Costello left E&Y a year and half ago to become part of thesenior executive team then being assembled by Grubb's recentlyappointed president and CEO Barry Barovick. Barovick is also anE&Y alumnus.

When word spread that Costellowas departing G&E this past July, Barovick told GlobeSt.comthat the departure was "a mutual agreement. It is better for Markin light of the fact that I'm going to be much more hands on. Forme to be effective, this was the best way to handle that. But itwas definitely a mutual agreement."

"In his position as chief operating officer, Mark brought bothpassion and professionalism to the job," Barovick stated. Costellois scheduled to arrive at E&Y's Times Square offices nextweek.

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John Salustri

John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.