Grubb & Ellis Company.Grubb & Ellis Company announced Joseph Tranchina joined the firm as executive managing director of the Project Management Group's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Region. Tranchina will oversee Grubb & Ellis' project management services to corporate owners and occupiers of property in New York, New Jersey and Connecticut, and offer expert advice to clients on issues related to occupancy and real estate requirements. Prior to joining Grubb & Ellis, Tranchina served as vice president, Global Head of Real Estate Operations for Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. . His responsibilities included management oversight of a 10.5 million square foot portfolio across North America, Europe and Asia--a portfolio which accounted for 55 percent of the firm's $1 billion real estate occupancy budget. His efforts at value engineering over a three year period yielded a 7 percent reduction in operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. while occupancy significantly increased. He was also responsible for strategically re-engineering the firm's global real estate operations by creating standard operating procedures standard operating procedure Medtalk A technique, method or therapy performed 'by the book,' using a standard protocol meeting internally or externally defined criteria; a formal, written procedure that describes how specific lab operations are to be performed. , and directed a global task force that developed critical systems testing and design standards. Before joining Goldman Sachs, Tranchina worked at Jones Lang LaSalle Jones Lang LaSalle (NYSE: JLL) is a major real estate and money management services firm headquartered in the Aon Center in Chicago, Illinois and the only company in its industry making it into Fortune magazine's list of the 100 Best Places to Work in the U.S. , Insignia/ESG and The Galbreath Company. Clients at those firms included Morgan Stanley, The Trump Organization, Hiro Real Estate, General Electric, Deutsche Bank and McGraw Hill. |
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