South Florida Integra Realty Resources offices join forces

FOR IMMEDIATE RELEASE
Florida, Florida, United States of America (Free-Press-Release.com) March 17, 2011 -- Company contact:
Melissa Cornet
Director of Marketing
Integra Realty Resources
Main: 212-255-7858
MCornet@IRR.com

NEW YORK— March 17— Four Florida offices of Integra Realty Resources, Inc. (Integra), North America’s largest independent commercial real estate valuation and consulting firm, have merged to become a formidable force in the state’s real estate appraisal market. The Orlando, Miami/Palm Beach, Naples, and Sarasota offices will pool their senior management to provide clients with a deeper bench of talent and a strong background of litigation expertise that will favor statewide coverage.
“The Florida office alliance makes perfect sense from a business standpoint and is a reflection of our continued growth,” said Jeffrey Rogers, President of Integra Realty Resources. “The Florida offices play an integral role in our success.”
“This reorganization will have unmatched personnel and capacity to meet and exceed client needs,” said Charles Lentz, Managing Director of Integra Realty Resources-Orlando. “Our melded team will be well positioned to meet growing client demand for valuation services as the market recovers.”

All four offices will remain in their current locations; all management teams remain the same. In addition, Carlos Gobel has joined the firm as the bi-lingual Director of the Residential Practice Group and will be located in the Miami office. In this capacity, he will be responsible for all residential valuation services.
“This new structure will result in greater efficiencies and an increase in our market share,” said Scott Powell, Managing Director of the Miami/Palm Beach office. “Our offices comprise nearly 7% of Integra’s total business volume. Continued distress in the Southeastern markets present new opportunities for our offices to grow market share, because of our broad lender client base and extensive litigation experience.”

“This transaction provides our offices with access to our data and technological resources that smaller firms cannot match,” says Carlton Lloyd, managing director of Integra Realty Resources-Naples. “At the same time, we maintain the local expertise that sets us apart from the other national firms.”
“This will eliminate territory boundaries and competition among our offices,” said Stephen Matonis, President of Integra Realty Resources-Orlando. “We will have additional capacity for larger assignments, and a collaborative environment amongst our senior management that ultimately will benefit our existing and new clients.”

ABOUT INTEGRA REALTY RESOURCES, INC. (IRR)

With corporate offices in New York City, Integra Realty Resources, Inc. is an independent real estate valuation and consulting firm that offers local expertise on a national scale with 60 offices and 850 credentialed consultants and staff located across the United States and in Mexico. Founded in 1999, the Firm specializes in real estate appraisals, feasibility studies, market studies, expert testimony, and related property consulting services. Many of the nation’s largest and most prestigious financial institutions, developers, corporations, law firms, and government agencies are among its clients. Because of the high quality of its professionals, integrated systems, and state-of-the-art technology IRR is capable of handling a wide array of assignments and producing high quality, meaningful results on a timely basis. Please call Integra for your next assignment or visit us at www.IRR.com.

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