CBRE Group, Inc. (CBG - Free Report) has inked a deal to acquire IVI International, Inc. and related companies. IVI International is a White Plains, NY-based firm which offers a full array of construction, environmental consultation, due diligence and advisory services to the real estate industry.
This acquisition is expected to be accretive to CBRE Group as it will strengthen the company’s existing Valuation and Advisory Services team. Further, this deal will be beneficial to clients and employees of IVI International by opening up a broader platform both across range of services and geographies.
IVI has a proven track record of offering analytical services to investors, occupiers and lenders for risk management. The company has provided consulting and advisory services to investors and lenders on over $50 billion of real estate projects. Hence, acquiring such a company is expected to enhance CBRE Group’s capabilities to better serve investors, developers and lenders all over the country.
Based in Los Angeles, CBRE Group is one of the world’s largest commercial real estate services and investment firms, which serves real estate owners, occupiers and investors through around 350 offices. Teaming up with a big player like this is expected to offer more benefits to the existing clients of IVI International.
Currently, CBRE Group has a Zacks Rank #2 (Buy). Investors interested in the Real Estate Operations may consider stocks like NorthStar Realty Finance Corp. , Jones Lang LaSalle Inc. (JLL - Free Report) and Kennedy-Wilson Holdings, Inc. (KW - Free Report) . While NorthStar Realty sports a Zacks Rank #1 (Strong Buy), both Jones Lang LaSalle and Kennedy-Wilson Holdings hold the same Zacks Rank as CBRE Group.