NEWPORT BEACH, CA-TMW Real Estate, on behalf of U.S. Property Fund GmbH & Co. K.G., has awarded the exclusive property management, construction management, and co-leasing assignments for the La Jolla Executive Tower to PM Realty Group.

Located in La Jolla, the 227,570-sf building is a 16-story office tower that is 80% occupied. Major tenants in the property are Telephony@Work Inc., GMAC Mortgage and First National Bank.

“This assignment signifies the continued growth of our property management presence in Southern California and further demonstrates our focus on detail and consistency of building management procedures,” says Jim Proehl, SVP and director of PM Realty Group’s Western Division. “We look forward to our expanded relationship with TMW Real Estate and achieving their short-term and long-term objectives with their assets.”

Proehl will direct the property management team on the project and Peter Italiano, VP for Southern California will lead the team.

Founded in 1954, PM Real Group with divisional offices in Houston, Chicago, and Newport Beach, conducts business in almost all 50 states.

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