c u s t om c on t e n t f e b r ua ry 17, 2020
BROKER & PROJECT NOMINEES
PANEL DISCUSSION & AWARDS DINNER
Tuesday, February 18, 2020 | 4:30pm – 9:00pm Westin Bonaventure Hotel and Suites | 404 South Figueroa Street | Los Angeles, CA 90071
Tickets available at labusinessjournal.com/cre2020
PLATINUM SPONSORS
GOLD SPONSORS CBIZ | MHM | Parker Brown | Swinerton Builders | Thompson Coburn LLP | Worthe Real Estate Group
SILVER SPONSORS 2nd & PCH | Bond Companies | Bridge Development Partners | Colliers International | DPR Construction | KPRS | MacFarlane Partners Miller Kaplan | Prologis | Sharpe Interior Systems | Sierra Pacific Constructors | Spectrum Commercial Real Estate, Inc. | ZGF Architects LLP
033-68_CRE20_pre.indd 33 2/13/20 3:04 PM 34 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 17, 2020
The Impact of Commercial Real Estate Development and Operations Grows
he impact of new development and of the The survey cited several economic trends ongoing operations of existing commercial that will support above-trend growth in 2020. Treal estate buildings in the United States These include: – office, industrial, warehouse and retail – has • Continuing spending stimuli flowing from grown to support 9.2 million American jobs the Tax Cuts and Jobs Act of 2017 and contribute $1.14 trillion to the U.S. GDP • Fiscal benefits resulting from higher feder- in 2019, an increase from 8.3 million jobs and al spending under the Bipartisan Budget Act a contribution of $1.0 trillion to GDP in 2018. of 2019 Based on the existing stock of commercial • Continuing low interest rates buildings — totaling 49.6 billion square feet at • Personal income growth resulting from the end of the third quarter of 2019 — direct job growth and higher wages supporting strong spending on building operations totaled an es- consumer spending timated $173.0 billion and contributed $464.0 • Improved global economic activity that billion to GDP. will support U.S. export sales In addition, 563.3 million square feet of • Stronger domestic crude oil production new office, industrial, warehouse and retail space newly constructed in 2019 has the ca- Three additional factors will contribute to pacity to house 1.4 million new workers with a GDP growth in 2020 that were not present total estimated annual payroll of $83.5 billion. during 2019: the six-week GM strike has been The findings were presented in the annual resolved, production of the Boeing 737 Max study, “Economic Impacts of Commercial airliner could possibly resume in the second Real Estate, 2020 U.S. Edition,” released by quarter of 2020, and there will be a one-time the NAIOP Research Foundation. The study increase in hiring and spending to support the measures the contributions to GDP, salaries 2020 Census. and wages generated, and jobs created and sup- The full report includes detailed data ported from the development and operations of on commercial real estate development activi- commercial real estate. ty in all 50 states and the District of Columbia, The study broke out several key measures including direct spending; total output; salaries by commercial real estate industry sector: and wages; and jobs supported. • Office construction expenditures totaled The report is authored annually by econ- $50.8 billion in 2019, up 5.4% from 2018, omist Stephen S. Fuller, Ph.D., Dwight Schar building on its 12.3% gain the previous year. Faculty Chair, university professor and director, • Retail construction expenditures totaled Stephen S. Fuller Institute, Schar School of development to the U.S. economy. This study is Association, is the leading organization for devel- $14.4 billion in 2019, a decrease of 15.1% Policy and Government at George Mason Uni- used by real estate professionals and municipal, opers, owners and related professionals in office, from 2018. That marks four straight years of versity, Arlington, Virginia. Data was provided state and federal officials and employees, to un- industrial, retail and mixed-use real estate. NAIOP decline; expenditures fell 9.5% in 2018, 0.8% by Dodge Data & Analytics. derstand and quantify the key economic benefits comprises 20,000 members in North America. in 2017 and 7.0%in 2016. The last time retail Since 2008, NAIOP has conducted this of commercial real estate development. NAIOP advances responsible commercial real construction spending increased was in 2015. study for purposes of estimating the annual eco- estate development and advocates for effective public • Warehouse construction outlays rose in nomic contribution of commercial real estate NAIOP, the Commercial Real Estate Development policy. For more information, visit naiop.org. 2019, gaining 12.6% from 2018. Construction spending had declined slightly in 2018 (0.7%) after increasing in each of the preceding seven TOP 10 STATES BY DEVELOPMENT IMPACTS IN 2019 (ranked by total output) years. • Industrial construction spending, which STATE DIRECT CONSTRUCTION TOTAL OUTPUT / JOBS CREATED fell sharply in 2015 and 2016 before increasing SPENDING CONTRIBUTION TO GDP AND SUPPORTED in 2017 and 2018, declined 31.7% in 2019. (in billions of dollars) (in billions of dollars) This reflects the manufacturing sector’s weaker performance during the year, caused in part by tariffs that have disrupted foreign trade. 1. Texas $20.906 $54.149 378,700
Combined, commercial, residential, institutional and infrastructure development 2. California $15.421 $34.473 235,797 and operations contributes $3.9 trillion in con- struction spending and accounted for 18.1% of 3. New York $16.983 $31.828 202,316 all U.S. economic activity in 2019. “The U.S. economy is in nearing 11 years of expansion, growing consistently since July 4. Virginia $13.792 $28.199 207.506 2009 and making it the longest in American history,” said Thomas Bisacquino, NAIOP President and CEO. “Commercial real estate 5. Georgia $11.516 $27.521 223.750 remains as a significant economic driver, facilitating growth and creating valuable jobs. 6. Florida $11.779 $25.812 227,512 Despite slowing global and U.S. fiscal growth, the economy’s expansion is expected to extend beyond 2020. This is good news for our indus- 7. Ohio $8.540 $20.133 146,787 try, as steady demand will drive new construc- tion and development.” The study cites projections that GDP 8. Alabama $8.541 $18.672 155,265 will increase 2.1% in 2020 followed by some additional slowing in 2021, when it will fall to 9. Massachusetts $8.932 $17.715 115,702 2.0%. Slower growth is expected during 2021 through 2024 as the stimulus effects of the Tax Cuts and Jobs Act of 2017 diminish and 10. Illinois $5.743 $14.034 92.787 increased deficit spending moderates.
033-68_CRE20_pre.indd 34 2/13/20 3:05 PM FEBRUARY 17, 2020 LOS ANGELES BUSINESS JOURNAL 35
OUR EXPERTISE. YOUR BOTTOM LINE.
We consistently deliver outcomes that drive business and bottom-line performance for every client we proudly serve. We acknowledge and thank our top producers for setting the bar and for being exemplary in the industry.
