An announcement has been made by CBRE Group Inc. regarding its acquisition of IVI International Inc. and all its related companies.IVI, located in White Plains, New York is a leader in providing environmental consulting, advisory services, due diligence and construction to the real estate industry. It has offered services to equity investors and lenders which exceed $50bn worth of real estate ventures within the US.
The company was founded during 1973 and employs in excess of 200 people across the US. IVI will both enhance and complement the current team at CBRE.
IVI’s Director of Business Operations, Mark de Stefanis, said this joining of the companies will prove to be beneficial for both clients and employees. He said CBRE will allow them access to a much broader platform, across a range of services and geographically.
The Valuation & Advisory Service section at CBRE offers environmental, property condition, consulting and appraisal services to a wide base of regional, local and international clients. It currently employs a staff complement of 1700 engineers, environmental scientists, architects and appraisers across 300 major metro areas internationally. The company was named the top global valuation services provider for the third year in a row at the 2014 Euromoney real estate awards.
CBRE Group Inc. is an S&P 500 and Fortune 500 company, with headquarters in Los Angeles. It is one of the globe’s largest commercial real estate and investment companies. The company employs about 44000 people, with the exclusion of affiliates, and offers services to real estate investors, occupiers and owners through its 350 offices globally.