Commercial real estate brokerages: ranked by value of property sales and leases in 2002.EXECUTIVE SUMMARY THE county's 25 largest commercial real estate brokerages reported $26.5 billion in sales and leasing revenues in 2002, a 10.1 percent increase over the $24.1 billion logged the year earlier. Sales volume was driven by low interest rates. Nine brokerages reported that sales revenues increased by more than a quarter, with only five firms logging comparable gains in leasing. Marcus Marcus, in the Bible: see Mark, Saint. & Millichap, which only handles investment sales, vaulted 13 spots, to No. 3, by nearly doubling its volume to $2.1 billion in 2002. Along with the wider increase in activity, Chief Executive Harvey Harvey, city (1990 pop. 29,771), Cook co., NE Ill., a suburb S of Chicago; inc. 1895. Its manufactures include steel castings, metal products, chemicals, machinery, and electronic equipment. Harvey has an oil research center. The city was founded by Turlington W. Green cited a national expansion that helped import buyers to the L.A. market, as well as a significant increase in retail activity. No. 12 Madison Madison, cities, United States Madison. 1 City (1990 pop. 12,006), seat of Jefferson co., SE Ind., on the Ohio River; settled c.1806, inc. 1838. It is a port of entry and a tobacco marketing center. Partners more than doubled its deal volume in 2002, to $851.2 million, with 92 percent of overall revenues coming from sales. Six firms reported declines in deal volume. No. 4 Grubb & Ellis ELLIS - EuLisp LInda System. An object-oriented Linda system written for EuLisp. "Using Object-Oriented Mechanisms to Describe Linda", P. Broadbery <pab@maths.bath.ac.uk> et al, in Linda-Like Systems and Their Implementation, G. Wilson ed, U Edinburgh TR 91-13, 1991. Co. shed shed rural building used for agricultural pursuits. shed hands miscellaneous workers in a shearing shed at shearing time, i.e. persons other than the shearers, wool classers. a third of its sales and leases from the year previous, to $1.7 billion. THE PACESETTER CB RICHARD ELLIS CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. WITH close to a billion dollars more in deals than its closest competitor, CB Richard Ellis claims the title of largest commercial real estate brokerage BROKERAGE, contracts. The trade or occupation of a broker; the commissions paid to a broker for his services. in L.A. County. The firm did $3.3 billion worth of LA. County sales and leases in 2002, an increase of 6.3 percent over the previous year. Sales increased by 50 percent, to approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $2 billion, while leases slid by about one-fourth to $1.3 billion. Low interest rates and a preference to purchase helped fuel the market, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Executive Managing Director Lewis C. Home. "There is a strong desire to own," he said. "Even when rental RENTAL. A roll or list of the rents of an estate containing the description of the lands let, the names of the tenants, and other particulars connected with such estate. This is the same as rent roll, from which it is said to be corrupted. rates are more attractive, there are a number of occupiers who will still purchase because they know they aren't aren't Contraction of are not. See Usage Note at ain't. aren't are not aren't be going to move." Major deals for the year included the sale of the 220,000-square-foot First Financial Plaza For the hotel in New York City, see . Plaza (IPA /'plaθa/ or /'plasa/ in Encino for $47.3 million and Liberty Mutual Plaza in Glendale Glendale. 1 City (1990 pop. 148,134), Maricopa co., S central Ariz., adjacent to Phoenix; inc. 1910. It is located in a rich agricultural region irrigated by the Salt River project. Glendale has become one of the fastest-growing U.S. , sold to New York-based Delma Delma is a genus of lizards in the family Pygopodidae. Genus Delma
The company got even larger with the July July: see month. closing of its merger with No. 7 Insignia/ESG. With combined L.A. County deal volume of $4.7 billion, CB will substantially increase its lead in the local market as well as internationally. "CB has the strongest presence in L.A. and Insignia in·sig·ni·a also in·sig·ne n. pl. insignia or in·sig·ni·as 1. A badge of office, rank, membership, or nationality; an emblem. 2. A distinguishing sign. has the strongest presence in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ," said Home. "It's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have a match made in heaven."
Rank Company Value of Deals (1) Commercial
(Ranking in 2002) (millions) Brokers
* name * 2002/2001 * L.A. County
* address * 2002 leases/sales * nationwide
1 CB Richard Ellis (2) $3,270.9/$3,077.7 (2) 250
355 S. Grand Ave., $1,319.4/$1,951.5 3,900
Suite 3100
Los Angeles 90071
2 Cushman & Wakefield (3) 2,300/2,000 80
601 S. Figueroa St., 1,300/1,000 1,434
47th Floor
Los Angeles 90017
3 Marcus & Millichap (16) 2,140/1,140 (3) 99
16830 Ventura Blvd., N/A/2,140 700
Suite 100
Encino 91436
4 NAI Capital 1,916.4/1,568.4 96
Commercial (4) 897.5/1,018.9 3,500
16001 Ventura Blvd.,
Second Floor
Encino 91436
5 Grubb & Ellis Co. (1) 1,675/2,550 (2) 121
1100 Glendon Ave., 665/1,010 1,000
Suite 900
Los Angeles 90024
6 Studley (6) 1,440/1,220 47
10960 Wilshire Blvd., 1,340/100 275
Suite 1700
Los Angeles 90024
7 Insignia/ESG (4) (12) 1,434.1/803.2 43
444 S. Flower St., 722.1/712 867
Suite 2400
Los Angeles 90071
8 CRESA Partners (10) 1,258/987 27
11726 San Vicente 1,126/132 685
Blvd., Suite 500
Los Angeles 90049
9 Beitler Commercial 1,176/1,057 71
Realty Services (8) 683/493 96
825 S. Barrington Ave.
Los Angeles 90049
10 Daum Commercial Real 1,135/1,140 73
Estate Services (7) 399/736 114
123 S. Figueroa St.,
Suite 400
Los Angeles 90012
11 RE/MAX Commercial (9) 1,072/1,000.5 305
52 Malaga Cove Plaza 107.2/964.8 2,011
Palos Verdes
Estates 90274
12 Colliers Seeley 1,010.7/1,432.2 88
International Inc. (5) 626.7/384 131
444 Flower St.,
Suite 2200
Los Angeles 90017
13 Madison Partners 851.2/382.9 (2) 6
12121 Wilshire Blvd., 71/780.2 same
Suite 959
Los Angeles 90025
14 Bailes & 832.2/711.6 12
Associates (15) 738.6/93.6 18
11601 Wilshire Blvd.,
Suite 1900
Los Angeles 90025
15 Lee & Associates (13) 799/779.5 90
15250 Ventura Blvd., 332.4/466.6 400
Suite 100
Sherman Oaks 91403
16 Sperry Van Ness (17) $618/$593 48
11999 San Vicente N/A/$618 330
Blvd., Suite 100
Los Angeles 90049
17 Charles Dunn 520.5/861.1 70
Co. Inc. (11) $250.4/270.1 101
800 W. Sixth St.,
Fifth Floor
Los Angeles 90017
18 Trammell Crow Co. (18) 499.7/533.9 42
970 W. 190th St., 378.6/121.1 WND
Suite 400
Torrance 90502
19 Secured Capital Corp. 466.1/429.3 WND
11150 Santa Monica N/A/466.1 WND
Blvd., Suite 1400
Los Angeles 90025
20 Jones Lang LaSalle (19) 455/422 15
355 S. Grand Ave., 90/365 WND
Suite 4280
Los Angeles 90071
21 The Klabin Co. CORFAC 454.7/364.8 21
Int'l (5) (20) 382/72.8 700
6601 Center Drive West,
Suite 300
Los Angeles 90045
22 Travers Realty ONCOR 349/201.2 18
Int'l. (23) 283.8/65.3 31
550 S. Hope St.,
Suite 2600
Los Angeles 90071
23 First Property 346/344 14
Realty Corp. (21) 184/162 same
350 S. Beverly Drive,
Suite 340
Beverly Hills 90212
24 Delphi Business 252/191.9 12
Properties Inc. (24) 128.6/123.4 same
7100 Hayvenhurst Ave.,
Suite 211
Van Nuys 91406
25 Lambert Smith 250/300 4
Hampton (22) N/A/250 same
9701 Wilshire Blvd.,
Suite 1200
Beverly Hills 90212
Rank Company Leasing Services
(Ranking in 2002) (partial list)
* name
* address
1 CB Richard Ellis (2) office, retail, industrial,
355 S. Grand Ave., tenant/landlord rep, corporate
Suite 3100 services, lease administration
Los Angeles 90071
2 Cushman & Wakefield (3) office, industrial, tenant/landlord
601 S. Figueroa St., rep, corporate services,
47th Floor lease administration, valuation
Los Angeles 90017
3 Marcus & Millichap (16) N/A
16830 Ventura Blvd.,
Suite 100
Encino 91436
4 NAI Capital office, retail, industrial,
Commercial (4) tenant/landlord rep, corporate
16001 Ventura Blvd., services, lease administration,
Second Floor ground
Encino 91436
5 Grubb & Ellis Co. (1) office, retail, industrial,
1100 Glendon Ave., tenant/landlord rep, corporate
Suite 900 services, lease administration
Los Angeles 90024
6 Studley (6) office, industrial, tenant rep,
10960 Wilshire Blvd., corporate services, strategic
Suite 1700 planning, project management
Los Angeles 90024
7 Insignia/ESG (4) (12) office, retail, industrial,
444 S. Flower St., tenant/landlord rep, corporate
Suite 2400 services, lease administration
Los Angeles 90071
8 CRESA Partners (10) office, industrial, tenant rep,
11726 San Vicente corporate services, lease
Blvd., Suite 500 administration, capital markets,
Los Angeles 90049 corporate dispositions
9 Beitler Commercial office, retail, industrial,
Realty Services (8) tenant/landlord rep, corporate
825 S. Barrington Ave. services, lease administration
Los Angeles 90049
10 Daum Commercial Real office, retail, industrial,
Estate Services (7) tenant/landlord rep, corporate
123 S. Figueroa St., services, lease administration
Suite 400
Los Angeles 90012
11 RE/MAX Commercial (9) office, retail, industrial,
52 Malaga Cove Plaza tenant/landlord rep, corporate
Palos Verdes services, lease administration
Estates 90274
12 Colliers Seeley office, retail, industrial,
International Inc. (5) tenant/landlord rep, corporate
444 Flower St., services, lease administration
Suite 2200
Los Angeles 90017
13 Madison Partners office, retail, tenant/landlord rep
12121 Wilshire Blvd.,
Suite 959
Los Angeles 90025
14 Bailes & office, industrial, tenant rep
Associates (15)
11601 Wilshire Blvd.,
Suite 1900
Los Angeles 90025
15 Lee & Associates (13) office, retail, industrial,
15250 Ventura Blvd., tenant/landlord rep
Suite 100
Sherman Oaks 91403
16 Sperry Van Ness (17) N/A
11999 San Vicente
Blvd., Suite 100
Los Angeles 90049
17 Charles Dunn office, retail, industrial,
Co. Inc. (11) tenant/landlord rep, corporate
800 W. Sixth St., services, lease administration
Fifth Floor
Los Angeles 90017
18 Trammell Crow Co. (18) office, retail, industrial,
970 W. 190th St., tenant/landlord rep, corporate
Suite 400 services, lease administration
Torrance 90502
19 Secured Capital Corp. N/A
11150 Santa Monica
Blvd., Suite 1400
Los Angeles 90025
20 Jones Lang LaSalle (19) office, retail, industrial,
355 S. Grand Ave., tenant/landlord rep, corporate
Suite 4280 services, lease administration,
Los Angeles 90071 project management
21 The Klabin Co. CORFAC office, industrial,
Int'l (5) (20) tenant/landlord rep,
6601 Center Drive West, corporate services
Suite 300
Los Angeles 90045
22 Travers Realty ONCOR office, retail, industrial, tenant
Int'l. (23) rep, corporate services, lease
550 S. Hope St., administration, strategic consulting
Suite 2600
Los Angeles 90071
23 First Property office, retail, industrial,
Realty Corp. (21) tenant/landlord rep,
350 S. Beverly Drive, corporate services, medical leasing
Suite 340
Beverly Hills 90212
24 Delphi Business office, industrial, tenant/landlord
Properties Inc. (24) rep, corporate services
7100 Hayvenhurst Ave.,
Suite 211
Van Nuys 91406
25 Lambert Smith N/A
Hampton (22)
9701 Wilshire Blvd.,
Suite 1200
Beverly Hills 90212
Rank Company Sales Services
(Ranking in 2002) (partial list)
* name
* address
1 CB Richard Ellis (2) office, retail, industrial, land,
355 S. Grand Ave., apartment, hospitality, residential
Suite 3100 income, investment property
Los Angeles 90071 acquisition/disposition
2 Cushman & Wakefield (3) office, retail, industrial, land,
601 S. Figueroa St., apartment, investment property
47th Floor acquisition/disposition
Los Angeles 90017
3 Marcus & Millichap (16) office, retail, industrial, land,
16830 Ventura Blvd., tenant/landlord rep, residential
Suite 100 income, investment property
Encino 91436 acquisition/disposition
4 NAI Capital office, retail, industrial, land,
