Los Angeles, December 8, 2014 – CBRE Group, Inc. (NYSE:CBG) today 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, New York, 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.
“IVI has a 40-plus-year record of providing insight and analysis that helps investors, lenders and occupiers manage risk,” said Thomas B. McDonnell, president, Americas Valuation & Advisory Services, CBRE. “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 has consulted on major real estate projects including the Wynn Las Vegas, LA Live! in Los Angeles, and the Time Warner Center, One57, the Empire State Building, Hudson Yards and the Chrysler Building in New York City. 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,” said Mark de Stefanis, Director of Business Operations of IVI.
“We help our clients identify the ‘unknown’ in potential construction projects, and investments and CBRE’s global platform will bolster that effort,” added Robert Barone, President of IVI.
IVI professionals have been long-time industry thought leaders. More information regarding IVI can be found at www.ivi-intl.com.
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. CBRE was recently named the leading global valuation services provider in the 2014 Euromoney real estate awards for the third year in a row.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
“Safe Harbor” Statement Under the U.S. Private Securities Litigation Reform Act of 1995
Certain of the statements in this release regarding the acquisition of IVI International, Inc. (IVI) that do not concern purely historical data are forward-looking statements within the meaning of the ''safe harbor'' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, including, but not limited to, the ability of the parties to successfully integrate IVI with CBRE’s existing operations in the Americas and globally, as well as other risks and uncertainties discussed in CBRE’s filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release and, except to the extent required by applicable securities laws, CBRE expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If CBRE does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to CBRE’s business in general, please refer to CBRE’s SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2013 and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2014. Such filings are available publicly and may be obtained off the Company's website at www.cbre.com or upon request from the CBRE Investor Relations Department at email@example.com.