Monday, March 9, 2009

Richard Plummer Joins Grubb & Ellis as Senior Vice President, Institutional Capital Markets

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.

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.


Sharon Abar, 714.975.2185,
Damon Elder 714.975.2659,

3 Retailers Share Grand Openings at Posner Park in Davenport, FL

ORLANDO, FL – Mar. 9, 2009 – The Orlando office of CB Richard Ellis is pleased to announce the grand openings of Ross Dress for Less, Payless Shoes, GNC, and Camille's Sidewalk Cafe at Posner Commons at Posner Park (middle left photo) in Davenport, Florida.

Jorge Rodriguez, (bottom right photo) Senior Associate, and leasing agent for Posner Commons stated, "The recent grand opening of Ross completes Posner Commons' last phase of anchor tenants.

"Ross is the 11th, and last, anchor tenant to open in this center. In the midst of the current economic turmoil and a credit crunch crisis, Posner Commons remains vibrant and active with local shoppers and tourists alike.

"Having a captive audience at a major interchange with virtually no competition for many miles around has helped to secure tenants such as the ones who have recently opened."

Anchor and junior anchor tenants include, Best Buy, JC Penney, Belk, Books A Million, Target, Staples, PetSmart, Michael's, Ross, Dollar Tree, and Dick's Sporting Goods.

Contact: Angelique Greven, 407.839.3158,

West Side Industrial Team Joins Grubb & Ellis Company’s Detroit Office

Addition of Rob Hughes and team strengthens capabilities in western suburbs

SANTA ANA, CA(Mar. 9, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Rob Hughes (top right photo) has joined the company’s Industrial Group as senior vice president, bringing with him a two-person team.

The team’s addition enhances the office’s tenant, owner/user and landlord representation capabilities in western Wayne, western Oakland, Washtenaw and Livingston counties.

Hughes, 38, joins Grubb & Ellis from Colliers International Detroit, where he was a vice president and associate broker. He brings his two-person team, which includes Tom Oldham (top left photo) and Curtis Ullstrom.(middle right photo) Oldham and Ullstrom join Grubb & Ellis as associate vice president and associate, respectively.

“The west side suburbs have historically been a strong region for the industrial market because of the diverse industry base and excellent talent pool,” said Fred Liesveld, (bottom left photo) executive vice president and managing director of Grubb & Ellis’ Detroit offices.

“Bringing Rob and his team on board creates opportunities to gain market share, and their excellent reputation for quality service will allow us to better serve our existing clients.”

During his nearly 10 years with Colliers, Hughes specialized the leasing and sales of industrial, R&D/flex and manufacturing facilities as well as site selection and build-to-suit projects.

Some of his most recent assignments include a 35,000-square-foot build-to-suit flex building for J.H. Bennett and Co. in Novi and the representation of Helicon Therapeutics in the leasing of a 77,461-square-foot life sciences/bio-pharmaceutical facility in Sorrento, Calif.

Hughes began his career in the real estate industry with Crabill & Company in 1995, where he specialized in industrial properties. He is a member of the Michigan Commercial Board of Realtors, the National Association of Realtors, the Michigan Association of Realtors and is a licensed salesperson in the state of Michigan.

Hughes said, “We’re pleased to join forces with such a strong team of industrial professionals. As part of Grubb & Ellis, we will better-positioned to serve our clients locally as well as on a multi-market basis.”

Oldham, 30, joined Colliers in 2001 as a sales associate. He holds a bachelor’s degree from Miami University and is a member of the National Association of Realtors.

Ullstrom, 44, joined Colliers in 2007 as a sales associate. He is a Certified Commercial Investment Manager and a member of the National Association of Realtors.

Contact: Erin Mays, Phone: 312.698.6735 Email: