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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.
Terms of the purchase were not disclosed by the two companies when announcing the deal on Dec. 8. CBRE also acquired IVI International's related companies.
Founded in 1973 as Inspection & Valuation International by Tancredi M. 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.
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. The firm has provided services to lenders and investors on more than $50 billion of real estate projects across the U.S.,...