19 November 2012

Canadian commercial real estate firm Avison Young opens new office in Irvine, CA

- 20th location outside Canada 
- Alan Pekarcik and Daniel Vittone become Principals 
- 5 offices and 40 professionals in Southern California region 

Toronto, ON – Mark E. Rose, Chair and CEO of Avison Young, Canada’s largest independently owned commercial real estate services company, announced today the opening of a newly-formed office in Irvine, California. The newest American office marks Avison Young’s 20th market outside of Canada and an additional step in the firm’s ongoing aggressive growth and expansion strategy. 

Over the past three and a half years, Avison Young has grown from 11 to, now, 42 offices in 34 markets and from 300 to more than 1,100 real estate professionals across Canada and the U.S. Effective immediately, Alan Pekarcik and Daniel Vittone join as Principals and will focus on further expanding Avison Young’s brand in the Orange County market. Also joining Avison Young is John Pianta as Senior Financial Analyst. All three members were most recently with Newport Beach, CA-based Voit Real Estate Services,working out of the company’s Irvine, CA office. The full-service real estate firm operates as a real estate owner, operator, broker, property manager, contractor and developer. 

“Avison Young’s expansion into Orange County is of critical importance to our overall Southern California strategic plan. Orange County is the adjacent county south of Los Angeles County and boasts an office inventory of 84.3 million square feet (msf) and 1,130-plus buildings,” comments Rose. “Alan and Dan have a long history of market dominance and leadership throughout Orange County as well as in the national investment sales arena. The respect they have earned in the Southern California real estate community will be of tremendous value to our firm and to our clients.” 

Today’s announcement comes on the heels of Avison Young opening its fourth Los Angeles office in Downtown L.A. earlier this month with Derrick Moore joining as a Principal. In addition, Avison Young opened offices in Raleigh-Durham, Detroit and South Florida last month, and acquired New Jersey based project management firm, The Walsh Company, LLC. Since April, Avison Young has also opened new offices in San Francisco, New York, Pittsburgh, Charleston, SC, New Jersey, and another Los Angeles-area office in Santa Monica. 

Avison Young opened its first Los Angeles office in August 2011 with industry veteran Neil Resnick joining as a Principal, followed by a second Los Angeles office in December 2011 through the acquisition of Ramsey-Shilling Commercial Real Estate Services, Inc. In March 2012, industry leader Christopher Cooper joined as a Principal and Managing Director of the Southern California region. In September, Avison Young acquired Starrpoint Commercial Partners, Inc. and opened athird L.A. office in Santa Monica. Two weeks ago, Avison Young opened its fourth Los Angeles office in Downtown L.A. The new Irvine office will expand Avison Young’s Southern California region to five offices and 40 professionals. 

Founded in 1978, Avison Young is Canada's largest independently-owned commercial real estate services company. Headquartered in Toronto, Ontario, Avison Young is also the largest Canadian owned, principal-managed commercial real estate brokerage firm in North America. It has more than 1,100 real estate professionals in 42 offices across Canada and the U.S. 

Source: Avison Young