CBRE took over the assignment through its recent acquisition of Insignia/ESG. Shortly before and shortly after the merger took place, several Insignia brokers left the firm to launch the first Oregon office of Kidder Mathews, which unaffiliated with Insignia as a result of the merger and hooked up with Chicago-based GVA.
"CB Richard Ellis did a fine job; this was about getting the original team back together," Bruce Korter of Seattle-based Washington Capital management tells GlobeSt.com. "Had the team stayed with CB, I'd still be there."
The added assignment gives GVA about one million sf worth of property management work. In September, GVA Kidder Mathews was handed the property management assignment for a 594,000-sf local industrial portfolio by Boston-based pension fund advisor TA Associates Realty.
Construction management services for the AT&T Center also followed a former Insignia executive to GVA. The local office of Grubb & Ellis retains the leasing assignment for the building, which is located at 1600 SW 4th Ave. AT&T Center is approximately 20% available, including 13,500 sf on the top floor of the nine story building. The full-service asking lease rate is $19.50 per sf per year.
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