History - Westlake Realty

History

A Westlake Realty Timeline

1972: Westlake Development Established

Westlake Development Company is established with the purchase of Westlake Shopping Center in Daly City, CA and two properties in Kobe, Japan.

1974: T.M.Chang moves to US

T.M. Chang moves from Japan to the United States, putting down roots in the Bay Area.

1975: Headquarters

Westlake Development Company purchases its marquee headquarter building at 520 South El Camino Real in San Mateo, CA.

1978: William H.C. Chang

William H.C. Chang joins Westlake Development Company.

1979: Purchase of Newark Valencia Land

Westlake Development Company purchases the land for its first residential development project, Valencia Townhomes in Newark, CA.

1979: Expansion

Westlake Development Company expands its footprint into China with the commencement of the Golden Bridge Mansion development project.

1981: First Construction Project Completed

Construction of Valencia Townhomes in Newark, CA is completed as the first development and construction project by Westlake Builders.

1981: Westlake Builders

Westlake Builders is established as the construction arm of Westlake Development Company with William H.C. Chang assuming the role as President.

1983: 909 Montgomery

909 Montgomery Building is constructed as the company’s first commercial development project by Westlake Development Company & Westlake Builders.

1989: Tallest Building in Shanghai

Westlake Development Company completes the construction of Golden Bridge Mansion, making it the tallest building in Shanghai at the time.

1999: Expanding International Footprint

Westlake Development Company expands its international footprint in Japan with the purchase of a property in Yokohama-Shi, Kanagawa, Japan.

2001: William H.C. Chang | Chairman & CEO

T.M. Chang steps down as the head of the Company and William H.C. Chang assumes the role of Chairman & CEO of Westlake Realty Group, Inc.

2001: Westlake Realty Group

Westlake Development Company rebrands to Westlake Realty Group, triggering the liquidation of its business in China over the course of the next five years.

2002: Westlake International Group

Westlake Realty Group establishes Westlake International Group as the arm of the company in charge of all alternative investment projects.

2002: Restructuring

Westlake Realty Group sells Westlake Shopping Center, signifying a major restructuring as a new generation takes the reins of the company.

2004: San Francisco Giants

Westlake International Group invests in the San Francisco Giants.

2005: Westlake Urban

Westlake Realty Group establishes Westlake Urban as the arm of the company in charge of all development projects.

2005: Transit Oriented Development

Westlake Urban commences the development project of San Leandro Tech Campus as its first major development initiative, while also introducing Westlake to the vertical of Transit Oriented Development (TOD).