#1 CORPORATE ACCOUNTS TOP OFFICE TOP INDUSTRIAL TOP INVESTMENT TOP DEBT & MULTI-MARKET Matthew Hargrove Art Rasmussen Darla Longo STRUCTURED FINANCE Matthew Hargrove Jeffrey Pion & David Norrie & Barbara Perrier Brian Eisendrath Clay Hammerstein Craig Peters Nick Walker #1 DEBT & Val Achtemeier Stephen Bay Bennett Robinson Todd Tydlaska STRUCTURED FINANCE Jay Dick & Sean Sullivan Shahin Adeli Brian Eisendrath R. Todd Doney Eloy Covarrubias Gregory P. Grant Anthony Gatti Kenji Sakai Daniel De La Paz Fred Aframian Jaspaul S. Kapoor #1 INVESTMENT Jacob Bobek Joseph M. Werdein Darla Longo Blake Mirkin Tres Reid Alex Kozakov & Barbara Perrier Matthew Heyn John Schumacher & Bret Quinlan & Patrick Wade Michelle Esquivel-Hall David Consani Michael Longo #1 INDUSTRIAL Joel Frank Art Rasmussen Erik Wanland John Zanetos & David Norrie TOP VALUATION & ADVISORY TOP RETAIL #1 MULTIFAMILY TOP MULTIFAMILY SERVICES Justin Schultz Laurie Lustig-Bower Laurie Lustig-Bower Sean Crosby Timothy Bower Priscilla Nee Andrew Power Jamie Brooks #1 RETAIL Bradford McCarthy George Koiso Geoffrey Martin Justin Schultz Eric Chen Robert Jacobson Andrew Turf Dean Zander Don T. Hirose #1 VALUATION & Brandon Beauchemin ADVISORY SERVICES Sean Crosby
Andrew D. Ratner Scott Chalmers Robert Peddicord Chalvis Evans Ian Britton Downtown LA West LA South Bay LA North Inland Empire +1 213 613 3320 +1 310 550 2697 +1 213 613 3346 +1 818 907 4635 +1 909 418 2002
@CBRESoCal | cbre.us/pacificsouthwest
007-80_labj-fullpages20200217.indd 35 2/12/20 5:17 PM 36 LOS ANGELES BUSINESS JOURNAL FEBRUARY 17, 2020 A GAME CHANGING COMMERCIAL REAL ESTATE PLATFORM 18,000+ EMPLOYEES
Offering a full-service, integrated solution for tenants, buyers, landlords, owners, developers and investors around the globe, NKF is ready to deliver on your unique commercial real estate needs. Experience the NKF difference. 58 COUNTRIES Connect with one of our seasoned Los Angeles real estate professionals today.
PHIL BRODKIN GREG MAY EVP, Managing Director - Los Angeles Region EVP, West Region Market Leader 480+ 213.596.2270 949.608.2101 [email protected] [email protected] OFFICES
North America • Latin America • Europe • Asia-Pacific • Africa • Middle East ngkf.com
007-84_labj-fullpages20200217.indd 36 2/11/20 4:15 PM FEBRUARY 17, 2020 LOS ANGELES BUSINESS JOURNAL 37 A GAME CHANGING COMMERCIAL REAL ESTATE PLATFORM 18,000+ EMPLOYEES
Offering a full-service, integrated solution for tenants, buyers, landlords, owners, developers and investors around the globe, NKF is ready to deliver on your unique commercial real estate needs. Experience the NKF difference. 58 COUNTRIES Connect with one of our seasoned Los Angeles real estate professionals today.
PHIL BRODKIN GREG MAY EVP, Managing Director - Los Angeles Region EVP, West Region Market Leader 480+ 213.596.2270 949.608.2101 [email protected] [email protected] OFFICES
North America • Latin America • Europe • Asia-Pacific • Africa • Middle East ngkf.com
007-84_labj-fullpages20200217.indd 37 2/11/20 4:15 PM 38 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 17, 2020 2020 BROKER NOMINEES
Jeff Abraham Val Achtemeier Fred Aframian Martin Agnew Neema Ahadian Newmark Knight Frank CBRE CBRE Agnew|Serling Group The Neema Group, of Marcus & Millichap Marcus & Millichap
Grigor Aleksanian Michael Arnold Duncan Backus Patrick Barnes Andy Batcheller NAI Capital NAI Capital Lyon Stahl Investment Avison Young NAI Capital Real Estate
Bill Bauman Steve Bogoyevac Shay Bolton Josh Bonwell Shaya Braverman Newmark Knight Frank Marcus & Millichap Savills CBRE Compass Commercial
Mitchel Cannata Zachary Card Jeff Carr Matt Case Genny Chang Marcus & Millichap CBRE CBRE Madison Partners Newmark Knight Frank
Katie Charles Brian Childs Ikem Chukumerije Elizabeth Clark Chase Cohen Marcus & Millichap NAI Capital Dapadon Enterprises Inc Compass Commercial Marcus & Millichap
033-68_CRE20_pre.indd 38 2/13/20 3:05 PM FEBRUARY 17, 2020 LOS ANGELES BUSINESS JOURNAL 39
ACCOUNTING | TAX | ADVISORY www.cbiz.com | www.mhmcpa.com Tel: 310.268.2000
Contact: Nick Pyzow at [email protected]
We are one of the leading providers of accoun�ng, tax and advisory services to Southern California’s real estate industry.
For more than 35 years we have represented some of Southern California’s largest property developers, managers, and individual property investors and we have worked with some of the most well-known lenders, investors, buyers, and sellers.
With our years of experience and industry exper�se, we can help assemble the team you need to make your project a success.
RankedRan by Accounting Today, INSIDE Public Accounting and Public Accounting Report as one of the Top Ten accoun�ng providers na�onwide, we have the depth of resources ready and available to address any client need that may arise.
Experience How Everything We Do [ Has A Single Focus - Your Success]
MHM (Mayer Hoffman McCann P.C.) is an independent CPA firm that provides audit, review and a�est services, and works closely with CBIZ, a business consul�ng, tax and financial services provider. CBIZ and MHM are members of Kreston Interna�onal Limited, a global network of independent accoun�ng firms.
