Grubb & Ellis Chief - More Profit - Less Drama
Sunday, June 6, 2010
D’Arcy: company’s fourth CEO since 2007
Tom D’Arcy has some simple goals for Santa Ana’s Grubb & Ellis Co. this year: turn a profit, groom it for growth and eliminate any soap opera-type storylines.
“There was a lot of drama associated with the company,” said D’Arcy, a Massachusetts native who joined Grubb as chief executive in late 2009.
He is the fourth chief executive the company’s had since 2007—hence the drama.
The executive management changes began taking place as Grubb, then based in Chicago, was acquired by Santa Ana real estate investor NNN Realty Advisors Inc. in a 2007 deal valued at $750 million. The deal closed just in time to feel the brunt of the downturn in the commercial real estate market...
for the full article: http://www.ocbj.com/news/2010/jun/06/grubb-ellis-chief-looking-more-profit-less-drama/