7-Man Silicon Valley Team Shifts Firms

SAN JOSE, CA-Insignia continued its aggressive growth strategy in first-tier markets last week by luring a team of seven industrial and R&D brokers from the local office of Grubb & Ellis. For a related story, click here .

Broker Steve Fisher; speaking on behalf of fellow team members Dave Fukuda, Christian Marent; Brian Matteoni, Scott Prosser, Bob Steinbock, and Tom Taylor, told GlobeSt.com on Friday that the group expects to be able to generate more dollar volume and have greater control. As for the timing, he says it has nothing to do with the recent CB Richard Ellis-Grubb & Ellis merger rumor.

“We were being pursued since before the merger rumors by more than one group,” says Fisher. “We felt now might be right time because with transaction volume so low, it allows us time maybe move the transition a bit more quickly than in a hotter market.”