007-84_labj-fullpages20200217.indd 39 2/11/20 4:15 PM 40 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 17, 2020 2020 BROKER NOMINEES
Aliya Coher David Consani Eric Cox Brian Cristiano Randy Cude Newmark Knight Frank CBRE CBRE Lyon Stahl Investment Spectrum Commercial Real Estate Real Estate
Art Day Dan De la Paz John DeGrinis AJ Dorn Michael Druker CBRE CBRE Newmark Knight Frank Newmark Knight Frank The Agency Commercial Advisory
Kevin Duffy Patrick DuRoss Matthew Fainchtein Josef Farrar Martin Fish CBRE Newmark Knight Frank Cushman & Wakefield Newmark Knight Frank The Agency Commercial Advisory
Greg Frankovich Jennifer Frisk Sean Fulp Aram Garikian Angel George Newmark Knight Frank Newmark Knight Frank Newmark Knight Frank Marcus & Millichap Marcus & Millichap
Andrew Ghassemi Aaron Goodman Ruben Goodsell Joseph Grabiec Kevin Green Spectrum Commercial Marcus & Millichap JLL Institutional Property Institutional Property Real Estate Advisors Advisors
033-68_CRE20_pre.indd 40 2/13/20 3:06 PM FEBRUARY 17, 2020 CUSTOM CONTENT - LOS ANGELES BUSINESS JOURNAL 41
PAST WINNING PROJECTS
GOLD AWARD SILVER AWARD Ten Thousand Metro Bike Hub United Airlines Polaris Lounge at LAX
Corgan Culver City Office
Cornerstone OnDemand Anita May Rosenstein Campus
Second Home Hollywood 1801 Century Park East
EXCEPTIONAL PROJECT EXPERIENCE FOR OPTIMIZED SPACES
100% 3,500+ ENR CA #1 Employee Owned Experts Strong General Contractor
007-84_labj-fullpages20200217.indd 41 2/11/20 4:15 PM 42 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 17, 2020 2020 BROKER NOMINEES
Kirby Greenlee Ethan Grunstein Ryan Gurman Frank Gutierrez Vanessa Haddad NAI Capital Marcus & Millichap CBRE Marcus & Millichap CBRE
Yair Haimoff Brin Hamblin Clay Hammerstein Rob Hannan Ryan Harding Spectrum Commercial Agnew | Serling Group CBRE Newmark Knight Frank Newmark Knight Frank Real Estate of Marcus & Millichap
Bret Hardy Larson Harley David Harrington Greg Harris Brett Hartzell Newmark Knight Frank Lyon Stahl Investment Matthews Real Estate Institutional Property CBRE Real Estate Investment Services Advisors
Sean Heitzler Mac Hewett Rob Hooks Brent Howell Mai Hu CBRE JLL Cushman & Wakefield CBRE Newmark Knight Frank
Klyvia Iha Morgan Jackson Barry Jakov Ryan Johnson Jack Jorgensen Marcus & Millichap Cushman & Wakefield Spectrum Commercial Marcus & Millichap Marcus & Millichap Real Estate
033-68_CRE20_pre.indd 42 2/13/20 3:06 PM FEBRUARY 17, 2020 LOS ANGELES BUSINESS JOURNAL 43 2019 WAS A BUSY YEAR
TOTAL LEASED 2,123,430 SF The Burbank Portfolio 987,932 SF theburbankportfolio.com CBRE Todd Doney 213 613 3330, Doug Marlow 818 502 6707 Central Park 93,424 SF Feigco, Liquid Music, Dan Angel, Mucho Mas Media, Mandinka/Juvee, TalentWorks, Twentieth Century Fox, On the Day Prod., Warner Bros. Pinnacle 1 241,573 SF Warner Bros., Olive & Thyme, Sony/Days of Our Lives, CoreBTS Pinnacle II 230,000 SF Warner Bros. Media Studios 215,008 SF DNEG/Prime Focus, Farmers Insurance Group, Insomniac, Jam City, AT&T Services/Ellation , Jones Lang LaSalle, BluFocus, Twentieth Century Fox The Tower 188,821 SF DNEG/Prime Focus, Warner Horizon, Zest Financial, Rainbow Digital, Stalwart Films The Pointe 19,106 SF CBS Interactive
The Burbank Studios 334,498 SF theburbankstudios.com JLL Carl Muhlstein 213 239 6055 Hayley Blockley 213 239 6054 Warner Bros. Television, Warner Bros. Animation, Legendary, Netflix , Corday Productions, Giallo, Nickelodeon, Warner Bros. Entertainment, Newline Cinema The Pointe Warner Media 801,000 SF
Tenant: Warner Bros. Architect: Gehry Partners TOTAL ACQUIRED 2,087,660 SF
3880 N. Mission Rd. 15000 Aviation Blvd. 4001 W. Olive Ave. 3903 W. Olive Ave. 111 N. Hollywood Way Lincoln Heights, CA Hawthorne, CA Burbank, CA Burbank, CA Burbank, CA 1,541,028 SF 206,946 SF 152,618 SF 128,110 SF 58,958 SF 100 Wilshire Blvd. Santa Monica, CA 310 393 9653 worthe.com
007-80_labj-fullpages20200217.indd 43 2/13/20 5:20 PM 44 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 17, 2020 2020 BROKER NOMINEES
Michael Kendall Gavin Ketchum Bill Kiefer Jessie King Lynn Kious Colliers International Newmark Knight Frank NAI Capital Marcus & Millichap Newmark Knight Frank
David Kluth Steven Kolsky Marin Koper Alexander Koustas Alex Kozakov Newmark Knight Frank Newmark Knight Frank Kennedy Wilson The Agency CBRE Commercial Advisory
Erik Krasney Alan Krueger John Lally Tina LaMonica Travis Landrum CBRE CBRE Marcus & Millichap NAI Capital Industry Partners
Chandler Larsen Jonathan Larsen Eric Lastition Suzanne Lee Bryan Ley Avison Young Avison Young Newmark Knight Frank Cushman & Wakefield JLL
Jim Linn Darla Longo Mike Longo Jay Luchs Geoff Ludwig Newmark Knight Frank CBRE CBRE Newmark Knight Frank Newmark Knight Frank
033-68_CRE20_pre.indd 44 2/13/20 3:06 PM FEBRUARY 17, 2020 LOS ANGELES BUSINESS JOURNAL 45 LEADING THE WAY TOP PRODUCERS Los Angeles County 2019
Colliers in Greater Los Angeles is proud to recognize those whose truly elevated sense of service has made them our Top Producers of 2019.
Visit us at colliers.com/GreaterLosAngeles
Mark Zorn Steve Bellitti Tom Taylor Darrin Kennedy Tony Phu
Kitty Wallace Richard Schwartz Terence Kirk Scott Heaton Stephen Calhoun
Accelerating success.
007-84_labj-fullpages20200217.indd 45 2/11/20 4:16 PM 46 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 17, 2020 2020 BROKER NOMINEES
Brian Luft Laurie Lustig-Bower Brett Lyon T.C. Macker Carter Magnin NAI Capital CBRE Lyon Stahl Investment WESTMAC Commercial Cushman & Wakefield Real Estate Brokerage Company
Christoper E. Maling David Maling Leslie Mayer John McAniff Mike McCrary Avison Young Avison Young Cushman & Wakefield JLL JLL
Rick McGeagh Chris McKenzie Ken McLeod John McMillan Morgan McMullin CBRE Delphi Business CBRE Newmark Knight Frank Compass Commercial Properties, Inc.
Peter McWilliams David Melaugh Brandon Michaels Daniel Miller Kyle Miller JLL The Agency Marcus & Millichap NAI Capital Newmark Knight Frank Commercial Advisory
Tim Miller Jeff Millman Andrey Mindirgasov Michael Moll John Montakab JLL Marcus & Millichap Newmark Knight Frank Newmark Knight Frank CBRE
033-68_CRE20_pre.indd 46 2/13/20 3:41 PM FEBRUARY 17, 2020 LOS ANGELES BUSINESS JOURNAL 47
Cedars-Sinai Urgent Care - West Los Angeles Abramson Architects TIS Construction Services, Inc.
