“As we strive to build the most complete commercial real estate offering possible, Valuation & Advisory will continue to be a critical focus,” says CEO Barry Gosin. “The additional resources and expertise provided by the IRR offices will better enable us to deliver top-notch consulting, analysis and resources and afford our clients the best possible financial outcomes. We look forward to supporting a Valuation & Advisory business that utilizes all of the specializations that come to us as a result of this agreement.”

NEW YORK CITY—Newmark Knight Frank continues to expand its Valuation & Advisory practice with an agreement to acquire six East Coast offices of Integra Realty Resources. The acquisitions follow a number of other recent hires and expansion across the NKF platform.

The IRR offices and personnel that will be integrated into the NKF platform cover New York/New Jersey; Philadelphia; Wilmington, DE; Baltimore; Washington, DC; and Atlanta. “This deal is the centerpiece of a carefully developed strategy,” says John Busi, president of NKF's Valuation & Advisory practice. “The professionals that will now become part of the NKF platform were founding partners in the IRR franchise, and their names have long been associated with that known brand. After spending our careers as competitors, we now have the opportunity to work side-by-side to build a business that combines all the best elements of the organizations we came from.”

In addition to these acquisitions, NKF's most recent hires include former Southeast Realty Consultants partner Raymond Higgins, as well as other former, senior members of SRC, who will lead NKF's national multifamily practice and serve the southeast geographies of Georgia, Tennessee, Alabama, Mississippi, North Carolina and South Carolina. In addition, former Salus Valuation leader Norm LeZotte runs NKF's Valuation & Advisory national seniors practice; top producer Greg Becker oversees Florida; former IRR Minneapolis partner Michelle Koeller runs the North-Central regions, including Iowa, Minnesota, Wisconsin, Nebraska, and the Dakotas; and Northern California market leader and 26-year veteran Robby Perrino covers the key markets of San Francisco, Sacramento and the Silicon Valley.

Additionally, Steve Cosby now leads both NKF's national self-storage practice and oversees Arkansas, Missouri, Oklahoma, and Kansas; Gavin McPhie assumes the area role covering Arizona, New Mexico and Nevada; and Eric Finley and David Thibodeaux handle the Houston and Austin/San Antonio Texas markets, respectively.

“As we strive to build the most complete commercial real estate offering possible, Valuation & Advisory will continue to be a critical focus,” says CEO Barry Gosin. “The additional resources and expertise provided by the IRR offices will better enable us to deliver top-notch consulting, analysis and resources and afford our clients the best possible financial outcomes. We look forward to supporting a Valuation & Advisory business that utilizes all of the specializations that come to us as a result of this agreement.”