LandAm Sub Buys CRE Valuation Company

LandAmerica Financial Group Inc., Richmond, Va., has announced the acquisition (by a subsidiary) of Aaron & Wright Inc., a Houston-based commercial real estate valuation company. The terms of the transaction were not disclosed. The acquisition was carried out by LandAmerica Valuation Corp., which last year acquired Butler Burgher Inc., a Dallas-based appraisal firm. LandAmerica said such acquisitions are part of a targeted growth strategy to gain greater geographic coverage and entry into new market niches and to make LandAmerica "the premier provider of real estate transaction services." The parent company can be found on the Web at http://www.landam.com.

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