DocMagic RADA Design & Architecture TIS Construction Services, Inc.
713 E. 223RD STREET, CARSON, CA 90745 | WWW.TISUSA.COM 48 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 17, 2020 2020 BROKER NOMINEES
Trevor Nelson Janet Neman Dana Nialis Joshua Nordlike Ashley Obradovich Newmontis Real Estate Kidder Mathews CBRE Lyon Stahl Investment Newmark Knight Frank Investment Banking Real Estate
David O’Keefe Max Parnia Kamran Paydar Laird Perkins Rebecca Perlmutter Marcus & Millichap Newmark Knight Frank CBRE CBRE CBRE
Barbara Perrier Tony Phu Jeff Pion Ryan Plummer Bret Quinlan CBRE Colliers International CBRE Newmark Knight Frank CBRE
Danny Reese Troy Reese Marc Renard Bennett Robinson John Rootlieb CBRE Marcus & Millichap Cushman & Wakefield CBRE Main + Main Inc
Nico Rosmarin Ryan Rothstein-Serling Rob Rubano Bob Safai Jeff Sanita Lyon Stahl Investment Marcus & Millichap Cushman & Wakefield Madison Partners Newmark Knight Frank Real Estate
033-68_CRE20_pre.indd 48 2/13/20 3:07 PM FEBRUARY 17, 2020 CUSTOM CONTENT – LOS ANGELES BUSINESS JOURNAL 49 2020 BROKER NOMINEES
David Schatz Manfred Schaub Brad Schlaak Matt Schmidt Sonya Schmidt Marcus & Millichap Cushman & Wakefield Madison Partners CBRE CBRE
Mark Schuessler John Schumacher Matthew Schwartz Sharene Sehr Kevin Shannon Newmark Knight Frank CBRE Newmark Knight Frank Newmark Knight Frank Newmark Knight Frank
It’s more than just numbers. It’s your business.
We listen, then advise. This is why we are one of the top certi ed public accounting rms. MILLERKAPLAN.COM
033-68_CRE20_pre.indd 49 2/13/20 3:07 PM 50 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 17, 2020 2020 BROKER NOMINEES
Nathan Shaolian Lee Shapiro Peter Sherman Kim Shore Jimmy Slusher Spectrum Commercial Kennedy Wilson Avison Young The Agency CBRE Real Estate Commercial Advisory
Matt Sreden Woody Stahl Clyde F. Stauff Kimberly R. Stepp Robert Stepp Spectrum Commercial Lyon Stahl Investment Colliers International Stepp Commercial Stepp Commercial Real Estate Real Estate
Synergy.
We have professional relationships with our clients that produce long-term value, growth and sustainability.
Serving Los Angeles and Ventura Counties | 818.999.5078 | parkerbrowninc.com
033-68_CRE20_pre.indd 50 2/13/20 3:07 PM FEBRUARY 17, 2020 CUSTOM CONTENT – LOS ANGELES BUSINESS JOURNAL 51 2020 BROKER NOMINEES
Greg Stumm Laura Stumm Sean Sullivan Dario Svidelr Jon Swire Newmark Knight Frank Newmark Knight Frank CBRE Compass Commercial The Agency Commercial Advisory
Shana Tavangarian Jesus Tavarez Ryan Tetrault Jim Travers Todd Tydlaska Cushman & Wakefield Marcus & Millichap Newmark Knight Frank Cresa CBRE
Leading the way ™
@spectrumcreinc
033-68_CRE20_pre.indd 51 2/13/20 3:07 PM 52 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 17, 2020 2020 BROKER NOMINEES
Dana Vargas Phil Voorhees Patrick Wade Kitty Wallace Erik Wanland JLL CBRE CBRE Colliers International CBRE
El Warner Angie Weber Jeff Wells Stew Weston Brad Wetherby Colliers International CBRE Lyon Stahl Investment CBRE Marcus & Millichap Real Estate
Congratulations to our 2019 Top 10 Southern California Brokerage Professionals. They are a testimony to our growth and success, and they exemplify Avison Young’s collaborative, Principal-led culture.
JONATHAN LARSEN STAN NOWAK TED SIMPSON PETER HAUSER CHANDLER LARSEN 1 PRINCIPAL 2 PRINCIPAL 3 PRINCIPAL 4 PRINCIPAL 5 SENIOR VICE PRESIDENT
BLAKE OLSON BRIAN COOPER MICHAEL DETTLING CODY LERNER LLOYD BAKAN 6 SENIOR VICE PRESIDENT 7 PRINCIPAL 8 PRINCIPAL 9 SENIOR VICE PRESIDENT 10 PRINCIPAL
We invite you to talk to us about bringing Christopher K. Cooper Southern California O ces Principal & Regional Managing Director Downtown Los Angeles your talents and expertise to a di erent Southern California Inland Empire kind of brokerage rm. One with an 213.935.7435 North Los Angeles entrepreneurial culture, international [email protected] Orange County San Diego platform, and endless opportunity. West Los Angeles
033-68_CRE20_pre.indd 52 2/13/20 3:08 PM FEBRUARY 17, 2020 CUSTOM CONTENT – LOS ANGELES BUSINESS JOURNAL 53 2020 BROKER NOMINEES
Ken White Danny Williams J.R. Williamson Kadie Wilson Joshua Yaris Newmark Knight Frank Newmark Knight Frank NAI Capital CBRE Marcus & Millichap
Patrick Ylagan Dean Zander CBRE CBRE
sponsors
033-68_CRE20_pre.indd 53 2/13/20 3:08 PM 54 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 17, 2020 2020 PROJECT NOMINEES |DEVELOPER |GENERAL CONTRACTOR |ARCHITECT
1801 Century Park East AC Hotel by Marriott Los Lobby Renovation Angeles South Bay | Douglas Emmett | Welcome Group, Inc. | Swinerton Builders | RD Olson Construction | Gensler | AXIS/GFA Architecture + Design, Inc.
2nd & PCH Air Lease | CenterCal Properties, LLC | Jones Lang LaSalle | W.E. O’Neil Construction Co. | Howard Building Corporation of California | HOK | AO
4130 Cahuenga Alameda Business Center | Harbor Associates | Westcore | Pinnacle Contracting Corporation | Norm Wilson & Sons | Wolcott Architecture | RGA Office of Architectural Design
ERIC FIKSE CASEY MUNGO DAVID FREITAG 02 INLAND EMPIRE 03 MID-COUNTIES 04 LOS ANGELES Congrats to DAUM’s 2019 PRESIDENTS CLUB Proven Results.
CHRIS MIGLIORI JOE PAREDES BOB LUNDSTEDT CHUCK BRILL Creative Solutions. 05 ORANGE COUNTY 06 INLAND EMPIRE 07 PHOENIX 08 SOUTH BAY Lasting RICK JOHN1 | SIOR Relationships. INLAND EMPIRE If you like an entrepreneurial culture, robust support platform, MIKE BARREIRO CHRIS ROGERS TREVOR MCKENDRY 09 ORANGE COUNTY 10 PHOENIX 10 PHOENIX high commission splits and fun people, then maybe DAUM is the place for you? Contact a local branch near you to learn more!
