Stallings

HOUSTON-Grubb & Ellis Co. has added James Adams as executive vice president and managing director of its Houston office as well as Christopher Stallings as managing director. Adams brings more than 25 years of commercial real estate experience to the managing director role. Stallings joins the company’s appraisal and valuation group.

Stallings will be responsible for developing and overseeing the company’s appraisal operations in Houston. Stallings’ addition follows Grubb & Ellis’ announcement in June that it was launching a national appraisal business and reinvigorating the Landauer brand under the leadership of industry veterans Douglas Haney and Eduardo Alegre. In addition to Stallings, Michael Miller and Michael Mason recently joined the company as senior managing director, Texas, and managing director, Los Angeles, respectively. Grubb & Ellis Landauer Appraisal & Valuation will officially open for business in September with seven offices; longer term the expectation is to have a presence in every key market and between 250 and 350 full-time appraisers.

Adams

Adams responsibilities will include overseeing the company’s more than 50 local professionals, in addition to growing Grubb & Ellis’ presence throughout the Houston marketplace. During much of his career, he has specialized in mortgage banking, closing more than $4 billion in debt and equity transactions across the US. He will use his past experience to help establish and grow the company’s local mortgage banking practice, according to a prepared statement.

“Jim brings the relationships, market knowledge and experience we need to grow Grubb & Ellis’ presence in Houston,” says Moody Younger, executive managing director, Texas. “While we are excited about Jim’s background in capital markets, as the success of our investments platform is integral to our future growth, we are also highly confident that his influence will enable us to strategically grow all our business lines in Houston.”

Adams joins Grubb & Ellis from NorthMarq Capital, where he was a senior vice president specializing in debt and equity services. Prior to joining NorthMarq in 2009, he was senior vice president and branch manager at Capmark Finance Inc., predecessor of GMAC Mortgage Commercial, for five years, during which time he opened the firm’s Houston office and grew his team to a staff of 10. During his tenure, the Houston office’s annual revenue grew to almost $3.5 million and was widely recognized as one of the leading local Freddie Mac multi housing seller-servicers, prior to its acquisition by Berkadia Commercial Mortgage LLC in 2009.

Prior to joining GMAC in 2004, Adams spent five years as a senior vice president of Q10/Kinghorn, Driver, Hough & Co., where specialized in the placement of debt and equity on income producing real estate, and four years with L.J. Melody & Co. He began his mortgage banking career in 1987 with Holliday Fenoglio Fowler LP.

“I am excited about the opportunity to be a part of Grubb & Ellis’ expansion in the Houston market,” Adams says. “We’ve got a great team of real estate professionals, and I’m confident that we can expand on the platform that is already in place.”

Stallings joins Grubb & Ellis from Integra Realty Resources, where he spent six years as an associate director. In addition to managing and training associates, he specialized in appraisal production and procurement, focusing on properties throughout North America, Central America and the Caribbean.

“Chris is an excellent leader with a diverse range of experience in the appraisal industry both nationally and internationally. He will be a valuable member of our team and an essential part of our growth,” says Haney, president, Grubb & Ellis Landauer Appraisal & Valuation.

Prior to joining Integra, Stallings spent a decade at CB Richard Ellis Valuation and Advisors Services were he was the Northern California regional manager. Earlier, he spent three years as the Southern regional manager of Standard and Poor’s, which included the oversight of the company’s offices in Texas, Louisiana, New Mexico, Oklahoma, Mississippi and Alabama. Stallings began his appraisal career in 1984.

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Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.