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CB Commercial dominates in first annual L.A. Brokers Awards.


CB Commercial's market domination, widespread multi-family investments and robust Century City leasing activity were among the recurring themes highlighting the L.A. Business Journal's first annual commercial real estate "L.A. Brokers Awards."

While participation in the inaugural program's survey was less than universal among L.A. County's brokers, the competition was clearly dominated by the nation's biggest business-property brokerage -- L.A.'s own CB Commercial Real Estate Group Inc.

Local CB brokers took 12 of the 25 recognition awards, including four of the five presented in both the retail and the industrial property categories.

Managing Partner Steve Soboroff Steve Soboroff (born August 31, 1948) is a real estate developer and president of Playa Vista. Mr. Soboroff is the Chairperson of the Leavey Center for the Study of Los Angeles at Loyola Marymount University.  of Santa Monica's Soboroff Partners took top honors in the retail field, closing $94 million worth of transactions in L.A. County between Oct. 1, 1993 and Sept. 30, 1994. Soboroff boasts prominent national retailers -- such as Circuit City, Office Depot Office Depot (NYSE: ODP) is one of the world's leading suppliers of office products and services. The Company's selection of brand name office supplies includes business machines, computers, computer software and office furniture, while its business services encompass copying,  and Oshman's Sporting Goods Noun 1. sporting goods - sports equipment sold as a commodity
commodity, trade good, good - articles of commerce

sports equipment - equipment needed to participate in a particular sport
 -- among his clientele.

But four CB retail specialists took the balance of the top five. They are Nelson Wheeler, Brad Talt, Ernest Brambila and Scott Manclark. And CB's Lew Horne, Doug Sonderegger, Ken Ashen ash·en 1  
adj.
1. Consisting of ashes.

2. Resembling ashes, especially in color; very pale: A face ashen with grief.
 and Frank Geraci placed Nos. 1, 2, 4 and 5, respectively, in the industrial property category. The Klabin Co.'s Todd Taugner finished third in the industrial field.

Two other nationally active brokerages claimed the top spots for L.A. County office tenant-rep brokers. L.A.-based Cushman Realty Corp.'s R. Todd Doney topped that prestigious list with $127 million worth of closed transactions.

And local tenant-rep brokers affiliated with New York-headquartered Julien J. Studley Inc. took two of that category's top five slots. Steve Walbridge was first runner-up with $113 million, while the Steve Bay-Clay Hammerstein team took fifth place with more than $72 million.

Metrospace Corp.'s Jerry Porter Jerry Porter can relate to more than one person:
  • Jerry Porter, A professional football player.
  • Jerry D. Porter, A General Superintendent of the Church of the Nazarene.
 -- who helped close nearly 680,000 square feet of Southland lease transactions during one week in October 1993 -- and CB's Hunt Barnett, placed third and fourth, respectively, in the office tenant-rep category.

Recent activity in the Century City sub-market generated significant honors in the office landlord-agent category, as a pair of prominent teams representing institutional landlords there took home the No. 1 and No. 5 honors.

The Premisys Real Estate Services team handling the signature twin Century Plaza Towers Century Plaza Towers are two 44-story, 571 feet tall twin towers located at 2029 and 2049 Century Park East in Century City in Los Angeles, California. The towers were completed in 1975 and designed by Minoru Yamasaki.  -- John Ollen and Scott Chalmers -- finished with a commanding grasp of first place, closing more than 700,000 square feet of relocation and renewal leases valued at about $160 million.

And the former JMB JMB Journal of Molecular Biology
JMB Jama'atul Mujahideen Bangladesh
JMB Jamaatul Mujahideen Bangladesh (Islamic terrorist group)
JMB Joint Matriculation Board
JMB Joint Maintenance Board
JMB Journal of Mathematical Behaviour
 Office Leasing Co. team -- Mark McCaslin, Cindy White and Carol Roth -- leased more than 500,000 square feet at the four Century City towers they represent, with transactions valued at $57.5 million. Their employer just became part of Heitman Properties Ltd. in the wake of the big JMB-Heitman merger.

The three owner-rep brokers that finished between the Century City teams were Jeffrey Woolf of Lee & Associates in Sherman Oaks -- one of the former Beitler Commercial Realty Services San Fernando Valley San Fernando Valley

Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills.
 brokers that switched over to Lee & Associates this year -- Bill Boyd of CB's Glendale office and Ron Heim of CB's San Gabriel Valley The San Gabriel Valley is one of the principal valleys of southern California. It lies to the east of the city of Los Angeles, to the north of the Puente Hills, to the south of the San Gabriel Mountains, and to the west of the Inland Empire.  office.

Specialists working L.A.'s multi-family property field took three of the top spots in the investment sales category. They are John Walsh and Robin Ossenbeck, both of Marcus & Millichap, and Lambert Smith Hampton's Shane Astani.

The top two slots in that category went to brokers who recently focused on federal RTC See real time clock.  and FDIC FDIC

See: Federal Deposit Insurance Corporation


FDIC

See Federal Deposit Insurance Corporation (FDIC).
 portfolio dispositions, and retail property investments, respectively.

The former is Marc Renard of big national brokerage Cushman & Wakefield Inc., who finished far ahead of his field by closing more than $116 million worth of transactions during the program period. The latter is CB's James Donnerstag, whose $80 million in closed deals reflects his emphasis on the attractive "single-tenant net-leased" investment specialty.
COPYRIGHT 1994 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:CB Commercial Real Estate Group Inc.
Author:Berton, Brad
Publication:Los Angeles Business Journal
Date:Dec 12, 1994
Words:623
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