¥ title
¥ phone
1 CBRE Group Inc. 355 S. Grand Ave., Suite 2700 Los Angeles 90071 cbre.com
17.0 1,100.0
4.2 16.1
0% 0%
Los Angeles 6/400 1906
Robert Peddicord Sr. Managing Director (213) 613-3333
2 Jones Lang LaSalle 515 S. Flower St., 13th Floor Los Angeles 90071 us.joneslanglasalle.com/losangeles
12.4 1,344.0
5.2 0.3
0 0
Chicago 5/200 1783
Michael Prabhu/Peter Belisle Regional Manager Managing Director (213) 239-6200
3 Lincoln Property Co. 915 Wilshire Blvd., Suite 2050 Los Angeles 90017 lpcsocal.com
9.0 N/A
0.0 1.8
25 N/A
Dallas 23/44 1965
David S. Binswanger Executive V.P., Southern California (213) 538-0900
4 Hines 444 S. Flower St., Suite 2100 Los Angeles 90071 hines.com
7.1 105.3
0.0 0.0
41 52
Houston 9/104 1957
Colin P. Shepherd/ Douglas H. Metzler Sr. V.P./Managing Director (213) 629-5200
5 PM Realty Group LP 18201 Von Karman, Suite 500 Irvine 92612 pmrg.com
6.2 135.0
0.0 0.4
0 1
Houston 6/200 1955
Mark Mattis Sr. Vice President (310) 215-1500
6 Transwestern 601 S. Figueroa St., Suite 2750 Los Angeles 90017 transwestern.net
5.6 114.0
0.0 3.0
0 0
Houston 2/33 1978
David W. Rock Managing Senior Vice President (213) 624-5700
7 IDS Real Estate Group 515 S. Figueroa St., 16th Floor Los Angeles 90071 idsrealestate.com
5.4 6.6
0.6 6.2
0 0
Los Angeles 5/9 1986
David G. Mgrublian/ Murad Siam CEOs (213) 362-9300
8 Charles Dunn Real Estate Services Inc. 800 W. Sixth St., Suite 600 Los Angeles 90017 charlesdunn.com
4.7 5.7
4.4 8.8
0 0
Los Angeles 2/5 1921
Patrick J. Conn President, Property Management (213) 683-0500
9 Cushman & Wakefield 601 S. Figueroa, Suite 4700 Los Angeles 90071 cushwake.com
4.6 N/A
0.2 5.8
0 0
New York 14/253 1917
Mary A. Marx Senior Managing Director (213) 955-5100
10 Morlin Asset Management LP 701 N. Brand Blvd., Suite 810 Glendale 91203 morlinmgmt.com
4.2 4.5
0.4 1.7
0 0
Los Angeles 4/4 1984
Jock A. Ebner President (213) 622-4442
11 R7 Real Estate Inc. 25500 Hawthorne Blvd., Suite 2250 Torrance 90505 r7re.com
4.1 4.1
0.2 5.5
0 0
Torrance 3/3 2010
Stan L. Yoshihara Chief Visionary Officer (310) 373-7200
12 Worthe Real Estate Group 100 Wilshire Blvd., Suite 1600 Santa Monica 90401 worthe.com
3.9 3.9
0.5 0.5
0 0
Santa Monica 10/10 1967
Jeffrey M. Worthe/ M. David Paul President/General Partner (310) 393-9653
13 Means Knaus Partners 707 Wilshire Blvd., Suite 4840 Los Angeles 90017 meansknaus.com
3.5 23.0
0.0 0.0
0 N/A
Houston 7/50 1981
Robert Nowak COO (213) 614-2300
14 Real Estate Group 1762 Westwood Blvd., Suite 400 Los Angeles 90024 tregcorp.com
2.9 3.1
0.3 0.6
0 0
Los Angeles 1/2 1998
15 Property Management Associates 6011 Bristol Parkway Culver City 90230 wemanageproperties.com
2.5 3.2
0.9 0.6
0 0
Culver City 1/1 1991
Thomas Spear CEO (323) 295-2000
16 Newmark Grubb Knight Frank 445 S. Figueroa St., Suite 3300 Los Angeles 90071 ngkf.com
2.1 N/A
0.7 0.0
0 0
New York 4/119 1958
Caroline Kase Associate V.P., Senior Portfolio Manager (213) 596-2222
17 RiverRock Real Estate Group Inc. 100 Bayview Circle, Suite 2600 Newport Beach 92660 riverrockreg.com
1.6 7.3
0.5 1.1
N/A N/A
John Combs Principal (714) 689-1440
18 Moss & Co. Property Management 15300 Ventura Blvd., Suite 405 Sherman Oaks 91403 mosscompany.com
0.8 0.8
0.4 0.6
30 30
Sherman Oaks 1/1 1960
Cindy Gray President, Partner (818) 990-5999
1 In millions. 2 In L.A. County in millions of square feet. N/A - Not Available Note: The information on this list was provided by representatives of the companies themselves. Property managers are ranked by the total amount of office space under management in L.A. County and firmwide, respectively. Firms that own more than 50 percent of the property that they manage in L.A. County are not included on the list. To the best of our knowledge, this information is accurate as of press time. While
every effort is made to ensure the accuracy and thoroughness of the list, omissions and typographical errors sometimes occur. Please send corrections or additions on company letterhead to the Research Department, Los Angeles Business Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles 90036. ©2013 Los Angeles Business Journal. This list may not be reprinted in whole or in part without prior written permission from the editor. Reprints are available from the YGS Group, (800) 290-5460 ext. 100.
