After three months of an active industry search, Grubb & Ellis has opted to name Michael Rispoli, the current CFO of its investment subsidiary, as the new lead financial officer and executive VP for the real estate services investment firm. 

Rispoli will succeed Richard Pehlke, its former CFO, effective immediately. Previously, back in May, Pehlke stepped down from his post after holding it for nearly three years to “seek new challenges and opportunities,” he said in the announcement.

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