CBRE Group Inc., the world’s largest commercial real estate services and investment firm, announced that it has acquired IVI International Inc. (IVI) and its related companies. IVI is an industry leader in providing construction, property condition and environmental consulting, due diligence and advisory services to the real estate industry. The firm, based in White Plains, N.Y., has provided consulting services to lenders and equity investors on more than $50 billion of real estate projects throughout the U.S.
Founded in 1973, IVI has more than 200 employees in locations across the U.S. Led by Carl, Mario and Mark de Stefanis, Linda Bryson and Robert Barone, IVI will complement and enhance the expertise of CBRE’s existing Valuation and Advisory Services team, including Assessment & Consulting professionals, in the Americas.
CBRE’s Valuation & Advisory Services provides appraisal, consulting, environmental and property condition consulting services to a broad base of local, regional and global clients. It has a professional staff of more than 1,700 appraisers, engineers, architects and environmental scientists in more than 300 major metro areas globally.
“IVI has a 40-plus-year record of providing insight and analysis that helps investors, lenders and occupiers manage risk,” CBRE President of Americas Valuation & Advisory Services Thomas McDonnell said. “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.”
IVI’s services include construction risk management, property condition reports, Phase I & Phase II environmental site assessment, cost segregation, construction cost auditing and telecom site compliance services.
“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,” IVI Director of Business Operations Mark de Stefanis said.
“We help our clients identify the ‘unknown’ in potential construction projects, and investments and CBRE’s global platform will bolster that effort,” IVI President Robert Barone added.