Commercial (4) apartment, hospitality, residential
16001 Ventura Blvd., income, investment property
Second Floor acquisition/disposition
Encino 91436
5 Grubb & Ellis Co. (1) office, retail, industrial, land,
1100 Glendon Ave., apartment, hospitality, residential
Suite 900 income, investment property
Los Angeles 90024 acquisition/disposition
6 Studley (6) office, industrial, land
10960 Wilshire Blvd.,
Suite 1700
Los Angeles 90024
7 Insignia/ESG (4) (12) office, retail, industrial, land,
444 S. Flower St., apartment, hospitality, residential
Suite 2400 income, investment property
Los Angeles 90071 acquisition/disposition
8 CRESA Partners (10) office, industrial, land,
11726 San Vicente capital markets advisory,
Blvd., Suite 500 project management
Los Angeles 90049
9 Beitler Commercial office, retail, industrial, land,
Realty Services (8) apartment, hospitality, residential
825 S. Barrington Ave. income, investment property
Los Angeles 90049 acquisition/disposition
10 Daum Commercial Real office, retail, industrial, land,
Estate Services (7) apartment, hospitality, residential
123 S. Figueroa St., income, investment property
Suite 400 acquisition/disposition
Los Angeles 90012
11 RE/MAX Commercial (9) office, retail, industrial, land,
52 Malaga Cove Plaza apartment, hospitality, residential
Palos Verdes income, investment property
Estates 90274 acquisition/disposition
12 Colliers Seeley office, retail, industrial, land,
International Inc. (5) apartment, investment property
444 Flower St., acquisition/disposition,
Suite 2200 structured financial
Los Angeles 90017
13 Madison Partners office, retail, industrial, land,
12121 Wilshire Blvd., apartment, hospitality, investment
Suite 959 property acquisition/disposition
Los Angeles 90025
14 Bailes & office, retail, industrial
Associates (15)
11601 Wilshire Blvd.,
Suite 1900
Los Angeles 90025
15 Lee & Associates (13) office, retail, industrial, land,
15250 Ventura Blvd., apartment, investment property
Suite 100 acquisition/disposition
Sherman Oaks 91403
16 Sperry Van Ness (17) office, retail, industrial, land,
11999 San Vicente apartment, hospitality, residential
Blvd., Suite 100 income, investment property
Los Angeles 90049 acquisition/disposition,
accelerated marketing
17 Charles Dunn office, retail, industrial, land,
Co. Inc. (11) apartment, residential income,
800 W. Sixth St., investment property
Fifth Floor acquisition/disposition
Los Angeles 90017
18 Trammell Crow Co. (18) office, retail, industrial, land
970 W. 190th St.,
Suite 400
Torrance 90502
19 Secured Capital Corp. office, retail, industrial, land,
11150 Santa Monica apartment, hospitality, investment
Blvd., Suite 1400 property acquisition/disposition
Los Angeles 90025
20 Jones Lang LaSalle (19) office, retail, industrial, land,
355 S. Grand Ave., hospitality, investment property
Suite 4280 acquisition/disposition
Los Angeles 90071
21 The Klabin Co. CORFAC office, industrial, land, investment
Int'l (5) (20) property acquisition/disposition
6601 Center Drive West,
Suite 300
Los Angeles 90045
22 Travers Realty ONCOR office, retail, industrial, land,
Int'l. (23) apartment, investment property
550 S. Hope St., acquisition/disposition
Suite 2600
Los Angeles 90071
23 First Property office, retail, industrial, land,
Realty Corp. (21) apartment, hospitality, residential
350 S. Beverly Drive, income, investment property
Suite 340 acquisition/disposition, financing,
Beverly Hills 90212 consulting
24 Delphi Business office, industrial, land, investment
Properties Inc. (24) property acquisition/disposition
7100 Hayvenhurst Ave.,
Suite 211
Van Nuys 91406
25 Lambert Smith land, apartment
Hampton (22)
