WASHINGTON, DC–Newmark Knight Frank is acquiring six Integra Realty Resources offices including the Mid-Atlantic's Washington DC, Baltimore and Wilmington, DE offices. It is also acquiring the New York/New Jersey, Philadelphia and Atlanta offices.
The offices will augment NKF's Valuation & Advisory practice group, which has grown significantly in the past year. By adding these offices, NKF will be able to offer a greater range of geographic coverage; also the talent bench it is acquiring has the background and specialization to further establish the Valuation & Advisory practice group in the broader market, NKF says.
“As we strive to build the most complete commercial real estate offering possible, Valuation & Advisory will continue to be a critical focus,” says NKF CEO Barry Gosin in a prepared statement. “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.”
About the offices being acquired:
- IRR Atlanta, which has serviced Georgia and the Southeast since 1999, is led by Sherry L. Watkins and Carl Schultz Jr;
- IRR Baltimore, which also covers the eastern shore of Maryland, originated 27 years ago as Patrick C. Kerr Appraisal Group and later became Kerr Realty Advisors, and is led by G. Edward Kerr;
- IRR New York and New Jersey has served the Tri-State Area for the past 18 years and is run by co-leaders Raymond T. Cirz and Matthew S. Krauser;
- IRR Philadelphia, previously Joseph Dennis Pasquarella & Co. (a boutique real estate valuation firm specializing in income-producing properties nationally since 1980), has covered Southern New Jersey, Central Pennsylvania and the Lehigh Valley for the past 18 years, and is led by Joseph D. Pasquarella, Michael Silverman, and John P. Pasquarella;
- IRR Washington D.C., which began 27 years ago as Patrick C. Kerr Appraisal Group, covers the D.C. Metropolitan Area and Virginia;
- IRR Wilmington, the only national real estate valuation and advisory firm in the state of Delaware, was founded in 2005 as a spin-off from IRR Philadelphia, and is led by Douglas L. Nickel and Joseph D. Pasquarella.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
