Barovick explains that the new enterprise--which includes many of the senior executives with Barovick during his tenure at Grubb--is a 50/50 joint venture with JH Cohn, one of the world's largest accounting and consulting firms. The half not owned by Cohn is owned by Barovick, COO Elizabeth S. Kulik and Sr. EVP Michael Berne.
Barovick explains that the JV provides the startup with the infrastructure necessary "so we didn't have to focus on the noise of administration while getting our business up and running." It also provides a more than 600-person worldwide employee base so the 13 core executives of Cohn Real Estate have the wherewithal to take on clients such as AmEx.
According to Kulik, Cohn's mission is to take "an integrated service platform based on our knowledge of specific industries and deliver that real estate expertise throughout the life cycle of clients' assets."
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
