Commercial real estate developers: ranked by commercial square footage developed and completed in L.A. county.EXECUTIVE SUMMARY THE 25 largest commercial real estate developers in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County added 10 million square feet, or 4.4 percent, to their portfolios in 2003, for a total 241.8 million square feet on 1,170 projects. Square footage under construction held steady at just under 9.1 million square feet compared to the year earlier. There was little movement among the Top 10 developers, with J.H. Snyder Snyder, city (1990 pop. 12,195), seat of Scurry co., NW Tex., in a prairie and mesquite region; inc. 1907. Oil production is the city's main industry; natural gas is also refined and processed. Co. and Koll KOLL is a commercial-free radio station located in Lonoke, Arkansas, broadcasting to the Little Rock, Arkansas area on 106.3 FM. KOLL airs a Kids format branded as "Nick 106.3". Development Co. trading places as Nos. 9 and 10, respectively. Snyder added 980,000 square feet in 2003 on two projects, Koll reported no new projects completed in the county. No. 2 Trammell Crow F. Trammell Crow (born June 11, 1914, in Dallas, Texas) is an American property developer who created several famous projects, including Dallas Market Center, Peachtree Center (Atlanta, Georgia), and San Francisco's Embarcadero Center. Co. developed the greatest square footage during 2003, adding 3.6 million square feet in nine projects, to 32.5 million square feet developed in L.A. Two other companies added in excess of 1 million square feet: No. 8 Carson Carson, city (1990 pop. 83,995), Los Angeles co., S Calif., an industrial and residential suburb of Los Angeles; inc. 1968. Oil refining is the major industry; fabricated metals, paper, and other products are manufactured. The California State Univ. Dominguez Hills is there. Estate Trust (1.2 million square feet in six projects) and Woodland Hills-based NewMark Merrill Mer·rill , James 1926-1995. American poet whose works include Divine Comedies (1976), which won a Pulitzer Prize. Cos. (1.1 million square feet in seven projects). THE TRENDS [GRAPHICS OMITTED] THE PACESETTER MAJESTIC REALTY realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. CO. MAJESTIC Realty Co. made it a baker's dozen thirteen. thirteen; - called also a long dozen ltname>. See also: Baker Dozen , topping the list of largest commercial real estate developers in Los Angeles County for the 13th consecutive year. The City of Industry-based developer added 455,000 square feet in three projects in 2003, bringing its total to 41.8 million square feet over 311 projects since its inception INCEPTION. The commencement; the beginning. In making a will, for example, the writing is its inception. 3 Co. 31 b; Plowd. 343. Vide Consummation; Progression. in 1948. Majestic's focus is on industrial master planned business parks, which comprise To embrace, cover, or include; to confine within; to consist of. In the law governing patents—grants of an exclusive right or privilege to make, use, or sell an invention or product for a term of years—the term comprise 90 percent of its portfolio. In Los Angeles County, the 400-acre Grand Crossing industrial park in City of Industry continues to be its largest project, where the developer completed a 325,000-square-foot building in 2003. That leaves more than two-thirds of the overall 6.5 million square feet to develop, 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. Fran Inman Inman is a surname, and may refer to:
On the retail side, Majestic completed The Village, a 15-acre shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into in Walnut walnut, common name for some members of the Juglandaceae, a family of chiefly deciduous, resinous trees characterized by large and aromatic compound leaves. Species of the walnut family are indigenous mostly to the north temperate zone, but also range from Central . Opened in November November: see month. , the 130,000-square-foot retail center is fully leased, anchored by Staples staples U-shaped stainless steel or vitallium units with sharp points used for surgical fixation. epiphyseal staples used to staple epiphysis to metaphysis; have metal bracing at the corners. , TJ Maxx and HomeGoods HomeGoods is a chain of home furnishing stores operated by TJX Companies and has 270 stores across the US as of February 2007. HomeGoods operates the home furnishings sections of T.J. Maxx 'n More and Marshalls Mega Store stores. . Majestic's pace of development has slowed over the past couple of years, but Inman is optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op . "We're we're Contraction of we are. we're we are concerned with (things in) the general business climate of California California's climate changes varies widely, from arid to subarctic, depending on latitude, elevation, and proximity to the coast. Some of the state has a Mediterranean climate, with rainy winters and dry summers. but think the signs are encouraging," said Inman. "We are always growing and will continue that strategy." This year, another 925,000 square feet of industrial space is being developed at Grand Crossing, along with a 54,000-square-foot office building in the City of Commerce. Majestic will be opening its fifth office, in Dallas Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. , by the end of the first quarter.
