Stream Sees 50% Y-O-Y Growth in 2013

IRVINE, CA-Stream Realty Partners ended 2013 with 52% year-over-year growth in responsibilities. The firm won 1.56 million square feet of leasing and property-management assignments in the retail, office and industrial sectors throughout Southern California and increased its number of employees, including the recruitment of two new VPs.

The company forecasts continued expansion in 2014 through its consultative approach to maximizing occupancy rates at each property. “The past year has been extremely successful for our firm,” says Colby Annett, co-managing partner of Stream. “In a highly concentrated market, 2013 proved that our strategic approach to leasing and management of commercial properties provides a level of service that is appealing to tenants, owners and investors.”

Among the highlights of Stream's year were:

• 2040 Main; leasing and rebranding responsibilities for the 307,559-square-foot, class-A office building in the Orange County Airport submarket, owned by 2040 Main LLC
• Anaheim Corporate Plaza; leasing and rebranding responsibilities for the 300,158-square-foot complex owned by Seligman Western Enterprises Ltd., which is planning capital improvements beginning this quarter
• Avalon West Hollywood; leasing assignments for the 38,000-square-foot, mixed-use development in the heart of West Hollywood at 7300-7308 Santa Monica Blvd.; completion is scheduled for early 2016
• Fountain Plaza; leasing responsibilities for the 54,677-square-foot office space in Irvine, which is currently 69% leased
• Liberty Property Trust Portfolio; responsible for managing all seven California industrial properties totaling 670,978 square feet
• Newport Plaza; leasing and management of the 107,472-square-foot, class-A office complex, recently purchased by Goldman Sachs
• Von Karman Tech; management and rebranding of the property, as GlobeSt.com previously reported
• Westgate Pasadena; retail space leasing of Phases 2 and 3 for the 12-acre mixed-use development in Pasadena

According to Blaine Annett, co-managing partner of Stream Realty, “With our growing business operations, we recruited new talent that would provide the best services to our clients. Our unique company culture attracts brilliant real estate professionals, and we have added nearly 100 new team members nationwide.”