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Marc Gittleman Marc Gittleman

Property management firms are proving to have an important impact on driving value and the success of an asset. One example of the growing importance of property managers is Catalina Landing. Colony Northstar purchased the struggling 280,00-square-foot office property in August 2015, and hired Rising Realty Partners to develop and execute a strategy to turn the property around. Leveraging the firm’s third-party property management Asset Enhancement Program and 5×5 Telecom, Rising was able to increase rents by 20%—the highest rates in Downtown Long Beach—renewed or expanded leases with 19 tenants and signed substantial new leases with Sprint, the California State University Chancellor’s Office, and Barrett Business Systems. To find out more, we sat down with Marc Gittleman, EVP at Rising Realty Partners and chair-elect of BOMA-GLA, for an exclusive interview.

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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