our investor, developer and lender clients throughout the country.”
The acquisition also offers IVI International significant benefits. “Joining CBRE is a big win for both our clients and employees. CBRE affords us a significantly broader platform – both geographically and across an array of services – to serve our clients, and our people will have enhanced career development opportunities as we integrate with CBRE’s professionals across the country and around the world,” concludes Mark de Stefanis, Director of Business Operations of IVI.
* CBRE’s Valuation & Advisory Services provides appraisal, consulting, environmental and property condition consulting services to a broad base of local, regional and global clients.