Grubb & Ellis Company, a real estate services and investment firm, has announced that Grubb & Ellis Landauer Valuation Advisory Services has opened for business in Washington, D.C. The office is led by Greg Worman, MAI, and is one of 24 now serving the appraisal needs of commercial real estate owners and users as part of Grubb & Ellis’ entry into the valuation advisory business on a national scale. Grubb & Ellis Landauer Valuation Advisory Services currently has offices in 16 states
Grubb & Ellis Landauer Valuation Advisory Services, which is run by industry veterans Douglas Haney, president, and Eduardo Alegre, executive managing director, will ultimately grow to hundreds of appraisers with a presence in every key market throughout the United States. Worman reports to John Brengelman, senior managing director, Northeast.
Worman brings 21 years of commercial appraisal and valuation experience to his role as managing director. He joins Grubb & Ellis Landauer Valuation Advisory Services from CB Richard Ellis, where he was most recently vice president in the company’s Valuation & Advisory Services division. Prior to joining CB Richard Ellis in 2002, Worman was involved in litigation work representing tenants, property owners, attorneys and government municipalities related to all property types. Past responsibilities include case management, team development, training, business development and policy development.
“Greg is an energetic, productive appraiser who will excel in overseeing our D.C. operations,” said Brengelman. “He has tremendous experience and deep relationships that will translate well into a productive, high-quality appraisal office for us in D.C.”
Worman said that the local Grubb & Ellis Landauer office will leverage the company’s high-quality data, state-of-the-art technology and proprietary systems to provide clients with a competitive advantage as they look to solidify their real estate strategies.
Worman earned his bachelor’s degree from Ball State University, is a member of the Appraisal Institute and is on the organization’s board of directors for the Washington, D.C., chapter.
The group provides a full range of services, including single asset and portfolio valuations, market analysis and feasibility studies, lease and cost analyses, debt analysis and valuation, and plant, machinery and equipment valuations for all types of commercial real estate, including office, industrial, retail, multifamily, vacant land, hotels and resorts as well as special use facilities.
For more information, visit www.grubb-ellis.com/joinlandauer.