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PORTLAND-Cliff Gibbs, the longtime director of finance for Equitable Real Estate, has been hired to replace Carol Ambrose as director of Grubb & Ellis Co.’s three-million-sf third-party management portfolio in Oregon and Washington and the 50 employees that come with it.

Gibbs’ past is as an asset manager and senior investment analyst. Most recently, Gibbs was a vice president for a Portland based investment advisor. Prior to that, he spent 16 years with Equitable as finance director.

“Cliff is absolutely the right person to build Grubb & Ellis’ property management presence in the Pacific Northwest market,” said David Robertson, regional senior vice president for property management, Grubb & Ellis. Gibbs was not immediately available for comment.

Ambrose left the firm in May to take a new management director position at PS created following the public company’s $88-million acquisition of the 635,000-sf Cornell Oaks Corporate Center in Beaverton earlier this year. PS now owns more than 2 million sf in three business parks in Portland Southwest Washington, but is looking to sell its 415,000-sf Woodside Corporate Park, also in Beaverton.

During her tenure with Grubb & Ellis, Ambrose grew her management division from five to 50 employees. During the final 12 months of her tenure, the company’s management portfolio grew by 35%. Ambrose, a former facilities manager for Washington Mutual, told GlobeSt.com in May that the move is an opportunity to once again be working for a single owner. “When doing third party management, each one of your clients could have a different view of what they are doing,” she says. “Now I’m working with one person.”

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