Start each day with GlobeSt.com's California AM Alert for original coverage of the latest transactions and trends shaping the commercial real estate industry. Sign Up Today!
LOS ANGELES-Toronto, ON-based commercial real estate firm Avison Young is continuing its aggressive Southern California expansion with the opening of a new office at 633 West 5th St. in Downtown L.A., with Derrick Moore joining as principal. Moore, a retail-industry veteran, will be joined by principal Chris Cooper, who will be relocating from the company’s West Los Angeles office to the DTLA site.
The new office marks Avison Young’s fourth Los Angeles location. Over the past three-and-a-half years, the company has grown from 11 to 41 offices in 33 markets and from 300 to more than 1,100 real estate professionals across Canada and the US. “The Southern California region is a critical growth area for Avison Young,” said Mark Rose, company chair and CEO, in a prepared statement. He added that hiring Moore allows the firm to partner with “one of the most dominant retail real estate players in the Downtown Los Angeles market.”
Moore will lead the firm’s retail efforts downtown, expand the firm’s presence and generate transaction volume in that submarket. He was most recently a first VP with CBRE in L.A. “I was impressed with Avison Young’s partnership culture and how the company has been strategically building its brand in Southern California and across North America, expanding in all facets of the commercial markets,” said Moore in the statement. “I look forward to working with Chris and supporting my new colleagues in their ability to deliver the most comprehensive solutions to clients’ real estate needs.”
Cooper, principal and managing director of the company’s Southern California region, has a 27-year industry history and has spent almost his entire legal and real estate professional careers downtown.
“Chris’s long history of leadership and the respect he has earned in the Los Angeles business community will be of tremendous value to our firm and to our clients as we launch our new Downtown L.A. operations,” Earl Webb, Avison Young’s president, US operations, said in the statement.
The launch comes on the heels of the firm’s opening offices in Raleigh-Durham, Detroit and South Florida last month, as well as the acquisition of New Jersey-based project-management firm the Walsh Company LLC. Since April, the company has also opened new offices in San Francisco; New York; Pittsburgh; Charleston, SC; New Jersey; and a third Los Angeles-area office in Santa Monica.
As GlobeSt.com reported last week, Michael Smith, Scott Jamieson and Brandon Dickason joined Avison Young in Boston to expand the firm’s capital-markets business in New England. Smith and Jamieson joined the firm as principals and Dickason as vice president.
For an irreverent look at the ups and downs of the retail industry, check out Counter Culture authored by GlobeSt.com Editor, Ian Ritter.