Norris Beggs & Simpson Finance Officer Accepts Ownership Role

PORTLAND-One of the people involved in growing the finance division of Norris Beggs & Simpson from $69 million in loan production to $329 million over the past eight years is taking an ownership role in the company. Ken J. Griggs, who joined the company’s finance division in 1993, will be the only partner who comes from the finance side of the commercial real estate services operation.

“I think it’s important to have a partner who has a strong understanding of the real estate finance side of the industry,” says Griggs. “It’s imperative that we continue to grow the mortgage banking side of our business, and in a partnership role I will be instrumental in helping NB&S move forward, adapt, and keep our strategic edge.”

Griggs joins five others in the ownership of the company: President J. Clayton Hering, Joseph F. Wood, H. Roger Qualman, Jan Robertson, and Chris Johnson. “(Griggs’) strong background in finance makes him a valuable addition to the partnership, and will add a fresh element to the company’s ongoing development of our culture, vision and strategic initiatives,” says Hering.