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DEVELOPER PROFILE, PROJECT RESUME AND REFERENCES
For more than 30 years, Comstock Homes has established a tradition of creative
design, meticulous construction and careful community planning throughout
California. Quality construction and superior supervision are maintained
throughout the building process to ensure customer satisfaction. Talented
architects, designers and craftsmen work together to create Comstock Homes and
communities that are nothing short of exceptional.
OUR PROMISE
DEVELOPER PROFILE
At Comstock Homes, innovative and progressive real estate solutions not only set the tone for what’s to
come—they also set the standard. Founded in 1979, the family-owned and -operated company takes pride in
its storied history of entitling and developing a variety of projects that have greatly enhanced the quality of life
for their respective communities throughout California. Managed by several of the most talented professionals
in the industry, Comstock Homes is built on over 30 years of quality, family tradition and, above all else, integrity
and reputation.
The firm was originally organized in 1979 in Manhattan Beach, California as a full-service real estate company
primarily specializing in the acquisition and management of passive real estate investments for offshore clients.
As a result of the skill demonstrated by the company in the management of its acquisitions, several of its
clients expressed a strong interest in pursuing development projects. In 1982 its first development project was
completed in West Los Angeles, and, since then, direction has been focused fully on the development and
management of real estate.
Over the next decade, the company successfully developed and leased approximately 3,000,000 square
feet of office and retail space, the completed projects of which are detailed on the project list that follows.
The largest of these projects consisted of a 500,000-square-foot corporate headquarter facility located in San
Jose, California; a 350,000-square-foot power center located in Hawthorne, California; a 380,000-square-
foot lifestyle center located in El Segundo, California, and a 300,000-square-foot regional shopping center
rehabilitation located in Rolling Hills Estates, California.
In 1995 the firm acquired a 70-acre site in West Valley City, Utah. Thirty acres were developed into a 12,000-seat
event center and a 5,000-seat performing arts theater for the city while the balance of the land was developed
with hotels, retail and entertainment facilities.
1995 also saw the company form a partnership with St. Paul Properties, Inc. (now a subsidiary of Travelers
Insurance) and K.V. Mart Co. to develop infill supermarkets throughout California. The venture successfully
completed and subsequently sold projects in the cities of Canoga Park, Lynwood, Eagle Rock and Long Beach.
Comstock currently manages several assets on behalf of St. Paul/Travelers as well as 1.2 million square feet
of Class A retail portfolios along the Rosecrans Avenue corridor in Manhattan Beach, CA, including Manhattan
Gateway and Manhattan Marketplace.
The firm created a residential housing division in 1994 and, since inception, has acquired, entitled, built and sold
29 residential projects with approximately 3,000 units. Currently, the company is in various stages of development
on residential projects totaling approximately 1,700 residential units throughout California, with expected revenue
north of $876 million. Comstock has proven itself to be one of the few California infill developers with the unique
ability to overcome substantial project barriers to create exceptional communities.
company bios
ROBERT W. COMSTOCK, President and Founder
Robert “Bob” Comstock has devoted nearly his entire career to the identification and development of real estate
assets with more than 30 years of success in commercial, retail and residential development.
Born to a career naval officer who relocated his family to the South Bay, Bob attended local schools where
he received several athletic honors. While attending college, Bob began his real estate career by opening a
small real estate brokerage firm specializing in residential sales and management. After the firm grew to 15
salespersons, Bob sold his interest in the firm to a partner in order to pursue a career in commercial real estate.
He joined Security Pacific National Bank as a commercial real estate appraiser, reviewing projects throughout
the nation. Within two years Bob was promoted to vice president and moved into a mortgage banking position
within the bank. In that capacity, he was responsible for making commercial loans in excess of $100 million
throughout the United States and reselling them in the secondary market.
Bob left Security Pacific National Bank to form his own commercial real estate company. The firm was initially
involved in the acquisition and consultation of commercial real estate for offshore clients. During this period, the
firm acquired and managed several retail projects in the southwestern United States.
