Commercial real estate developers: ranked by commercial square footage developed in L.A. county.THE amount of space under construction by the 25 largest commercial developers in L.A. County fell to 7.3 million square feet, a decline of 4 million square feet compared to the previous year. 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., No. 1 on the list, is the only company on the list with at least 1 million square feet under construction in the county. The City of Industry-based firm has two projects under construction totaling nearly 1.4 million square feet. LaCaze Development Co., No. 20, moved up three spots after completing three projects in 2005 totaling 860,000 square feet. It has completed a total of 3.8 million square feet in the county since its founding in 1980. The Torrance-based firm currently has one project under construction with six more projects in L.A. County totaling 1.5 million square feet entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: , but not yet under way. Overall, the 25 largest commercial developers in L.A. County have completed a combined 1,149 projects totaling nearly 245 million square feet since 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. of the companies. THE PACESETTER MAJESTIC REALTY CO. MAJESTIC Realty Co. tops the list of commercial real estate developers for the 15th consecutive year. The City of Industry-based company has developed nearly 44 million square feet in the county since its founding in 1948. Currently, Majestic has two projects under construction totaling 1.4 million square feet. Thirty more projects are entitled but not yet under construction, totaling an additional 3.8 million square feet. Industrial master planned business parks 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 Majestic's portfolio. "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. is a dynamic marketplace," said Fran Inman Inman is a surname, and may refer to:
1. banner - The title page added to printouts by most print spoolers. Typically includes user or account ID information in very large character-graphics capitals. year in 2005, and we're we're Contraction of we are. we're we are looking forward to an even bigger year." In L.A. County, the 400-acre Grand Crossing industrial park remains its largest project. Last year, Majestic signed Jakks Pacific JAKKS Pacific, Inc. NASDAQ: JAKK is is a multi-brand company that designs and markets a broad range of toys and consumer products and is based in Malibu, California. Its product categories include action figures, art activity kits, stationery, writing instruments, performance Inc. to an 800,000-square-foot lease there. The company plans to start construction on 1.6 million square feet at the park this year. Majestic also expects industrial 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 to remain strong throughout the year. Demand for industrial space has been sustained locally by increased trade with China, and Majestic expects that to continue. However, the company has worries over the state of the Los Angeles County freeway system, which is critical to maintaining the movement of goods. "The most fragile fragile - brittle segment of the supply chain is the trucker," Inman said.
L.A. County Projects
Rank Company (Ranking in 2005) (sq. footage/
* name no. of projects)
* address * total projects (1)
* projects owned
1 Majestic Realty Co. (1) 43,915,375/317
13191 Crossroads Parkway, 34,523,975/268
Sixth Floor
City of Industry 91746
2 Trammell Crow Co. (2) 33,272,624/72
3 Park Plaza, Suite 1600 8,900,000/12
Irvine 92614
3 Overton Moore Properties (3) 28,152,790/41
