On February 14, GlobeSt.com broke the story that a team of brokers--led by Tennessee affiliate Dick Fulton--was mounting a takeover campaign with the intent of reverting the brokerage back to its transactional roots. How that move might play out is unclear in the early sketchy, details.
In terms of Ehrenberg and her lawsuit, the basis of the litigation was her claim that there was a change of control when Kojaian Investors LLC widened its stake in Grubb to 58% in September.
Details will follow as the story unfolds.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
