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Shopping Centers Today -> May 1998
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MANAGEMENT BRIEFS
Collier Turley Martin, F.C. Tucker merge
INDIANAPOLIS -- Collier Turley Martin and F.C. Tucker Co.'s real estate services division have merged. The deal will help create a dominant Midwest-based commercial real estate firm, officials said.The two firms' combined operations will exceed a closed annual transaction volume of $825 million; manage more than 25 million square feet of office, industrial and retail properties; and employ approximately 500 people.
The companies operate offices in Indianapolis, Kansas City, Mo., Nashville, Tenn., and St. Louis.
Terms of the transaction, expected at presstime to close in late April, were not disclosed.
Collier Turley Martin, founded in Kansas City in 1926, has become one of the largest commercial real estate firms in the Midwest. During the past three years, the company has merged with two firms in Kansas City -- Zimmer-Steinbach and Kerr & Co. -- and joined forces with a Nashville firm, Frank L. Smith Co.
F.C. Tucker started its commercial division in the 1960s and has become the largest third-party commercial real estate firm in Indiana. The merger will not affect Tucker's Residential Real Estate Services division of its affiliated companies.
Three firms become Grubb & Ellis affiliates
NORTHBROOK, Ill. -- Grubb & Ellis, one of the nation's largest publicly traded commercial real estate firms, has added new affiliate companies: Cressy & Everett Commercial Co., Mishawaka, Ind.; The Furman Co. Commercial LLC, Greenville, S.C.; and VIP Commercial, Fort Myers, Fla.With the addition of these companies, Grubb & Ellis now has agreements with 18 affiliates serving 21 markets. All three of the new affiliates serve markets where Grubb & Ellis did not have local offices.
Grubb & Ellis/Cressy & Everett Commercial provides office, land, investment and industrial real estate services to St. Joseph, Marshall and Elkhart Counties in Indiana, as well as Berrien, St. Joseph and Cass Counties in Michigan. Grubb & Ellis/The Furman Co. serves the Greenville, Spartanburg and Anderson, S.C., markets. Grubb & Ellis/VIP Commercial specializes in office, industrial, retail and corporate services in southwest Florida.
Capital Commercial/NAI relocates
SAN BERNADINO, Calif. -- Capital Commercial/NAI Inland Empire has expanded and relocated its brokerage and property management divisions to 202 Airport Drive in San Bernadino. Capital Commercial Real Estate Services Inc. is the exclusive Los Angeles, Ventura, Orange, Riverside and San Bernadino affiliate of New America International, with 10 offices throughout greater Los Angeles.National Research Bureau relocates
CHICAGO -- The National Research Bureau has moved into new offices. The new address is 33 West Wacker Drive, Chicago, IL 60606. The phone number is (312) 541-0100.NRCA establishes fellowship
ROSEMONT, Ill. -- The National Roof Contractors Association (NRCA) has established the William C. Cullen Fellowship, an award to support research in roofing technology. The fellowship, to be awarded annually, is named in honor of the late Mr. Cullen, a former NRCA associate who had a 50-year career in the roofing industry."We envision that [the grant] will be awarded to researchers, academians or anyone else who is working toward our common goal of developing new and better technical information for the industry," said Bill Good, NRCA's executive vice president.
A committee comprised of presidents of several roofing organizations will select a winner. The fellowship includes a $5,000 grant from the National Roofing Foundation, an educational and research organization founded by NRCA. It will be awarded during NRCA's Midyear Meetings in Chicago on July 17. Individuals or organizations can apply by sending a letter describing a proposed research topic to Cullen Fellowship, NRCA, 10255 W. Higgins Rd., Suite 600, Rosemont, IL 60018.
Indoor air quality company forms
MAPLE GLEN, Pa. -- Two environmental services executives have formed Micro Clean Environments, a company that specializes in improving indoor air quality. The firm sanitizes residential and commercial interior environments, eliminating dust, mold and allergy-causing bacteria.A separate entity of Aero Construction & Environmental Services, Pittsburgh, the company was formed by president Nancy Yanuzzi, who previously worked in business development for ENSR, Langhorne, Pa., and Matt Strickland, a former vice president at Aero.
Macerich relocates headquarters
SANTA MONICA, Calif. -- The Macerich Co. has relocated its corporate offices to Santa Monica's First Federal Building.The new address is 401 Wilshire Blvd., Suite 700, Santa Monica, CA 90401. The telephone number remains (310) 394-6911.
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