CHARLES JOHNSON II DAN DANESHRAD JERRY SACKLER SAM CHU BRAD LEVIN NOAH SAMARIN PAUL GINGRICH STEVE CRANE MITCHELL CONLEE JOIN THE TEAM! 888.659.DAUM SAN GABRIEL VALLEY LOS ANGELES LOS ANGELES MID-COUNTIES SOUTH BAY INLAND EMPIRE ORANGE COUNTY ORANGE COUNTY VENTURA COUNTY
GUS ANDROS NEIL MULLARKY ANTHONY BERGEMAN JAMES CONNOR RUDOLPH LARA ANDREW LARA NATHAN LARA JORDAN LARA INLAND EMPIRE ORANGE COUNTY SOUTH BAY NORTH LOS ANGELES INLAND EMPIRE SOUTH BAY SAN GABRIEL VALLEY SOUTH BAY
Los Angeles | San Fernando Valley | Santa Clarita Valley | San Gabriel Valley | South Bay | Mid-Counties | Orange County Inland Empire | Ventura & Santa Barbara Counties | Phoenix, AZ
TopProducers_2019_LABJ3-FNL.indd 1 1/21/2020 10:41:01 AM
033-68_CRE20_pre.indd 54 2/13/20 3:08 PM FEBRUARY 17, 2020 CUSTOM CONTENT – LOS ANGELES BUSINESS JOURNAL 55 2020 PROJECT NOMINEES |DEVELOPER |GENERAL CONTRACTOR |ARCHITECT
Alamo Drafthouse Bespoke Century City | PCL Construction Services, Inc. | Harbor Associates | Relativity Architects | Pinnacle Contracting Corporation | Wolcott Architecture
Aliso Apartments Bluebeam Software | Fairfield Residential | The Swig Company, LLC | Milender White Construction | Environmental Contracting Company Company | Kava Massih | Wirt Design Group
Aven Boston Properties Colorado | Mack Real Estate Group, Center AECOM Capital, and | Clune Construction Washington Capital | Gensler / RCH Studios | AECOM, Tishman & Swinerton Joint Venture | AC Martin
033-68_CRE20_pre.indd 55 2/13/20 3:08 PM 56 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 17, 2020 2020 PROJECT NOMINEES |DEVELOPER |GENERAL CONTRACTOR |ARCHITECT
The Box Yard Catalina Luxury Apartments | Bridge Development Partners, LLC | Charles Company | J Squared General Contractors | Elite General Contracting Inc. | Herdman Architecture + Design, Inc. | SPH Design+Architecture
BPM Supreme Cedars-Sinai - West Los | 2H Construction Angeles Urgent Care and | Kamus + Keller Dermatology | TIS Construction Services Inc. | Abramson Architects
Broadway Palace North Cedars-Sinai Laboratory | GH Palmer Associates | Cedars-Sinai | Oakes Architects | Millie and Severson General Contractors | EwingCole
033-68_CRE20_pre.indd 56 2/13/20 3:09 PM FEBRUARY 17, 2020 CUSTOM CONTENT – LOS ANGELES BUSINESS JOURNAL 57 2020 PROJECT NOMINEES |DEVELOPER |GENERAL CONTRACTOR |ARCHITECT
Colorado Campus Cornerstone OnDemand TI | Northwood Investors LLC | Cornerstone OnDemand | Morley Builders / Benchmark | Swinerton Builders Contractors, Inc. | Herdman Architecture + Design, | RAC Design-Build Inc.
Convene 333 South Grand Coronel Apartments | Sierra Pacific Constructors | Hollywood Community Housing | HOK Corporation | Westport Construction | KFA Architecture
Corgan LA The Culver Steps | IDS Real Estate Group | Hackman Capital Partners | Swinerton | KPRS Construction | Corgan | Ehrlich Yanai Rhee Chaney Architects
A New
Landmarkwhen first-class development,is Born design and construction converge
2nd street and pacific coast highway, long beach, california 2ndandpch.com
033-68_CRE20_pre.indd 57 2/13/20 3:18 PM 58 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 17, 2020 2020 PROJECT NOMINEES |DEVELOPER |GENERAL CONTRACTOR |ARCHITECT
The Curve at West Angeles Empire at Norton | West Angeles Housing Partners, L.P. | Empire Property Group | R.D. Olson Construction | Empire Construction Group | KFA Architecture | Levin-Morris Architects
DocMagic Headquarters Everlane | TIS Construction Services, Inc. | Shawmut Design and | RA-DA Construction | Bohlin Cywinski Jackson
Downtown West Medical EY Los Angeles | Inception Property Group | Howard Building Corporation | Oltmans Construction Company | HOK | Ware Malcomb
Congratulations to All 2020 Los Angeles Business Journal Commercial Real Estate Award Nominees
033-68_CRE20_pre.indd 58 2/13/20 3:10 PM FEBRUARY 17, 2020 CUSTOM CONTENT – LOS ANGELES BUSINESS JOURNAL 59 2020 PROJECT NOMINEES |DEVELOPER |GENERAL CONTRACTOR |ARCHITECT
Foley & Lardner LLP - Freedom Plaza Los Angeles | Primestor Development | Clune Construction Company | VCC | Rottet Studio | Nadel Architects
Formosa Cafe Haven | 1933 Group | Cityview | 1933 Group | Snyder Langston | PK Architecture
Four Seasons Hotel Henkel Westlake Village | IDS Real Estate Group | Shawmut Design and | Sierra Pacific Constructors Construction | Ware Malcomb | Brooks + Scarpa; BAMO
Fostering Communities and Bond Companies 11601 Wilshire Blvd., Ste. 2060 Building L.A.’s Future – Los Angeles, CA 90025 One Award-Winning, Sustainable 310.395.4250 & Innovative Project at a Time www.bondcompanies.com
033-68_CRE20_pre.indd 59 2/13/20 3:10 PM 60 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 17, 2020 2020 PROJECT NOMINEES |DEVELOPER |GENERAL CONTRACTOR |ARCHITECT
Herbalife Innovation Center John Wells Productions | EEC Environmental Contractors Corp | Sierra Pacific Constructors | Kamus + Keller Interiors Architecture | ShubinDonaldson
House of Bijan Kensington Campus I | Shawmut Design and | Insite Development Construction | Atkinson & Associates | Pizzulli Associates, Inc. | Lahmon Architects
Joey DTLA LA Plaza Village | Shawmut Design and | High Street Residential, a Construction subsidiary of Trammell Crow | Architects Design Consortium Company | Morley Builders | Johnson Fain
THE LUNDQUIST INSTITUTE FOR BIOMEDICAL INNOVATION MEDICAL RESEARCH LABORATORY 1
HEALTHCARE NOMINEE
PORTLAND WASHINGTON, DC SEATTLE NEW YORK LOS ANGELES VANCOUVER, BC
@ZGFArchitects ZGF.com
PROUD SPONSORS OF THE LABJ CRE AWARDS
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LinkedIn Carpinteria, Building 1 The Lundquist Institute for | LinkedIn Biomedical Innovation | Sierra Pacific Constructors | DPR Construction | HOK | ZGF
Long Beach Civic Center The Mansfield | Plenary Properties Long Beach, LLC | RPK Development | Clark Construction Group of | TB Penick & Sons California, LP | Plus Architects | Skidmore, Owings & Merrill, LLP
Los Angeles LGBT Center, Metropolis Phase II Anita May Rosenstein | Greenland USA US Holdings, Campus Inc. | Los Angeles LGBT Center | Webcor Builders | Swinerton Builders | Harley Ellis Devereaux (HED) | KFA Architecture
Change the industry. Change the world.
