Industry Leader PGP Valuation Becomes FirstService PGP Valuation
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- Renowned Appraisal Experts to Leverage Powerful, Growing Global Real Estate
Platform -
SEATTLE and SAN DIEGO, Nov. 2 /PRNewswire/ -- In a strategic move that
expands opportunities for clients through the integrated service platform of
FirstService Real Estate Advisors ("FirstService REA"), PGP Valuation
announced today its rebranding as FirstService PGP Valuation. The move comes
as both firms continue with rapid, strategic expansion while undertaking new
service offerings, refining infrastructure, recruiting industry-leading
professionals and strengthening their position as one of the top global
commercial real estate firms.
"This new direction and relationship is of tremendous benefit to our valued
national and international clients," said Kenneth Harrison, MAI, president and
CEO of FirstService PGP Valuation. "All of our clients will have seamless
access to renowned PGP Valuation services along with the rapidly growing
FirstService REA global real estate platform -- all through the new
FirstService PGP Valuation brand. All FirstService clients benefit from a full
suite of commercial real estate services that include unmatched valuation and
appraisal expertise along with brokerage, consulting, corporate services,
property management and other value-driven services."
Founded in 1978, FirstService PGP Valuation employs more than 200 personnel
across 20 strategically located U.S. markets. Last year, the firm completed
more than 15,000 appraisals and consulting assignments on behalf of some of
the nation's largest institutional, corporate, private and government clients,
including serving as the FDIC's valuation services partner for asset
appraisals associated with bank workouts under FDIC management. Harrison will
continue to serve as president and CEO of FirstService PGP Valuation from the
firm's headquarters located in Carlsbad, CA.
"Formalizing our collaborative go-to-market relationship with FirstService PGP
Valuation is a critical milestone in the evolution of FirstService REA's
integrated platform," said Dylan E. Taylor, president of U.S. operations for
FirstService REA. "Now that FirstService REA and FirstService PGP Valuation
have fully affirmed mutual commitments -- including a shared lineage and
market identity -- we are even better positioned to create powerful results
that distinguish ourselves from the traditional real estate services
landscape."
FirstService REA and FirstService PGP Valuation are part of FirstService
Corporation, the international parent enterprise of the increasingly
recognized FirstService family of companies. The firm also provides access to
a range of commercial real estate services through brands such as Colliers
International, PKF Hospitality and MHPM Project Leaders.
About FirstService PGP Valuation
Based in San Diego, CA, FirstService PGP Valuation is a national appraisal and
consulting services firm. Founded in 1978, the company employs more than 180
associates in 16 offices. In 2008, PGP completed more than 10,000 appraisals,
market studies, consulting assignments, appraisal reviews and feasibility
analyses encompassing the full range of property types. The company is fully
networked with local expertise in all major American markets.
About FirstService Real Estate Advisors
FirstService Real Estate Advisors ("FirstService REA") is the emerging leader
in the global professional services industry. As the fastest growing and
fourth largest commercial real estate services firm in the world, FirstService
REA has strategically integrated industry leading service providers in key
areas of specialization to deliver consistent and measurable results for
occupiers, developers and investors in real estate. FirstService REA operates
in 37 countries around the world. In North America, FirstService REA provides
services through the leading real estate brands; FirstService REA, Colliers
International, FirstService Williams, PGP Valuation, PKF Hospitality, and MHPM
Project Leaders.
About FirstService Corporation
FirstService Corporation (Nasdaq: FSRV; TSX: FSV and FSV.PR.U) is a global
diversified leader in the rapidly growing property services sector, providing
services in the following three areas: commercial real estate, residential
property management; and property services. The industry-leading service
platform includes: FirstService Real Estate Advisors, the fourth largest
global player in commercial real estate services; FirstService Residential
Management, the largest manager of residential communities in North America;
and TFC, North America's largest provider of property services through
franchise and contractor networks.
FirstService generates more than US $1.7 billion in annualized revenues and
has more than 18,000 employees worldwide. More information about FirstService
is available at www.firstservice.com.
For further information please contact:
Parke Chapman, Russ Colchamiro
The Marino Organization
Tel: 212-889-0808
Email: parke@themarino.org, russ@themarino.org
SOURCE FirstService PGP Valuation
Parke Chapman, parke@themarino.org, Russ Colchamiro, russ@themarino.org, The
Marino Organization, +1-212-889-0808, for FirstService PGP Valuation
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