He will be responsible for business development and expansion throughout Texas, as well as serving financial institutions and corporate clients seeking valuation services. He will also oversee appraisal professionals in the state.
In June, Grubb & Ellis announced it was launching a national appraisal business and reinvigorating the Landauer brand under the leadership of industry veterans Douglas W. Haney and Eduardo Alegre.
In addition to Miller, the company has hired Michael Mason, MAI, as managing director, Los Angeles, and expects to have regional leaders and appraisers in place in six markets by Sept. 1, the day the company officially opens for business.
Long-term, Grubb & Ellis Landauer Appraisal & Valuation expects to have a presence in every key market and between 250 and 350 full-time appraisers.
Grubb & Ellis Facilitates Sale of Courtyard by Marriott Anaheim Hotel at Disneyland for $25M
Tarsadia Hotels sold the asset to Chesapeake Lodging Trust, an Annapolis, Md.-based REIT, for $25 million.
“It’s located in an area with high barriers to entry and is an outstanding acquisition for the Chesapeake REIT. We are pleased to have represented both parties in the sale.”
Located at 2045 S. Harbor Blvd., Anaheim, the 153-room, four-story interior corridor hotel opened in 2006.
It is situated on 2.3 acres of land next to the Anaheim Convention Center and across from Disneyland Resort.
The property includes a high-end restaurant, Ruth’s Chris Steak House, fitness center, and indoor and outdoor pools. Tarsadia will continue to manage the hotel.The sale is part of a two-property portfolio that included the sale of the Hilton Checkers Hotel (bottom left photo) in Los Angeles for $46 million in June, which was also facilitated by Richman and Cacciato.
Chesapeake purchased the portfolio using proceeds from the company’s initial public offering, completed in January.
Contact: Julia McCartney, Phone: 714.975.2230, Email: julia.mccartney@grubb-ellis.com
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