D.C.-based Madison Marquette, a co-developer of The Wharf, and Houston-based PMRG finalized their merger on Wednesday, the pair announced, forming a single new, full-integrated commercial real estate firm with 600 professionals and a major presence from the south to both coasts.
Terms of the deal, which was first revealed last month as being in the final stages of negotiations, have not been announced. The combined company will be headquartered in the District, with employees and functions spread out across 12 regional U.S. offices.
Leadership of both firms, including Madison Marquette Chairman Amer Hammour, will remain in place. The two firms will retain their individual brands for now until the combined company reveals its new name. Both are now under the umbrella of Capital Guidance, a privately held, international investment firm.
“Our growth strategy is to be responsive to client demand for expanded investment and property services and for…