Rank Company (Ranking in 2003) L.A.County Current L.A.
* name Projects County
* address (sq. footage/ Projects (1)
no. of (sq. footage/
projects) no. of
* developed projects)
* owned * under
construction
* entitled
only, not yet
under
construction
1 Majestic Realty Co. (1) 41,777,775/311 454,000/2
13191 Crossroads Parkway 32,386,375/262 4,475,300/30
North, Sixth Floor
City of Industry 91746
2 Trammell Crow Co. (2) 32,534,312/69 817,335/1
3 Park Plaza, Suite 1600 8,900,000/12 1,130,000/2
Irvine 92614
3 Overton Moore Properties (3) 28,000,000/40 500,000/1
1125 W. 190th St., Suite 200 1,250,000/3 none/none
Gardena 90248
4 Maguire Properties (4) 18,200,000/16 none/none
555 W. Fifth St. 7,000,000/8 none/none
Los Angeles 90017
5 Legacy Partners Commercial 15,000,000/50 none/none
Inc. (5) 250,000/2 350,000/1
10 Universal City Plaza,
Suite 2000 Universal City
91608
6 Watson Land Co. (6) 12,000,000/110 1,874,320/2
22010 S. Wilmington Ave., 12,000,000/110 none/none
Suite 400 Carson 90745
7 Kilroy Realty Corp. (7) 10,085,000/14 none/none
12200 W. Olympic Blvd., 3,493,301/38 none/none
Suite 200 Los Angeles 90064
8 Carson Estate Trust (8) 9,540,000/74 1,081,000/4
18710 S. Wilmington Ave., 8,140,000/64 1,220,000/6
Suite 200 Rancho Dominguez
90220
9 J.H. Snyder Co. (10) 7,260,000/26 1,060,000/2
5757 Wilshire Blvd., 2,700,000/9 650,000/3
Penthouse 30 Los Angeles
90036
10 Koll Development Co. (9) 6,500,000/20 none/none
4125 Blackhawk Plaza Circle, none/none none/none
Suite 200 Danville 94506
11 Voit Development Co. (12) 5,333,814/21 315,000/2
21700 Oxnard St., Suite 350 1,166,420/7 280,000/1
Woodland Hills 91367
12 NewMark Merrill Cos. (18) 5,175,000/58 475,000/4
5850 Canoga Ave., Suite 650 3,425,000/37 none/none
Woodland Hills 91367
13 Mika Co. (11) 5,000,000/60 none/none
837 Traction Ave., Suite 400 2,000,000/25 125,000/2
Los Angeles 90013
14 Hines 4,558,000/7 none/none
601 S. Figueroa St., 2,057,070/4 2,400,000/2
Suite 2650 Los Angeles 90017
15 Newhall Land (14) 4,550,084/41 none/none
23823 W. Valencia Blvd. 1,758,895/11 1,572,000/7
Valencia 91355
16 Lowe Enterprises Inc. (15) 4,500,000/34 501,850/1
11777 San Vicente Blvd., 1,125,950/1 97,500/1
Suite 900 Los Angeles 90049
17 Transpacific Development 4,350,000/11 none/none
Co. (16) 804,000/4 165,000/1
2377 Crenshaw Blvd.,
Suite 300 Torrance 90501
18 Katell Properties LLC (17) 4,345,000/26 311,000/2
5318 E. Second St., Suite 1,539,000/14 none/none
506 Long Beach 90803
19 Vestar Development Co. (21) 3,800,000/10 none/none
7575 Carson Blvd. 2,500,000/8 none/none
Long Beach 90808
20 Samuelson and Fetter 3,740,000/32 165,000/1
LLC (19) 2,264,000/18 1,250,000/1
602 E. Huntington Drive,
Suite D Monrovia 91016
21 MJW Investments (22) 3,400,000/49 350,000/2
1640 Fifth St., Suite 112 2,500,000/30 400,000/2
Santa Monica 90401
22 Continental Development 3,200,000/30 none/none
Corp. (20) 2,800,000/33 none/none
2041 Rosecrans Ave., Suite
200 El Segundo 90245
23 AMB Property Corp. 3,085,000/5 1,000,000/1
