JLL announced on Wednesday that it had "acquired Metropolitan Valuation Services ("MVS"), one of the largest independent commercial property appraisal and real estate consulting firms in the greater New York metropolitan area."
The company noted that the acquisition adds 20 valuation experts to JLL's existing 10, with MVS adding strength in "multi-housing, CBD and suburban office buildings, industrial/warehouse and shopping/retail properties, land, property transfers and market rent studies and appraisals for HUD section 8 properties" in the tri-state area.
The potential also extends beyond having additional experienced personnel in a hot and important CRE market. In the current tech-infused real estate industry, the real edge will be what a company knows.
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