The agreement expands RiverRock's geographic reach into a newSouthern California market, notes John Combs, founder and principalof RiverRock. The area serviced by the new joint venture willinclude La Quinta, Rancho Mirage, Indian Wells, Palm Desert andPalm Springs.

|

According to Scott Wilson, founding partner of Wilson JohnsonCommercial, the firm "strategically decided to expand our propertymanagement offerings at the request of our clients." Combining theWilson Johnson platform with RiverRock "will bring a new level ofmanagement expertise to the Coachella Valley," he says.

|

Strahl is a seven-year local resident of Palm Springs who hasbeen active in the real estate community throughout that time.Before moving to Palm Springs, he lived in San Francisco, where heworked for a San Francisco-based law firm.

|

The joint-venture announcement follows RiverRock's August 2007formation of a joint venture with Alamo, CA-based retail investmentand development firm Alamo Group and Dudum Investments. That jointventure, known as Diablo RiverRock Inc., handles management andleasing for approximately 1.5 million sf of retail and restaurantproperties located throughout Northern California, the PacificNorthwest and Nevada.

|

Combs comments that through the two joint ventures, RiverRockhas "more quickly expanded our service brand into new markets,following both our client base and bringing a new level of serviceto our partner's clients." He says that the joint-ventureexpansions continue RiverRock's efforts to "create a premierservice organization that delivers a well-trained, client-centriclevel of management services.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.