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NORTHBROOK, IL-Commercial and corporate real estate advisors Grubb & Ellis Co. has created a group to form partnerships between public- and private-sector clients, and has tapped public policy expert John Buttarazzi to lead the effort. Buttarazzi comes to Grubb & Ellis from Empire State Development Corporation Privatization Group, where he was senior vice president.

Buttarazzi, who joins Grubb & Ellis as senior managing director of the public/private advisory group, was in charge of promoting economic development in New York state, ranging from working to retain companies as well as luring foreign corporations.

“In these uncertain times, governments are thinking of ways to maximize value from under-performing assets by partnering with the private sector,” says Buttarazzi, explaining his new role. “Similarly, businesses are looking to hedge their expansion plans by teaming up with economic development agencies.”

Buttarazzi’s resume also includes stints as banking and trade analyst for Washington-based law firm Shaw, Pittman, Potts & Trowbridge and economic policy analyst for Washington think tank Heritage Foundation.

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