SWINGLE, SECURITIZATION, AND SNOW BUSINESS
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|One thing you might not know about Grubb & Ellis NY executive managing director Joseph Swingle (who recently succeeded new Tri-State chairman David Arena) is that he once owned a restaurant, taking on 35 employees at the wise age of 22!|
|You learn quickly about service and people, he says, and he’s taken those lessons to grow his real estate career. After 22 years at the firm—the last six spent in national corporate facility management—he’s now at the helm of the NY, NJ, Westchester and CT offices, which have 750 employees and over 20M SF under management for tenants like Sony, Moody’s, and IBM. What’s in store for New York’s commercial real estate market? Transactional velocity has hit the bottom, and we’ll be bouncing along for a while, he says.|
|And he wants Grubb & Ellis readied to take advantage of the upswing. He tells us that now is the time firms can do some strategic recruiting; expect to see the growth take off in ’11, especially with many talented executives contemplating career moves as the industry is in flux. At Grubb & Ellis specifically, Joe’s keeping an eye out for the right people and the right opportunities, potentially resulting in an expansion of all his office’s business lines, such as leasing and capital markets.|