Researched by David Nusbaum
16 LOS ANGELES BUSINESS JOURNAL JANUARY 14, 2013
THE PACESETTER: CBRE Group Inc. is the largest third-party office property man- ager in L.A. County. The company has 17 million square feet of office space under management locally. In addition to office space, the firm man- ages an additional 4.2 million square feet of retail space and 16.1 million square feet of indus- trial space combined, making it the largest property manager in the county.
1
THE LIST Ranked by office square footage managed in L.A. County
offIce ProPerTy managemenT fIrmS nexT week The Largest Commercial Real Estate Developers in L.A. County
Location Dollars Third quarter average asking rents by submarket for Class A office property.
Space Fillers Third quarter vacancy rates for office propertied by market segment.
Westside $3.73 Downtown 3.15 Tri-Cities 2.86 Hollywood 2.78 Santa Clarita Valley 2.42 South Bay 2.27
Property Managers Charts
Pie Chart Managed Costs Expenses for commercial building operations. 24% 25 26 13 12 Utilities Janitorial Taxes Administrative Insurance Source: Institute of Real Estate Management Location Dollars Third quarter average asking rents by submarket for Class A office property. $3.73 3.15 2.86 2.78 2.42 2.27 2.22 2.21 2.18 Westside Downtown Tri-Cities Hollywood Santa Clarita Valley South Bay San Gabriel Valley Wilshire Corridor San Fernando Valley
Space Fillers Third quarter vacancy rates for office properties by market segment. 22.1% 21.4 20.2 18.9 17.8 17.5 17 16.6 13.7 Hollywood Santa Clarita Valley South Bay Wilshire Corridor Downtown Tri-Cities Westside San Fernando Valley San Gabriel Valley Source: Jones Lang LaSalle
Retail:
Industrial Property:
Dollars and Cents Third quarter average asking rents by submarket for industrial property. $0.50 0.47 0.55 0.42 0.55 Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Warehouse Watch Vacancy rates for industrial properties by market segment. 4.6% 5.0 5.0 5.5 5.5 Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Source: Jones Lang LaSalle
Regional Malls $4.15 Lifestyle Centers 3.02 Power Centers 2.87 Neighborhood Ctrs. 2.33 Single Tenant Bldgs. 2.05 Strip Malls 1.60
Hollywood 22.1% Santa Clarita Valley 21.4 South Bay 20.2 Wilshire Corridor 18.9 Downtown 17.8 Tri-Cities 17.5
Strip Malls 9.3% Neighborhood Ctrs. 7.9 Power Centers 7.5 Lifestyle Centers 5 Single Tenant Bldgs. 3.5 Regional Malls 3.2
Industrial Property:
Dollars and Cents Third quarter average asking rents by submarket for industrial prop- erty. $0.50 0.47 0.55 0.42 0.55 Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Warehouse Watch Vacancy rates for industrial proper- ties by market segment. 4.6% 5.0 5.0 5.5 5.5 Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Source: Jones Lang LaSalle
Central L.A. $0.50 Mid-Cities 0.47 North Los Angeles 0.55 San Gabriel Valley 0.42 South Bay 0.55
Central L.A. 4.6% Mid-Cities 5.0 North Los Angeles 5.0 San Gabriel Valley 5.5 South Bay 5.5
Location Dollars Third quarter average asking rents by submarket for Class A office property.