1125 W. 190th St., Suite 200 2,400,000/10
Gardena 90248
4 Maguire Properties (4) 17,000,000/25
333 S. Grand Ave., Suite 400 8,800,000/11
Los Angeles 90071
5 Legacy Partners Commercial 15,000,000/50
Inc. (5) 811,000/7
4000 E. Third Ave.,
Suite 600 Foster City 94404
6 Watson Land Company (6) 13,000,000/4 (4)
22010 S. Wilmington Ave., 13,000,000/4 (4)
Suite 400
Carson 90745
7 Carson Estate Trust (7) 12,350,000/87
18710 S. Wilmington Ave., 9,450,000/72
Suite 200
Rancho Dominguez 90220
8 J.H. Snyder Co. (8) 7,825,000/30
5757 Wilshire Blvd., 2,000,000/7
Penthouse 30
Los Angeles 90036
9 NewMark Merrill Cos. (10) 6,570,000/64
5850 Canoga Ave., 4,170,000/41
Suite 650
Woodland Hills 91367
10 Sares-Regis Group 6,000,000/15
18802 Bardeen Ave. 1,250,000/3
Irvine 92612
11 Veit Development Co. (11) 5,622,282/23
21700 Oxnard St., 1,167,198/8
Suite 350
Woodland Hills 91367
12 Festival Cos. (9) 5,500,000/68
9841 Airport Blvd., 1,385,500/16
Suite 700
Los Angeles 90045
13 Mika Co. (13) 5,500,000/65
837 Traction Ave., Suite 400 2,200,000/25
Los Angeles 90013
14 Lowe Enterprises Inc. (12) 5,300,000/39
11777 San Vicente Blvd., N/A/1
Suite 900
Los Angeles 90049
15 Transpacific Development 4,350,000/11
Co. (14) 616,000/4
2377 Crenshaw Blvd.,
Suite 300
Torrance 90501
16 Katell Properties LLC (15) 434,700/6
100 Wilshire Boulevard, 434,700/6
Suite 1830
Santa Monica 90401
17 IDS Real Estate Group (16) 4,170,000/19
515 S. Figueroa St., 5,350,000/18
16th Floor
Los Angeles 90071
18 MJW Investments (19) 3,800,000/53
1640 Fifth St., Suite 112 4,000,000/25
Santa Monica 90401
19 Vestar Development Co. (17) 3,800,000/9
7575 Carson Blvd. 2,155,000/6
Long Beach 90808
20 LaCaze Development Co. (23) 3,760,000/21
2601 Airport Drive, 2,660,000/10
Torrance 90505
21 Samuelson and Fetter LLC (18) 3,740,000/32
602 E. Huntington Drive, 2,429,000/18
Suite D Monrovia 91016
22 Robertson Property Group (20) 3,492,994/15
120 N. Robertson Blvd. 4,171,412/25
Los Angeles 90048
23 Continental Development 3,200,000/30
Corp. (21) 2,800,000/27
2041 Rosecrans Ave.,
Suite 200 El Segundo 90245
24 Agora Realty and Management 2,650,000/32
Inc. (22) 635,000/9
15206 Ventura Blvd.,
Suite 306 Sherman Oaks 91403
25 AMB Property Corp. (24) 2,512,500/51
17777 Center Court Drive, 4,410,419/36
Suite 100 Cerritos 90703
Current L.A.
County Projects
(sq. footage/
no. of projects)
* under
Rank Company (Ranking in 2005) construction
* name * entitled only,
* address not under
construction
1 Majestic Realty Co. (1) 1,350,000/2
13191 Crossroads Parkway, 3,776,000/30
Sixth Floor
City of Industry 91746
2 Trammell Crow Co. (2) 750,000/1
3 Park Plaza, Suite 1600 0/0
Irvine 92614
3 Overton Moore Properties (3) 282,000/2
1125 W. 190th St., Suite 200 0/0
Gardena 90248
4 Maguire Properties (4) 0/0
333 S. Grand Ave., Suite 400 2,000,000/5
Los Angeles 90071
5 Legacy Partners Commercial 0/0
Inc. (5) 0/0
4000 E. Third Ave.,
Suite 600 Foster City 94404
6 Watson Land Company (6) 800,000/5
22010 S. Wilmington Ave., 0/0
Suite 400
Carson 90745
7 Carson Estate Trust (7) 550,000/2
18710 S. Wilmington Ave., 300,000/3
Suite 200
Rancho Dominguez 90220
8 J.H. Snyder Co. (8) 25,000/3
5757 Wilshire Blvd., 950,000/4
Penthouse 30
Los Angeles 90036
9 NewMark Merrill Cos. (10) 613,000/4
5850 Canoga Ave., 225,000/3
Suite 650
Woodland Hills 91367
10 Sares-Regis Group 450,000/1
18802 Bardeen Ave. 0/0
Irvine 92612
11 Veit Development Co. (11) 451,532/2
21700 Oxnard St., 95,000/1
Suite 350
Woodland Hills 91367
12 Festival Cos. (9) 115,500/7
9841 Airport Blvd., 190,600/11
Suite 700
Los Angeles 90045
13 Mika Co. (13) 0/0
837 Traction Ave., Suite 400 125,000/2
