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LOS ANGELES-Daum Commercial Real Estate Services has become the local affiliate of GVA, making it the latest of seven major real estate service firms to join Evanston, IL-based GVA in the past four months. The move also completes a switch in which Daum and Beitler Commercial of Los Angeles have traded places in terms of national and international network affiliations. Daum formerly was the local affiliate of Dallas, TX-based TCN Worldwide, which Beitler switched to within the past month.

Daum, founded in 1904 and headquartered in the city, maintains a staff of 90 brokers and 10 branch offices. Now known as GVA Daum, the firm “consistently ranks among the top 10 commercial brokerage companies in the greater Los Angeles Basin and is a major player in the metropolitan Phoenix market,” notes Mike Nubel, president of GVA Daum. In 2002, the company ranked as the seventh largest brokerage company in the Greater Los Angeles area.

Besides providing a strong partner for GVA in the metro area, the new alliance provides Daum with “a strong global presence, particularly in New York City, London and other major international markets,” Nubel says. That strong international presence was a key factor in Daum’s decision to link with the international network, Nubel says. He notes that with 1.6 billion sf of industrial space, the Greater Los Angeles basin ranks as the nation¹s largest industrial market. The metro market also totals more than 525 million sf of office space.

Outside of Southern California, Daum has a 30-year presence in the metropolitan Phoenix area, a market consisting of more than 225 million sf of industrial space and 81 million sf of office.

Daum joins other new West Coast affiliates of GVA including Kidder Mathews (Seattle and Portland, OR), Whitney Cressman (San Francisco) and IPC (San Diego), as well as new GVA Pacific Rim partners in Shanghai, Singapore, Hong Kong and Tokyo. GVA is an international organization of nearly almost 3,000 real estate professionals serving approximately 80 markets in 20 countries. In its last report, GVA partners collectively completed more than $12 billion in transactions and managed more than 110 million sf of office, industrial, retail and specialized property.

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