{"id":1004034193,"date":"2011-11-15T05:03:10","date_gmt":"2011-11-15T13:03:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004034193"},"modified":"2022-12-06T12:11:46","modified_gmt":"2022-12-06T20:11:46","slug":"four-way-merger-creates-new-cre-company-in-idaho-montana","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/four-way-merger-creates-new-cre-company-in-idaho-montana\/","title":{"rendered":"Four-way Merger Creates New CRE Company in Idaho, Montana"},"content":{"rendered":"

November 15, 2011<\/strong>
\nBy Scott Baltic, Contributing Editor <\/em><\/p>\n

Three leading commercial real estate firms in Montana and Idaho \u2013 Catalyst, of Bozeman, Mont; Idaho Commercial, of Boise, Idaho; and Hume Commercial, also in Boise \u2013 along with TSC Management, a full-service property management company in Boise, have combined to create a new company, also called Catalyst, the parties announced Monday. The combined company will offer comprehensive asset management, property management, tenant and landlord leasing representation, consulting and brokerage services. <\/p>\n

The new Catalyst will be an independently owned and operated affiliate of Grubb & Ellis. LeAnn Hume, former designated broker at Hume Commercial, told Commercial Property Executive<\/em> that the new company\u2019s three partners are herself, Tim Reid of Idaho Commercial and Mike Elliott of the original Catalyst. Both of the other two partners, Hume explained, already had affiliations with Grubb & Ellis, and she has had good experiences working with other G&E personnel, so the decision to remain in the fold with the new entity was an easy one, she said. <\/p>\n

Hume also expressed confidence that, despite the company\u2019s turbulent recent history, going forward, the news from and about Grubb & Ellis will be good. <\/p>\n

Grubb & Ellis announced last month that it was in negotiations regarding \u201ca strategic transaction\u201d with C-III Capital Partners LLC and that a C-III affiliate had agreed to expand G&E\u2019s existing $18 million credit facility. <\/p>\n

In number of licensed agents, Hume said, Catalyst will be the third-largest commercial-only real estate brokerage in Idaho. Of the new company\u2019s 12 agents, six are women, she said, adding that they have a combined 55 years of experience in commercial real estate. <\/p>\n

When the merger is complete \u2013 a move that\u2019s scheduled for Jan. 1, 2012 \u2013 Hume said Catalyst will have one office in Bozeman and one in Boise. <\/p>\n","protected":false},"excerpt":{"rendered":"

Four CRE firms in Montana and Idaho have combined their efforts to create a larger company called Catalyst, which will be an independently owned affiliate of Grubb & Ellis. <\/p>\n","protected":false},"author":1201,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21742,15],"tags":[],"class_list":["post-1004034193","post","type-post","status-publish","format-standard","hentry","category-corporate-real-estate","category-latest","category-west"],"acf":[],"yoast_head":"\nFour-way Merger Creates New CRE Company in Idaho, Montana - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/four-way-merger-creates-new-cre-company-in-idaho-montana\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Four-way Merger Creates New CRE Company in Idaho, Montana\" \/>\n<meta property=\"og:description\" content=\"Four CRE firms in Montana and Idaho have combined their efforts to create a larger company called Catalyst, which will be an independently owned affiliate of Grubb & Ellis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/four-way-merger-creates-new-cre-company-in-idaho-montana\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-11-15T13:03:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T20:11:46+00:00\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/four-way-merger-creates-new-cre-company-in-idaho-montana\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/four-way-merger-creates-new-cre-company-in-idaho-montana\/\",\"name\":\"Four-way Merger Creates New CRE Company in Idaho, Montana - 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