Grubb & Ellis Co. (925-930-9848) hired Edward Kranz, Michael Rudman, Steven Goldfarb, Andrew Geisel and Frank Dann as transaction professionals in the NY area. Kranz served as an associate of Mony Real Estate Investment Management and as regional vice president for March Co., Inc. Rudman specializes in investment sales and acquisitions of multifamily, retail and office buildings for private and institutional buyers. Geisel recently worked at Newark & Co. Real Estate, Inc.

Newquist Ault (602-553-4141) was recently founded by former CB Richard Ellis employees Dave Newquist and Ron Ault in Phoenix, AZ. The company’s current projects include The Shoppes at Gilbert Commons, a 270,000 sq.ft. power center located at the intersection of Baseline and Cooper Roads in Gilbert, AZ; The Shoppes at Clemente Ranch, a 35,000 sq.ft. retail center in Chandler, AZ; and Highlands Village a 100,000 sq.ft. Bashas-anchored center at the intersection of Brown and Ellsworth Roads in Mesa, AZ.