JOINT VENTURE
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Santa Ana-based Grubb & Ellis Co. teams up with Meridian Cos.
Partnership will support products and opportunities in energy and infrastructure sector.
By Christine BorrmannPublished: June 18, 2009 11:48 AM
Santa Ana-based Grubb & Ellis Co. – a real estate and investment firm – is developing Energy & Infrastructure Advisors LLC with Meridian Cos. The joint venture is expected to sponsor retail and institutional investment products, while focusing on opportunities in the energy and infrastructure sector.
The plan, which combines both real estate and financial expertise, will benefit the emerging industry, according to Jeff Hanson, president and chief investment officer of Grubb & Ellis’ investment and asset management subsidiary.
“This is a strategic partnership between a major national real estate investment firm and a leading provider of financial services to the energy industry that will deliver unique investment opportunities to individual and institutional investors in a compelling emerging sector,” says Hanson.
Meridian Cos. – founded in 1981 – serves major money center banks, national insurance companies, global financial services firms, and both investor-owned and cooperative utilities. The firm has joined with various partners to complete equity transactions totaling more than $15 billion – including $5 billion of alternative energy products.
Grubb & Ellis – named to the Global Outsourcing 100 in 2009 by the International Association of Outsourcing Professionals – manages more than $6.8 billion of real estate in 32 states, raising nearly $4.2 billion in investor equity in the last 11 years.
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The plan, which combines both real estate and financial expertise, will benefit the emerging industry, according to Jeff Hanson, president and chief investment officer of Grubb & Ellis’ investment and asset management subsidiary. “This is a strategic partnership between a major national real estate investment firm and a leading provider of financial services to the energy industry that will deliver unique investment opportunities to individual and institutional investors in a compelling emerging sector,” says Hanson. Meridian Cos. – founded in 1981 – serves major money center banks, national insurance companies, global financial services firms, and both investor-owned and cooperative utilities. The firm has joined with various partners to complete equity transactions totaling more than $15 billion – including $5 billion of alternative energy products. Grubb & Ellis – named to the Global Outsourcing 100 in 2009 by the International Association of Outsourcing Professionals – manages more than $6.8 billion of real estate in 32 states, raising nearly $4.2 billion in investor equity in the last 11 years. Related headlines Irvine's Viaspace subsidiary demonstrates system for identifying toxic gases, drugs A new home in Santa Ana for less than $120K? No way Orange County’s McMonigle Group ranked No. 2 in sales nationally |
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