CHICAGO-Verus Partners, based here, has launched a newacquisitions division that will look to invests up to $175 millionin office and industrial properties in select markets in the next12 months. The company hired Greg Skirving as EVP to lead theteam.

Skirving was previously an SVP and regional acquisition directorfor DCT Industrial, where he picked up almost 30 million squarefeet for that company. In his new position, Skirving that now is the best time to purchase real estate.

“Values have come down and cap rates have gone up. Really,today’s fundamentals are at their worst point in seven to nineyears, and we may be at bottom. Some of the markets are starting toshow signs of recovery, such as positive absorption in the secondquarter in Chicago,’ Skirving says.

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