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Real Estate Professionals Making The News
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Real Estate Professionals Making The News
Oncor International (202-452-1852) added Mackenzie Commercial Real Estate Services to its system of companies. The Mackenzie Co. is headquartered in Lutherville, MD with a branch office in Annapolis, MD and another scheduled to open this month in Columbia, MD. Grubb & Ellis (847-753-7514) entered into an affiliation with West Shell Commercial of Cincinnati, OH, bring the companys total number of affiliations to 34 serving 35 markets. The affiliation will permit West Shell to provide real estate services in North America, Eastern and Western Europe, Africa and the Pacific Rim. Abrams Industries, Inc. (770-953-0304) entered into a letter of intent to outsource the asset management responsibilities of its commercial real estate investment portfolio to a new real estate concern, jOjA Partners, LLC under a three-year agreement. The new company is being created by Jerry Anderson and Jim ODonnell, who are currently President/CEO and Executive Vice President, respectively, of Abrams Properties. The arrangement calls for the outsourcing of Abrams property management duties under jOjAs supervision to third-party management companies. Abrams will maintain a minority ownership in the new company, and will continue to own and invest in real estate, with jOjA acting as the companys exclusive agent for its current holdings.
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