“The completion of this transaction represents a significant step forward in our strategy to build a fully diversified commercial real estate services company,” Farkas says in an announcement. “With the NAI Global acquisition, we are gaining the world’s leading commercial real estate network and a tremendous foundation for future growth. As we begin a new year, we look forward to partnering with the NAI team to provide enhanced services to the commercial and institutional real estate markets they serve as well as continuing to take advantage of other opportunities to grow and expand our platform.”

Founded in 1977, NAI Global has grown from covering 15 countries in 1999 to offering a full, collaborative platform of services to clients in over 350 offices in 55 countries, with over 300 million square feet of commercial space under management.

“It has developed an infrastructure that we as individual companies could never has developed, such as software that costs millions of dollars,” Hanson says. “We’ve gotten global business, accounts from global corporate enterprises.”