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Morton G. Thalhimer joins Insignia/ESG's strategic services provider program.

Insignia/ESG, Inc. and Morton G. Thalhimer, Inc. today announced that an agreement whereby Thalhimer, Virginia's premier commercial real estate estate services company, will join Insignia/ESG's Strategic Services Provider Program. Insignia/ESG, one of the largest commercial real estate services firms in the U.S., launched the SSP (1) (Service Switching Point) The local exchange node in an SS7 telephone network. The SSP can be part of the voice switch or in a separate computer connected to it.  program earlier this month to forge alliances with leading regional real estate companies in select U.S. markets where Insignia/ESG wishes to establish capabilities without maintaining company-owned operations.

As an SSP company, Thalhimer, based in Richmond, Va. with additional offices in the Newport News Newport News, independent city (1990 pop. 170,045), SE Va., on the Virginia peninsula, at the mouth of the James River, off Hampton Roads, near Norfolk; inc. 1896.  and Norfolk markets, will operate as Insignia in·sig·ni·a   also in·sig·ne
n. pl. insignia or in·sig·ni·as
1. A badge of office, rank, membership, or nationality; an emblem.

2. A distinguishing sign.
 Thalhimer and adopt Insignia/ESG's marketing policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental , operating platform and corporate governance Corporate Governance

The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law.

"Morton Thalhimer is a firm very familiar to us. We have been doing business with Thalhimer for years, and are well acquainted with the quality of their professional staff and the strength of their regional market position and reputation," said Richard Jones, an Insignia/ESG Executive Managing Director who oversees the SSP program. "We know that they are the perfect firm to represent us in the Virginia marketplace and are pleased to welcome Thalhimer to the Insignia family."

Thalhimer serves a blue-chip roster of clients, including Georgia Pacific, Circuit City Stores, Philip Morris, Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services.

Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box
, WalMart and many others.

"Our firm is very excited for the opportunity to partner with such a fine, well established firm as Insignia/ESG. Insignia/ESG is a global leader with a proven track record in meeting clients' needs. The alliance will further benefit our clients as they seek enhanced services Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information;  to meet their strategic needs. This was an ideal way for our firm to be able to meet the national and global demands of so many of our clients without compromising the local expertise we've had since 1913," said Paul F. Silver, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Morton G. Thalhimer, Inc.

"From a brokerage perspective, we are constantly seeking ways to strengthen our platform and increase our market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market
penetration - the act of entering into or through something; "the penetration of upper management by women"
. With Insignia/ESG, our brokers will have access to service lines and capabilities that complement our existing strengths. Simply put, the Insignia/ESG alliance gives our brokerage team superior tools to successfully compete in an increasingly competitive industry," said C. Lee Warfield, Senior Vice President of Morton G. Thalhimer, Inc.

Thalhimer is the third major regional real estate services company to join the Insignia/ESG SSP program. Earlier this month, Oxford Realty realty n. a short form of "real estate." (See: real estate)

REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 Services of Pittsburgh (now Insignia Oxford) and Miller Corporate Real Estate Services of Baltimore (now Insignia Miller) signed on as charter members.

Morton G. Thalhimer, Inc., founded in 1913, is a recognized leader in Virginia commercial real estate, with operations in Richmond, Newport News and Norfolk. Thalhimer employs approximately 300 professionals, including 49 brokers, in three offices. The company offers a full range of commercial real estate services including brokerage, corporate, asset, advisory, construction management, and research services. The company was responsible for more than 7.5 million square feet of sale and leasing transactions in 2000 and manages more than 16.5 million sq. ft. Thalhimer has received the top transaction of the year and top producer of the year by the Richmond Association of Realtors almost every year since the award's inception in 1992.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 27, 2001
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