In addition to Bob’s development activities, he has received a life teaching credential from the Los Angeles
Community College District for teaching real estate appraisal and finance. Bob has served on several committees
for the City of Manhattan Beach, including a long study of housing for the elderly. As a result of his successful
effort to save the Ellwood Mesa, Bob acted as a consultant to the Trust for Public Land and Environmental
Defense Center for a project along the Central Coast. Those efforts led to the highly successful development of
The Bluffs along the Santa Barbara Coast.
Bob holds a Bachelor of Science in business administration and finance from California State University,
Northridge.
THE TEAM
company bios
DAVID M. LAULETTA, Chief Executive Officer
David has over 25 years of experience working in senior-level positions for national and regional-sized real
estate investment and development companies. David has directed and managed multifaceted strategic real
estate investments in feasibility, acquisition, disposition, entitlements, development, financial restructuring and
dispositions.
Prior to joining Comstock Homes, David was the vice president and regional manager for Shea Homes of
Southern California (one of the largest privately held homebuilders in the nation), where he was responsible for
overseeing the homebuilding activity including acquisitions and entitlements in excess of $150 million and home
sales with annual revenues of $200 million. Prior to joining Shea Homes, David worked at various real estate
companies including Empire Land, Woodridge Capital, Langdon Wilson Architect and Calmark Properties,
where he held executive management positions including chief financial officer, senior vice president of asset
management, vice president of finance and area director.
David has been an active participant in many industry associations, held public agency roles and taken on
volunteer positions, including board member of Building Industrial Association of Greater Los Angeles, vice
chairman of planning commissioners for the City of Moorpark, AYSO, Special Olympics and various other
volunteer associations. David holds a Bachelor of Arts from University of California, Santa Barbara in economics,
is a certified public accountant and is a licensed real estate broker in the state of California.
THE TEAM
company bios
NICHOLAS M. LONG, Chief Financial Officer
Nicholas brings over 12 years of professional operations, finance and accounting experience to Comstock
Homes. Nicholas has developed a solid track record of managing through various stages of the real estate cycle
and has developed a high level of expertise in accounting, finance, loss mitigation, acquisitions, dispositions,
asset management, portfolio optimization, financial restructuring, strategic and business plan development,
capital sourcing and operational improvement.
Prior to joining Comstock Homes, Nicholas was the Southern California regional manager of finance and
acquisitions for JF Shea Co. Inc., the parent company for the largest privately held residential homebuilder
in the nation and a leading commercial, retail and multi-family developer and property manager. At Shea, he
was responsible for closing over $400 million in residential for sale, multi-family, retail, commercial and public
facilities transactions. In addition, Nicholas managed over a dozen joint ventures with various institutional and
non-institutional partners, with total capital of approximately $2 billion. He began his career as a certified public
accountant with Deloitte and Touche, LLP, where he managed financial statement audits, M&A, IPOs and debt
issuances on behalf of his clients from a broad range of industries. Over the past few years he has also been
involved in several large real estate restructurings and turnarounds as a financial advisor and real estate expert
as a consulting manager with Kibel Green, Inc.
Nicholas is an active participant in many professional real estate associations, including the BIA, ULI and OREO.
He has also resided as a member of the BIA’s Government Affairs Advisory Board and has been a guest speaker
and panelist on public/private infrastructure financing at University of California, Los Angeles and University of
Southern California. In addition, he is a licensed certified public accountant and real estate broker in the state of
California. Nicholas holds a master’s degree in business administration from University of Southern California,
Marshall School of Business and a Bachelor of Science in accounting and finance from Chapman University,
Argyros School of Business and Economics.
THE TEAM
company bios
THE TEAM
PETE PEREA, Director of Construction
Pete joined the Comstock team in January 2003 and is a key reason for the company’s success in the residential
development business. His strong foundation in construction began during his childhood, a time when he built
homes in the family business. He refined his skills through his time at D.R. Horton, one of the largest builders in
the nation. Pete is a master builder and there is no other way to put it.