Los Angeles 90013
14 Lowe Enterprises Inc. (12) 0/0
11777 San Vicente Blvd., 500,000/1
Suite 900
Los Angeles 90049
15 Transpacific Development 0/0
Co. (14) 0/0
2377 Crenshaw Blvd.,
Suite 300
Torrance 90501
16 Katell Properties LLC (15) 0/0
100 Wilshire Boulevard, 0/0
Suite 1830
Santa Monica 90401
17 IDS Real Estate Group (16) 760,000/3
515 S. Figueroa St., 3,520,000/4
16th Floor
Los Angeles 90071
18 MJW Investments (19) 475,000/30/0
1640 Fifth St., Suite 112 0/0
Santa Monica 90401
19 Vestar Development Co. (17) 0/0
7575 Carson Blvd. 0/0
Long Beach 90808
20 LaCaze Development Co. (23) 140,000/1
2601 Airport Drive, 1,510,000/6
Torrance 90505
21 Samuelson and Fetter LLC (18) 0/0
602 E. Huntington Drive, 1,000,000/2
Suite D Monrovia 91016
22 Robertson Property Group (20) 6,000/1
120 N. Robertson Blvd. 257,000/3
Los Angeles 90048
23 Continental Development 400,000/1
Corp. (21) 0/0
2041 Rosecrans Ave.,
Suite 200 El Segundo 90245
24 Agora Realty and Management 0/0
Inc. (22) 138,000/1
15206 Ventura Blvd.,
Suite 306 Sherman Oaks 91403
25 AMB Property Corp. (24) 515,519/3
17777 Center Court Drive, 0/0
Suite 100 Cerritos 90703
Current L.A. Current L.A.
County County
Rank Company (Ranking in 2005) Renovations (2) Fee Work (3)
* name * sq. footage * sq. footage
* address * no. of * no. of
projects pojects
1 Majestic Realty Co. (1) 1,295,010 0
13191 Crossroads Parkway, 6 0
Sixth Floor
City of Industry 91746
2 Trammell Crow Co. (2) 750,000 750,000
3 Park Plaza, Suite 1600 1 1
Irvine 92614
3 Overton Moore Properties (3) 239,000 0
1125 W. 190th St., Suite 200 2 0
Gardena 90248
4 Maguire Properties (4) 0 0
333 S. Grand Ave., Suite 400 0 0
Los Angeles 90071
5 Legacy Partners Commercial 0 0
Inc. (5) 0 0
4000 E. Third Ave.,
Suite 600 Foster City 94404
6 Watson Land Company (6) 700,000 0
22010 S. Wilmington Ave., 6 0
Suite 400
Carson 90745
7 Carson Estate Trust (7) 0 0
18710 S. Wilmington Ave., 0 0
Suite 200
Rancho Dominguez 90220
8 J.H. Snyder Co. (8) 0 0
5757 Wilshire Blvd., 0 0
Penthouse 30
Los Angeles 90036
9 NewMark Merrill Cos. (10) 53,000 0
5850 Canoga Ave., 1 0
Suite 650
Woodland Hills 91367
10 Sares-Regis Group 0 0
18802 Bardeen Ave. 0 0
Irvine 92612
11 Veit Development Co. (11) 72,000 0
21700 Oxnard St., 1 0
Suite 350
Woodland Hills 91367
12 Festival Cos. (9) 775,000 0
9841 Airport Blvd., 1 0
Suite 700
Los Angeles 90045
13 Mika Co. (13) 128,000 0
837 Traction Ave., Suite 400 2 0
Los Angeles 90013
14 Lowe Enterprises Inc. (12) 0 0
11777 San Vicente Blvd., 0 0
Suite 900
Los Angeles 90049
15 Transpacific Development 0 0
Co. (14) 0 0
2377 Crenshaw Blvd.,
Suite 300
Torrance 90501
16 Katell Properties LLC (15) 0 0
100 Wilshire Boulevard, 0 0
Suite 1830
Santa Monica 90401
17 IDS Real Estate Group (16) 170,000 390,000
515 S. Figueroa St., 1 2
16th Floor
Los Angeles 90071
18 MJW Investments (19) 80,000 0
1640 Fifth St., Suite 112 1 0
Santa Monica 90401
19 Vestar Development Co. (17) 600,000 0
7575 Carson Blvd. 1 0
Long Beach 90808
20 LaCaze Development Co. (23) 200,000 0
2601 Airport Drive, 1 0
Torrance 90505
21 Samuelson and Fetter LLC (18) 0 0
602 E. Huntington Drive, 0 0
Suite D Monrovia 91016
22 Robertson Property Group (20) 0 0
120 N. Robertson Blvd. 0 0
Los Angeles 90048
23 Continental Development 210,000 0
Corp. (21) 2 0
2041 Rosecrans Ave.,
Suite 200 El Segundo 90245
24 Agora Realty and Management 0 0
Inc. (22) 0 0
15206 Ventura Blvd.,
Suite 306 Sherman Oaks 91403
25 AMB Property Corp. (24) 0 0
17777 Center Court Drive, 0 0
Suite 100 Cerritos 90703
Profile
* headquarters
Rank Company (Ranking in 2005) * year founded
* name * offices
* address (L.A. County/
total)