Space Fillers Third quarter vacancy rates for office propertied by market segment.
Westside $3.73 Downtown 3.15 Tri-Cities 2.86 Hollywood 2.78 Santa Clarita Valley 2.42 South Bay 2.27
Property Managers Charts
Pie Chart Managed Costs Expenses for commercial building operations. 24% 25 26 13 12 Utilities Janitorial Taxes Administrative Insurance Source: Institute of Real Estate Management Location Dollars Third quarter average asking rents by submarket for Class A office property. $3.73 3.15 2.86 2.78 2.42 2.27 2.22 2.21 2.18 Westside Downtown Tri-Cities Hollywood Santa Clarita Valley South Bay San Gabriel Valley Wilshire Corridor San Fernando Valley
Space Fillers Third quarter vacancy rates for office properties by market segment. 22.1% 21.4 20.2 18.9 17.8 17.5 17 16.6 13.7 Hollywood Santa Clarita Valley South Bay Wilshire Corridor Downtown Tri-Cities Westside San Fernando Valley San Gabriel Valley Source: Jones Lang LaSalle
Retail:
Industrial Property:
Dollars and Cents Third quarter average asking rents by submarket for industrial property. $0.50 0.47 0.55 0.42 0.55 Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Warehouse Watch Vacancy rates for industrial properties by market segment. 4.6% 5.0 5.0 5.5 5.5 Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Source: Jones Lang LaSalle
Regional Malls $4.15 Lifestyle Centers 3.02 Power Centers 2.87 Neighborhood Ctrs. 2.33 Single Tenant Bldgs. 2.05 Strip Malls 1.60
Hollywood 22.1% Santa Clarita Valley 21.4 South Bay 20.2 Wilshire Corridor 18.9 Downtown 17.8 Tri-Cities 17.5
Strip Malls 9.3% Neighborhood Ctrs. 7.9 Power Centers 7.5 Lifestyle Centers 5 Single Tenant Bldgs. 3.5 Regional Malls 3.2
Industrial Property:
Dollars and Cents Third quarter average asking rents by submarket for industrial prop- erty. $0.50 0.47 0.55 0.42 0.55 Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Warehouse Watch Vacancy rates for industrial proper- ties by market segment. 4.6% 5.0 5.0 5.5 5.5 Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Source: Jones Lang LaSalle
Central L.A. $0.50 Mid-Cities 0.47 North Los Angeles 0.55 San Gabriel Valley 0.42 South Bay 0.55
Central L.A. 4.6% Mid-Cities 5.0 North Los Angeles 5.0 San Gabriel Valley 5.5 South Bay 5.5
Managed Costs Expensss for commercial building operations.
24% Utilities
25% Janitorial
12% Insurance
26% Taxes
13% Administrative
Location Dollars Third quarter average ask- ing rents by submarket for Class A office property.
Source : Institute of Real Estate Management
Source : Jones Lang LaSalle
JANUARY 14, 2013 the list LOS ANGELES BUSINESS JOURNAL 17
Come mingle, mix, and network with L.A.’s top hitters! You are invited to a celebration in honor of the top companies ranked in the Los Angeles Business Journal’s 2013 Book of Lists. Enjoy hors d’oeuvres and cocktails at the new and improved home of The Los Angeles Dodgers!
