The First American Corp., Santa Ana, Calif., has announced the acquisition of KTR Newmark Real Estate Services LLC and KTR Newmark Consultants LLC, privately held firms that offer appraisal, environmental, and engineering advisory services related to commercial real estate investment.The terms of the transaction were not disclosed. The combined businesses will operate under the name KTR Valuation & Consulting Services LLC and will be headquartered in New York City, with regional offices in Chicago, Dallas, Los Angeles, and Woodbridge, N.J. "KTR employs many of the most sought-after commercial real estate service specialists in the nation," said James M. Orphanides, a regional vice president of First American Title Insurance Co. and now chairman and president of KTR Valuation. Terence Tener, an 18-year veteran of KTR Newmark, will be the new company's chief executive officer. First American can be found online at http://www.firstam.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry