NKF Acquires Integra Realty Resources Offices in Denver
DENVER — Newmark Group, Inc. (NASDAQ: NMRK) has acquired the Denver and Pasadena offices of Integra Realty Resources (IRR) — the largest independent commercial real estate valuation, counseling, and advisory services firm in the United States — as part of a strategic move to develop its Valuation & Advisory (V&A) practice.
NKF also acquired eight other IRR offices in New York/New Jersey, Philadelphia, Wilmington, Baltimore, Washington, DC, and Atlanta.. The acquisitions were led by Barry Gosin, NKF’s chief executive officer, and John Busi, president of V&A.
The Denver team comprises 23 employees, of which six are MAI designees, along with certified general appraisers and junior appraisers.
Brad Weiman, also joins NKF as a senior managing director and as the Market Leader – Rocky Mountain States, which includes, Colorado, Idaho, Montana, Wyoming and Utah. Previously, Mr. Weiman was a senior managing director and Majority Partner of the IRR Denver and Pasadena offices. His experience includes investment analyses and valuations of regional malls and shopping centers, health clubs, office buildings, multihousing, industrial facilities, and commercial tracts.
“We welcome the addition of Brad Weiman and the team to NKF Denver and the further expansion of the region’s diverse client services capabilities,” commented NKF Executive Vice President and Regional Managing Director Kevin McCabe. “Expansion of V&A services is a critical component of our full-service platform and part of our commitment to provide comprehensive services to match our clients’ expanding real estate requirements locally, nationally and internationally. NKF Denver, in particular, will gain competitive advantage from these new colleagues, and our clients will gain from their valuation and advisory expertise and industry relationships.”
“My team and NKF fit together culturally, and all of the Denver employees are eager to work closely with NKF professionals in Denver, as well as in other markets. Since the acquisition, we’ve already begun working with other NKF V&A teams across the country,” Mr. Weiman added.
As a result of the ten IRR office acquisitions, the additions of Southeast Realty Consultants (a multi-family practice headquartered in Atlanta and led by Raymond Higgins), Salus Valuation (a national senior housing/healthcare practice headquartered in Palm Beach and led by Norm LeZotte) and recruiting and on-boarding of top professionals from the leading firms in the market, V&A
headcount has increased from 30 to 400 employees in 55 locations across the Americas in just under 18 months.
Photo courtesy of NKF