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NEW YORK CITY-Brooke International, a commercial real estate services firm based in Hong Kong, has been acquired by Insignia Financial Group, based here. Founded in 1988, the firm has offices in China and Thailand and a staff of 88. Founders Nicholas and Margaret Brooke, and their son Chris, will remain with the company, which will be renamed Insignia Brooke. Terms of the deal were not disclosed.

This, the latest in Insignia’s effort to enlarge its presence in the Asia-Pacific region, follows on the heels of its opening of an office in Tokyo earlier this year. “We foresee substantial opportunities in the Asia-Pacific market,” says Andrew L. Farkas, chairman and CEO of the Insignia Financial Group. “Insignia Brooke gives us a strong base from which to build our operations, and enables us to take advantage of rebounding markets throughout Asia.”

Brooke International chairman Nicholas Brooke notes that his firm’s regional reputation and standing will benefit significantly by being part of Insignia. “We have long recognized the need for a strong international partner to complement our local capabilities in the expanding and maturing markets of Asia Pacific,” he says.

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