Neal says the move is a good one for both his own professional development as well as GVA Advantis'. "This is a great opportunity for diversifying and expanding my business and investment experience and strengths into an entirely different sector of the real estate industry," he says in a prepared statement. "With the planned growth and retooling of GVA Advantis, we will be able to offer a wide variety of real estate expertise to a broader range of clientele than my past areas of focus have allowed." Over the next five years, the company intends to expand into new growth markets and product areas. Neal did not return a call from GlobeSt.com in time for deadline.
As part of the acquisition, GVA Advantis' headquarters have already been relocated to Washington, DC, from Atlanta. Richard Pogue, former president of Koll Northern California and chairman of CBRE's Canadian operations, is the new president and CEO of GVA Advantis.
GVA Advantis, in its current incarnation, has steadily evolved from a commercial brokerage into a full service firm. Originally based in Norfolk, VA, and known as Goodman, Segar, Hogan, it expanded outside of its home state to Atlanta, Raleigh, Jacksonville, Tampa and Orlando while adding development, construction and property management to its services line-up.
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