Content about Grubb & Ellis Company

January 3, 2012
Grubb & Ellis: Continued sluggish real estate recovery in 2012

The struggling housing market, weak job growth and ongoing consumer deleveraging caused the retail market to lag other property sectors in 2011, according to Grubb & Ellis Co.’s 2012 National Real Estate Forecast, which predicts a year of slow but continued growth for all commercial real estate property sectors.

Santa Ana, Calif. -- The struggling housing market, weak job growth and ongoing consumer deleveraging caused the retail market to lag other property sectors in 2011, according to Grubb & Ellis Co.’s 2012 National Real Estate Forecast, which predicts a year of slow but continued growth for all commercial real estate property sectors.

September 23, 2011
Bay Area Family Fitness Centers to open in San Jose, Calif.

Grubb & Ellis Co. said that Bay Area Family Fitness Centers has leased 38,133 sq. ft. of retail space at Gould Shopping Center, in San Jose, Calif.

Walnut Creek, Calif. -- Grubb & Ellis Co. said that Bay Area Family Fitness Centers has leased 38,133 sq. ft. of retail space at Gould Shopping Center, in San Jose, Calif.

The space will serve as the second location for the company, which markets affordable fitness. It is expected to open by year-end.
 

June 16, 2011
Westheimer Crossing Shopping Center changes hands

Grubb & Ellis Co. said Wednesday that it represented Gulf Coast Commercial Group in the sale of Westheimer Crossing Shopping Center, a 94,053-sq.-ft. retail center in Houston.

Houston -- Grubb & Ellis Co. said Wednesday that it represented Gulf Coast Commercial Group in the sale of Westheimer Crossing Shopping Center, a 94,053-sq.-ft. retail center in Houston.

Delta Troy Interests Ltd. purchased the property for an undisclosed price.  The property was approximately 90% occupied at the time of sale to multiple tenants, including DSW, REI and Michaels Stores.

May 31, 2011
Grubb & Ellis continues to explore possible sale

In follow-up to its prior announcement that it would explore strategic alternatives, including a potential sale or merger, real estate services and investment firm Grubb & Ellis Co. said Tuesday that is exclusivity period with Colony Capital LLC, which had expressed interest in exploring a strategic transaction with Grubb & Ellis, ended on May 29.

Santa Ana, Calif. -- In follow-up to its prior announcement that it would explore strategic alternatives, including a potential sale or merger, real estate services and investment firm Grubb & Ellis Co. said Tuesday that is exclusivity period with Colony Capital LLC, which had expressed interest in exploring a strategic transaction with Grubb & Ellis, ended on May 29. Grubb & Ellis said that, while it will continue its discussions with Colony, it will engage in additional discussions with other parties.

May 13, 2011
Cole Real Estate selects Grubb & Ellis to lease Whittwood Town Center

Grubb & Ellis Co. said that Cole Real Estate Investments has selected members of the company’s Retail Group to lease Whittwood Town Center, a 686,211-sq.-ft. shopping center in Whittier, Calif.

Newport Beach, Calif. -- Grubb & Ellis Co. said that Cole Real Estate Investments has selected members of the company’s Retail Group to lease Whittwood Town Center, a 686,211-sq.-ft. shopping center in Whittier, Calif.

Whittwood Town Center is approximately 97% leased, with national tenants including J.C. Penney, Target, Vons, Kohl’s, PetSmart, 24 Hour Fitness and Panera Bread.

April 11, 2011
Evergreen Devco selects Grubb & Ellis to lease retail portfolio

Grubb & Ellis Co. said that Evergreen Devco has selected Bill Finch, VP, and Alex Gonzalez, senior associate, both of the company’s Retail Group, as the leasing agents of Goodyear Centerpointe, Villago Marketplace, Anthem Marketplace at Merrill Ranch and Sonoran Desert Village.

Phoenix -- Grubb & Ellis Co. said that Evergreen Devco has selected Bill Finch, VP, and Alex Gonzalez, senior associate, both of the company’s Retail Group, as the leasing agents of Goodyear Centerpointe, Villago Marketplace, Anthem Marketplace at Merrill Ranch and Sonoran Desert Village.

The properties offer a total of 596,000 sq. ft. of space in the Phoenix metro area.

February 25, 2011
Grubb & Ellis names VP retail group

Grubb & Ellis Co. Said that it has named Robin Newton as VP retail group, for the firm.

Walnut Creek, Calif. -- Grubb & Ellis Co. Said that it has named Robin Newton as VP retail group, for the firm.

Specializing in tenant and landlord representation, Newton joins Grubb & Ellis from Cornish & Carey Commercial Newmark Knight Frank. 
 

