{"id":1004590196,"date":"2022-07-07T02:27:17","date_gmt":"2022-07-07T10:27:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004590196"},"modified":"2022-12-08T11:15:11","modified_gmt":"2022-12-08T19:15:11","slug":"jll-acquires-nyc-valuation-advisory-firm","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-acquires-nyc-valuation-advisory-firm\/","title":{"rendered":"JLL Acquires NYC Valuation, Advisory Firm"},"content":{"rendered":"
\"\"<\/a>

Image by Adam Radosavljevic via Pixabay.com<\/p><\/div>\n

JLL<\/strong> has acquired Metropolitan Valuation Services<\/strong>, one of the New York metro area\u2019s largest independent commercial property appraisal and real estate consulting firms.<\/p>\n

Founded in 2003 by Principal & Co-Founder Steven Schleider, MVS has a client list that includes major financial institutions, Fortune 500 corporations, REITs, commercial real estate developers, investors, insurance companies, law firms, the City of New York and government agencies.<\/p>\n

MVS\u2019 core competencies encompass multihousing, 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.<\/p>\n

\n

READ ALSO:<\/strong> Columbia Property Trust Launches Investment Manager<\/a><\/p>\n

\n

Following the transaction, 20 valuations professionals under Schleider and MVS Executive Vice Presidents Peter Rastetter and David Lyon will join the existing JLL NYC Tri-State valuation team of 10 under Executive Vice President Ross Friedman during what JLL calls \u201ca period of intensive pricing discovery.\u201d<\/p>\n

A JLL spokesperson confirmed to Commercial Property Executive<\/em> that financials on the deal are not being disclosed.<\/p>\n

Proptech purchases<\/h2>\n

A couple of recent JLL acquisitions have been in the proptech arena. Last November, the company closed its approximately $300 million purchase of Building Engines, a building operations platform with more than 1,000 customers, many of which had already been JLL clients.<\/p>\n

And in January of this year, JLL acquired Hank, a Sacramento, Calif.\u2013based AI-powered virtual engineering platform that optimizes commercial buildings\u2019 management systems.<\/p>\n

Other recent moves by the company include the launching of a life science property management<\/a> division and a non-profit aiming to mitigate climate change<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The move will boost the company’s Tri-State presence in the niche.<\/p>\n","protected":false},"author":882,"featured_media":1004493538,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,1600,21742,10],"tags":[32796],"class_list":["post-1004590196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-new-york","category-latest","category-northeast","tag-jll"],"acf":[],"yoast_head":"\nJLL Acquires NYC Valuation, Advisory Firm - CPE<\/title>\n<meta name=\"description\" content=\"JLL has acquired Metropolitan Valuation Services, one of the metro New York's largest independent property appraisal and consulting firms.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jll-acquires-nyc-valuation-advisory-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Acquires NYC Valuation, Advisory Firm\" \/>\n<meta property=\"og:description\" content=\"JLL has acquired Metropolitan Valuation Services, one of the metro New York's largest independent property appraisal and consulting firms.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-acquires-nyc-valuation-advisory-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-07T10:27:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:15:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Deal-e1652784072414.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"599\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-acquires-nyc-valuation-advisory-firm\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jll-acquires-nyc-valuation-advisory-firm\/\",\"name\":\"JLL Acquires NYC Valuation, Advisory Firm - 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