CBRE took over the assignment through its recent acquisition ofInsignia/ESG. Shortly before and shortly after the merger tookplace, several Insignia brokers left the firm to launch the firstOregon office of Kidder Mathews, which unaffiliated with Insigniaas a result of the merger and hooked up with Chicago-based GVA.
"CB Richard Ellis did a fine job; this was about getting theoriginal team back together," Bruce Korter of Seattle-basedWashington Capital management tells GlobeSt.com. "Had the teamstayed with CB, I'd still be there."
The added assignment gives GVA about one million sf worth ofproperty management work. In September, GVA Kidder Mathews washanded the property management assignment for a 594,000-sf localindustrial portfolio by Boston-based pension fund advisor TAAssociates Realty.
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