Pete was born in Las Cruces, New Mexico, where he lived until his teenage years. His family relocated to
Chino, California, where he graduated from Chino High School. He then began his formal education by studying
architectural design at California State University, Fullerton. Pete officially began his real estate career by taking
an entry-level position in the residential building industry, where he soon became a superintendent. Pete spent
over 15 years in the field as a superintendent, including seven years as a general superintendent. During that
period, Pete built over 20 communities with one of the largest public homebuilders in the nation.
After reaching the goals he set for himself to secure a position in construction management for a well-recognized
homebuilder, Pete joined Comstock Homes as director of construction and has since proven to be a master in
the field. Pete manages the construction and development teams for the company as well as purchasing and
customer service. Since Pete joined the team, the company has had a spotless site safety record, warranty
claims have been minimal and the company has never had a WRAP claim and continues to show a clean
loss history.
ERIC WINQUIST, Asset Manager
Upon graduation, Eric worked for two years with the accounting firm Deloitte and Touche, LLP. He then
accepted a position with the internal audit department of Continental Airlines, where he reviewed all aspects
of the company’s operations, from accounts payable to maintenance operations and operational reviews of
international stations. During this time, Eric became a licensed certified public accountant in the state of Texas.
Eric joined Comstock, Crosser & Associates in June 1996 as assistant controller and assisted in the residential
and commercial areas of the company, including accounting and tax work, acquisition analysis, financing and
property management. Since 2001, he has served as the asset manager for company-owned and third-party-
managed commercial retail, industrial and office properties located in Southern California, with responsibilities
that include managing the development, leasing and operations of the properties.
THE TEAM
company bios
company bios
THE TEAM
DEBRA GEILER, Director of Entitlements
Over the last decade and a half, Debra has negotiated the acquisition and disposition of over 35,000 acres of
important resource lands valued in excess of $250 million. Debra achieved these successes working closely
with landowners and interested stakeholders – negotiating and managing complex real estate transactions from
acquisition to the entitlement process to disposition.
Prior to joining Comstock Homes, Debra served as the Southern California director of The Trust for Public
Land in addition to serving in the real estate investment and development industry. Her law practice focuses
on providing strategic advice to buyers and sellers of complex real estate assets, including plan processing,
regulatory compliance and environmental issues and tax matters.
Debra’s success is grounded in her ability to assess and strategize for multi-benefit outcomes; develop
and implement community outreach and coalition and consensus building; and create and maintain strong
relationships with key local and state policy makers.
Debra earned her Juris Doctor from the University of California, Hastings College of the Law and her Bachelor
of Science degree in finance, real estate and land use from California State University, Sacramento. She is an
attorney and member of the State Bar of California and is a licensed real estate broker in the state of California.
company bios
THE TEAM
TROY BUSSE, Director of Purchasing
Troy has made a career in homebuilding since 1999. After graduating from the University of Oregon with a
master’s degree in business administration and Bachelor of Science in finance and marketing, he headed east
to start working toward a profession in the construction industry. Troy began his journey as a superintendent
constructing homes for John Wieland Homes and Neighborhoods in Atlanta, Georgia. Through hard work
and dedication, Troy became a key team member delivering quality-built homes to satisfied customers and
dramatically reducing warranty claims. A project management position with a smaller builder offered Troy a
chance to expand his knowledge base before opening up his own construction management company in 2005.
With the housing market entering a transition, Troy decided to relocate back to the West Coast, closer to family
and friends. In 2007 Troy joined the purchasing team of Shapell Homes. It was there that he was able to bridge
his years of experience in the field and business background. Troy began working for Shapell as a purchasing
agent and, throughout the course of his time there, developed many key process improvements, earning a
position as their lead purchasing manager overseeing multiple projects in diverse geographic areas of Southern
California.
