Irvine, Calif. (March 21, 2016) - Commercial real estate firm, Kidder Mathews, announced it has opened its 14th office in Orange County and has recruited several local brokers who have extensive careers and experience in the Orange County marketplace. The new office is located at 2 Park Plaza, Suite 850, Irvine, California.
Kidder Mathews is one of the fastest growing independently owned commercial real estate firms on the West Coast, with over 550 real estate professionals and staff in 14 offices in Washington, Oregon, California, Arizona, and Nevada. As part of the firm's strategic growth plan, it has recently opened offices in San Diego, Phoenix, Sacramento, Reno, and Irvine to add to its existing offices in the Bay Area, Oregon, and Washington.
"A little over a year ago, we opened our San Diego office as we continued to expand down the coast from the Bay Area into the Southern California market. In the past 15 months, we have built that office to 18 agents plus three senior property managers and a debt equity finance team, and we've outgrown our office space twice. Orange County was always the next move in our plan. We know many of the successful brokers in the region, and as a result of all the consolidation in the industry, many of them are excited about our platform," said Jeff Lyon, Kidder Mathews' chairman and CEO.
The new hires include:
David Burback, Senior Vice President, Industrial Properties
Herb Grabell, Senior Vice President, Industrial Properties
Fouy Ly, Senior Vice President, Retail Investments
Ted Sawyer, Senior Vice President, Industrial Properties
Justin Helbig, First Vice President, Life Science Properties
Pete Beauchamp, Senior Vice President, Investments
Jerry Holdner, Director of Research
"In addition to the six professionals we have today, we are expecting several more in the coming weeks and anticipate rapid growth with a target of 25-30 by the end of 2017. It's just phenomenal, and I'm excited," said Mark Read, the firm's executive vice president of brokerage.
Kidder Mathews attributes its fast growing success to its unique platform, and to the national trend of consolidation in the commercial real estate industry among publicly held firms, which is typically not favorable to professional service providers. Kidder Mathews is a privately held firm that is known for its strong marketing and research support, a streamlined management structure, opportunity for equity for its professionals, and a commission structure that is considerably more favorable to its brokers than any of its competitors. Due to the environment, the firm boasts 31 Best Places to Work Awards in various publications in California, Washington, and Oregon.
About Kidder Mathews
Kidder Mathews is one of the largest independently owned commercial real estate firms on the West Coast, with over 550 real estate professionals and staff in 14 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types. The firm performs $4.7 billion in transactions, manages 34.5 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit kiddermathews.com.