All three had been with Grubb & Ellis in that firm's Fairfield, NJ office. While based here, the new business unit aims to ramp up NKF's investment sales presence in the larger tri-state suburban region encompassing New Jersey, Westchester County, NY and Connecticut.
"Growing this practice area is a high priority," NKF president James Kuhn tells GlobeSt.com. "We are fully committed to building our existing capital markets group during 2008. We're pleased to have this accomplished team in our ranks."
And there's apparently more to come. "We hope to have some additional major announcements in the next 60 days," Kuhn says.
Together, the newly hired threesome has totaled more than $1 billion worth of transactions in the tri-state region over the past few years. Hoffman is a 30-year veteran, and as managing director of G&E's institutional services group had been the nationwide point of contact for managing the Prudential Real Estate Investors and Sunbelt accounts. He's credited with $16 billion worth of transactions over his career.
Schnurr, a 25-year veteran, had been with G&E's institutional services group for more than a decade, has in recent years been credited with more than $4 billion in investment sales and maintains an inventory of more than $100 million of exclusives. Abudato had been with G&E for the past two years and focuses on the retail strip center investment market.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
