LOS ANGELES—CBRE Group Inc. has expanded its valuation and advisory services platform with the acquisition of IVI International, a construction consulting and due diligence firm that has advised on more than 5,000 projects ranging from Hudson Yards in Manhattan to L.A. Live in Los Angeles. Terms of the acquisition were not disclosed; a CBRE spokesman tells GlobeSt.com that the White Plains, NY-based firm will continue to operate as IVI International, a CBRE Company.

“IVI has a 40-plus-year record of providing insight and analysis that helps investors, lenders and occupiers manage risk,” says Thomas B. McDonnell, president, Americas valuation & advisory services at CBRE. “Adding IVI’s accomplished team to our existing capabilities provides a highly sought after service that we can now offer our investor, developer and lender clients throughout the country.”

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