Property management firms: ranked by office and retail square footage managed in L.A. County.EXECUTIVE SUMMARY WITH its July July: see month. 2003 acquisition of No. 2 Insignia/ESG, 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. added nearly 5 million square feet to its management portfolio and vaulted into second position. It trails No. 1 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., which has led the list for the last five years, by fewer than 2 million square feet under management. Chicago-based Jones Lang LaSalle Jones Lang LaSalle (NYSE: JLL) is a major real estate and money management services firm headquartered in the Aon Center in Chicago, Illinois and the only company in its industry making it into Fortune magazine's list of the 100 Best Places to Work in the U.S. moved into third place, adding 2.5 million square feet under management. Among its new contracts, the company was selected by Union Bank of California Union Bank of California is one of the 30 largest commercial banks in the United States. It has 327 branches, the majority of which are in San Diego, Los Angeles and Orange Counties. to manage its real estate portfolio. No. 4 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
Haulster (Small industrial multi-purpose truck) Bellhop Series (Golf Carts) Tug(Large Truck) & Wakefield Wakefield, estate, United States Wakefield, family estate of George Washington, on the Potomac River, E Va.; part of the George Washington Birthplace National Monument (see National Parks and Monuments, table). Inc. both dropped below the 9 million square loot mark, shedding shedding, n See exfoliation. shedding 1. exfoliation of entire skin, called also ecdysis, exuviate. 2. falling out of haircoat. 3. putting animals into a shed. 4. 800,000 and 1.3 million square feet from their management rolls, respectively. "While we've we've Contraction of we have. we've have had success with new business, some portfolios have sold to owner/operators like REITs that manage 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. ," said Mary Mary, the mother of Jesus Mary, in the Bible, mother of Jesus. Christian tradition reckons her the principal saint, naming her variously the Blessed Virgin Mary, Our Lady, and Mother of God (Gr., theotokos). Her name is the Hebrew Miriam. Marx, managing director at Cushman & Wakefield. Overall, the 25 largest property management firms 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 handle 116 million square feet in office and retail space. THE TRENDS [GRAPHICS OMITTED] THE PACESETTER TRAMMELL CROW CO. THOUGH its property management base fell by 200,000 square feet, to 15.9 million square feet, Trammell Crow Co. retained its title as largest property manager in Los Angeles County for the fifth year in a row. The Dallas-based firm also saw its county-leading industrial management portfolio decline, reporting 5 million fewer square feet than last year, for 17.9 million industrial square feet under management. Amid the soft commercial real estate market, Area President 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. Ruth said the company's management portfolio underwent a review over the past year. "(We) identified those properties that did not contribute meaningfully to profitability or corporate goals and renegotiated with the owners or phased them out," said Ruth. He also cited the lack of development activity in L.A. County in the past year, which contributed to the small amount of new stock for which to provide management services. Trammell Crow did pick up some new business in 2003, adding 2.1 million square feet in new contracts in L.A. County. Major office contracts included the 891,400-square-foot Corporate Pointe pointe n. In ballet, dancing that is performed on the tips of the toes. [From French pointe (des pieds), point (of the feet), tiptoe; see point.] in West Hills and the 316,700-square-foot Luckman Plaza For the hotel in New York City, see . Plaza (IPA /'plaθa/ or /'plasa/ in Hollywood Hollywood. 1 Community within the city of Los Angeles, S Calif., on the slopes of the Santa Monica Mts.; inc. 1903, consolidated with Los Angeles 1910. . The company assumed management of 130,100 square feet of retail space at Two Rodeo Drive Rodeo Drive (IPA: /roʊˈdeɪoʊ/) generally refers to a famous three-block long stretch of boutiques and shops in Beverly Hills, California, United States, although the street stretches further north and south. in Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. . Trammell Crow's industrial portfolio saw gains of close to 3 million square feet.
