"Transwestern has an active investment services group nationallythat's headquartered in Dallas under Steve Pumper," Desmond says."There hasn't been one in Phoenix and this is a great opportunityto open one up."

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Desmond came to Transwestern following a stint as senior vicepresident with locally based Grubb & Ellis/BRE Commercial LLC.Telephone calls weren't returned by deadline to comment onDesmond's exit.

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Transwestern has a small nucleus of office leasing brokers inPhoenix. "We've worked together in the past. We actually sold fourbuildings together in the past two years so I've had good exposureto them and them to me," Desmond says. "This is a naturalprogression of development of their service capacity in Phoenix andthe Southwest."

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Desmond tells GlobeSt.com that his goal for the next 12 monthsis to get everything organized so Transwestern will be ready tojump in when the market turns around. "Current conditions are adual-edged sword because not a whole lot of office product is beingsold right now," Desmond explains. However, he says it's easier tobuild a good foundation when things are slower. When thegroundwork's laid and the market rebounds, Desmond says morepersonnel will be hired for the institutional services' group.

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