The win returns Kathy Permenter and Russell S. Johnson Jr.,senior vice president and vice president, respectively from CBRE,to Grubb & Ellis' team. Also moving over this week from CBREwere vice president Daniel Rudd and senior associate BillyVahrenkamp.

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[IMGCAP(2)]The battle for talent also produced Blake Anderson, aJLL/Staubach vice president who's a major player on the industrialcircuit. In one fell swoop, Grubb & Ellis has added brokerswith a combined transactional volume topping $900 million and50-plus years of experience.

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The region's CRE circuit witnessed another pull-out from JLLearlier this week: Dale Ray, its director of leasing since 2004 whobecame a principal at Peloton Real Estate Partners. JLL managingdirector Jim Yoder is backfilling the role for the investorservices business, returning to the streets to oversee agencyleasing, property management and coordination with the capitalmarkets group.

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The changing faces at brokerage houses could be just a sign ofthe times due to fallout from mergers, the slowdown in deals or arepositioning for the rebound, as was the case a few years ago.Among the big guns lost this summer was Tracy Fults, Cushman &Wakefield of Texas Inc.'s senior director of agency leasing, whoreportedly is sizing up a plan to follow in his late father'sfootsteps and start his own real estate company. But for now, hisspokesman says he's just taking a break from the daily grind.

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"I can't imagine it's any different in Dallas than any othermarket. It's the same in Los Angeles. We were just in Houston andwe heard rumblings of people moving around. It's just that time inthe cycle," Sayres Dudley, founding partner of Dudley &Associates in Pasadena, CA, tells GlobeSt.com. "Anytime you have amerger, particularly with brokers, there's change. When peoplecan't get deals done, you're going to have a lot of change."

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Dudley, who heads up a three-city executive search firm, saysthe difference between this cycle and past ones is it's not relatedto overbuilding. Instead, he says the financial market slowdown hadtrickled over to the deal pipeline. The bottom line is brokers needspace to lease so lease-ups and the construction retreatundoubtedly are sparking some job changes.

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[IMGCAP(3)]The street's been speculating since Moody Younger'sreturn as managing director of Texas that Permenter wouldn't be farbehind. She, Johnson and Younger were teammates a few years back.The return move has put Permenter in as Grubb & Ellis' vicepresident and director of office leasing. Johnson too is on boardas a vice president in the office group. Anderson and Rudd werenamed senior vice presidents while Vahrenkamp has started as anassociate vice president.

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Across the board, the sentiments were similar from executives atthe companies they left. "We wish them the best in their futureendeavors," says Blaire Oden, managing director of CB Richard Ellisin Dallas.

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John Gates, the new president of brokerage for the Americas forthe Chicago-based JLL, echoes the good wishes for Anderson, a12-year veteran who spent at least five years at Staubach. "He wasfun to work with," he adds.

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And from JLL's office team, Yoder says "we thank Dale for hiscontributions to Jones Lang LaSalle and we wish him well."

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Ray says there's a mixed bag of reasons for the rash ofpersonnel shifts. "Everyone has to find their place where they feelcomfortable," he says. "Folks look when there are changes and theyhave to reevaluate and look where they are. It doesn't mean there'sanything wrong with the firm." As for his change, the 20-yearveteran says it simply was the chance to own a piece of thecompany.

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