SAN FRANCISCO-Sterling American Property Inc. of New York is opening its first office on the West Coast at 120 Montgomery St. Heading up the operation will be David Ash, most recently a managing director for the San Francisco office of the Eastdil Secured, now a subsidiary of Wells Fargo. The 17th floor office will be up and running next week.

While at Eastdil for the past seven years, Ash’s responsibilities included coordinating the firm’s nationwide multifamily efforts while also handling the disposition and financing of primarily office and multifamily properties in the Western US. At Sterling American, his responsibilities will include sourcing new investments and joint venture relationship opportunities in Western US. His primary focus will be on Orange County, Los Angeles, the San Francisco Bay Area and Seattle.

“Transaction volume everywhere is down substantially and I had done business with Sterling and knew they wanted to open a West Coast office; they have substantial capital and are interested in aggressively putting it to work, taking advantage of the opportunities they are others see in the market going forward,” Ash tells “Their focus is on office and multifamily, the two areas I’ve focused on most during my career, and they wanted someone who has worked these markets, which I have my entire career. It is great fit.”

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?


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


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.