9701 Wilshire Blvd.,
Suite 1200
Beverly Hills 90212
Rank Company Profile Top Local
(Ranking in 2002) * offices Executive
* name (county/total) * name
* address * headquarters * title
* year founded * phone
1 CB Richard Ellis (2) 9/250 Lewis C. Home
355 S. Grand Ave., Los Angeles executive managing
Suite 3100 1906 director
Los Angeles 90071 (213) 613-3333
2 Cushman & Wakefield (3) 4/163 Joe Vargas
601 S. Figueroa St., New York managing director
47th Floor 1917 (213) 955-5100
Los Angeles 90017
3 Marcus & Millichap (16) 2134 Harvey E. Green
16830 Ventura Blvd., Encino ceo, president
Suite 100 1980 (818) 907-0600
Encino 91436
4 NAI Capital 6/270 Michael A. Zugsmith
Commercial (4) Encino chairman
16001 Ventura Blvd., 1979 (818) 905-2400
Second Floor
Encino 91436
5 Grubb & Ellis Co. (1) 5/91 Jim Kruse
1100 Glendon Ave., Northbrook, exec. v.p.,
Suite 900 Ill. area manager
Los Angeles 90024 1958 (310) 477-3800
6 Studley (6) 2/16 Dudley/Sullivan/
10960 Wilshire Blvd., New York Schuman
Suite 1700 1954 co-regional managers
Los Angeles 90024 (310) 444-1000
7 Insignia/ESG (4) (12) 5/54 Lewis C. Horne
444 S. Flower St., New York executive managing
Suite 2400 1990 director
Los Angeles 90071 (213) 593-1300
8 CRESA Partners (10) 2146 Gerald A. Porter
11726 San Vicente New York vice chairman
Blvd., Suite 500 1983 (310) 207-1700
Los Angeles 90049
9 Beitler Commercial 4/6 Barry Beitler
Realty Services (8) Los Angeles president
825 S. Barrington Ave. 1979 (310) 820-2955
Los Angeles 90049
10 Daum Commercial Real 6/10 Michael Nubel
Estate Services (7) Los Angeles ceo, president
123 S. Figueroa St., 1904 (213) 625-3286
Suite 400
Los Angeles 90012
11 RE/MAX Commercial (9) 96/334 Richard Purvis
52 Malaga Cove Plaza Palos Verdes regional director
Palos Verdes Estates (800) 227-3629
Estates 90274 1982
12 Colliers Seeley 7/12 Jeffrey E.
International Inc. (5) Los Angeles Scheferman
444 Flower St., 1908 ceo, president
Suite 2200 (213) 627-1214
Los Angeles 90017
13 Madison Partners 1/same Bob Safai
12121 Wilshire Blvd., Los Angeles president
Suite 959 1996 (310) 820-5959
Los Angeles 90025
14 Bailes & 1/2 Leonard Bailes
Associates (15) Los Angeles president
11601 Wilshire Blvd., 1981 (310) 445-4300
Suite 1900
Los Angeles 90025
15 Lee & Associates (13) 5/20 Steve Jehorek
15250 Ventura Blvd., Industry president
Suite 100 1979 (818) 986-9800
Sherman Oaks 91403
16 Sperry Van Ness (17) 4/60 David Rich
11999 San Vicente Irvine senior managing
Blvd., Suite 100 1987 director
Los Angeles 90049 (310) 979-0800
