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GlobeSt.com EXCLUSIVE: Corfac International JVs With Latin Peer

PANAMA CITY-Corporate Facility Advisors-Corfac International of Arlington, VA, forms a joint venture with locally based Latin American Corporate Property Services Inc., which has offices throughout South America.

By Brian K. Miller | Updated on December 01, 2005

PANAMA CITY-Corporate Facility Advisors-Corfac International, an Arlington, VA-based organization comprised of privately held commercial real estate firms in the US and Canada, has expanded its international reach by forming an alliance with locally based Latin American Corporate Property Services Inc., which has offices in Panama, Costa Rica, Venezuela, Colombia, Ecuador, Peru, Brazil, Bolivia, Chile and Argentina.

The affiliation with LACPS takes Corfac’s coverage to more than 150 markets in Europe, the Asia-Pacific and the Americas. Corfac itself has 61 member firms in the US and Canada. Corfac’s overseas coverage comes through its relationship with London-based King Sturge, which has 61 affiliates in Europe and the Asia Pacific. The relationships allow brokers with any of the three organizations to tap into local experts internationally on behalf of their local clients.

“It’s no good just saying that one is international or global,” says LACPS CEO Harvey Ranson. “You really have to think about it, understand it and be able to deal with the people of a particular region or country in their own language, their own different business methods and their own very different cultures.”

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