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Avison Young Opens Office in DC, Recruits Keith Lipton from Grubb & Ellis as Managing Director
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Avison Young, Canada's largest independently-owned commercial real estate services company, has opened a Washington, DC office and recruited local industry veteran Keith Lipton to serve as Managing Director.
Lipton, who also becomes an Avison Young Principal, was most recently Executive Vice-President and Managing Director of Grubb & Ellis' Washington, DC area offices. In his new role, he will be responsible for building Avison Young's DC metro region - Washington, DC, Maryland, and Northern Virginia. Also joining the Washington office are Margaret Donkerbrook as Vice-President, U.S. Research, and Sarah Peyton as Regional Operations Manager. Both were formerly with Grubb & Ellis in Washington, DC.
Over the past three years, Lipton, Donkerbrook and Peyton have helped lead the turnaround of Grubb & Ellis in the DC metro region, resulting in the region becoming the number one performing office for Grubb & Ellis in 2008 and year-to-date 2009. During this period, Lipton and his team recruited 60% of the brokerage professionals and 80% of the total staff in the DC metro region, added multiple service lines and expanded into the Baltimore, MD market.
The new American office, the first of several planned for the region, will be located in downtown DC. It will mark Avison Young's second location outside of Canada (the first is in Chicago) and represents the next step in the company's aggressive growth and expansion strategy.
You can find more commercial real estate news and headlines by clicking here for the citybiz real estate Maryland / Mid-Atlantic Commercial Real Estate Report for Monday, Nov. 9
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