CORFAC News

Contact:
Judith Brower/Jenn Quader
Brower, Miller & Cole
(949) 955-7940
JQuader@browermillercole.com

Orange County, CA (September 17, 2012) – As part of Voit Real Estate Services/CORFAC International’s continuing initiative to provide strategic solutions to investors seeking properties throughout the Western United States, Joe Newman has been named Regional Director of Asset Services for Southern California. In this role, Newman will oversee Voit’s asset services operations in Orange County, Los Angeles, San Diego, and the Inland Empire, according to Mark Read, Executive Managing Director for Voit.

“We have seen a spike in investors re-entering the market and making deals throughout Southern California,” Read says. “Joe’s expertise with institutional and private owners makes him an excellent fit for Voit, where we already think and act like a surrogate owner, because we are an owner.”

Read notes that Newman will spearhead the firm’s work with large investors who are looking to Voit to act as an underwriting and acquisitions agent, as well as an operator in many cases.

“Our asset services team is well-positioned to provide clients with the business planning, strategy, due diligence, and underwriting they need to analyze and execute both core and value-add investments,” Read added.

According to Chris Wood, Managing Director of Voit’s San Diego region, “Joe Newman’s expertise and long-standing client relationships in San Diego are particularly exciting for Voit in this region.  Since initiating the delivery of asset services in San Diego in 2011, we have successfully concluded management and disposition assignments on nearly 300,000 square feet of predominantly distressed product on behalf of financial institutions and special servicers.  Currently, our local portfolio of assets under management consists of approximately 550,000 square feet of office, industrial and retail product, one third of which is now fully stabilized.  The addition of Joe Newman to our team is perfectly timed with the recovery of San Diego’s commercial property markets and our shift of focus to larger, stabilized assets and portfolios that we will deliver broad based ownership services to on behalf of clients with long-term investment horizons. We have every expectation for exponential growth of our managed and leased portfolios over the next several years.”

Prior to joining Voit, Newman served as Director of CBRE San Diego’s asset services division and downtown brokerage office. There he led over 50 professionals who managed a commercial property portfolio of 16.5 million square feet throughout San Diego County. Newman has more than 30 years of experience in the commercial real estate industry, including 25 years with CBRE.

Newman’s expertise consists of directing management, leasing, project management, and real estate consulting services for numerous clients, including major institutional investors, realty/pension fund advisors and private ownership entities. 

Earlier in his career, Newman served as Senior Vice President/Regional Manager for Koll Management Services.

Newman has served in various positions and been recognized by the Institute of Real Estate Management (IREM), the Building Owners and Managers Association (BOMA) and the International Council of Shopping Centers (ICSC).  He served as president of the San Diego IREM Chapter in 2001, earning his chapter the title of “National Chapter of the Year” during his presidency. 

About Voit Real Estate Services/CORFAC International
Voit Real Estate Services is now a 10 office commercial real estate firm that, through its brokerage and asset services professionals working together, provides strategic property solutions tailored to clients' needs.  Combining 40 years of expertise in brokerage, investment advisory, financial analysis, market research, asset management, tenant advisory and property management services, Voit provides clients with forward looking strategies that create value for their assets and portfolios.

Voit is a privately held, debt-free firm that has successfully navigated numerous market cycles since 1971 and currently employs more than 250 people. Voit has owned, developed and managed over 50 million square feet of commercial real estate, participated in $1.4 billion of construction projects and completed over $36 billion in brokerage transaction volume. Further information is available at www.voitco.com.