CBRE has announced that it has acquired IVI International. The White Plains, N.Y.-based company, which has been in business for 40 years, brings with it a history of providing integrated construction risk management and due diligence services to clients worldwide.
Since property owners and occupiers are looking for one-stop solutions for their real estate services, it makes sense to CBRE to acquire IVI International for its strong competencies, according to Ben Thypin, the director of market analysis with real estate research and consulting firm Real Capital Analytics.
IVI’s 200-strong team includes engineers, architects, accountants and asset management professionals. All of them work together toward one goal: “to provide “insight and analysis that helps investors, lenders and occupiers manage risk.”
The list of services provided for clients includes:
IVI has been operating through several regional offices throughout the US. It has also maintained an international presence through affiliates located in London and Paris.
The company has lent its expertise to equity investors and lenders for a number of real estate projects with a value in excess of $50 billion.
Other companies in the real estate services area are also acquiring smaller rivals, which not only improves their position in the market but accomplishes the goal of allowing for strategic hiring of experienced industry professionals.
DTZ is a few weeks from completing its own acquisition of Cassidy Turley. CBRE and JLL are acquiring less prominent companies on a regular basis and will likely continue to do so.
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