The Lundquist Institute | El Segundo, CA | DPR Construction & ZGF Architects
Los Angeles 88 West Colorado Blvd., Suite 301, Pasadena, CA 91105 Orange 4665 MacArthur Court, Suite 100, Newport Beach, CA 92660 County P: (626) 463-1265 County P: (949) 955-3771
JOIN THE CONVERSATION JOIN THE TEAM
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The Music Center Plaza Oracle Santa Monica | The Music Center / Performing Arts | Oracle Center of LA County | Taslimi Construction Company | MATT Construction | Gensler | RCH Studios
NEXT on Lex Palihotel Culver City | Century West Partners (Fifield | Grifka Group Companies and Cypress Equity | Shubin Donaldson Investments) | W.E. O’Neil Construction Co. of California | KFA Architecture
One Culver Palisades Village | LBA Realty | Caruso | Hathaway Dinwiddie | Tutor Perini Building Corporation Construction Company | Gensler | Gensler
INSPIRING POSSIBILITIES
Located in the heart of downtown Culver City, One Culver captures the energy and creativity of the entertainment, media and technology industries, where business and culture converge.
Together, we are proud to partner with our One Culver project team. It is truly an honor for our hard work and dedication to be recognized in Los Angeles Business Journal’s 2020 Commercial Real Estate Awards. Congratulations!
Owner: LBA Realty Architect: Gensler Contractor: Hathaway Dinwiddie
Certainty of Delivery | Outstanding Value HDCCO.com
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Park Fifth Pharmavite | MacFarlane Partners | Cushman & Wakefield | Suffolk | Howard Building Corporation | Ankrom Moisan Architects | HOK
Paul Hastings LLP - Pico Eleven Century City | Pacific Apartment Homes | Environmental Contracting | Walton Construction Corporation | KFA Architecture | Rottet Studio LLC
The Pearl on Wilshire Pico Offices | Cityview | BKNM, LLC | CBG Building Company | Marmol Radziner | Van Tilburg, Banvard & | Marmol Radziner Soderbergh, AIA
A NEW ICON IS GRACING THE ANGELENO SKYLINE. A couture high-rise residence offering a truly cosmopolitan experience, a signature rooftop pool retreat, lavish amenities, and tailored services. Towering over Fifth Street at the intersection of art, culture, and exceptional living, Park Fifth puts you at the center of a lifestyle of unmatched energy, access, and experiences. We are proud to be nominated for the Los Angeles Business Journal Commercial Property/Multifamily Award. Visit our luxury apartments today. Leasing now.
833.216.4335 • [email protected] • 427 W. 5th Street • www.ParkFifth.com
Los Angeles Business Journal 2-13 3e.indd 1 2/13/20 4:05 PM
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The Post Radiology Partners | Worthe Real Estate Group | CM Partners Group | Krismar Construction Co., Inc. | Howard Building Corporation | Gensler | HLW International
Quest Nutrition Red Bull | DPPM Project Management | Red Bull | Howard Building Corporation | Parker Brown Inc. | Dennis Huether Studio / | Mozu Architects Moshiri Associates
Quixote North Valley Studios The Residences at West | Quixote Studios Hollywood EDITION | Xebec Building Company | Witkoff | HPA Architecture, Inc. | Pankow | HKS Architects
The Agency would like to congratulate our Commercial Advisory Team for its nomination by the Los Angeles Business Journal Commercial Real Estate Awards
COMMERCIAL ADVISORY SERVICES: Leasing: Tenant and Landlord Representation Acquisition and Disposition Valuation and Advisory
ALEXANDER KOUSTAS Managing Partner | The Agency - Commercial Advisory 424.270.1651 | [email protected] | LIC. # 01819148
LUXURY REAL ESTATE AT THEAGENCYRE.COM
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The Rhys Seabluff Condominiums | Canfield Development, Kenmore | The New Home Company Property Investors, LLC | Fassberg Contracting | Westside Contractors Inc. Corporation | Nadel Architects | KFA Architecture
Robert Frost Auditorium Second Home Hollywood Improvements at Culver City | Bond Companies / High School Klaff Realty, LP | Balfour Beatty Construction | Swinerton | Hodgetts + Fung | SelgasCano / Omgivning
Santa Monica Proper Hotel Silver Lake Pool & Inn | Santa Monica Proper JV, LLC, | Palisociety / Timberlane Partners c/o The KOR Group | Shawmut Design and | Morley Builders Construction | Howard Laks Architects | Electric Bowery
SOUTHERN CALIFORNIA’S PREMIER TENANT IMPROVEMENT CONTRACTOR
CONGRATULATIONS
For more information please visit www.howardbuilding.com
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Studio 4501 The Trust Building | Hankey Investment Company | Rising Realty Partners | KPRS Construction | Morley Builders | HansonLA | Gensler / Architectural Resources Group
Torrance Memorial Medical Warner Music Group Center, Hunt Cancer Center | Gardiner & Theobald | Torrance Memorial Medical | Howard Building Corporation Center | Rockwell Group / Rockefeller | McCarthy Building Companies, Inc. Partners Architect | C|A Architects
Boston Consulting Group CONVENE, SOUTH GRAND HENKEL HOK – Architect Ware Malcomb - Architect Gardiner & Theobald - Project Manager SAW & Associates – Project Manager SUCCESS THROUGH TEAMWORK
License No. 751130
At KPRS, building is a lot of things. Building trust with our partners and people. Building a reputation for the highest quality in everything we do. Building anything our clients can imagine. But above all else building is serving.
