Longtime Partners to Spearhead Launch of New Downtown Los Angeles Office; Office Specialists Boost Downtown Los Angeles Presence for Rapidly Expanding National Brokerage Firm
LOS ANGELES, May 6, 2015 /PRNewswire/ — Coldwell Banker Commercial (CBC) Alliance, a national real estate services firm headquartered in New York City, announced that the team of Matthew Renshaw and Mark O'Brien have joined as Managing Principals and will be responsible for the expansion of the new Downtown Los Angeles office for the firm.
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Both professionals grew up in California and boast substantial commercial transactional real estate expertise, having most recently served for several decades in Downtown Los Angeles for CBRE. The team has transacted over 9,000,000 RSF of lease and sale transactions over the course of their careers.
The new Downtown office will augment CBC Alliance's established presence in both Glendale and Orange County. The Glendale office for CBC Alliance remains under the leadership of Bill Ukropina, Greg Barsamian and George Issaians. The office has 21 brokers representing the commercial real estate needs of small and midsize companies throughout the very active and growth oriented San Fernando Valley.
"In order for CBC Alliance to be successful in Downtown Los Angeles we needed to recruit professionals with long term experience and outstanding reputations. We were quick to recognize that Mark and Matt fit that unique criteria and we're thrilled to have them on board," said Bill Ukropina, managing principal. "Both will build on the solid foundation our company has established in Southern California and serve as key contributors in carrying forward the mission of bolstering our firm's reputation as a leader in the Los Angeles commercial real estate market."
"CBC Alliance has built a dominant platform for real estate services and we're excited to align our market expertise with the power of that capability to serve our current and future clients," said Mr. O'Brien. Mr. Renshaw adds, "We believe both CBC Alliance and the Downtown Los Angeles market are in the midst of a true paradigm shift, in terms of both culture and growth, and we feel excited and fortunate for the opportunity to build an office for this remarkable firm in this dynamic market."
"We have been strategically building our brand in Los Angeles for almost two years and with the launch of our downtown office, we are executing on our plan to increase our market share and position our organization for continued growth in the market," said Obie Wall, CEO of Coldwell Banker Commercial Alliance. "Matt and Mark embody the leadership, experience, and vision to grow our downtown presence. With a solid leadership team now in place, we have an aggressive growth plan in motion throughout the L.A. metro market."
About Mark O'Brien
After first working at a boutique real estate company and later running his own property management firm, Mr. O'Brien joined CBRE in 1996 and remained there for almost twenty years until this move to CBC Alliance. He has primarily worked as an office tenant representative and is a subject matter expert in the telecommunications and datacenter market, representing companies such as Verizon, AT&T, and Sprint. He has also represented building ownerships over the course of his career, including 707 Wilshire and the US Bank Tower in Downtown Los Angeles. Mr. O'Brien is married and has three children, and holds a BA in Business-Economics from California State University Fullerton.
About Matthew Renshaw
Mr. Renshaw initially worked in the software industry in San Francisco and then launched his successful brokerage career when he joined CBRE in Los Angeles in 2000. He remained there for almost 15 years, focusing on office transactions in Downtown Los Angeles and the surrounding cities during his tenure, while forging strong relationships with landlords and tenants throughout the marketplace. His clients have included recognized brands and institutions such as Union Bank of California, Verizon, GMAC, Bank One and the State of California. Mr. Renshaw graduated from Stanford University as an English Literature major in 1997.
For more information about Coldwell Banker Commercial Alliance, visit their website at http://www.cbcalliance.com/.
About Coldwell Banker Commercial (CBC) Alliance
Coldwell Banker Commercial Alliance is a national commercial real estate brokerage company headquartered in New York City, dedicated to serving private investors, owners, and small/mid-cap corporate users of real estate. CBC Alliance and its direct lending arms, which include ReadyCap Commercial and its Capital Markets division, was founded by Waterfall Asset Management (Waterfall), an investment manager with approximately $3.0 billion in client assets under management. Waterfall has also acquired more than $1 billion of small-balance commercial loans nationally for its clients. The firm currently has offices in New York, Los Angeles and Orange County, Calif., Dallas, Miami, and Denver, 150 professionals, $800 million in closed transaction value and over six million square feet under management. The company is also an independently owned and operated affiliate of the international Coldwell Banker Commercial® organization and one of the top offices in the firm's global network of over 200 offices and 3,000 brokers.
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