Pier 1, Bay 1 15,362,018/40 1,277,000/3
San Francisco 94111
24 Agora Realty and Management 3,000,000/39 160,000/2
Inc. (23) 1,000,000/22 145,000/1
15206 Ventura Blvd., Suite
306 Sherman Oaks 91403
25 La Caze Development Co. (24) 2,850,000/17 none/none
2601 Airport Drive, Suite 1,750,000/6 450,000/2
300 Torrance 90505
Rank Company (Ranking in 2003) Current L.A. L.A. County
* name County Fee Work in
* address Renovations (1) Progress (2)
* sq. footage * sq. footage
* no. of * no. of
projects projects
1 Majestic Realty Co. (1) 621,600 none
13191 Crossroads Parkway 6 none
North, Sixth Floor
City of Industry 91746
2 Trammell Crow Co. (2) none 1,130,000
3 Park Plaza, Suite 1600 none 2
Irvine 92614
3 Overton Moore Properties (3) 500,000 none
1125 W. 190th St., Suite 200 2 none
Gardena 90248
4 Maguire Properties (4) none none
555 W. Fifth St. none none
Los Angeles 90017
5 Legacy Partners Commercial none 410,000
Inc. (5) none 2
10 Universal City Plaza,
Suite 2000 Universal City
91608
6 Watson Land Co. (6) none none
22010 S. Wilmington Ave., none none
Suite 400 Carson 90745
7 Kilroy Realty Corp. (7) 248,148 none
12200 W. Olympic Blvd., 1 none
Suite 200 Los Angeles 90064
8 Carson Estate Trust (8) none none
18710 S. Wilmington Ave., none none
Suite 200 Rancho Dominguez
90220
9 J.H. Snyder Co. (10) 100,000 none
5757 Wilshire Blvd., 1 none
Penthouse 30 Los Angeles
90036
10 Koll Development Co. (9) none none
4125 Blackhawk Plaza Circle, none none
Suite 200 Danville 94506
11 Voit Development Co. (12) none 200,000
21700 Oxnard St., Suite 350 none 1
Woodland Hills 91367
12 NewMark Merrill Cos. (18) 225,000 121,000
5850 Canoga Ave., Suite 650 1 1
Woodland Hills 91367
13 Mika Co. (11) 105 none
837 Traction Ave., Suite 400 2 none
Los Angeles 90013
14 Hines none 1,292,000
601 S. Figueroa St., none 3
Suite 2650 Los Angeles 90017
15 Newhall Land (14) 55,000 none
23823 W. Valencia Blvd. 1 none
Valencia 91355
16 Lowe Enterprises Inc. (15) 624,100 198,000
11777 San Vicente Blvd., 1 1
Suite 900 Los Angeles 90049
17 Transpacific Development none none
Co. (16) none none
2377 Crenshaw Blvd.,
Suite 300 Torrance 90501
18 Katell Properties LLC (17) none none
5318 E. Second St., Suite none none
506 Long Beach 90803
19 Vestar Development Co. (21) none none
7575 Carson Blvd. none none
Long Beach 90808
20 Samuelson and Fetter none none
LLC (19) none none
602 E. Huntington Drive,
Suite D Monrovia 91016
21 MJW Investments (22) 2,200,000 none
1640 Fifth St., Suite 112 3 none
Santa Monica 90401
22 Continental Development 375,000 none
Corp. (20) 9 none
2041 Rosecrans Ave., Suite
200 El Segundo 90245
23 AMB Property Corp. 347,000 none
Pier 1, Bay 1 1 none
San Francisco 94111
24 Agora Realty and Management 160,000 none
Inc. (23) 2 none
15206 Ventura Blvd., Suite
306 Sherman Oaks 91403
25 La Caze Development Co. (24) 200,000 none
2601 Airport Drive, Suite 1 none
300 Torrance 90505
Rank Company (Ranking in 2003) Profile
* name * headquarters
* address * year founded
* offices
(L.A. County/total)
