LOS ANGELES, CA (Mar. 9, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Richard Plummer, (top right photo) one of Southern California’s top investment sales professionals, has joined its downtown Los Angeles office as senior vice president.Plummer will be part of Grubb & Ellis’ Institutional Capital Markets Group, which provides real estate investment and advisory services to the company’s most sophisticated clients.
“Richard is an exceptionally talented and successful broker and is an excellent fit for us culturally,” said Glen Esnard, president of Grubb & Ellis Capital Market Group.“He shares our commitment to client service and his expertise further strengthens our Institutional Capital Markets platform, which we have structured to best address the issues our clients are facing today.”
Plummer, a 31-year veteran of commercial real estate, joins Grubb & Ellis from Cushman & Wakefield, where for 21 years he was a member of the Capital Markets Group.
Plummer, a 31-year veteran of commercial real estate, joins Grubb & Ellis from Cushman & Wakefield, where for 21 years he was a member of the Capital Markets Group.
He has successfully completed more than 100 transactions valued in excess of $5 billion, primarily representing institutional sellers in the sale of trophy office buildings.
Major transactions in the Downtown LA market include the disposition of 333 S. Hope St. (1.4 million square feet), 444 S. Flower St (891,000 square feet), (bottom left photo) 725 Figueroa (895,000 square feet, 6300 Wilshire Blvd. (401,000 square feet) (middle right photo) and 1000 Wilshire Blvd. (471,692 square feet). (top left photo)Chuck Hunt, executive vice president and regional managing director of Grubb & Ellis’ Los Angeles operations, said, “Richard is one of the best known players in the institutional investment arena. He is an invaluable addition to our team. ”
Plummer was a consistent top performer while at Cushman & Wakefield, earning the C&W Investment Sales Service Excellence Award for Southern California, the C&W National Deal of the Year Award and was a regular member of C&W Chairman’s Circle.
“Grubb & Ellis is an established name with a strong national presence. At the same time, it is a new company – with a senior management team that has a specific game plan to grow the company,” said Plummer. “Grubb & Ellis has shown the ability to recruit and retain top professionals, despite the challenges of the current market.”
Plummer earned a bachelor’s degree from the University of Wisconsin and is a member of the Urban Land Institute’s Transit-Oriented Development Council.
Contacts:
Plummer earned a bachelor’s degree from the University of Wisconsin and is a member of the Urban Land Institute’s Transit-Oriented Development Council.
Contacts:
Sharon Abar, 714.975.2185, sharon.abar@grubb-ellis.com
Damon Elder 714.975.2659, damon.elder@grubb-ellis.com
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