News Column

Situs Expanding Houston Office

Oct. 22, 2012
Houston

Situs, a leading provider of global commercial real estate services and consulting solutions, today announced plans for a significant expansion of the firm's Houston headquarters.

"As Situs continues to see strong growth across the U.S. and abroad, our capabilities continue to evolve, allowing us to successfully and seamlessly deliver best-in-class service and counseling within the commercial real estate sector," said Zenobia Tambuvala, executive managing director, due diligence & underwriting for Situs. "With continued positive response from the market for real estate on a national level, we are seeing an accelerated need for top local talent."

As the corporate headquarters, the Situs location currently employs over 50 professionals with expertise in commercial real estate loan underwriting, bank loan evaluation and forensic accounting. The firm hopes to double the size of the group through the 1st quarter of 2013.

This expansion follows additional growth for Situs in the U.S. and abroad. The firm has seen similar staff additions in the company's Atlanta and New York offices. In the past month, the company announced the acquisition of Deutsche Bank's European commercial mortgage servicing business, making Situs one of the largest third party servicers in Europe.



Source: Copyright Business Wire 2012


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