February 16, 2011
Grubb & Ellis names senior retail exec

Grubb & Ellis Co. announced that John Sechser has rejoined the company’s Walnut Creek office as senior VP retail group.

Walnut Creek, Calif. -- Grubb & Ellis Co. announced that John Sechser has rejoined the company’s Walnut Creek office as senior VP retail group.

Sechser returns to Grubb & Ellis after spending nearly 12 years with Colliers International, where he was a senior VP and co-director of the company’s Walnut Creek Retail division.
 

February 9, 2011
Loft to open two new Calif. stores

Grubb & Ellis Co. Said it has secured two new leases for Loft, a division of Ann Taylor Stores Corp., for a total of 10,589 sq. ft. of retail space in Marina Del Ray and Calabasas, Calif.

Newport Beach, Calif. -- Grubb & Ellis Co. Said it has secured two new leases for Loft, a division of Ann Taylor Stores Corp., for a total of 10,589 sq. ft. of retail space in Marina Del Ray and Calabasas, Calif. 

The company signed a 10-year lease for 5,420 sq. ft. at Waterside in Marina Del Ray, and 5,169 sq. ft. at The Commons at Calabasas.

The two new stores are expected to open this spring. 

Both properties are owned by Caruso Affiliated.

January 24, 2011
Grubb & Ellis appoints senior exec

Grubb & Ellis Co. announced that Robert Cook has joined the company as senior VP corporate services, based in the company’s San Jose office.

San Jose, Calif. -- Grubb & Ellis Co. announced that Robert Cook has joined the company as senior VP corporate services, based in the company’s San Jose office. 

January 21, 2011
H&M leases space for new store at The Forum in Carlsbad

Grubb & Ellis Co. said Friday that H&M has leased 19,600 sq. ft. of retail space at The Forum in Carlsbad.

Newport Beach, Calif. -- Grubb & Ellis Co. said Friday that H&M has leased 19,600 sq. ft. of retail space at The Forum in Carlsbad. 

The retailer signed a 10-year lease for the space, which includes a portion of the second level of The Forum. The company will take the majority of the space currently occupied by Borders Direct LLC, which is expected to vacate in spring 2011. 

The retailer, which plans to open its Carlsbad location in summer 2011, now has 2,200 stores in 38 countries.

January 5, 2011
Grubb & Ellis names project manager

Grubb & Ellis Co. announced that Thomas M. Erdelac, AIA, a 24-year commercial real estate veteran, has joined the company as senior project manager.

Chicago -- Grubb & Ellis Co. announced that Thomas M. Erdelac, AIA, a 24-year commercial real estate veteran, has joined the company as senior project manager.

Erdelac was most recently a principal with VOA Associates.

December 14, 2010
Grubb & Ellis names execs

Grubb & Ellis Co. announced Monday that Arlene Sommer and Mark Robinson have joined the company’s Office Group as executive VPs, along with Evan Kantor who joins as a senior associate.

Los Angeles -- Grubb & Ellis Co. announced Monday that Arlene Sommer and Mark Robinson have joined the company’s Office Group as executive VPs, along with Evan Kantor who joins as a senior associate.

Specializing in office tenant representation, primarily in the media, entertainment, legal and financial industries, the team joins from Studley, where they served as executive managing director, senior managing director and assistant director, respectively.

December 10, 2010
Grubb & Ellis bolsters lease administration capabilities

Grubb & Ellis Co. announced that Susan E. Calvert and Joe I. Munoz have joined the company’s Lease Administration group.

Santa Ana, Calif. -- Grubb & Ellis Co. announced that Susan E. Calvert and Joe I. Munoz have joined the company’s Lease Administration group.

Calvert, who joins as manager, Lease Administration, spent two years as a real estate administrator with SRS Real Estate Partners, where she was responsible for commercial portfolios spanning approximately 350 locations. Munoz, who will also serve on the lease administration team, spent seven years with SRS Real Estate Partners, ultimately rising to the position of lead real estate administrator. 

December 3, 2010
Grubb & Ellis names exec

Grubb & Ellis Co. announced that Robert P. Stephens has joined the company as VP Industrial Group.

Phoenix -- Grubb & Ellis Co. announced that Robert P. Stephens has joined the company as VP Industrial Group.

Specializing in the representation of industrial tenants and landlords, Stephens joined Grubb & Ellis from Cushman & Wakefield.

March 4, 2010
Grubb & Ellis names retail group exec

Grubb & Ellis Co. said Friday that it has named Matthew Swantko as VP retail...

September 28, 2005
Factory Card Examines HQ Options

Naperville, Ill., Factory...

September 28, 2005
Factory Card Examines HQ Options

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