First American Commercial Real Estate Services Expands National Scope Through Acquisition of Urban Appraisal, Inc.
26 September 2005 - 3:32PM
PR Newswire (US)
- First American Adds Key Chicago Market to Nationwide Growth -
DALLAS and CHICAGO, Sept. 26 /PRNewswire-FirstCall/ -- First
American Commercial Real Estate Services, Inc., a member of The
First American Corporation (NYSE:FAF) family of companies, today
announced that it has acquired Urban Appraisal, Inc., a
Chicago-based consulting firm with nationwide clientele, further
expanding First American's national commercial appraisal footprint
in the key Chicago market. During the last 14 years, Urban
Appraisal has built an exceptional reputation in both the local
Chicago and national markets for expertise in the appraisal of
multifamily properties, particularly those affected by affordable
housing programs. Urban Appraisal's founder, William Farina, has 26
years of experience appraising residential, commercial and
industrial properties across the United States. Farina will serve
as vice president of First American Commercial Real Estate Services
overseeing the company's Chicago office. "This teaming further
expands First American's presence in the Chicago real estate market
and provides us with a great opportunity to diversify our overall
real estate endeavors," said S. Lewis Hill, president of First
American Commercial Real Estate Services. "We are very pleased to
bring Mr. Farina's expertise to our family." The new First American
Commercial Real Estate Chicago office will continue its national
work scope, while remaining strongly committed to the Chicago
market. "Our great familiarity with the city's neighborhoods and
their individual economic dynamics allows us to work efficiently in
the Chicago market, while our simultaneous work on multi-family
projects in other large metropolitan areas gives us a solid
national perspective," said Farina. "Becoming part of First
American allows us to draw upon its extensive real estate
information and resources, and we believe this will further expand
and diversify our clientele." About First American Commercial Real
Estate Services First American Commercial Real Estate Services is a
national provider of appraisals, collateral valuations, real and
personal property tax consulting, tax department outsourcing,
commercial flood and environmental risk assessments to the
commercial real estate and financial industries. About The First
American Corporation The First American Corporation (NYSE:FAF), a
Fortune 500 company that traces its history to 1889, is the
nation's largest data provider. First American combines advanced
analytics with its vast data resources to supply businesses and
consumers with valuable information products to support the major
economic events of people's lives, such as getting a job, renting
an apartment, buying a car or house, securing a mortgage and
opening or buying a business. The First American Family of
Companies, many of which command leading market share positions in
their respective industries, operate within six primary business
segments, including: Title Insurance and Services, Specialty
Insurance, Mortgage Information, Property Information, Credit
Information and Screening Information. With revenues of $6.72
billion in 2004, First American has approximately 2,000 offices
throughout the United States and abroad. More information about the
company and an archive of its press releases can be found at
http://www.firstam.com/. Contact: David Schulz Corporate
Communications The First American Corporation (714) 800-3298
DATASOURCE: The First American Corporation CONTACT: David Schulz,
Corporate Communications of The First American Corporation,
+1-714-800-3298, Web site: http://www.firstam.com/
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