Dettling tells GlobeSt.com that the space is available forconversion because a tenant recently moved out of a large block ofspace. The building is owned by TWS Realty LLC, and Ramsey-ShillingHealtcare has the listing on the space.

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[IMGCAP(2)]According to Dr. Howard Strom, who recently joinedthe real estate advisory firm as its medical associate, thebuilding has excellent potential for a large multi-specialtymedical group, surgery center or rehabilitation facility. Dettlingpoints out that the conversion will require significant plumbingand full medical build-out—an expensive proposition that manylandlords would not want to consider. But the tradeoff is higherrents and quality credit tenants staying longer, Dettling says.

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The conversion of the general office space to medical usesfollows another unusual move involving the medical office spacemarket in L.A.--Strom's recent decision to join Ramsey-ShillingCommercial Real Estate Services to begin a new career in commercialreal estate. Strom, an M.D. who headed a medical consulting servicebefore joining Ramsey-Shilling, also was a corporate medicaldirector for ARCO for 20 years.

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[IMGCAP(3)]Ramsey-Shilling, the Los Angeles affiliate of CORENetwork, is a 55-year-old locally based firm that has recentlyexpanded with the opening of an office in Valencia, CA to serve theNorth County area. The new office is at 28422 Constellation Rd. andis headed by Sam Caloroso, a former Farmers Insurance districtmanager who was with Farmers for 21 years. Caloroso also hascommercial real estate experience, having developed severalbuildings in the surrounding area.

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According to Mark Evanoff, Ramsey-Shilling president, thecompany believes the North County area provides significantopportunities for growth. Besides brokerage, Ramsey-Shillingprovides a wide range of real estate advisory services, Evanoffnotes.

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