PROPERTY MANAGEMENT FIRMS.Ranked by office and retail square footage managed in L.A. County EXECUTIVE SUMMARY 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. remains atop the list of 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's largest property management firms, even though the company's office/retail management portfolio dropped almost 2 million square feet. Arden Ar·den An unincorporated city of north-central California, a residential suburb of Sacramento. Population: 101,400. Arden, Elizabeth 1884?-1966. 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. Inc. was ranked No. 2, followed by Charles Charles, archduke of Austria Charles, 1771–1847, archduke of Austria; brother of Holy Roman Emperor Francis II. Despite his epilepsy, he was the ablest Austrian commander in the French Revolutionary and Napoleonic wars; however, he was handicapped by Dunn Dunn may refer to: Places
Trammell Crow was not alone in seeing a decline in square footage under management. The top 10 companies all reported lower total square footage of office and retail space under management. Industrial space under management was down 22 percent over the year before. Walter Wal·ter , Bruno 1876-1962. German conductor noted for his interpretations of Mozart and Mahler. Noun 1. Walter - German conductor (1876-1962) Bruno Walter Conn, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Charles Dunn Real Estate Services Inc., said the decrease in square footage managed is nothing more than a natural swing in the market. Conn said events such as building sales sometimes result in a new owner taking building management in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. . In particular, Conn said, real estate investment trusts usually manage their own buildings. THE PACESETTER TRAMMELL CROW CO. WHILE many among Los Angeles' largest 25 property management firms lost ground last year, in terms of square footage managed, the industry leader is not concerned. Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. N. Ruth, area president and senior managing director of Trammell Crow Co., said his company is poised for a significant rebound rebound (rē´bownd), n/v 1. a recovery from illness. n 2. an outbreak of fresh reflex activity after withdrawal of a stimulus rebound adjective in 2001. Ruth attributed Trammell's decline in square footage managed to the sales of three big office buildings last year: 800 Wilshire Not to be confused with Wiltshire. Wilshire may refer to:
Plaza (IPA /'plaθa/ or /'plasa/ in Westwood Westwood. 1 Residential town (1990 pop. 12,557), Norfolk co., E Mass., in the greater Boston area; settled 1640, inc. 1897. It has several early 18th-century buildings. 2 Residential borough (1990 pop. 10,446), Bergen co., NE N.J. and Wilshire Palisades Palisades, cliffs along the west bank of the Hudson River, NE N.J. and SE N.Y., extending from N of Jersey City, N.J., to the vicinity of Piermont, N.Y., with a general altitude of from 350 ft to 550 ft (107–168 m). in Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. . Ruth said that Trammell has a couple of new management contracts in the works and is bidding on management agreements with a handful of pension funds that plan to acquire office buildings in Los Angeles County. Trammell, which has its L.A. headquarters in Torrance Torrance, industrial and residential city (1990 pop. 133,107), Los Angeles co., SW Calif.; inc. 1921. It has large aircraft and electronics industries. Among its many manufactures are aircraft, electronics, communications equipment, aluminum products, steel, and , has recently signed a contract to take over management of the 533,000-square-foot 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. Plaza high-rise at 655 N. Central Ave AVE Avenue AVE Average AVE Alta Velocidad Espanola (train between Madrid and Seville) AVE Alta Velocidad Española (Spanish: High Speed Train) AVE Audio Video Entertainment AVE Advertising Value Equivalent ., built on spec On Spec is a digest-sized, perfect-bound, Canadian quarterly magazine publishing stories and poetry in science fiction, fantasy, and allied genres. It started publishing in 1989, and is based in Edmonton, Alberta. in 1999 and sold to J.P. Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. Investment Management Inc. late last year. Another new contract about to take effect is at the 21-acre Wateridge Park in Culver City Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. . Ruth said that the property management industry is undergoing a dramatic consolidation, resulting in the creation of such major national powerhouses as Jones, Lang Lang language LANG Louisiana Army National Guard Lang Langobardian (linguistics) LANG Los Angeles Newspaper Guild , LaSalle Lasalle (ləsăl`) or Ville Lasalle (vēl), city (1991 pop. 73,804), S Que., Canada, SW of Montreal on the St. Lawrence River at the head of the Lachine Rapids. It is a suburb of Montreal. ; CB Richard Ellis Inc.; and Insignia/ESG. Ruth said that Trammell is staying out of the mergers-and-acquisitions game and concentrating on developing relationships with property owners with the goal of winning management contracts.
