May 23, 2007 |
A small Santa Ana real estate company is taking over venerable commercial real estate brokerage Grubb & Ellis Co. and will move the firm's headquarters from Chicago to Santa Ana. The merger announced Tuesday with NNN Realty Advisors Inc., a privately held real estate services and management company in Santa Ana, marks the latest consolidation in the increasingly competitive industry. "Companies need to be bigger to compete now," said real estate analyst Craig Silvers of Bricks & Mortar Capital.
September 10, 1985
Drewry Photocolor's profits fell 61% to $119,411, or 20 cents per share, during its first quarter ended July 27. Sales totaled $9.1 million, down 30% from the same period a year ago. Burbank-based Drewry is a wholesale photo-finishing company, processing film mostly for drugstore and supermarket customers. Hal Ellis, vice president for finance, said the company's weaker performance was caused by price cutting and loss of business to competitors.
April 28, 1992 |
In an effort to better compete with the biggest of the national residential real estate chains, Grubb & Ellis and Better Homes and Gardens agreed Monday to share support services and referrals among their offices in Southern California. It's not exactly a merger--neither is buying the other. The parties are choosing to call it an alliance. It will give Iowa-based Better Homes and Gardens Real Estate Service a stronger presence in Southern California.
September 21, 1986 |
Ten top executives at Grubb & Ellis Co., the nation's biggest independent commercial brokerage firm, have taken a 15% pay cut, The Times has learned. Linda Greenlee, vice president of corporate communications for the San Francisco-based firm, said the officials--including Hal Ellis, the company's chairman and chief executive officer whose compensation package last year was worth $257,000--took the cuts voluntarily "to demonstrate their concern over the company's financial situation."
July 12, 2008 |
Commercial real estate brokerage giant Grubb & Ellis Co., with its stock getting battered in a softening market, announced Friday that its chief executive had resigned and that it would repurchase as much as $25 million worth of its own stock. The Santa Ana company, which helps arrange sales and leases of such properties as office buildings, stores and warehouses, said CEO and President Scott D. Peters, 50, stepped down "to pursue other interests."
December 1, 2005 |
With his soft-spoken manner and carefully coiffed silver mane, veteran real estate executive Hal Ellis hardly fits the role of industry upstart. But the 74-year-old founder and chief executive of CataList Homes Inc. is engaged in a well-funded and sometimes caustic campaign to upend the traditional way homes are sold in California.