At Newport Beach-based KBS, Ken McKay has assumed the newposition of national director of portfolio operations and RodneyRicherson has been promoted to central regional president, whileRigo Medina has been appointed regional vice president of thePacific Northwest Region for KBS Capital Markets Group, the dealermanager for KBS Real Estate Investment Trusts. The new hire atGrubb & Ellis is Jeff Majewski, who has joined the company asexecutive managing director for debt and equity finance.

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[IMGCAP(2)]McKay and Richerson are both based at the KBSheadquarters in Newport Beach; Medina is based in Seattle.

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McKay, former regional president of the 14-state Central Regionfor KBS, will manage all KBS real estate portfolio acquisitionactivities, and work to expand KBS investor relationships andtop-tier property investment opportunities. He joined KBS in 1994as an asset manager, responsible for debt investment portfolios,before becoming a portfolio manger tasked with the performance ofinvestments acquired by KBS for the State of Michigan RetirementSystem. He became one of three KBS Realty Advisors regionalpresidents in 2002 when the company reorganized regionally.

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[IMGCAP(3)]Richerson, who will also retain his role as KBS'director of asset management, also joined KBS in 1994 as an assetmanager and was eventually responsible for asset management for thecompany's Houston property portfolio. He has since played a pivotalrole in the acquisition, operation and successful disposition ofvarious high-return KBS investments. Before KBS, he worked withKoll Development in Newport Beach and Mexico City, and then withKoll Investment Management, where he handled the asset managementof a large number of Texas assets.

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Medina will be responsible for developing and managingbroker/dealer and registered investment adviser relationships inWashington, Oregon, Idaho, Montana, Wyoming and Alaska on behalf ofKBS Real Estate Investment Trusts.KBS Capital Markets Group is anaffiliate of KBS Capital Advisors and KBS Realty Advisors. BeforeKBS, Medina was affiliated with Grubb & Ellis Securities andTriple Net Properties LLC.

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Majewski, in his new post at Grubb & Ellis, will direct thecompany's growing commercial mortgage brokerage practice. He joinsGrubb & Ellis from CB Richard Ellis, where he served as chiefoperating officer of the company's Debt & Equity Finance groupand senior managing director of CBRE Capital Markets.

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Jack Van Berkel, Grubb & Ellis' chief operating officer andpresident, says that over the past nine months, the company "hasmoved aggressively to attract experienced debt and equityprofessionals." Based in the company's Houston office, Majewskiwill report to Glen Esnard, president of Grubb & Ellis CapitalMarkets, and lead the expansion of the company's capabilities andcommitment to provide a fully integrated Capital Markets platformfor clients.

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During his 20-year tenure with CBRE Capital Markets, which waspreviously CBRE|Melody and L.J. Melody & Co. before the companyacquired it in 1996, Majewski helped CBRE's debt platform grow andexpand into one of the nation's largest commercial mortgagebrokerage and loan servicing companies. This includes overseeingthe acquisition of seven commercial mortgage banking firms in hisrole as chief operating officer.

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