SACRAMENTO, CA (Sept. 7, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Sandy Sandoval, senior vice president, Investment Services, represented California College Career & Technical Education Center in a 164,330-square-foot lease of office and R&D space at 890 Embarcadero Drive in West Sacramento.
The non-profit public benefit corporation will use the space for a tuition-free charter high school.
“Throughout the economic downturn, education has remained among the top thriving industries nationally,” said Sandoval. “I am thrilled to have assisted California College Career & Technical Education Center in finding the perfect location for their school. This will be a significant boost to the local economy.”
The charter school is scheduled to open on Sept. 8 with approximately 250 9th and 10th grade students.
John Fondale of Cornish & Carey Commercial represented the landlord, Affymetrix Inc., in the transaction.
Christopher J. Stallings Joins Grubb & Ellis Landauer Appraisal & Valuation as Managing Director, Houston
HOUSTON, TX (Sept. 7, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading
real estate services and investment firm, today announced that Christopher J. Stallings MAI, CCIM, MRICS, has joined Grubb & Ellis Landauer Appraisal & Valuation as managing director, Houston, effective immediately.
In this role, he will be responsible for developing and overseeing the company’s appraisal operations in Houston.
Stallings’ addition follows Grubb & Ellis’ announcement in June that it was launching a national appraisal business and reinvigorating the Landauer brand under the leadership of industry veterans Douglas W. Haney and Eduardo Alegre.
James S. Adams Joins Grubb & Ellis as Managing Director, Houston, TX
Adams brings more than 25 years of commercial real estate experience to the managing director role. His responsibilities will include overseeing the company’s more than 50 local professionals, in addition to growing Grubb & Ellis’ presence throughout the Houston marketplace.
During much of his career, Adams has specialized in mortgage banking, closing more than $4 billion in debt and equity transactions across the U.S. He will use this experience to help establish and grow the company’s local mortgage banking practice.
Grubb & Ellis Adds Investment Team to East Bay Office in California
Bland and Alcaraz join from CB Richard Ellis and will be part of the company’s Private Capital Markets group.
“Rick and Raul’s addition brings tremendous strength to our medical, office and industrial investment capabilities in the East Bay,” said Ed Del Beccaro, (lower left photo) managing director, Walnut Creek.
“Rick is highly regarded throughout the market, having developed a reputation for professionalism and a dedication to client service over his 28-year career. We’re excited that they are now part of our team.”
Contact: Julia McCartney, Phone: 714.975.2230, Email: julia.mccartney@grubb-ellis.com
Grubb & Ellis Company Declares Preferred Stock Dividend
SANTA ANA, CA (Sept.7, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced today that its board of directors has declared a dividend of $3.00 per share on the company’s 12% Cumulative Participating Perpetual Convertible Preferred Stock to stockholders of record as of September 17, 2010. The dividend is for the quarterly period from July 1, 2010 and is payable on September 30, 2010.
Contact: Janice McDill, Phone: 312.698.6707, Email: janice.mcdill@grubb-ellis.com
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