BBG Acquires Florida Real Estate Appraisal Firm

BBG, a leading national commercial real estate due diligence firm, today announced that it acquired Herr Valuation Advisors, Inc., a Tampa-based real estate appraisal firm. Terms of the transaction were not disclosed. The deal marks BBG's second acquisition within the past five months. In October 2019, BBG acquired New Jersey-based Izenberg Appraisal Associates, Inc. BBG has a total of 36 offices nationwide. HVA, a leading Florida appraisal firm, is widely known for its extensive expertise in appraisals of various commercial property types in west-central Florida and elsewhere across the state. The HVA acquisition will complement and strengthen BBG's services to clients in this key strategic market, which has shown strong growth due to a robust economy and an expanding population. Tampa's thriving commercial real estate market is forecasted to have more than $13 billion in non-residential and multi-family projects in the pipeline over the next decade.