Congratulations to Culver Steps on being LINKEDLN CARPINTERIA, BUILDING 1 JOHN WELLS PRODUCTIONS nominated for the Los Angeles Business Journal HOK – Architect ShubinDonaldson Architects - Architect Commercial Real Estate Awards. JLL - Project Manager Trailmark Inc. – Construction Manager
CONGRATULATIONS TO ALL THE NOMINEES & WINNERS OF THE 2020 COMMERCIAL REAL ESTATE AWARDS www.kprsinc.com WWW.SPCINC.COM
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Considerations for Your 2020 Real Estate Tax Strategy
By KENNETH TINDALL bonus depreciation rules are very taxpayer PENDING UPDATES these measures would cause. friendly, but begin to phase-out after 2022. A Taxpayers can expect more IRS guidance in os Angeles real estate companies need to cost segregation study is a great way to maxi- 2020. Final regulations for the Section 163(j) SCHEDULE K-1S continually evolve their tax strategies to mize the current benefit of the bonus depreci- business interest limitations are imminent, Preparing 2019 tax returns will be slightly less Lstay on top of changing tax laws and posi- ation rules. Taxpayers may also utilize previous which could significantly affect real estate difficult than initially feared. The IRS recently tion themselves strategically for the future. tangible personal business property de minimis owners. The Section 163(j) limitation, which delayed requirements for Schedule K-1 disclo- With many of the beneficial tax laws for rules to expense certain expenditures instead of caps the deduction for business interest expense sures about certain capital account information. partnerships set to expire after 2025, time is of capitalizing them. at the amount of business interest income plus For 2019, partnerships should report partner the essence to take advantage of these oppor- 30% of adjusted taxable income for a given year capital accounts consistent with the reporting tunities. The following are four important QUALIFIED OPPORTUNITY ZONES (essentially EBITDA until 2023), will clarify requirements for the 2018 Forms 1065 and considerations for your tax strategy for 2020 The IRS has issued final regulations on the how the limitation applies to certain types of Schedule K-1. It follows that partnerships may and beyond. Qualified Opportunity Zone (QOZ) program. partnerships. Also expected are proposed regu- continue to report partner capital accounts using Los Angeles real estate groups may want to lations for the carried interest limitation, which any method available in 2018 (e.g., tax basis, QUALIFIED BUSINESS INCOME DEDUCTION consider investing in this tax-advantaged will clarify the length of time certain partner- Section 704(b), GAAP, or any other method), UNDER SECTION 199A investment vehicle. Although one of the ship interests must be held before becoming unless there is a negative balance of tax basis in Internal Revenue Code (IRC) Section benefits of the QOZ program for investors — subject to the more favorable long-term capital capital, in which case the tax basis capital data 199A is one of the most significant provisions an additional 5% basis adjustment for invest- gains tax rate. must be reported for 2019. Even with this delay, of the tax reform law commonly known as ments held at least seven years—is not avail- The TCJA contained several drafting errors Schedule K-1 reporting will still be arduous, the Tax Cuts and Jobs Act (TCJA). Section able for QOZ investments after 2019, there are that negatively impacted certain real estate however, so Los Angeles real estate companies 199A introduced the qualified business income still major incentives for investors to contrib- owners. The “retail glitch” error mistakenly should start to analyze the effects the disclosures (QBI) deduction, which allows pass-through ute to the qualified opportunity fund (QOF) repealed the 15-year depreciable class life for will have on their reporting processes. entity and individual owners to deduct up to that supports a QOZ business. While the final qualified improvement, retail, and restaurant 20% of their share of QBI, effectively reducing regulations did not make huge changes to the property. A fix to this error was initially part of Kenneth Tindall is a their effective tax rate by up to 7.4%. The rules, they did provide clarification and new the December 2019 appropriation spending bill, Tax Director in the Los IRS published final QBI regulations in January favorable provisions. Gross IRC Section 1231 but was not included in the final bill signed into Angeles office of CBIZ 2019 that clarified some of the more important gains can now be invested immediately into a law. There is continued support in Congress to & MHM, a Top Ten application questions. The QBI deduction is QOZ fund instead of netting them first with fix this error, as well as extending the favorable national accounting pro- among the provisions set to expire after 2025, 1231 losses at the end of the year. The regula- bonus depreciation rules. However, a divided vider. He can be reached so now is the time to maximize its benefits. tions also clarify how to invest installment Congress hasn’t been able to come together on at (301) 268-2045 or Besides the 199A deduction, the current sale gains. how to address the reduction in tax revenues via [email protected].
customer and sets high standards for end results The Steady Growth and Success of every time as showcased in one of many confi- dential testimonials as highlighted below. “I had only worked with Swinerton in the Bay Area until a couple of years ago when Swinerton’s Special Projects Division I asked if they had a SoCal team that could take over as GC on a complicated approx. $20 million job that was precipitously becoming a By VERONIKA BENDL tractors in California and the United States, over 800 craftspeople serving Los Angeles and disaster for us. They rescued the budget, sched- due to their strength in internal resources Orange County alone, Swinerton can provide ule, building owner (us) and the challenging winerton, ENR’s #1 ranked commercial and the horsepower to handle the specific internal drywall/framing, concrete, doors/ user. Swinerton was our hero and I have construction firm based in California, year requirements of all unique projects. Due to frames/hardware, firestopping, clean-up, Divi- already hired them for three other jobs,” said Safter year, serves several key market sectors the strength of local in-house expertise which sion 10 Specialties, demolition and electrical a private real estate investment, management, such as commercial office, retail, multi-family includes estimators, preconstruction managers, services directly to every client. and development firm’s managing partner. residential, hospitality, healthcare, education, schedulers, a robust MEP and Virtual Design Swinerton’s OC/LA Special Projects Divi- The Los Angeles Special Projects Divi- renewable energy, parking structures, construction team, Quality Control and safety sion is led by Lia Tatevosian and emerging sion has grown exponentially in the last 5 technology and entertainment. managers and over 85 TI/Seismic Specialists leaders Tom Malloy, Daniel Camin, Chris Bar- years finishing 2019 with over $200 million Swinerton traces its roots back to 1888, in Los Angeles alone. In this specific capacity bato, Red Gayita and Katayoon Alavian. With of successful work put in place and projected when a young Swedish immigrant formed a Swinerton can interact directly with each this team of incredible local experts Swinerton over $250 million for 2020. This growth is a brick masonry and contracting business in Los stakeholder and provide immediate resources can reduce the risks associated on each project, testament to their strength and resources and Angeles to serve the growing city in its post– to work through complex design and budget manage change, control schedules, quality and the ability to build a successful Special Projects Gold Rush building boom. issues collaboratively, while establishing a safety and provide innovative solutions from team of experts with the comfort of having the Headquartered in San Francisco with smooth preconstruction process that creates a inception to delivery. resources of one of the largest most established 17 regional offices across the United States; high-quality and cost-effective project. This customer centric mind frame provides commercial contractors in California. today Swinerton’s ability to respond to each Another unique element to Swinerton’s a business model with a proven track record of project challenge, regardless of size, location local operation is their ability to self-perform majority projects being with a repeat client base. Veronika Bendl is Business Development Manager or complexity, is a hallmark of delivering suc- several trades to assist with budgetary, quality Statistically with a 75% repeat client portfolio, at Swinerton. Learn more about the company at cess to their clients. Swinerton’s clients enjoy and schedule concerns for their clients. With the Special Projects Division thrives on a happy swinerton.com. the convenience of a local team combined with the stability and resources of a $5 billion nationwide company. Swinerton’s dynamic Special Projects divi- sions tackle a wide range of projects, including complex renovations, tenant improvements, adaptive reuse, seismic retrofits, entertain- ment/studios, retail, hospitality renovations, storage and industrial. Swinerton’s project management, preconstruction, technology and design-build experts provide the best in class resources and the capability to deliver their clients the most efficient, cost conscious and 100 Wilshire Plaza & Cornerstone OnDemand Corgan Architects timely projects. Lobby Renovation Tenant Improvement Relocation Project Swinerton is unique from most general con-
