Standard Valuation Services (SVS), a private company specializing in commercial real estate appraisals and consultation based in Willowbrook, Ill., recently announced an expansion of its Chicago and regional operations, according to a press release.

SVS is bringing on seven team members and onboarding new services from the former owners of the Valbridge Property Advisors/Chicago Metro franchise, effective immediately. This strategic move enhances SVS’s service offerings and solidifies its presence in the Midwest.

“This exciting expansion strengthens our company and adds some of the industry’s most respected commercial real estate appraisers to our team,” SVS CEO Sam Louise said in the release. “Since the beginning, we’ve offered best-in-class appraisals to the Chicago area, and our number one priority is always adding value for our clients. This expansion means bringing on board new specialty expertise, technology, and systems to revolutionize the client experience.”

Founded in 2013, SVS provides appraisals and consultation on all types of commercial and residential real estate to the Chicago and Midwest regional area. SVS has appraised in excess of $20 billion in commercial real estate assets, including high-profile projects like the Uptown Theater and Blarney Island.

“In my career, there are very few types of properties or purposes for analysis I have not experienced,” Gary DeClark, incoming president of Specialty Services and Litigation Support at SVS, said. “The experience and creative problem-solving we bring to assignments will only benefit our clients.”

"We are excited to join the Standard Valuation Services team,” Anthony Mulé, incoming executive vice president of Valuation Services at SVS, said. “Whether it's navigating the constantly evolving real estate markets, providing litigation support, strategic planning, or in-depth property analysis, we are committed to acting as trusted advisors, helping our clients resolve their most complex valuation needs with confidence."