Ken Wood joins JLL Value and Risk’s Advisory’s multi-housing practice

Ken Wood

 

LOS ANGELES, CA – JLL’s Value and Risk Advisory platform has hired Ken Wood as a Director in its Los Angeles office.

 

Kai Pan

 Wood will work with Kai Pan, who leads the national multi-housing practice for the group, and Aaron DeCollibus, who leads the West Coast multi-housing team, and will focus on multi-housing value and risk advisory assignments for institutional clients throughout California, Nevada and the Western U.S.

 

Wood joins JLL from Apprise by Walker & Dunlop, where he was a Senior Director focused on multi-housing and affordable housing developments.

Over the course of his nearly 20-year valuation career, he has appraised a diverse selection of asset classes, including multi-housing, retail, office and industrial, as well as specialized assets such as affordable, seniors and student housing; gaming and hospitality; life sciences and data centers.

Aaron DeCollibus

“We’re really excited to add Ken to our platform. He has a deep background across many asset classes and in particular on the multi-housing side, where we continue to see increased client inquiries on the value of their assets and the potential risks associated with rising insurance costs, natural disasters and more,” said Mike Ellis, CEO of JLL’s Value and Risk Advisory platform.

 

Wood graduated from the University of California, Davis with a Bachelor of Arts degree. He is a certified General Real Estate Appraiser in California and Nevada and is a candidate for Designation of the Appraisal Institute.

 

Mike Ellis

For more news, videos and research resources on JLL, please visit our newsroom.

 

U.S. property valuation and tax consulting services are performed by JLL Valuation & Advisory Services, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

Contact:

 

 Kristen Murphy,

 JLL Director,

 Public Relations

Phone: +1 617 543 4873

Email: 

Kristen.Murphy@jll.com    

 

 jll.com

 

 

Stos Partners completes $12.5 million sale of 61,112-sf industrial complex in San Marcos, CA after paying $8.77 million for the asset in 2021

SOLD: 61,112-square-foot industrial complex
located on 3.29 acres at 1545-1565 La Mirada Drive
 in the North County San Diego market of San Marcos, CA 

 

  SAN DIEGO, CA – Stos Partners, one of the most active commercial real estate investment and management firms in Southern California, has announced the successful sale of a 61,112-square-foot industrial complex located on 3.29 acres at 1545-1565 La Mirada Drive in the North County San Diego market of San Marcos, California to a private investor for $12.5 million.

CJ Stos

Stos Partners acquired the property in May 2021 for $8.77 million.  Led by Principal and Founder CJ Stos, Partner Jason Richards, Executive Vice President Jay Boyle and Vice President of Asset Management Travis Gorzeman, the company implemented its value-add strategy and capital improvement program which included a new roof, parking lot, exterior painting, drought resistant landscaping and signage.

Jay Boyle 

Stos Partners was represented by Matt Pourcho, Anthony Delorenzo, and Matt Harris with CBRE along with Chris Roth, Rusty Williams, and Jake Rubendall of Lee & Associates. Brant Aberg and Bryce Aberg with Cushman & Wakefield represented the buyer in the transaction

“The North County San Diego industrial market has seen great demand for specialized manufacturing assets because of its growth in the life science, technology and communications,” says CJ Stos, Principal at Stos Partners. 

Jason Richards

“Our team identified this asset’s value during the initial acquisition in 2021. Through deep relationships with local brokers, we were able to secure a buyer in a timely manner.”

“The North County San Diego industrial market is comprised of 54 million square feet with strong vacancy of 2.2 percent,” said Richards.  “In 2022, we saw over 2.2 million square feet of leasing activity in the market.”

The property is ideally located near the California 78 Freeway, providing convenient access to neighboring communities.  It is also less than one mile from North County San Diego’s largest development, North City, which consists of 200 acres of mixed-use commercial space.

Travis Gorzeman

Competitive building features include 21 grade-level roll-up doors, secured outdoor storage areas, multiple ingress/egress points, and minimal first floor office space.

About Stos Partners

Stos Partners is a privately held commercial real estate investment and management firm that invests in real estate directly and in partnership with high net worth and institutional investors.

 With a track record spanning nearly $1.75 billion in transactions to date, the firm targets the most competitive risk-adjusted returns in the marketplace through value-add acquisitions and strategic repositioning of industrial and multifamily assets of both institutional and small-to-mid-cap commercial properties.

Headquartered in San Diego, California with an office in Orange County, California and Laredo, Texas, Stos Partners’ local expertise and longstanding relationships translate into the ability to source, fund and close transactions quickly and profitably. More information is available at www.stospartners.com.

Matt Pourcho

CONTACT:

 David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”