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General Contractors’ Honest Customer Service Leads to Staying Power
ore than 25 years ago, a Southern know that by doing a good job for you today, California guy and an Irishman started a you will be their customer for life. Their philos- Mgeneral contracting business. They had ophy is simple. Parker Brown bases its relation- been in business just a short time when their ships on trust and integrity. This is what good, business found its defining moment. honest customer service is all about. After the Northridge earthquake in January Parker Brown, Inc.: 1994, some general contractors – seeing the • Provides trustworthy and detailed cost increased demand – raised their rates drastically. estimates that assist the client in the bidding “We got some advice,” said John Parker, process. co-founder of Parker Brown, Inc., “from a guy • Knows their clients are eager to occupy we trusted. He said, ‘Keep your rates the same. their new office or building, so it schedules proj- Customers will know it and appreciate it, and ects on the client’s timeline. they will always come back to you.’” • Stays informed of ongoing changes with That was great advice they followed. “And government regulatory departments ensuring today we still have some of those customers we construction of safe structures that comply with first worked with back then,” said Scott Brown, all applicable codes, regulations and ordinances. co-founder of Parker Brown, Inc. • Has exceptional relationships with all You stay in business more than a quarter of of its sub-contractors to ensure incomparable a century because your work is on time, within quality of work. budget and high quality. Parker Brown, Inc., • Has a professional relationship with all started more than 25 years ago and has grown customers and tenants that produce teamwork steadily over the years for the simple reason that with long-term value and sustainability to all. our customers come back to them again and again. Nearly four out of five jobs are from repeat Gonzalo Pedroso, owner of GP Architec- customers. They work with Parker Brown, Inc., ture, said, “Excellence, integrity, reliability time and again because they deliver. and great to work with is what comes to mind “I have known Parker Brown since the late when I think of Parker Brown. They are a team ‘90s and I love working with them,” said Tom player that works hard to meet the demands of Dwyer, senior vice president at CBRE. “Their each project and focuses on delivering a superb sense of urgency, dedication, and ‘client comes product. With the complexities found in today’s first’ attitude is greatly appreciated. Most of all, construction projects knowing we can count on confident feeling. The team members operating I trust them and I’m confident my clients are in the contractor as a partner is priceless.” out of our offices in Canoga Park are experi- Information for this article was provided by good hands with them.” From the start of a project you begin with enced at what they do, love what they do, and Parker Brown, Inc. To learn more, visit Parker Brown is in it for the long haul. They the team at Parker Brown, Inc., there is a calm, have your complete satisfaction in mind. parkerbrowninc.com.
The Future is Bright for Hollywood’s Revitalization
ounded in Los Angeles in 1987, Bond while bringing a major retail focus to the inter- that are expected to continue into the new environment in America. Companies have Companies has been a national pioneer section, implementing a live-work-play envi- decade. Hollywood has become one of the been drawn to this creative campus not only Fin sustainability and the revitalization of ronment that later became one of the monikers city’s hottest office markets, drawing companies for its connection to nature, striking design overlooked communities through smart and of new urbanism. Sunset & Vine spurred bil- in the technology, healthcare and entertain- and collaborative environment, but also for its collaborative development. Bond Companies lions in new investment back into Hollywood. ment industries. proximity to companies like Netflix, which has newest projects in Hollywood and its For its work on the project, Bond Companies quickly established a strong office presence in immediate surrounding areas are no exception. was awarded the National Commercial Build- BACK TO THE FUTURE East Hollywood. This project has been nom- At a time when these neighborhoods were ers Council’s Best Mixed-Use Commercial/ From this growth has emerged opportu- inated for the Los Angeles Business Journal’s discounted by many developers, and certainly Residential Development, the Pacific Coast nities to bring notable architecture from the 2020 Commercial Real Estate Awards. before the establishment of the area’s Builders’ Best Apartment Project, the Holly- past into the future. Bond Companies latest opportunity zone designation, Bond saw the wood Arts Council’s Architectural Arts Award forward-thinking project – Second-Home Hol- OPPORTUNITY KNOCKS potential for community-oriented development and the Los Angeles Business Journal Award lywood – is a perfect example of this as it’s the Just west of Second Home Hollywood, Bond that would draw residents, retailers and for Residential Developer of the Year, among adaptive reuse of a building designed by Paul Companies has recently broken ground on business to this vibrant part of the city. others. Williams, FAIA, one of the West Coast’s most L.A.’s first opportunity zone project – Inspire Several other neighborhood projects influential mid-century architects and the first Hollywood – a $100 million, 200-unit mixed- ONCE UPON A TIME IN HOLLYWOOD… followed, including Sunset at St. Andrews, African-American Fellow of the American use building next to the Hollywood YMCA Take Bond Companies’ first project in the a multi-retailer shopping complex in East Institute of Architects (AIA). on Cassil Place. The project is also part of the area, Sunset & Vine, an adaptive reuse of the Hollywood; and 333B, a boutique multifamily Teaming with Klaff Realty, Bond brought city’s Transit-Oriented Communities (TOC) art deco building at 1555 Vine St., which orig- building in trendy Echo Park that was named in Selgas Cano Architects to collaborate program, which incentivizes development near inally housed the Merv Griffin Theater and one the 25 most popular apartments in 2019 by with LA’s Omgivning to design a world-class bus and train stations. With the TOC and ABC Radio when it was constructed in 1938. Apartmentguide.com. 333B brought new ener- campus and Swinerton to build it along with opportunity zone benefits, Bond Companies Bond worked collaboratively with the City gy and investment into bordering Filipinotown. London-based coworking firm Second Home will provide including 20 extremely low-in- of Los Angeles and the community to help Over time, these neighborhoods have to tenant the reimagined the Paul Williams come units helping to address the city’s severe change the zoning code to allow residential witnessed a transformation that has been building as the centerpiece for its Hollywood affordable housing crisis. In addition, an entire in a commercial zone. This was a significant embraced by the Los Angeles real estate and campus and stateside debut. Surrounding the floor and a half of parking will be available for accomplishment, as there were literally no business communities. Retailers, restaurants renovated Paul Williams building are 60 new patrons of the YMCA to help this important mixed-use residential developments in the City and other entertainment destinations have bungalows connected by meandering paths organization continue its great work in Holly- of Los Angeles prior to that point. flourished in places like Hollywood, East Holly- that traverse through nearly 6,500 trees and wood. By using bold innovative design, Bond wood, Echo Park and Filipinotown. Employers plants covering the 2-acre site making this the Companies created 300 apartments near jobs have taken note, resulting in an influx of jobs densest biophilic office campus in an urban For more information, visit bondcompanies.com.
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