![]() ![]() Mark de Stefanis, who has served as president of a related IVI business, Construction Cost Recovery Inc., said the acquired company has a vast and valuable construction cost database that can be more fully leveraged through CBRE for use by real estate owners and other clients. “IVI and all its folks are coming over” to CBRE with the acquisition, said CBRE spokesman Robert McGrath, confirming that no layoffs are planned. With business growing at an expected 20 percent to 30 percent this year and the company now providing construction risk management advice on about 400 projects nationwide, “Certainly we need all hands on deck,” said de Stefanis. IVI has regional offices in Miami, Dallas, Los Angeles and Bethesda, Md. No office consolidations or staff reductions are planned at this time, de Stefanis said. … We want to leverage that as long as we can.” Mark de Stefanis, director of business operations, said IVI will keep its name under CBRE’s ownership “because of the goodwill attached to that name. The firm has provided services to lenders and investors on more than $50 billion of real estate projects across the U.S., according to CBRE. The company, which provides construction risk management, construction cost recovery, due diligence, environmental, property condition and other consulting services for the industry’s lending institutions and equity investors, has outgrown its headquarters space on West Red Oak Lane in Harrison. de Stefanis, a commercial construction contractor in Westchester, IVI has grown to include 200 employees nationwide under the direction of the founder’s sons, Carl, Mario and Mark de Stefanis. Photo by John Goldenįounded in 1973 as Inspection & Valuation International by Tancredi M. ![]() IVI International executives Carl de Stefanis and Robert Barone outside the company’s Harrison headquarters in June. CBRE also acquired IVI International’s related companies. Terms of the purchase were not disclosed by the two companies when announcing the deal on Monday. The head of IVI International Inc., a family-owned construction consulting business headquartered on the Platinum Mile in Harrison, said he expects the company to double the size of its operations in the next five years after its recent acquisition by CBRE Group Inc. ![]()
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