Former Grubb & Ellis CEO Barry M. Barovick is back in the spotlight. This week, real estate consulting firm Schonbraun McCann Group announced that Barovick has joined the firm as co-leader of their newly formed strategy group.
The purpose of this new division is to “provide specialized strategy services to corporate and real estate industry clients with significant real estate holdings,” according to Schonbraun McCann. Barovivk will occupy this new position with Liz Kulik, a former co-worker at real estate advisory firm HelixGlobal.
“Real estate assets are an enormous but underutilized asset class on Corporate America’s balance sheet. Schonbraun McCann’s specialized real estate services provided through our new strategy group are designed to assist our clients leverage their real estate holdings for a stronger balance sheet,” says Schonbraun McCann Managing Partner Bruce Schonbraun.
Prior to founding HelixGlobal, Barovick was CEO of real estate services firm Grubb & Ellis. He left the embattled company in March 2003 after myriad broker defections left the company starved of talent. In 2002, Grubb & Ellis was de-listed from the New York Stock Exchange because shares in the company were trading at such depressed levels.