Rawson, Blum & Leon and West Valley Properties Form New Company RBL Real Estate, Inc. to Acquire & Develop Retail and Commercial Projects in Western U.S. (2008-11-10)
West Valley Properties, Inc. of Los Altos, Calif., and Rawson, Blum & Leon of San Francisco, Calif. have formed RBL Real Estate, Inc. to acquire, develop and manage retail and commercial properties in the western U.S. The new company will also assist financial institutions and investors in managing, stabilizing, repositioning and/or disposing of their real estate holdings. In addition, RBL Real Estate has the ability to recapitalize existing projects in order to complete development or redevelopment objectives. With more than 4 million square feet of combined property under ownership and management, both companies have the appropriate staffing and resources, as well as previous experience in economic down cycles, to effectively navigate development and leasing issues in order to maximize value.
