Bill Wright, Marty Herrmann, TJ Jacobs
It's difficult to resist the lure of a commercial brokerage with an international reach and a local company that is running at full steam.
That's the sentiment of Bill Wright, Marty Herrmann and TJ Jacobs, who joined CBRE|Hubbell Commercial recently after leaving Terrus Realty Group LLC.
Wright has worked in the Greater Des Moines commercial market for 20 years, Jacobs for 13 and Herrmann for seven. If you take notice of real estate signs posted at commercial properties, their names frequently appeared together when they were at Terrus.
All three have worked with CBRE|Hubbell Commercial professionals during their careers and they are well-versed in the organization fitness of CBRE Group Inc, which.generally ranks at the top among global real estate companies. In 2013, it posted $7.2 billion in revenue. The company's linkage with West Des Moines-based Hubbell Realty Co. add up to a mega-operation that is reveling in a flurry of post-recession activity.
"It's really exciting, what is going on around here (at the Hubbell companies)," Herrmann said. "They're in growth mode."
Kyle Gamble, managing director of the brokerage, agreed.
"I would say the morale and vibe is at the highest point in my 20 years. We have a good culture," he said.
CBRE|Hubbell Commercial now has 25 brokers, Gamble said.
Why add to the crew?
"I think we determined they were the right fit from a work-ethic standpoint, from a personality standpoint to a vision of the future. ... We plan to keep having an impact on the market," Gamble said.
Terrus President and CEO Randy Minear noted that there has been a fair amount of transition recently in the Greater Des Moines commercial market.
Three brokers recently left their firms to join Jones Lang LaSalle, another international commercial real estate firm, which has opened a brokerage in Greater Des Moines after first acquiring the property management business of Principal Financial Group Inc. Terrus had performed that function for more than a decade.
"It's the nature of the beast," Minear said. "You adapt to it and retool."
The Greater Des Moines market is diverse enough to support firms with ties to global companies with larger accounts as well as those, such as Terrus, with a more regional base of clients, he said.