BBG acquires real estate appraisal firm Abergel Associates
US real-estate valuation and assessment firm BBG has completed its acquisition of California-based Abergel & Associates, a full-service commercial real-estate appraisal company, for an undisclosed amount. The acquisition follows BBG's purchase of Denver-based Commercial Valuation Consultants, in September 2016.
The acquisition of Abergel & Associates is BBG's second acquisition in the Western Region within the past year. In September, BBG acquired Denver-based Commercial Valuation Consultants.

Abergel & Associates was founded by the firm's CEO Michael Abergel, MAI. Abergel & Associates employs a group of professionals, with extensive expertise across all property types, who will also be joining BBG.

In his new role, Abergel will join the BBG team as Managing Director of the Los Angeles office. He will be responsible for overseeing the office's operations, creating new business opportunities, and quality control.

Prior to the founding of his firm in 1994, Abergel was a vice president at Koeppel, Tenner, Riguardi Inc. Earlier in his career, he held staff positions at American Appraisal Associates and Fuller Associates.

"Our acquisition of Abergel & Associates will play a vital strategic role in the continuing strong growth of BBG in the Western Region as well as nationally," said BBG CEO Chris Roach. "Michael has deservedly earned a reputation as one of the best minds in the business today, and we are extremely fortunate to have someone of his caliber join our company."

"I am thrilled to become part of BBG's team," Abergel said. "BBG is a fast-growing and highly recognized leader in the commercial real-estate valuation and appraisal industry. Our integration with BBG will create significant opportunities for BBG's expanding client base as well as for its employees."

About BBG

BBG is a leading independent national commercial real-estate valuation, advisory and assessment firm headquartered in Dallas with more than 20 offices in key US markets. BBG has achieved a reputation for personal attention, on-time delivery and deep expertise in multi-family, office, retail and industrial sectors. For more information about BBG, please visit www.bbgres.com.

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SOURCE BBG

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