We are pleased to announce that we have placed 1441 Richards Blvd, a two building IOS/automotive property in Sacramento, California, under contract. The purchase price is $5.25 million (total anticipated project cost is $6.02 million), and we are raising $2.7 million in LP equity. We expect to close in mid-September. Given the deal’s compelling return…
Family legacy lies at the core of what makes a family business special. It is building something tangible that financially supports the family and doing it with the people you love the most. This week I had the chance to visit the island my mom grew up on and to learn more about her family’s…
I am excited to announce the successful completion of our self-storage development in Sonoma, CA with Frontera Real Estate Investments. This project has been especially rewarding to open as it is adjacent to our existing, highly successful facility in the area. The new site spans 3.94 acres and provides 72,450 square feet of storage space…
We are excited to announce that Frontera West has closed on its 8th self-storage acquisition. ABC Mini Storage embodies all that we love about value-add self-storage. ABC Mini Storage is a 77,000 sf facility located in southeast Reno adjacent to the Reno-Tahoe International Airport. The property’s in-place rental rates are over 40% below market with…
January 16, 2024 We closed on our first value add deal with Frontera Real Estate Investments since August 2022 last month. After a long dry spell, we found a deal that we loved and it wasn’t necessarily in our target sweet spot (buy/sell within 3-5 years). It was a long-term hold in a tertiary market…
The 2022 Excellence in Structural Engineering Awards program has given an Award of Merit in the category Retrofit/Alteration to the work Tipping Structural Engineers did for the Westlake Realty Headquarters at 520 South El Camino Real in San Mateo. Congratulations to Mike Korolyk and Tipping Structural!
Westlake Realty Group recently announced the promotion of two key members of the firm’s team, Jeff Bak and Kelly Chang Levine, and the addition of Billy Keller to the development team. Bak has been promoted to Vice President, Asset Management at Westlake Realty Group. He first joined the Company in June of 2017 taking on…
Westlake Lido Faire Shopping Center has been selected for the 2021 Best of Newark Award in the Shopping Mall category by the Newark Award Program. Each year, the Newark Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the…
San Francisco Bay Area Power Women, scheduled for Thursday May 28, 2020, recognizes and honors dynamic women in commercial real estate for their outstanding achievements in the office, their industry and our communities. Presented by Allen Matkins. Read more at bisnow.com.
As the oldest grandchild of Westlake Realty Group founder T.M. Chang, Kristina Chang, President, Westlake Realty Group, grew up in the family business, spending her childhood touring properties with her grandfather, walking roofs, conducting property tours and inspections, and experiencing every aspect of the business, which at that time included a chain of grocery stores…