1 Majestic Realty Co. (1) City of Industry
13191 Crossroads Parkway, 1948
Sixth Floor 1/5
City of Industry 91746
2 Trammell Crow Co. (2) Dallas
3 Park Plaza, Suite 1600 1948
Irvine 92614 1/5
3 Overton Moore Properties (3) Gardena
1125 W. 190th St., Suite 200 1976
Gardena 90248 1/same
4 Maguire Properties (4) Los Angeles
333 S. Grand Ave., Suite 400 1965
Los Angeles 90071 5/8
5 Legacy Partners Commercial Foster City
Inc. (5) 1982
4000 E. Third Ave., 1/7
Suite 600 Foster City 94404
6 Watson Land Company (6) Carson
22010 S. Wilmington Ave., 1912
Suite 400 1/same
Carson 90745
7 Carson Estate Trust (7) Rancho Dominguez
18710 S. Wilmington Ave., 1914
Suite 200 1/same
Rancho Dominguez 90220
8 J.H. Snyder Co. (8) Los Angeles
5757 Wilshire Blvd., 1949
Penthouse 30 1/same
Los Angeles 90036
9 NewMark Merrill Cos. (10) Woodland Hills
5850 Canoga Ave., 1997
Suite 650 3/6
Woodland Hills 91367
10 Sares-Regis Group Irvine
18802 Bardeen Ave. 1993
Irvine 92612 1/7
11 Veit Development Co. (11) Woodland Hills
21700 Oxnard St., 1971
Suite 350 1/5
Woodland Hills 91367
12 Festival Cos. (9) Los Angeles
9841 Airport Blvd., 1990
Suite 700 3/6
Los Angeles 90045
13 Mika Co. (13) Los Angeles
837 Traction Ave., Suite 400 1973
Los Angeles 90013 1/same
14 Lowe Enterprises Inc. (12) Los Angeles
11777 San Vicente Blvd., 1972
Suite 900 3/6
Los Angeles 90049
15 Transpacific Development Torrance
Co. (14) 1954
2377 Crenshaw Blvd., 1/3
Suite 300
Torrance 90501
16 Katell Properties LLC (15) Santa Monica
100 Wilshire Boulevard, 1976
Suite 1830 1/same
Santa Monica 90401
17 IDS Real Estate Group (16) Los Angeles
515 S. Figueroa St., 1986
16th Floor 4/8
Los Angeles 90071
18 MJW Investments (19) Santa Monica
1640 Fifth St., Suite 112 1980
Santa Monica 90401 2/4
19 Vestar Development Co. (17) Phoenix
7575 Carson Blvd. 1989
Long Beach 90808 1/3
20 LaCaze Development Co. (23) Torrance
2601 Airport Drive, 1980
Torrance 90505 1/same
21 Samuelson and Fetter LLC (18) Monrovia
602 E. Huntington Drive, 1948
Suite D Monrovia 91016 2/5
22 Robertson Property Group (20) Los Angeles
120 N. Robertson Blvd. 1992
Los Angeles 90048 1/same
23 Continental Development El Segundo
Corp. (21) 1969
2041 Rosecrans Ave., 2/same
Suite 200 El Segundo 90245
24 Agora Realty and Management Sherman Oaks
Inc. (22) 1986
15206 Ventura Blvd., 2/3
Suite 306 Sherman Oaks 91403
25 AMB Property Corp. (24) San Francisco
17777 Center Court Drive, 1983
Suite 100 Cerritos 90703 1/4
Rank Company (Ranking in 2005) Top Local Executive
* name * name
* address * title
* phone
1 Majestic Realty Co. (1) Edward P. Roski Jr.
13191 Crossroads Parkway, chairman, ceo
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) Stan Moore/Timur Tecimer
1125 W. 190th St., Suite 200 ceo/president
Gardena 90248 (310) 323-9100
4 Maguire Properties (4) Robert F. Maguire III
333 S. Grand Ave., Suite 400 chairman, co-ceo
Los Angeles 90071 (213) 626-3300
5 Legacy Partners Commercial Scott Word
Inc. (5) senior vice president
4000 E. Third Ave., (213) 689-1133
Suite 600 Foster City 94404