Rank Firm (Ranking in 2000) Office & Retail Other Types
* company Square Footage (L.A. County/firmwide)
* address (millions) * industrial
* L.A. County sq. ft. (million)
* firmwide * residential units
1 Trammell Crow Co. (1) 14 15.8/164.7
970 W. 190th St., Suite 400 333.8 0/0
Torrance 90502
2 Arden Realty Inc. 10.3 0/0.28
11601 Wilshire Blvd., 18.4 15/15
Fourth Floor
Los Angeles 90025
3 Charles Dunn Real Estate
Services Inc. (3) 10.2 2.9/3.5
800 W. Sixth St., Suite 600 13.9 3,500/4,100
Los Angeles 90017
4 Jones Lang LaSalle (4) [2] 10 0/10.6
355 S. Grand Ave., Suite 4280 215.3 0/0
Los Angeles 90071
5 CB Richard Ellis Inc. (2) 9.9 0.64/70
3501 Jamboree Road, Suite 100 107.7 0/5,000
Newport Beach 92660
6 Insignia/ESG (5) 7.9 3.6/55.8
444 S. Flower St., 24th Floor 180 N/A/N/A
Los Angeles 90071
7 Transwestern Commercial
Services (6) [3] 7.1 0.56/30
21600 Oxnard St., Suite 300 70 N/A/N/A
Woodland Hills 91367
8 Cushman & Wakefield of
Calif. Inc. (7) 6.9 2/NA
555 S. Flower St., Suite 4200 183.9 N/A/N/A
Los Angeles 90071
9 Macerich Co. (8) 6.2 0/0
401 Wilshire Blvd., Suite 700 36.8 0/0
Santa Monica 90401
10 Coreland Carlson (17) 5.8 3.2/6.3
17542 E. 17th St., Suite 420 8.1 0/0
Tustin 92780
11 Investment Development
Services Inc. (10) 5.2 4.7/9.2
888 W. Sixth St., Ninth Floor 6.5 0/0
Los Angeles 90017
12 Vestar Property Management 5 0/0.2
7575 Carson Blvd. 12.5 0/0
Long Beach 90808
13 PM Realty Group LP (13) 4.6 0/12
9841 Airport Blvd., Suite 1510 105 0/1,500
Los Angeles 90045
14 Watt Management Co. (14) 4 0.4/0.8
2716 Ocean Park Blvd., 6 630/1,152
Suite 3040
Santa Monica 90405
15 Total Cos. (21) 3.6 0.73/0.73
3600 Wilshire Blvd., 3.6 691/691
Third Floor
Los Angeles 90010
Rank Contracts Percent Services
Won in 2000 Owned [1] (partial list)
(millions of sq. ft.) * L.A. County
* L.A. County * firmwide
* firmwide
1 2.8 0 property management,
NA 0 brokerage, investment sales,
construction management,
development, corporate
services
2 0.24 100% property managmenet,
0.24 100 construction, leasing,
tenant improvement,
telecommunications, energy
services
3
2.6 NA property/facility/asset/
2.9 NA construction managment,
brokerage, legal, consulting,
judicial, receiverships,
engineering
4 1.6 0 property management, leasing,
62.9 0 project management, capital
markets, advisory services,
real estate consulting
5 2.8 0 construction services,
61.6 0 landlord leasing
6 0.5 2 tenant representation, agency
28.9 4.75 leasing, investment sales,
property management,
development, hotel services
7
0.64 1.5 property and construction
17 10 management, leasing,
engineering, development,
leasing services
8
0.72 0 asset & property management,
NA 0 facilities management, project
services, agency leasing,
accounting, due dilligence
9 0 100 management, leasing,
0 94 redevelopment, marketing
10 WND 0 property management, leasing
WND 2 and sales, due diligence,
consulting, construction
management, accounting
11
1.1 0 property/asset/construction/
2.8 0 development management,
leasing, acquisition/
dispositon, due diligence,
consulting
12 2.5 20 full service property
3.5 40 management, facility
management, leasing/leasing
renewals, construction
management, due diligence
13 0.22 0 property management, leasing,
15 0 investment services,
construction management,
financial services, corporate
services
14 0.13 85 asset/property management,
0.22 90 leasing, development,
construction management,
accounting, consulting
15 0.5 0 asset, property and facilities
0.5 3 management, leasing,
brokerage, receiverships
Rank L.A. County Profile Top Local Executive
Employees * offices (county/total) * name
* headquarters * title
* year established in * phone
L.A. County
1 235 34/170 Robert N. Ruth
Dallas area pres., sr. mng. dir.
1972 (310) 235-2769
2 140 26/40 Victor J. Coleman
Los Angeles coo, president
1990 (310) 966-2600
3
111 4/11 Walter Conn
Los Angeles ceo
1921 (213) 683-0500
4 100 12/1,000 Steven M. Zaccagnini
Chicago senior vice president
1984 (213) 680-7900
5 51 30/250 Barry Katz
EI Segundo managing director
1978 (949) 725-8500
6 61 2/49 Robert K. Shibuya
New York exec. managing director
1977 (213) 593-1300
7
94 15/28 Mary A. Marx
Chicago exec. vice president
1972 (818) 593-6200
8
182 3/143 William Durslag
New York sr. managing director
1967 (213) 955-5100
9 200 8/50 Mace Siegal
Santa Monica chairman
1975 (310) 394-6000
10 56 4/13 Lisa Forster
Tustin director
1998 (310) 826-2166
11
60 5/8 D. Mgrublian/M. Siam/H. Eaves
Los Angeles managing directors
1986 (213) 362-9300
12 12 1/3 Rick Kuhle
Phoenix president
1992 (562) 938-1722
13 40 12/168 Peter Italiano
Houston v.p., reg. mgr., So. Calif.
