Printer Friendly

Grubb & Ellis forms alliance.

Grubb & Ellis announced that it has agreed to align with a Canadian commercial real estate services firms, Avison Young.

The two companies have agreed to a strategic alliance designed to provide their clients with a single point of contact, an expanded menu of services throughout North America, and a larger global market presence through Grubb & Ellis' alliance with the international real estate firm, Knight Frank. Knight Frank has offices throughout Europe, Africa, and Asia Pacific.

The three firms will now integrate more than 8,000 professionals in 30 countries.

Grubb & Ellis CEO Barry Barovick said that with its well-established offices in all six of Canada's major real estate markets, Avison Young brings "expertise in every major real estate sector, but just as important a strategic locational strength in Canada, and a full-service integrated real estate services philosophy that is fully aligned with that of both Grubb & Ellis and Knight Frank."

"International companies are increasingly assigning their worldwide real estate needs to a single entity," said Mark Fieder, president of Avison Young Ontario. "Our alliance positions Avison Young to serve as a true gateway for real estate decision makers, including our clients in Canada who are expanding into North America and overseas, and global companies looking to our country to play a role in their own expansion goals."

"Canada is an important market, as well as a North American beachhead, for many international companies," said John Martin, senior partner at Knight Frank. "Avison Young's partnership with Grubb & Ellis will help us respond of growing international demand for access to the Canadian market."

Ray O'Keefe, Grubb & Ellis' director of international operations, said that his company intends to add even more scope to the overall global reach provided by the new partnership between Grubb & Ellis and Avison Young, "under a similar arrangement with strong South American service providers." Conversations along those lines are already underway.

"Our mutual integrated services approach, offering clients transaction, management and consulting resources, is opening new doors all over the world," O'Keefe stated. "We have found that while our transaction expertise and market intelligence will always be the primary differentiation for all of our firms, more and more companies are demanding a seamless full service approach."
COPYRIGHT 2002 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:with Avison Young
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 18, 2002
Previous Article:Lack of terrorism insurance slows down real estate market.
Next Article:Around the Town.

Related Articles
Grubb & Ellis Company.
Grubb & Ellis adds 35th affiliate in Ohio.
Grub and Ellis hired by Intermedia.
Grubb & Ellis Jersey report says 2000 is one for the record books.
Grubb & Ellis re-gifts promo checks to hospital.
CoStar renews with Grubb & Ellis.
United Technologies Corporation selects Grubb & Ellis.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters