BBG Acquires Valuation Firm HCP Advisors

Christopher Harman was named as senior managing director of the BBG Austin office.

AUSTIN, TX—BBG continues to strengthen its presence in the Southwestern region and the United States with the acquisition of HCP Advisors, an Austin-based commercial real estate valuation and advisory firm. The acquisition marks major milestone for BBG, a fast-growing commercial real estate valuation firm, with 28 offices nationwide. Terms of the acquisition were not disclosed.

HCP Advisors provided commercial real estate valuation and advisory services to some of the largest US corporations and financial institutions. Its services included property valuation, due diligence, appraisal review, market research, site acquisitions, workouts, dispositions, and leasing and property tax consulting for multifamily, office, industrial, retail and other property types. The firm also assisted telecommunication companies on telecom infrastructure agreements with large commercial property owners.