In 2013 Troy joined Comstock Homes as director of purchasing and leads the efforts for developing trade partner
relationships, enhancing procurement processes and discovering efficient design solutions.
company bios
THE TEAM
JEFF MALONE, Director of Project Manager
During his 25-year career in the homebuilding industry, Jeff has held positions as a customer service
representative, project superintendent, purchasing manager, sales associate and senior project manager. Jeff
was born in Los Angeles and graduated from the University of Southern California. He currently holds a California
real estate broker license.
Jeff’s early career experience was gained working in California for Citation Builders, the Donald Bren Company
Malone Homes (a family-operated homebuilder) and The William Lyon Company. A six-year period was spent with
Richmond American Homes in Tucson, Arizona, where he gained varied experience selling homes, managing
purchasing operations and working in land acquisition, land development and project management disciplines.
Jeff’s most recent experience was with Standard Pacific Homes in Ventura County and included management
of over 30 single- and multi-family home communities, including management of two large master-planned
communities, Dos Vientos Ranch in Newbury Park and RiverPark in Oxnard.
Jeff manages several projects for Comstock Homes throughout Southern California. His expertise in entitlements,
scheduling, development management and problem solving has proven to be extremely valuable to the company.
HARRIET RAPISTA, Project Manager
Harriet Rapista was born and raised in Southern California. After graduating from Whitney High School in
Cerritos, California, she attended University of California, Los Angeles to earn her Bachelor of Science degree in
civil engineering. Shortly after graduation, Harriet was offered her first job in the industry at ESI/FME Structural
Engineers, where she spent five years doing the structural engineering for several projects serving many of the
top homebuilders in Southern California until deciding to become more involved with the development side.
Following her decision, she joined EPAC Homes, where she was a project manager for high-end semi-custom
home projects in San Diego and Los Angeles counties. After her time at EPAC, Harriet joined Western Pacific
Housing in Irvine, which later was acquired by D.R. Horton, one of America’s largest public homebuilders. At
D.R. Horton, she worked with the project managers to develop many subdivision home projects throughout
Riverside County as the director of forward planning.
Harriet first joined Comstock Homes in late 2007 and was primarily responsible for project management and
project analysis. She managed all aspects of the Villages at Heritage Springs project in Santa Fe Springs. After
leaving Comstock in late 2010, she joined City Ventures and worked on several communities in Orange and Los
Angeles counties, with most of her time spent on the Monrovia Nursery site in Glendora.
Harriet rejoined the Comstock team in February 2014 and is excited to be back. She assisted in the closeout of
the Villages at Heritage Springs project and will work on Villa Portofino in Palm Desert, other desert communities
and feasibility for future acquisitions.
THE TEAM
company bios
RON MAZZIOTTI, Site Supervisor
With over 30 years of diverse experience in the construction industry, Ron joined Comstock Homes in April 2012
as site supervisor. With a work history spanning the entire homebuilding range of responsibilities, Ron brings to
the team valuable insight and knowledge of on-site and off-site construction management.
Over the years Ron worked in the capacity of customer service/supervisor, project manager, and vice president
of construction. In 1990 Ron went to work for a Ventura-based land development company, where he remained
for over 18 years. He started as a project manager and advanced to vice president of construction/division
manager for its northern, central and southern divisions. Ron’s work experience includes developing small-lot
subdivisions, building single-family homes, condominiums and 12,000- to 20,000-square-foot custom estates,
and the development of a golf course, strip malls, apartment complexes and a hotel.
Ron worked as a consultant providing expertise in land design, map/permit processing and bids and more.
He has established a reputation for completing projects on time and below budget with a higher-end product
exceeding client expectations.
Ron has a degree in construction management and certificates in construction technologies.
THE TEAM
company bios
JOSEPH PERRI, Director of Finance and Acquisitions
Throughout his career, Joseph has been an integral part of the acquisition, financing, development, management
and disposition of over $3.75 billion of real estate. He has consulted and transacted on numerous developments
and product types, including single-family homes, residential condominiums, high-rise office towers, retail space,
multi-family assets, self-storage facilities and infill mixed-use projects. Joseph is experienced working directly
with large investment and commercial banks, pension funds, equity institutions and high-networth individuals
throughout the capital stack. At Comstock Homes Joseph oversees the analysis of acquisition targets, assists
with the management of existing assets and is heavily involved with overall business planning efforts.
