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TORRANCE, CA-Toronto-based Avison Young has acquired the assets of R7 Real Estate Inc., a locally based real estate property-management firm. The purchase further expands the Canadian company’s business-line coverage in Los Angeles as 21 employees are added to the firm’s L.A.-area operations from R7.

Effective immediately, Stan Yoshihara, primary principal of R7 Real Estate, joins Avison Young as a principal and managing director of the company’s Southern California asset-services business. He will focus on building Avison young’s management and agency-leasing business in Southern California, as well as working to ensure clients are provided best-in-class services.

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