Grubb & Ellis taps JLL's David Arena to lead firm's growth.Grubb & Ellis Company announced that it is executing its strategic goal of significantly expanding its presence in 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 with the hiring of real estate executive, David Arena, as President of its New York Region, effective immediately. Arena joins Grubb & Ellis from 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. where as Chief Strategy Officer he was part of the senior management team responsible for the firm's New York business. "David's knowledge of the Manhattan real estate market, proven track record of building and managing successful operations and reputation as one of the city's most dynamic and trusted real estate advisors makes him uniquely qualified to lead our growth initiative in New York," said Mark Rose, Chief Executive Officer of Grubb & Ellis Company. "We believe David's hiring not only builds on the Company's current momentum, it is a fundamental step toward our goal of becoming best in class in the most important real estate market in the world." As President of Grubb & Ellis' New York region, Arena, 44, will be responsible for directing the growth of the company's real estate activities in the region. Arena's real estate career spans more than 20 years with senior roles at Tishman Speyer Properties Tishman Speyer Properties is a leading real estate building and operating company set up in 1978 by two founding partners, Jerry Speyer and Robert Tishman. Overview , Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. and Jones Lang
LaSalle. During this time, he has advised a blue-chip roster of clients
such as MetLife, Morgan Stanley, 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. , Hines and the Port
Authority of New York and New Jersey Port Authority of New York and New Jersey, self-sustaining public corporation established in 1921 by the states of New York and New Jersey to administer the activities of the New York–New Jersey port area, which has a waterfront of c. on large corporate portfolio
restructurings, major property and space acquisitions, significant asset
repositioning, sales and leasing assignments. He also has managed
billions of dollars in operating expenses Operating expensesThe amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and capital expenditures. Under Arena's leadership as chief strategy officer, Jones Lang LaSalle's New York office experienced significant growth. In less than four years, he helped establish the company as a market leader in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Arena said he expects to replicate this success at Grubb & Ellis. "We are going to surprise a lot of people. In New York City, Grubb & Ellis is already bigger and better than most people think. The company has an impressive roster of long-standing relationships," he said. "It's too soon to talk about our plans, but any winning strategy is focused on serving the client's best interests. You can be sure the client will be our primary focus." Prior to joining Jones Lang LaSalle in 2002, he spent nine years at Morgan Stanley and rose to become a managing director and head of Corporate Services. Arena began his real estate career at Tishman Speyer Properties in 1986 and spent seven years as a property and asset manager there. A native New Yorker, Arena holds a bachelor's degree from Fordham University and serves in many charitable organizations. In addition, he is involved in a number of real estate organizations, including Urban Land Institute, CoreNet Global and REBNY REBNY Real Estate Board of New York . |
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