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Grubb Secures 11% Loan Secured by Accounts Receivable

March 31, 2011

Tweet Been a while since I posted anything, but this was too good to pass up: Grubb & Ellis Company (GBE: 0.00 N/A) announced that it has received an $18 million financing commitment from private equity firm Colony Capital, LLC. In turn, the Los Angeles-based international investment firm has secured the right to negotiate exclusively […]

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JLL Squeezes Out a Profit in Q1

April 27, 2010

Tweet Jones Lang LaSalle (JLL: 129.46 -0.02%) posted earnings this afternoon and they managed to squeeze out a small profit in a continuing sign of stability in the brokerage business. The company reported a profit of $200,000, which although paltry, is a vast improvement from the $60M loss they posted a year ago for the […]

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The Irony of Silicon Valley

January 29, 2010

Tweet This is a post I’ve been wanting to write for a while, but until now I was not sure how or what to write exactly. It’s a bit long, but I think it is important. Silicon Valley is the center of innovation and home to giants of industry. It’s the place companies like Cisco, […]

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Grubb & Ellis Posts $41.5 Million Loss; Renegotiates Debt

May 30, 2009

Tweet Grubb & Ellis (GBE: 0.00 N/A) has posted a loss of $41.5M for the most recent quarter. This compares to a loss of $6.3M in the same quarter one year ago. Revenues are down to $118M from $150M in the year ago period. The company issues a press release announcing the quarterly results, which […]

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CBRE Profit Off By 94%; Likely To Ask To Restructure Loans

February 12, 2009

Tweet CBRE (CBG: 30.37 +0.33%) released it’s earnings numbers and they are not pretty. Net income is off 94.7% (to $6.5M) on a 30 percent decline in revenues. The company also failed to issue guidance citing continued uncertainty in the marketplace. The company is under a mountain of debt (roughly $2B) following an acquisition spree […]

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More Defections at Grubb & Ellis Indicate Trouble

February 11, 2009

Tweet We wrote a post on two weeks ago about how important it was for brokerages like Grubb & Ellis (GBE: 0.00 N/A) to retain top talent in the face of the current crisis. Not two weeks removed from losing another one of their more successful brokers locally, two additional brokers from Grubb & Ellis’s […]

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Sperry Van Ness To Close Southern California Offices

January 27, 2009

Tweet Effective January 19th, SVN announced the closure of all of its offices in Southern California, and a consolidation of all of the Southern California offices into the Los Angeles location in an effort to cut costs and deal with the economic slowdown. Sperry Van Ness’s strategy seems to be to move the brokerage towards […]

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