Prior to joining Comstock Homes, Joseph was responsible for new project underwriting and oversaw the creation
of acquisition, development and construction joint ventures as Vice President for ETCO Homes, a private
developer. He also spent several years at Thomas Properties Group, where he worked as an associate on the
acquisition and management of Class A operating assets in Southern California, Texas and Northern Virginia.
Prior to that, Joseph was a senior analyst at TriMont Real East Advisors and managed numerous asset types
with various workout strategies. Joseph began his career in development with KB Home.
Joseph prides himself on his commitment to success through his detailed analysis and understanding of
projects, cultivating long-term relationships within the industry and his fundamental love of real estate. Joseph
is a Southern California native and holds a Bachelor of Science degree in business administration with an
emphasis in real estate finance from the University of Southern California, Marshall School of Business.
THE TEAM
company bios
active residential portfolio
ACTIVE RESIDENTIAL
VILLA PORTOFINO Country Club Drive/Portola AvenuePALM DESERT41 detached and 245 attached single-family residences 33.6 acres 30,000-square-foot private clubhouse/restaurant Estimated Project Value: $87,000,000
VillaPortofino.com
SUMMIT 800 Brotherhood Way / Junipero Serra BoulevardSAN FRANCISCO60 detached and 122 attached single-family residences 7.69 acres Estimated Project Value: $225,000,000
Summit800.com
THE AXIS AT RIVERPARK N. Ventura Road/N. Oxnard BoulevardOXNARD91 detached single-family residences Estimated Project Value: $47,000,000
elacoraRiverPark.com
HARMONY GROVE Harmony Grove Road/Country Club DriveNORTH SAN DIEGO110-acre residential development Estimated Project Value: $150,000,000
elacora SPRINGVILLECAMARILLO315 homesites.These homes include 4 distinct product types. The products will include single-family attached and detached plans.
springvilleelacora.com
THE DISTRICT AT RIVERPARK N. Ventura Road/N. Oxnard BoulevardOXNARD113 detached single-family residences Estimated Project Value: $48,500,000
elacoraRiverPark.com
VILLAGE AT LOS CARNEROS Los Carneros Road/Calle KoralGOLETA56 detached and 265 attached single-family residences 43 acres and 144 apartment units. Estimated Project Value: $194,000,000
coming soon
COMING SOON
elacora MIDTOWNEHEALDSBURG
completed residential portfolio
COMPLETED RESIDENTIALVILLAGES AT SANTA FE SPRINGS Telegraph Road/Bloomfield AvenueSANTA FE SPRINGS186 detached and 326 attached units 150 apartment units 54 acres Estimated Project Value: $230,000,000
THE BLUFFS ALONG THE SANTA BARBARA COAST Hollister Road and Santa Barbara Shores ParkGOLETA62 detached residences 20 acres
TheBluffsSBCoast.com
TRADITIONS AT THE GREENS West El Segundo Boulevard and Van Ness AvenueHAWTHORNEA 108-unit detached housing project for entry-level and move-up buyers Total Project Value: $20,000,000
MONTEREY PINES Lomita Boulevard and Neptune AvenueCARSONA 69-unit detached single-family development price range of $180,000 to $200,000 per home Total Project Value: $14,000,000
CAMBRIA PINES 228th Street and Main StreetCARSON165-lot, 20-acre single-family residential development Total Project Value: $17,000,000
SAN PEDRO PINES Miraflores Avenue and North Gaffey StreetSAN PEDRO10 affordable single-family homes Total Project Value: $2,650,000
