DALLAS, Dec. 10, 2018—BBG, a leading national independent commercial real estate valuation, consulting and assessment firm, experienced stellar growth in 2018 and anticipates continued upward momentum in the new year, the company announced today.
Expanding its national footprint, BBG acquired or opened offices in key strategic markets, made a series of high-profile executive appointments, and broadened its leadership role in the commercial real estate industry.
BBG CEO Chris Roach commented: “In 2018, we followed an aggressive growth strategy that yielded impressive results for our firm. During this period, we added new markets and expanded our team with some of the most highly talented individuals in our industry. Our leadership team expanded with senior executives appointed to top positions with the industry’s largest professional organization and honored for their significant contributions to the industry. These events reflect our ongoing commitment to offer the highest-quality services possible for our clients’ demanding and diverse needs now and in the future.”
BBG’s performance growth rate year over year is approximately 20%, which was consistent with prior years. The company currently has 30 offices and has added 82 employees nationwide this year.
Key acquisitions in strategic markets were made across the country this year, including Austin-based HCP Advisors, Integra Realty Resources’ offices in Portland, Ore. and Vancouver, Wash., and Jerome Haims Realty in New York City.
The firm also opened a new office in Nashville, Tenn., and relocated its Michigan office to Detroit’s revitalized Midtown district, earning the distinction as the first national commercial real estate valuation firm to move to that area.
BBG’s strong growth was also driven by several senior-level executive appointments and promotions which strengthened its experience and expertise in valuation, advisory and assessment services in all facets of commercial real estate. They included:
BBG expanded its leadership role in the industry, with the election of Senior Managing Director-Western Region Rodman Schley MRA, SRA to Vice President of The Appraisal Institute, beginning Jan. 1, 2019.
In addition, Senior Managing Director Ken Konrath MAI was elected to President of the AI’s Chicago chapter, and Lee Smalley MAI, Managing Director of the firm’s Miami office, was presented with AI’s “Volunteer of Distinction” award.
BBG is a leading independent national commercial real-estate valuation, advisory and assessment firm headquartered in Dallas with 30 offices in key US markets.BBG has achieved a reputation for personal attention, on-time delivery and deep expertise in multi-family, office, retail and industrial sectors. For more information about BBG, please visit www.bbgres.com.