JLL Triples Its Valuations Team for NYC Tri-State Area
It acquired real estate valuation advisory firm Metropolitan Valuation Services.
JLL has tripled its number of valuation professionals in the NYC tri-state area by acquiring Metropolitan Valuation Services (MVS), one of the largest independent commercial property appraisal and real estate consulting firms in the area.
This gives JLL a “powerhouse during a period of intensive pricing discovery,” the company said in a release.
MVS’s core competency extends to 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.
Steven Schleider, president of Metropolitan Valuation Services, said, with JLL, “we will have the resources to scale faster, broaden our existing practice areas, serve new asset sectors and to continue assisting investors and lenders in the NYC Tri-State area.”