CBRE Group, Inc. (NYSE:CBRE) today announced the acquisition of Florida Valuation Group, Inc., a commercial real estate appraisal firm that specializes in right-of-way appraisal and litigation support related to eminent domain proceedings across Florida and the Southeast.
The firm’s three principals, Nick Chop, MAI, R/W-AC; Courtland Eyrick, MAI, AI-GRS; and Justin S. Markley, MAI, CCIM, together with their team of appraisers have years of extensive commercial and litigation appraisal experience.
Mr. Chop has more than 25 years of real estate appraisal and consulting experience and a background in providing valuations, reviews, market studies for both condemning authorities and other clients. Mr. Eyrick brings 18 years of experience in preparing appraisals for litigation support, financial institutions, state agencies, and individuals, with a specialization in eminent domain valuation. With over 11 years of experience, Mr. Markley has provided appraisals, real estate consulting, market analysis and litigation support that spans all commercial real estate types.
“Adding Florida Valuation’s talented professionals and their well-established expertise in right-of-way appraisals enhances our ability to deliver exceptional outcomes for clients facing eminent domain situations,” said Thomas McDonnell, Americas President, CBRE Valuations.
“We have worked hard to be a trusted partner for our clients and joining CBRE enables us to meet more of their ever-evolving needs, in more markets, than ever before. We are excited to be part of the CBRE team,” said Nick Chop of Florida Valuation.
Messrs. Chop, Eyrick and Markley each join CBRE as Directors and will lead CBRE’s Right of Way/Eminent Domain specialty practice in Florida and the Southeast Region. The operation will remain headquartered in Jacksonville, Florida.
“Nick, Courtland, Justin and their colleagues are not only eminent domain specialists but are among the region’s most respected valuation professionals and adding them to CBRE Jacksonville will significantly enhances our market leadership,” said William (Tripp) Gulliford, Senior Managing Director, CBRE Jacksonville.
CBRE provides appraisal, property condition, market studies, feasibilities, underwriting due-diligence, environmental, zoning and telecommunication consulting services to a broad base of local, regional and global clients. It has a professional staff of more than 1,700 appraisers, engineers, architects and environmental scientists in more than 300 major metro areas globally. CBRE has been named the leading global real estate valuation services provider by Euromoney for six years in a row.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