Rank Firm (Ranking in 2003) Office & Retail
* company Square Footage
* address (millions)
* L.A. County
* firmwide
1 Trammell Crow Co. (1) 15.9
970 W. 190th St., Suite 400 333
Torrance 90502
2 CB Richard Ellis (4) 14.2
355 S. Grand Ave., Suite 3100 231
Los Angeles 90071
3 Jones Lang LaSalle (6) 9.7
355 S. Grand Ave. 700
Los Angeles 90071
4 Charles Dunn Real Estate Services Inc. (3) 8.8
800 W. Sixth St., Sixth Floor 16.4
Los Angeles 90017
5 Cushman & Wakefield Inc. (5) 7.8
601 S. Figueroa, Suite 4700 220 (2)
Los Angeles 90071
6 Elkins Property Management (9) 6.4
3130 Wilshire Blvd., Second Floor 8.9
Santa Monica 90403
7 PM Realty Group (7) 6.4
9841 Airport Blvd., Suite 1510 145
Los Angeles 90045
8 Coreland Cos. (8) 5.8
17542 E. 17th St., Suite 420 11
Tustin 92780
9 Morlin Management Corp. (11) 5.1
444 S. Flower St., Suite 500 5.2
Los Angeles 90071
10 Property Management Associates (15) 4
5120 W. Goldleaf Circle, Suite 300 5
Los Angeles 90056
11 Centers Business Management (13) 3.9
1517 S. Sepulveda Blvd. 4.4
Los Angeles 90025
12 NewMark Merrill Cos. (12) 3.7
5850 Canoga Ave., Suite 650 5.2
Woodland Hills 91207
13 Hines 3.4
601 S. Figueroa, Suite 2650 80
Los Angeles 90017
14 Total Cos. (14) 3.3
3600 Wilshire Blvd., Third Floor same
Los Angeles 90010
15 Vestar Property Management (17) 3
7575 Carson Blvd. 12.1
Long Beach 90808
16 Decron Properties Corp. 2.8
15350 Sherman Way, Suite 410 3.3
Van Nuys 91406
17 Kennedy-Wilson Inc. (16) 2.4
9601 Wilshire Blvd., Suite 220 23.7
Beverly Hills 90210
18 Transwestern Commercial Services (20) 2.3
330 N. Brand Blvd., Suite 705 61.2
Glendale 91203
19 Topa Management Co. (18) 1.8
1800 Avenue of the Stars, Suite 1400 3.9
Los Angeles 90067
20 Lowe Enterprises Inc. (23) 1.5
11777 San Vicente Blvd., Suite 900 7.3
Los Angeles 90049
21 Legacy Partners (21) 1.4
30 Executive Park, Suite 100 10.5
Irvine 92614
22 Grubb & Ellis Management Services Inc. 1.1
445 S. Figueroa St., Suite 3300 200
Los Angeles 90071
23 LB Property Management (25) 0.5
4730 Woodman Ave., Suite 200 1.1
Sherman Oaks 91423
24 Davis Partners LLC (24) 0.4
1420 Bristol St. North, Suite 100 12.8
Newport Beach 92660
25 J. G. Management Co. Inc. 0.4
5743 Corsa Ave., Suite 200 1.1
Westlake Village 91362
Rank Other Types Contracts Percent
(L.A. County/firmwide) Won in 2003 Owned (1)
* industrial sq. ft. (millions of sq. ft.) * L.A. County
(millions) * L.A. County * firmwide
* residential units * firmwide
1 17.9/170 2.1 0%
0/same NA same
2 8.1/119 3.3 0
0/same 52.5 same
3 0.6/NA 2.1 0
0/same NA NA
4 4.6/4.7 1.2 0
2,484/3,451 4.4 same
5 3/220 (2) 3.3 0
0/same NA same
6 0.4/1.2 1.6 10
2,510/3,015 same 14%
7 0/22 0.9 0
0/same 5 same
8 0.3/0.5 0.8 0
0/same 1.3 same
9 0.9/same 0.4 0
0/same 0.6 same
10 0/same 0.7 5
4,000/4,250 same 7
11 0/same 0.3 10
0/same 0.5 NA
12 0/same 0 45
0/same 0.6 55
13 0/1.5 0 61
0/600 6 60
14 0.7/same 0.1 0
996/same same same
15 0/0.1 0 10
0/same 0.5 40
16 0/same 0 60%
2,350/2,750 same 50%
17 0.4/7.8 NA 5
481/6,810 NA 57
18 0/28.8 1.3 0
0/same 11 same
19 0/same 0.1 38
1,028/3,429 0.2 52.1
20 0.6/1.5 0 5
0/same same same
21 1.8/16.1 2.4 5
15,090/35,722 5.4 WND
22 0/6.6 0.3 0
0/30 NA same
23 0/0.1 WND 0
15,000/16,000 WND same
24 5.5/9.3 WND 5
0/same WND same
25 0/0.6 0.1 34
0/same WND 85
Rank Services L.A. County
(partial list) Employees
1 property and project management, 78
development and construction services,
tenant representation, project leasing
2 property and asset management, leasing, 140
investment sales, corporate services,
appraisal, consulting
3 tenant representation, property WND
management, facility management,
project management
4 property/facility/asset management, 65
brokerage, construction, real estate
consulting, receiverships
5 property management, facilities 190
management, construction management,
agency leasing, due diligence, consulting
6 property management, asset 115
management, leasing, brokerage,
construction management, consulting
7 leasing, investment sales, property 60
management, asset management, facility
management, construction management
8 property management, leasing, investment 18
sales, acquisition due diligence, construction
management, consulting
9 property management, leasing, project 38
and construction management, facilities
management, refinancing, consulting
10 property management, asset 125