1 Majestic Realty Co. (1) City of Industry
13191 Crossroads Parkway 1948
North, Sixth Floor 1/5
City of Industry 91746
2 Trammell Crow Co. (2) Dallas
3 Park Plaza, Suite 1600 1948
Irvine 92614 5/WND
3 Overton Moore Properties (3) Gardena
1125 W. 190th St., Suite 200 1972
Gardena 90248 1/same
4 Maguire Properties (4) Los Angeles
555 W. Fifth St. 1965
Los Angeles 90017 6/WND
5 Legacy Partners Commercial Foster City
Inc. (5) 1942
10 Universal City Plaza, 1/8
Suite 2000 Universal City
91608
6 Watson Land Co. (6) Carson
22010 S. Wilmington Ave., 1912
Suite 400 Carson 90745 1/same
7 Kilroy Realty Corp. (7) Los Angeles
12200 W. Olympic Blvd., 1947
Suite 200 Los Angeles 90064 4/8
8 Carson Estate Trust (8) Rancho Dominguez
18710 S. Wilmington Ave., 1914
Suite 200 Rancho Dominguez 1/same
90220
9 J.H. Snyder Co. (10) Los Angeles
5757 Wilshire Blvd., 1949
Penthouse 30 Los Angeles 1/same
90036
10 Koll Development Co. (9) Dallas
4125 Blackhawk Plaza Circle, 1963
Suite 200 Danville 94506 0/5
11 Voit Development Co. (12) Woodland Hills
21700 Oxnard St., Suite 350 1971
Woodland Hills 91367 1/3
12 NewMark Merrill Cos. (18) Woodland Hills
5850 Canoga Ave., Suite 650 1997
Woodland Hills 91367 3/7
13 Mika Co. (11) Los Angeles
837 Traction Ave., Suite 400 1973
Los Angeles 90013 1/same
14 Hines Houston
601 S. Figueroa St., 1957
Suite 2650 Los Angeles 90017 6/82
15 Newhall Land (14) Valencia
23823 W. Valencia Blvd. 1883
Valencia 91355 1/same
16 Lowe Enterprises Inc. (15) Los Angeles
11777 San Vicente Blvd., 1972
Suite 900 Los Angeles 90049 3/7
17 Transpacific Development Torrance
Co. (16) 1954
2377 Crenshaw Blvd., 2/4
Suite 300 Torrance 90501
18 Katell Properties LLC (17) Long Beach
5318 E. Second St., Suite 1976
506 Long Beach 90803 1/same
19 Vestar Development Co. (21) Phoenix
7575 Carson Blvd. 1989
Long Beach 90808 1/3
20 Samuelson and Fetter Monrovia
LLC (19) 1948
602 E. Huntington Drive, 2/5
Suite D Monrovia 91016
21 MJW Investments (22) Santa Monica
1640 Fifth St., Suite 112 1980
Santa Monica 90401 2/4
22 Continental Development El Segundo
Corp. (20) 1969
2041 Rosecrans Ave., Suite 2/same
200 El Segundo 90245
23 AMB Property Corp. San Francisco
Pier 1, Bay 1 1983
San Francisco 94111 0/3
24 Agora Realty and Management Sherman Oaks
Inc. (23) 1986
15206 Ventura Blvd., Suite 1/2
306 Sherman Oaks 91403
25 La Caze Development Co. (24) Torrance
2601 Airport Drive, Suite 1980
300 Torrance 90505 1/same
Rank Company (Ranking in 2003) Top Local Executive
* name * name
* address * title
* phone number
1 Majestic Realty Co. (1) Edward P. Roski Jr.
13191 Crossroads Parkway chairman, ceo
North, Sixth Floor (562) 692-9581
City of Industry 91746
2 Trammell Crow Co. (2) Thomas A. Bak
3 Park Plaza, Suite 1600 managing director
Irvine 92614 (949) 477-9122
3 Overton Moore Properties (3) S. Moore/T. Tecimer
1125 W. 190th St., Suite 200 ceo/president
Gardena 90248 (310) 323-9100
4 Maguire Properties (4) Robert F. Maguire III
555 W. Fifth St. chairman, co-ceo
Los Angeles 90017 (213) 626-3300
5 Legacy Partners Commercial Bill Shubin
Inc. (5) sr. v.p. develop./acquisition
10 Universal City Plaza, (949) 930-7844
Suite 2000 Universal City
91608
6 Watson Land Co. (6) Bruce A. Choate
22010 S. Wilmington Ave., ceo, president
Suite 400 Carson 90745 (310) 952-6400
