Colliers Meredith & Grew (CMG), a Boston-based commercial real estate firm, has announced a joint operating agreement with Carlsbad, Calif.-based appraisal services provider FirstService PGP Valuation (FSPGP, formerly known as PGP Valuation).
The aligned offering will provide clients with enhanced valuation and advisory services throughout the New England region, the companies say. The agreement comes as FirstService Corp., majority owner of Colliers International, Colliers Meredith and Grew (CMG) and FSPGP, integrates and grows its real estate operations.
With over 200 employees across 21 offices, FSPGP provides valuation services to a range of private, institutional, financial, corporate and government clients with real estate and investment properties and portfolios. The firm provides quality control and appraisal and portfolio services programs to the Federal Deposit Insurance Corp. (FDIC) in accordance with FDIC's workout of distressed financial institutions.
"The venture will combine FSPGP's national strength and technology platform with CMG's local resources and expertise to greatly enhance our valuation offering to our clients," says CMG Chairperson Tom Hynes.