Cocktail Reception: Wednesday, January 30, 2013 6:00 to 8:00pm
The Stadium Club at Dodgers Stadium 1000 Elysian Park Los Angeles, CA 90012
PRESENTING SPONSOR:
East West Bank
Individual Tickets: $55
To RSVP for tickets please contact Jessica Ramey, Events Manager, at jramey@socalbusinessjournals.com
City of Industry
Rank Firm ¥ name
¥ title
¥ phone
19 LB Property Management 4730 Woodman Ave., Suite 200 Sherman Oaks 91423 lbprop.com
0.7 1.2
0.5 0.1
0% 0%
Gregg Bernstein CFO (818) 981-1802
20 Decron Properties Corp. 6222 Wilshire Blvd., Suite 400 Los Angeles 90048 decronproperties.com
0.7 0.9
0.7 0.0
50 50
Los Angeles 1/1 1988
21 Kutzer Co. 716 Mission St. South Pasadena 91030 kutzer.com
0.6 0.6
0.6 0.0
20 25
South Pasadena 1/1 1992
Pete Kutzer President (626) 441-9620
22 Garboard/Keelson Asset and Property Management 210 Whaler's Walk, Berth 31 San Pedro 90731 garboardkeelson.com
0.3 0.4
0.0 0.2
2 N/A
San Pedro 1/1 1990
Jack Boyt President (310) 833-8700
23 1st Commercial Realty Group Inc. 2009 Porterfield Way, Suite P Upland 91786 1st-comm.com
0.2 4.6
0.6 0.2
N/A N/A
Upland 3/12 1989
Michael Polley President (909) 946-6226
24 GM Properties 12300 E. Washington Blvd., Suite A Whittier 90606 gmpropertiesinc.com
0.2 0.2
0.2 2.5
0 0
Whittier 1/1 1963
Jason Jamison President (562) 696-0200
25 Ratner Property Management 8127 San Fernando Road Sun Valley 91352 ratnerpm.com
0.2 0.2
0.0 0.7
0 0
Sun Valley 2/2 1999
Shaya Stauber COO (818) 767-4750
1 In millions. 2 In L.A. County in millions of square feet. N/A - Not Available Note: The information on this list was provided by representatives of the companies themselves. Property managers are ranked by the total amount of office space under management in L.A. County and firmwide, respectively. Firms that own more than 50 percent of the property that they manage in L.A. County are not included on the
list. To the best of our knowledge, this information is accurate as of press time. While every effort is made to ensure the accuracy and thoroughness of the list, omissions and typographical errors sometimes occur. Please send corrections or additions on company letterhead to the Research Department, Los Angeles Business Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles 90036. ©2013 Los Angeles Business Journal. This list may not be reprinted in whole or in part without prior written permission from the editor. Reprints are available from the YGS Group, (800) 290-5460 ext. 100.
Researched by David Nusbaum
Location Dollars Third quarter average asking rents by submarket for Class A office property.
Space Fillers Third quarter vacancy rates for office propertied by market segment.
Westside $3.73 Downtown 3.15 Tri-Cities 2.86 Hollywood 2.78 Santa Clarita Valley 2.42 South Bay 2.27
Property Managers Charts
Pie Chart Managed Costs Expenses for commercial building operations. 24% 25 26 13 12 Utilities Janitorial Taxes Administrative Insurance Source: Institute of Real Estate Management Location Dollars Third quarter average asking rents by submarket for Class A office property. $3.73 3.15 2.86 2.78 2.42 2.27 2.22 2.21 2.18 Westside Downtown Tri-Cities Hollywood Santa Clarita Valley South Bay San Gabriel Valley Wilshire Corridor San Fernando Valley
Space Fillers Third quarter vacancy rates for office properties by market segment. 22.1% 21.4 20.2 18.9 17.8 17.5 17 16.6 13.7 Hollywood Santa Clarita Valley South Bay Wilshire Corridor Downtown Tri-Cities Westside San Fernando Valley San Gabriel Valley Source: Jones Lang LaSalle
Retail:
Industrial Property:
Dollars and Cents Third quarter average asking rents by submarket for industrial property. $0.50 0.47 0.55 0.42 0.55 Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Warehouse Watch Vacancy rates for industrial properties by market segment. 4.6% 5.0 5.0 5.5 5.5 Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Source: Jones Lang LaSalle
Regional Malls $4.15 Lifestyle Centers 3.02 Power Centers 2.87 Neighborhood Ctrs. 2.33 Single Tenant Bldgs. 2.05 Strip Malls 1.60
Hollywood 22.1% Santa Clarita Valley 21.4 South Bay 20.2 Wilshire Corridor 18.9 Downtown 17.8 Tri-Cities 17.5
Strip Malls 9.3% Neighborhood Ctrs. 7.9 Power Centers 7.5 Lifestyle Centers 5 Single Tenant Bldgs. 3.5 Regional Malls 3.2
Industrial Property:
Dollars and Cents Third quarter average asking rents by submarket for industrial prop- erty. $0.50 0.47 0.55 0.42 0.55 Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Warehouse Watch Vacancy rates for industrial proper- ties by market segment. 4.6% 5.0 5.0 5.5 5.5 Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Source: Jones Lang LaSalle
Central L.A. $0.50 Mid-Cities 0.47 North Los Angeles 0.55 San Gabriel Valley 0.42 South Bay 0.55
Central L.A. 4.6% Mid-Cities 5.0 North Los Angeles 5.0 San Gabriel Valley 5.5 South Bay 5.5
Space Fillers Third quarter vacancy rates for office properties by market segment.
Source : Jones Lang LaSalle