7 Kilroy Realty Corp. (7) Justin Smart
12200 W. Olympic Blvd., sr. v.p. development
Suite 200 Los Angeles 90064 (310) 481-8400
8 Carson Estate Trust (8) James Flynn
18710 S. Wilmington Ave., president
Suite 200 Rancho Dominguez (310) 687-5000
90220
9 J.H. Snyder Co. (10) Snyder/Goldstein/Wise/Swimmer
5757 Wilshire Blvd., partners
Penthouse 30 Los Angeles (323) 857-5546
90036
10 Koll Development Co. (9) Michael Parker
4125 Blackhawk Plaza Circle, division president
Suite 200 Danville 94506 (925) 648-9650
11 Voit Development Co. (12) Tim Regan
21700 Oxnard St., Suite 350 v.p. development/acquisition
Woodland Hills 91367 (818) 593-6330
12 NewMark Merrill Cos. (18) S. Sigal/D. Frank
5850 Canoga Ave., Suite 650 ceo/president
Woodland Hills 91367 (818) 710-6100
13 Mika Co. (11) M. Kamen/S. Schwartz
837 Traction Ave., Suite 400 principals
Los Angeles 90013 (213) 680-1230
14 Hines C. Shepherd/D. Holte
601 S. Figueroa St., sr. vice presidents
Suite 2650 Los Angeles 90017 (213) 629-5200
15 Newhall Land (14) Gary Cusumano
23823 W. Valencia Blvd. ceo, president
Valencia 91355 (661) 255-4000
16 Lowe Enterprises Inc. (15) Robert J. Lowe
11777 San Vicente Blvd., chairman, ceo
Suite 900 Los Angeles 90049 (310) 820-6661
17 Transpacific Development Thomas G. Irish
Co. (16) president
2377 Crenshaw Blvd., (310) 618-3600
Suite 300 Torrance 90501
18 Katell Properties LLC (17) Gerald L. Katell
5318 E. Second St., Suite president
506 Long Beach 90803 (562) 987-0030
19 Vestar Development Co. (21) Rick Kuhle
7575 Carson Blvd. president
Long Beach 90808 (562) 938-1722
20 Samuelson and Fetter B. Fetter/R. Samuelson
LLC (19) principals
602 E. Huntington Drive, (626) 305-5530
Suite D Monrovia 91016
21 MJW Investments (22) Mark Weinstein
1640 Fifth St., Suite 112 president
Santa Monica 90401 (310) 395-3430
22 Continental Development Richard C. Lundquist
Corp. (20) president
2041 Rosecrans Ave., Suite (310) 640-1520
200 El Segundo 90245
23 AMB Property Corp. Martin Coyne
Pier 1, Bay 1 v.p., regional manager
San Francisco 94111 (415) 733-9539
24 Agora Realty and Management Cary Lefton
Inc. (23) ceo
15206 Ventura Blvd., Suite (818) 985-7100
306 Sherman Oaks 91403
25 La Caze Development Co. (24) Norman R. La Caze
2601 Airport Drive, Suite owner, principal
300 Torrance 90505 (310) 534-0411
WND - Would Not Disclose
(1) Projects/renovations in which developer has an equity stake.
(2) Fee work includes renovations, built-to-suits, speculative
developments and development management in which developer does not
have an equity stake.
Note: The information on this list was provided by representatives of
the companies themselves. Developers are asked to include only the
square footage that is rentable to tenants, not the gross square
footage of the are asked to include only the square footage that is
rentable to tenants, not the gross square footage of the entire
structures. The commercial development division of Insignia/ESG,
No. 13 last year, was dissolved upon the company's merger with CB
Richard Ellis in July 2003. 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. [c] 2004 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 Wright's
Reprints, (800) 494-9051.
Researched by Nicole Taylor
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