JLL reached an agreement to acquire the Houston affiliate of Integra Realty Resources, a leading network of independent US commercial real estate valuation, counseling and advisory firms. The acquisition represents the initial launch of JLL’s Valuation & Advisory Services in the US and will serve as the foundation for a full-service national valuation business. The acquisition is expected to close by Oct. 15.

IRR - Houston is led by David Dominy, Michael Welch and Kenneth Levenson. David built the business that was founded in 1962 by his father, Jerry Dominy, and became one of the original members of the IRR network in 1999.

The draw for JLL: “IRR - Houston delivers the most comprehensive market intelligence to our clients,” JLL Houston president Dan Bellow says. “We admire the way IRR - Houston conducts its business, which mirrors our culture."

Pictured: Mike Welch, Dan Bellow and David Dominy