New Home for a Real Estate Company

August 12, 2011 / Elizabeth Buckley, Commercial Property Analyst

Real estate company Avison Young has expanded its line of offices with the opening of a newly-formed office in Los Angeles, California.

New Home for a Real Estate Company

The new American office is part of Avison Young’s strategy toward growth and expansion, the office being the eighth location outside of Canada.

The announcement comes hard on the heels of Avison Young’s acquisition of Virginia-based Millennium Realty Advisors, LLC, which opened a new office in Dallas, Texas, and added a group of brokers led by Jack Kerrigan and Steve Cook in Boston last month.

Also, effective immediately, industry veteran Neil Resnick joins Avison Young as a Principal and will help launch the company’s brokerage business in Southern California.

As a member of Avison Young’s local executive management team, Resnick will oversee the growth and development of the company’s presence in West Los Angeles. As a senior broker, he will also take charge of key client relationships on the West Coast and assist clients with strategy and the execution of their occupancy solutions.

Team members Matthew Wallace (Director) and Meryl Ong (Marketing Coordinator) also join Avison Young. Wallace will act as a liaison between clients, assisting with strategy and implementation of client initiatives. Ong will oversee all facets of client coordination and interaction on a day-to-day basis.

In addition, she will take charge of research and analytical materials that assist clients in their evaluation of real estate needs and objectives. All three were most recently with Grubb & Ellis in West Los Angeles.

Avison Young’s CEO Mark Rose said: “Avison Young considers Los Angeles, and the entirety of Southern California, to be one of the most critical real estate markets in the U.S. The corporate and institutional client opportunities in these markets are widespread, and Avison Young intends to grow rapidly in these key markets through strategic hiring and acquisitions.

“The opening of an L.A. office is the first critical step in a much larger plan to be a very active player in key West Coast markets.”

Over the past two and a half years, the real estate company has grown from 11 to 25 offices and from 300 to more than 800 real estate professionals across Canada and the U.S.

“In addition to the West Los Angeles office, we expect to open a number of offices in L.A. and throughout Southern California in order to effectively cover the entire market,” according to Earl Webb, Avison Young’s President, U.S. Operations.

“The opening of our first office in California is in line with our strategy to harness the immense potential of Avison Young’s client-centric service model, which recognizes the importance of aligning the needs of our clients with the intellectual capital of our professionals, and eliminating service-line silos to allow for the delivery of integrated solutions.”

The new L.A. office will be temporarily located at 1100 Glendon Avenue, 17th floor, Los Angeles.

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