6 Watson Land Company (6) Bruce A. Choate
22010 S. Wilmington Ave., ceo, president
Suite 400 (310) 952-6400
Carson 90745
7 Carson Estate Trust (7) James D. Flynn
18710 S. Wilmington Ave., president
Suite 200 (310) 687-5000
Rancho Dominguez 90220
8 J.H. Snyder Co. (8) Snyder/Goldstein/Swimmer/Wise
5757 Wilshire Blvd., partners
Penthouse 30 (323) 857-5546
Los Angeles 90036
9 NewMark Merrill Cos. (10) Sandy Sigal
5850 Canoga Ave., ceo
Suite 650 (818) 710-6100
Woodland Hills 91367
10 Sares-Regis Group John S. Hagestad
18802 Bardeen Ave. managing director, principal
Irvine 92612 (949) 756-5959
11 Veit Development Co. (11) Timothy Regan
21700 Oxnard St., v.p. development/acquisition
Suite 350 (818) 593-6330
Woodland Hills 91367
12 Festival Cos. (9) Mark A. Schurgin
9841 Airport Blvd., president
Suite 700 (310) 665-9600
Los Angeles 90045
13 Mika Co. (13) Michael Kamen/Scott Schwartz
837 Traction Ave., Suite 400 principals
Los Angeles 90013 (213) 680-1230
14 Lowe Enterprises Inc. (12) Robert J. Lowe
11777 San Vicente Blvd., chairman, ceo
Suite 900 (310) 820-6661
Los Angeles 90049
15 Transpacific Development Thomas G. Irish
Co. (14) president
2377 Crenshaw Blvd., (310) 618-3600"
Suite 300
Torrance 90501
16 Katell Properties LLC (15) Gerald L. Katell
100 Wilshire Boulevard, president
Suite 1830 (310) 566-5866
Santa Monica 90401
17 IDS Real Estate Group (16) D. Mgrublian/M. Siam
515 S. Figueroa St., co-ceos
16th Floor (213) 362-9300
Los Angeles 90071
18 MJW Investments (19) Mark Weinstein
1640 Fifth St., Suite 112 president
Santa Monica 90401 (310) 395-3430
19 Vestar Development Co. (17) Richard Kuhle
7575 Carson Blvd. president
Long Beach 90808 (562) 938-1722
20 LaCaze Development Co. (23) Norman R. LaCaze
2601 Airport Drive, owner, principal
Torrance 90505 (310) 534-0411
21 Samuelson and Fetter LLC (18) B. Fetter/R. Samuelson
602 E. Huntington Drive, principals
Suite D Monrovia 91016 (626) 305-5530
22 Robertson Property Group (20) Neil Haltrecht
120 N. Robertson Blvd. president
Los Angeles 90048 (310) 652-3620
23 Continental Development Richard C. Lundquist
Corp. (21) president
2041 Rosecrans Ave., (310) 640-1520
Suite 200 El Segundo 90245
24 Agora Realty and Management Cary Lefton/Mike Bollenbacher
Inc. (22) (818) 985-7100
15206 Ventura Blvd.,
Suite 306 Sherman Oaks 91403
25 AMB Property Corp. (24) Kim P. Snydersr.
17777 Center Court Drive, v.p., mng. dir. SW region
Suite 100 Cerritos 90703 (562) 345-9200
(1) Commercial real estate developed and completed since inception.
(2) Project/renovations in which developer has an equity stake.
(3) Fee work includes renovations, build-to-suits, speculative
developments and development management in which developer does not
have equity stake.
(4) Business centers.
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 entire structures.
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. 02006 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, (877) 652-5295.
Researched by David Nusbaum
[GRAPHIC OMITTED] |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion