Grubb & Ellis|Commercial Florida Eyes Big Growth in Tax Advisory Work for Commercial Property Owners

MELBOURNE, Fla. - Grubb & EllisCommercial Florida, which ranks as one of Florida’s most active commercial property firms, sees tax advisory work as a major growth center.

Jeff Sweeney, SIOR, president of Grubb & EllisCommercial Florida, with offices in Melbourne, Orlando and Tampa, said work for the firm‘s Tax Advisory Group has grown by more than 100 percent over the past six months.

Earlier this year Sweeney appointed tax specialist Don Lombardi director of Tax Assessment Services to head the division in the firm’s Tampa office.

Brett Felberg serves as associate director of Tax Assessment Services in Orlando and Melbourne.

“We have saved our commercial property clients literally thousands of dollars by addressing their tax valuations,” Sweeney said. “Property values have declined across the board due to the recession, but many local government agencies have failed to adjust their assessments accordingly,” Sweeney said.

“In addition, a myriad of tax incentives, benefits and deferments are available to commercial property owners who, for example, retrofit their properties to reduce energy consumption,” Sweeney explained.

“We see this as a major growth market for our firm over the next 24 months,” he said.
Sweeney said the Grubb & EllisCommercial Florida Tax Assessment Group serves commercial property clients throughout the state of Florida.

For More Information:
Jeff Sweeney, SIOR, 407-481-5387, 315 E. Robinson St. Suite 555, Orlando, FL 32801
Larry Vershel Communications, 407-644-4142

About Grubb & EllisCommercial Florida:
Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 40 brokers divided among its Melbourne, Orlando and Tampa offices to serve the entire mid-Florida marketplace.

About Grubb & Ellis:
Named to The Global Outsourcing 100™ in 2009 by the International Association of Outsourcing Professionals™, Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 130 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), tenant-in-common (TIC) investments suitable for tax-deferred 1031 exchanges, mutual funds and other real estate investment funds. For more information, visit http://www.grubb-ellis.com/.