1970 (310) 215-8500
14 57 3/7 James J. Maginn
Santa Monica president
1978 (310) 314-2430
15 75 1/3 Michael Fiorina
Los Angeles coo, president
1979 (213) 427-6800
16 Centers Business Management (19) 3.5 N/A/N/A 0.09 10%
1517 S. Sepulveda Blvd. 4.4 N/A/N/A 0.09 8
Los Angeles 90025
17 Morlin Management Corp. (15) 3.5 1/1 0.45 0
444 S. Flower St., Suite 500 4 0/0 0.9 0
Los Angeles 90071
18 NewMark Merrill Cos. LLC (23) 3.3 0/0 0.28 50
18801 Ventura Blvd., Suite 300 4 0/0 0.33 80
Tarzana 91356
19 Property Management Associates 3.3 0/0.4 0.55 2
(20)
5711 W. Slauson Ave., Suite 100 3.9 3,420/3,900 1.2 2
Culver City 90230
20 Prentiss Properties (9) 3.2 2/6.6 0.28 34
970 W. 190th St., Suite 550 33.5 0/0 2 50
Torrance 90502
21 North America Building Management 3.2 0/0 0 100
Corp. (18)
515 S. Flower St., Suite 1200 4.4 0/0 0 100
Los Angeles 90071
22 Elkins Property Management (22) 3 0.36/1.15 1.7 7
[4]
12100 Wilshire Blvd., Suite 300 4.9 1,860/1,860 2.5 10
Los Angeles 90025
23 Kennedy-Wilson International (12) 2.4 0/16 0.71 1.11
9601 Wilshire Blvd., Suite 220 55 1,000/7,000 3.5 6.81
Beverly Hills 90210
24 Decron Corp. 2.1 0/0 N/A 100
15350 Sherman Way, Suite 410 2.7 2,038/2,038 N/A 100
Van Nuys 91406
25 Lowe Enterprises Inc. 1.7 1.2/1.8 0.6 2
11777 San Vicente Blvd., Suite 900 11.7 0/0 2 1
Los Angeles 90049
16 shopping center management, leasing, 30 2/4
maintenance, receiverships, sales Los Angeles
1987
17 property, construction, and facilities 52 2/3
management, leasing, property Los Angeles
tax appeals 1984
18 development, acquisition advisory, 35 2/5
leasing, property management, Tarzana
redevelopment 1997
19 property, facilities, construction and 157 1/3
asset management; due diligence, Culver City
receiverships 1991
20 acquisition, development, management, 52 10/96
leasing, construction, disposition Dallas
1989
21 cleaning, security, parking, 14 1/2
engineering,
construction, leasing Los Angeles
1970
22 property management, asset manage- 97 1/3
ment, leasing, brokerage, construction Los Angeles
management, consulting 1922
23 brokerage, property management, asset 1,000 1/26
management, development, investment Beverly Hills
and fund management 1997
24 property management, real estate 120 2/3
development, general contracting Van Nuys
services 1988
25 asset, property and development 20 7/8
management; institutional investment Los Angeles
advisor, marketing, leasing 1972
16 Rick Rivera
ceo
(310) 575-1517
17 J. Randall Moore
president
(213) 622-4442
18 Sandy Sigal/David Frank
ceo/president
(818) 996-0700
19 Thomas Spear
president
(310) 642-3777
20 Christopher M. Hipps
senior vice president
(310) 323-8300
21 Kelvin Nishikawa
president
(213) 485-9595
22 Kevin Green
president
(310) 207-3456
23 John Prahbu
sr. managing director
(310) 887-6400
24 David J. Nagel
president
(818) 901-8862
25 Robert J. Lowe
chairman, ceo
(310) 820-6661
NA -- Not available N/A -- Not applicable WND WND Wind WND World Net Daily WND Waarnemend WND Wilson Disease Gene (genetic medicine) WND Will Not Disclose WND Waving Not Drowning WND Why Not Design (Citrus Heights, CA) -- Would not disclose (1.)Percentage of management portfolio that is owned by the company or by the parent company. (2.)Formerly Jones Lang LaSalle Americas A·mer·i·cas , the See America. , Inc. (3.)Formerly Transwestern Voit Voit , Carl von 1831-1908. German physiologist known for his studies on metabolism. . (4.)Formerly George George, river, c.345 mi (560 km) long, rising in a lake on the Quebec-Labrador boundary, E Canada. It flows N through Indian Lake (125 sq mi/324 sq km) to Ungava Bay (an arm of Hudson Strait). Elkins Elkins is the name of some places in the United States of America:
Note: The information on this list has been provided by representatives of the firms themselves. Property management firms are ranked by the total amount of office and retail space under management in Los Angeles County and firmwide, respectively. Firms that do only in-house management are not included on the list. The survey was completed during the week of January January: see month. 22, 2001. 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 typographical error - (typo) An error while inputting text via keyboard, made despite the fact that the user knows exactly what to type in. This usually results from the operator's inexperience at keyboarding, rushing, not paying attention, or carelessness. Compare: mouso, thinko. 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)2001 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. |
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