Grubb & Ellis Company Names Joseph Swingle Executive Managing Director, New York Region
20 January 2010 - 4:10AM
PR Newswire (US)
David Arena takes new role as chairman, Tri-State Region SANTA ANA,
Calif., Jan. 19 /PRNewswire-FirstCall/ -- Grubb & Ellis Company
(NYSE:GBE), a leading real estate services and investment firm,
today announced that Joseph Swingle has been appointed executive
managing director, New York, effectively immediately. Swingle has
an established track record as a successful leader who has built
long-term relationships with some of the company's largest clients.
In his new role, he will be responsible for managing and growing
Grubb & Ellis' presence throughout the New York metropolitan
region. Swingle succeeds David Arena, who has been promoted to
chairman, Tri-State Region. In this position, he will focus
exclusively on expanding the company's client roster by leveraging
the resources of the Grubb & Ellis platform to deliver
comprehensive real estate solutions to a wide range of clients.
"With Joe leading our day-to-day operations in New York, and David
focused full-time on nurturing and expanding client relationships,
we are enhancing Grubb & Ellis' ability to expand its presence
and better serve clients in one of the world's most important and
complex markets," said Jack Van Berkel, chief operating officer and
president, Real Estate Services. "In the nearly four years David
has been with Grubb & Ellis, he has raised the company's
profile considerably and more than tripled the company's property
assets under management in New York. Now is the right time for Joe
to take the helm as we look to recruit high quality professionals
and grow market share through service excellence." Swingle joined
Grubb & Ellis in 1988. A 22-year real estate services veteran,
he has served as executive managing director, Global Client
Services since 2004. In this role, he was responsible for managing
more than 1,400 professionals as well as the relationships with
over a dozen corporate facilities management clients occupying in
excess of 100 million square feet of property. While in this
position, the company's facilities management portfolio doubled in
size with a majority of the growth coming from existing client
relationships. These clients include Aetna, Citi, Capital One, IBM,
Kraft Foods, The Hartford, Reed Elsevier and Nordstrom. "I'm very
excited about the opportunity to oversee our New York-area
offices," Swingle said. "Grubb & Ellis has a strong client
roster and some of the most talented brokerage professionals in the
market. Our opportunity and challenge is to broaden our name
recognition and grow our presence." During his tenure with Grubb
& Ellis, Swingle has received numerous honors, including the
National Award for Outstanding Performance and the Super Nova
award, and has been named to the company's Circle of Excellence
several times. Swingle holds the Real Property Administrator and
Facility Management Administrator designations and is a member of
Corenet and International Facilities Management Association. "Joe's
appointment demonstrates Grubb & Ellis' commitment to stability
and orderly succession planning," Arena said. "As a 20-year veteran
of the company, Joe brings a steady hand and a deep reverence for
the firm's clients. Grubb & Ellis has never been in a better
position to take advantage of the opportunities in the New York
commercial real estate market." Arena joined Grubb & Ellis in
2006 from Jones Lang LaSalle. A 25-year veteran of the New York
commercial real estate market, he is one of the industry's best
known local professionals. While at Jones Lang LaSalle, Arena
advised a blue-chip roster of clients such as MetLife, Morgan
Stanley, Goldman Sachs, Hines and the Port Authority of New York
and New Jersey. He also spent nine years at Morgan Stanley as the
head of Global Corporate Real Estate. Arena began his real estate
career at Tishman Speyer Properties in 1986. Arena holds a
bachelor's degree from Fordham University and serves in many
charitable organizations, including the Covenant House, Capuchin
Food Pantries, United Way and the Muscular Dystrophy Association.
In addition, he is involved in a number of real estate
organizations, including Urban Land Institute, CoreNet Global, the
NYC Partnership and the Real Estate Board of New York. About Grubb
& Ellis Named to The Global Outsourcing 100(TM) in 2009 by the
International Association of Outsourcing Professionals(TM), Grubb
& Ellis Company (NYSE: GBE) is one of the largest and most
respected commercial real estate services and investment companies
in the world. Our 6,000 professionals in more than 130
company-owned and affiliate offices draw from a unique platform of
real estate services, practice groups and investment products to
deliver comprehensive, integrated solutions to real estate owners,
tenants and investors. The firm's transaction, management,
consulting and investment services are supported by highly regarded
proprietary market research and extensive local expertise. Through
its investment subsidiaries, the company is a leading sponsor of
real estate investment programs that provide individuals and
institutions the opportunity to invest in a broad range of real
estate investment vehicles, including public non-traded real estate
investment trusts (REITs), tenant-in-common (TIC) investments
suitable for tax-deferred 1031 exchanges, mutual funds and other
real estate investment funds. For more information, visit
http://www.grubb-ellis.com/. DATASOURCE: Grubb & Ellis Company
CONTACT: Janice McDill, +1-312-698-6707, , or Erin Mays,
+1-312-698-6735, , both of Grubb & Ellis
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