CBRE today announced it is expanding its Valuation & Advisory Services (VAS) offering with one of the leading Right-of-Way (ROW) appraisal teams joining in the Southeast. 

Led by Haywood Newkirk, the team of five specialist ROW appraisers has completed more than 6,000 commercial appraisals in the Southeast across most property types at a market value over $4 billion. They join CBRE from Clontz Newkirk Real Estate Group (CNREG) headquartered in Wilmington, North Carolina.

The ROW team will focus on appraisal and consulting for government infrastructure projects, equitable distribution, litigation support, and expert witness services across multiple states in the Southeast region. It will complement CBRE’s national VAS ROW practice, the largest of its kind in the U.S. with more than 40 dedicated valuation specialists.

“Our clients need to know that when they come to us for their ROW appraisal needs, they are going to work with the top experts in each market in the U.S. Timing is critical for our clients and they need a partner that can consistently execute large volumes of appraisals on multiple ROW projects and deliver quickly. This specialist team will help us drive great outcomes for our clients,” said Micah Beck, National Head of VAS Strategic Growth for CBRE.

Mr. Newkirk joins CBRE as an Executive Vice President and was the co-founder and President at CNREG. He has significant expert witness experience at both the state and federal level and is a trusted advisor to the largest ROW clients in states throughout the southeast. Prior to CNREG, he was as a real estate consultant and appraiser in Atlanta for KPMG and Arthur Anderson. He began his career as a Staff Analyst for the U.S. Congress in Washington D.C.

“CBRE is the premier valuation and advisory services firm in the industry and provides the opportunity to leverage our specialized experience and intellectual capital, with the data, technology and analytics their platform brings as the world’s largest commercial real estate firm,” said Mr. Newkirk.

Chris Walker and Ella Vrolyk join CBRE as Vice Presidents, with Terry Alexander and Bradley Dunn joining as Senior Valuation Associates.