Dallas firm buys Cook & Assoc.

BBG, a Dallas-based independent commercial real estate due diligence firm, has announced it has expanded its litigation support, expert witness testimony and real estate appraisal services with the acquisition of J. Philip Cook & Associates, a Salt Lake City commercial real estate services firm. Terms of the transaction were not disclosed.

Phil Cook, the Utah firm’s founder, was named as a managing director of BBG’s Salt Lake City office. Corey Cook, Nate Herrscher and Spencer Cook were named as directors.

“For more than four decades, Phil and his team have served law firms, government agencies and private property owners, among other clients, in complex appraisal assignments, often involving litigation,” BBG said in its press release announcing the acquisition. “The acquisition of J. Philip Cook & Associates is an important step in BBG’s continued effort to build a comprehensive portfolio of services and specialties to serve its diverse and growing customer base.”

J. Philip Cook & Associates’ assignments include eminent domain disputes, state and local property tax disputes, bankruptcy, foreclosure and loan deficiency, construction defects, real estate damages and other litigation actions.

“We are delighted to welcome the team to BBG,” said Chris Roach, CEO of BBG.” Phil and his team have built a market-leading reputation for quality. We are excited to add the team’s expertise and knowledge to BBG’s platform for our customers.”

BBG has 48 offices in key U.S. markets and serves more than 2,800 clients. It has been recognized as one of the Big Five national commercial real estate valuation firms.