management, construction management,
acquisition and disposition due diligence
11 shopping center management, leasing, 26
sales, investments
12 acquisition advisory, leasing, property 32
management, repositioning services
13 property/facility management, engineering, 56
asset management, construction/
development, leasing/marketing
14 asset management, property and 60
facilities management, leasing,
brokerage, receivership
15 property management, asset 8
management, construction
management, leasing, development
16 property management, leasing, acquisition 130
development, construction management,
general contracting services
17 asset management, brokerage, 25
development, property management,
notes, residential investments
18 agency leasing, property and facility 12
management, investment and finance,
corporate advisory
19 property management, renovations, lease 65
administration, leasing and marketing
property, financing and refinancing
20 asset management, property 9
management, construction management,
leasing, acquisition, disposition
21 acquisitions, development, investment 486
management, asset management,
property management, design services
22 asset management, corporate and 32
financial services, facility management,
strategic planning, tenant representation
23 property management, asset 85
management, brokerage, homeowner
association management
24 property management, accounting, 8
leasing, acquisition, development
25 investment, asset and property 10
management, leasing, construction
management, project management
Rank Profile Top Local Executive
* offices (county/total) * name
* headquarters * title
* year established * phone
1 5/NA Robert N. Ruth
Dallas area pres., sr. mng. dir.
1949 (877) 464-2769
2 35/500 Lewis C. Horne
Los Angeles exec. managing director
1940 (213) 613-3333
3 WND/WND Bryan Jacobs
Chicago managing director, exec. v.p.
1783 (213) 680-7900
4 2/8 Patrick J. Conn
Los Angeles president
1921 (213) 683-0500
5 15/NA Mary A. Marx
New York managing director
1917 (213) 955-5100
6 1/2 Kevin Green
Santa Monica ceo
1922 (310) 862-1000
7 8/NA Chris Strickfaden
Houston senior vice president
1955 (310) 215-8500
8 6/10 Chris Hite
Tustin president
1989 (714) 573-7780
9 4/same J. Randall Moore
Los Angeles president
1984 (213) 622-4442
10 1/same Thomas Spear
Los Angeles president
1991 (323) 295-2000
11 1/3 Rick Rivera
Los Angeles ceo, president
1987 (310) 575-1517
12 3/7 S. Sigel/D. Frank
Woodland Hills ceo/president
1997 (818) 710-6100
13 6/82 C. Shepherd/D. Holte
Houston senior vice presidents
1957 (213) 629-5200
14 1/4 Michael Fiorina
Los Angeles president, coo
1979 (213) 427-6800
15 1/7 Rick Kuhle
Phoenix president
1989 (562) 938-1722
16 2/same David J. Nagel
Van Nuys president
1988 (818) 901-8862
17 1/22 William J. McMorrow
Beverly Hills chairman, ceo
1977 (310) 887-6400
18 6/22 David W. Rock
Houston managing sr. vice president
1978 (818) 500-9444
19 3/6 Paul R. Gienger
Los Angeles president
1985 (310) 203-9199
20 2/7 Robert J. Lowe
Brentwood chairman, ceo
1972 (310) 820-6661
21 45/123 Barry Di Raimondo
Foster City president
1968 (650) 571-2200
22 3/200 David C. Robertson
Northbrook, Ill. regional sr. vice president
1958 (213) 596-2000
23 1/2 Gregg Bernstein
Sherman Oaks cfo
1988 (818) 981-1802
24 5/17 Robert Thiergartner
Newport Beach coo
1978 (949) 752-2066
25 1/same Greg Greenstein
Westlake Village president
1983 (818) 707-9494
NA--Not Available WND--Would Not Disclose
(1) Percentage of management portfolio that is owned by the company or
by the parent company.
(2) Includes office, retail and industrial square footage under
management.
Note: The information on this list was provided by representatives of
the companies themselves. Property managers are ranked by the total
amount of office and retail space under management in L.A. County and
firmwide, respectively. Figures that appear to be tied have been
rounded. Firms that own more than two-thirds of the property that they
manage in L.A. County are not included on the list. Investment
Development Services Inc., No. 10 last year, Festival Cos., No. 19 last
year, and Colliers Seeley Asset Services, No. 22 last year, may have
qualified for this list but failed to submit information.
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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