CBRE Group, Inc. announced that it has acquired IVI International, Inc. (IVI) and its related companies.
IVI provides 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, it 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.