Coldwell Banker Commercial REP's Spectacular Growth Necessitates Move to Larger Headquarters.Business Editors NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--March 22, 2004 Coldwell Banker Commercial(R) REP, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Real Estate Partners Inc., has outgrown its current headquarters and will be moving into its new 24,000+ square-foot facility in July. The new property, located at 2569 McCabe Way in Irvine, Calif., will house operations for Coldwell Banker Commercial REP as well as its parent, Real Estate Partners Inc. The property was purchased by RepFund 2569 McCabe LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , whose managing member is Real Estate Partners Inc. George Economos of NAI See Network Associates. Capital Commercial in Irvine, represented both the buyer and the seller. Real Estate Partners will master lease the property, initially occupying one-half of the available space. Extensive renovations are underway and include a new exterior, elevator, lobby, tenant improvements, landscaping and parking lot renovations. "Coldwell Banker Commercial REP has experienced tremendous growth over the past year," stated Dawson Davenport, president of Real Estate Partners Inc. "The company currently employs 24 agents and expects that number to grow to over 50 by the end of 2004, due to our aggressive agent compensation plan and state-of-the-art support systems. Our Real Property Services Group, which includes Property Management Services, Asset Management Services as well as Advisory Services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , is also rapidly expanding. Coupled with the aggressive growth of our customer base, these factors have necessitated the move to a larger facility to accommodate added capabilities, personnel and infrastructure. Our prestigious new headquarters, while establishing an undeniable visual representation of our recent success, will more importantly allow us to better serve our customers." The property will be offered as a leased investment to an investor or user/investor. Approximately 12,000 square feet will be available upon completion of renovations in July 2004. About Coldwell Banker Commercial REP Coldwell Banker Commercial REP has been serving the Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, area for many years and is renowned for its integrity, professionalism and customer service. With over 24 associates and an excellent support staff, Coldwell Banker Commercial REP has hundreds of years of combined experience years in real estate. The company's client list includes GE Capital, Lend Lease, Ford Motor Co., Samsung, DaimlerChrysler, Ralphs Grocery Co., Albertson's and many of the Fortune 500 companies. Trained in proprietary courses through Coldwell Banker University, the most comprehensive educational program in the industry, the company's professionals are empowered to provide their clients with expertise, dedication and up-to-the-minute market data. Coldwell Banker Commercial REP is an integral part of the Southern California business community, with offices in Newport Beach and Irvine. The company also sponsors Children's Hospital A children's hospital is a hospital which offers its services exclusively to children. The number of children's hospitals proliferated in the 20th century, as pediatric medical and surgical specialties separated from internal medicine and adult surgical specialties. of Orange County, The Susan G. Komen Breast Cancer Foundation, Habitat for Humanity Habitat for Humanity, nonprofit ecumenical Christian organization that enables low-income people to own affordable, livable housing. Headquartered in Americus, Ga., it was founded in 1976 by businessman Millard Fuller and his wife. , as well as other charities. For more information, call 877-844-4040 toll-free or visit www.cbcrepca.com. About Real Estate Partners Real Estate Partners Inc. is a privately held real estate investment services firm specializing in the acquisition, repositioning and management of under-performing properties. The company owns and operates Orange Coast Commercial Inc. DBA Coldwell Banker Commercial REP, providing access to a network of over 300 affiliate offices around the country with a 90-year history and an established reputation for high quality service. The principals and officers of Real Estate Partners are creative, experienced commercial real estate and real estate finance professionals who are dedicated to maximizing investor value through strategic acquisitions, key partnerships and a suite of management services. For more information, call 877-915-3297 toll-free or visit www.realestatepartnersinc.com. About Coldwell Banker Commercial Coldwell Banker Commercial(R) is a registered trademark licensed to Coldwell Banker Real Estate Corp. The Coldwell Banker Commercial system has more than 500 commercial real estate offices with more than 3,000 sales associates throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Europe, Africa, Asia and Australia. The Coldwell Banker Commercial system is an industry leader in providing commercial real estate solutions, serving the needs of tenants, landlords, sellers and buyers in the leasing, acquisition, disposition and management of all property types. Coldwell Banker Real Estate Corp. is a subsidiary of Cendant Corp. (NYSE NYSE See: New York Stock Exchange :CD). Each office is independently owned and operated except offices owned and operated by NRT NRT Nicotine Replacement Therapy NRT Norm-Referenced Test NRT near real time NRT Non-Real-Time NRT National Response Team NRT Tokyo, Japan - Narita (Airport Code) NRT Net Registered Tonnage Inc. |
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