17 Charles Dunn 8/12 Jay Haskell
Co. Inc. (11) Los Angeles vice chairman
800 W. Sixth St., 1921 (213) 481-1800
Fifth Floor
Los Angeles 90017
18 Trammell Crow Co. (18) 5/190 Robert N. Ruth
970 W. 190th St., Dallas senior managing
Suite 400 1972 director
Torrance 90502 (877) GO-4-CROW
19 Secured Capital Corp. 1/6 D. Michael Van
11150 Santa Monica Los Angeles Konynenburg
Blvd., Suite 1400 1990 ceo, president
Los Angeles 90025 (310) 477-9600
20 Jones Lang LaSalle (19) 1/WND Douglas Sharp
355 S. Grand Ave., Chicago managing director
Suite 4280 1982 (213) 680-7900
Los Angeles 90071
21 The Klabin Co. CORFAC 2/55 David A. Prior
Int'l (5) (20) Los Angeles president
6601 Center Drive West, 1961 (310) 337-7000
Suite 300
Los Angeles 90045
22 Travers Realty ONCOR 1/3 James A. Travers
Int'l. (23) Los Angeles president
550 S. Hope St., 1978 (213) 683-1500
Suite 2600
Los Angeles 90071
23 First Property 1/same Jeffrey E. Resnick
Realty Corp. (21) Beverly Hills president
350 S. Beverly Drive, 1990 (310) 789-1900
Suite 340
Beverly Hills 90212
24 Delphi Business 1/same Ross W. Thomas
Properties Inc. (24) Van Nuys ceo
7100 Hayvenhurst Ave., 1978 (818) 780-7878
Suite 211
Van Nuys 91406
25 Lambert Smith 1/3 Sonny H. Astani
Hampton (22) Beverly Hills ceo
9701 Wilshire Blvd., 1812 (6) (310) 273-2999
Suite 1200
Beverly Hills 90212
N/A - Not Applicable
WND - Would Not Disclose
(1) In Los Angeles County.
(2) Revised 2001 figures.
(3) Revised 2001 figures to reflect all L.A. County sales.
(4) Acquired by CB Richard Ellis in July.
(5) Name change and number of brokers and offices reflects
affiliation with CORFAC International.
(6) In the United Kingdom.
Note: The information on this list was provided by representatives
of the brokerages themselves. Brokerages are ranked by the value
of their 2002 commercial sales and leases in L.A. County. Companies
were asked to include only the value of their portion of the deals.
Thus, if a brokerage represented only the buyer in a $100 million
deal, the brokerage can include only $50 million as the value of
its transaction for the list. Coldwell Banker Commercial, No. 14
last year, may have qualified but failed to submit data.
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,
5710 Wilshire Blvd., Suite 170, Los Angeles 90036. [c] 2003 This
list may not be reprinted in whole or in part without prior written
permission from the editor. Reprints are available from Wright's
Reprints, (877) 652-5295.
Researched by Nicole Taylor
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