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CBRE makes strategic acquisition in Southern California
CBRE has acquired the Los Angeles and Orange County affiliates of Integra Realty Resources (IRR).
IRR-Los Angeles/Orange County specialize in appraisals for Right-of-Way (ROW), in addition to providing valuation and advisory services across a broad spectrum of property types. The firm has completed about 500 assignments annually for more than 100 regional and national clients.
The acquisition complements CBRE’s national Valuation & Advisory Services (VAS) ROW practice, the largest of its kind in the U.S., and expands the firm’s market-leading valuation team in Southern California.
“This initiative continues the growth of our national ROW valuation business and expands our presence in Southern California, where the new team is widely regarded as the leaders in ROW appraisal services,” said Tom Edwards, global president of VAS for CBRE. “This team will benefit greatly from the opportunity to leverage the data, technology and analytics provided by