The new firm, aimed at a nationwide firm, will combine the real estate services expertise of Lee with the development and economic consulting experience of Kosmont, which acts as an adviser to private companies as well as cities, redevelopment agencies and other government entities. The two companies say the impetus for their partnership is the increasingly complex nature of development, which involves challenges ranging from obtaining financing and entitlements to zoning analysis and reuse strategies.
Among the services Lee-Kosmont will offer will be development and redevelopment strategies, public/private transaction structuring and negotiation, fiscal and market analysis, and asset management solutions.
Besides Bill Lee and Larry Kosmont, founders of their namesake firms, execs spearheading the new venture will include Mike Tingus, president of Lee's LA North/Ventura Inc. office. Lee & Associates is a 25-year-old firm with 300 brokers in more than 20 offices. The Kosmont organization includes the Renaissance Community Fund and Kosmont Financial Services, which focus on development financing. Kosmont is also known for its annual Cost of Doing Business Survey, which it co-publishes with the Rose Institute of State and Local Government at Claremont Colleges.
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