THE KNOB OF NAPLES Colorado Street and Reedley StreetLONG BEACH27-lot single-family residential development Total Project Value: $7,000,000
THE GROVE Roscoe Boulevard and Reedley StreetPANORAMA CITY17 single-family residences 3.32 acres Total Project Value: $4,000,000
THE TERRACES Glickman AvenueTEMPLE CITY24 single-family residences 2.976 acres Total Project Value: $7,500,000
VICTORIA ESTATES Victoria Avenue Between 76th and 78th StreetsINGLEWOOD13 single-family residences 2 acres Total Project Value: $3,280,000
BURNET VILLAS Burnet AvenueNORTH HILLS (CITY OF LOS ANGELES)33 detached residences 3 acres Total Project Value: $7,456,000
BONITA VILLAGE 675 E. Bonita AvenuePOMONA117 lots 20 acres Total Project Value: $11,900,000
SYLMAR TERRACES 15231 Polk StreetSYLMAR24 single-family residences 5.5 acres Total Project Value: $7,308,000
completed residential portfolio
COMPLETED RESIDENTIALLEMONA VILLAS 15231 Polk StreetSYLMAR24 single-family residences 5.5 acres Total Project Value: $7,308,000
ANAHEIM VILLAS Knott AvenueANAHEIM18 detached residences 2 acres Value: $6,708,000
PROMONTORY AT SIGNAL HILL Skyline DriveSIGNAL HILL250 single-family residences 36 acres Value: $120,000,000
CREEKSIDE Holt Avenue and Grand AvenueWEST COVINA46 detached residences 9.1 acres Value: $19,000,000
RANCHO VERDUGO AT SHADOW HILLS Wentworth AvenueSHADOW HILLS57 detached residences 47 acres Value: $37,000,000
SONOMA VILLAS Dronfield Avenue/Carl StreetPACOIMA39 detached residences 3 acres Value: $13,650,000
NORTHWIND VILLAS Noble Avenue/Lemona AvenueNORTH HILLS26 detached residences 2.15 acres Value: $9,100,000
CITRUS VILLAS West Katella Avenue and Carnelian StreetANAHEIM16 townhomes 1 acre Value: $8,580,000
MEADOWCREST VILLAS Oxnard Boulevard and Robert AvenueOXNARD50 detached residences 5 acres Value: $18,000,000
RIVIERA VILLAS Palos Verdes Drive and Pacific Coast HighwayREDONDO BEACH14 townhomes 0.76 acres Value: $12,600,000
BELLA VISTA 220th StreetCARSON11 detached condominium units 1 acre Value: $6,600,000
OAK HILL COURT Archibald Avenue/Oak Hill DriveONTARIO36 attached condominium units 2.81 acres Estimated Project Value: $12,960,000
VERANDA CREST Rosemead Blvd/Catherine StreetPICO RIVERA42 attached condominium units 3.12 acres Estimated Project Value: $21,000,000
completed commercial portfolio
HUNTINGTON PARK SHOPPING CENTER Northeast Corner of Pacific Boulevard and Randolph Street HUNTINGTON PARK
A commercial redevelopment project consisting of approximately 94,000 square feet of rentable space. Major tenants are Superior Warehouse Supermarket and Pep Boys. Value: $16,000,000
MANHATTAN MARKETPLACE 1500 Rosecrans Avenue MANHATTAN BEACHA 110,000-square-foot shopping center located in an affluent community, approximately 4 miles south of the Los Angeles International Airport. The center, within a strong retail market, is one of the area’s premier retail developments and has a high traffic count and a broad national tenant mix. Anchored by Bristol Farms and CVS Pharmacy. The center was completed in 1991. Value: $28,000,000
GLEN COURT SHOPPING CENTER 5221 Rosecrans AvenueHAWTHORNEA 3.5-acre site located on Rosecrans Avenue at the 405 freeway. This redevelopment project is in a neighborhood shopping center containing approximately 31,500 square feet. The Center is currently 85% leased. Ground was broken March 1990 and completion was January 1991. Value: $6,300,000
OCEANGATE COMMERCE CENTER 5150 Rosecrans Avenue HAWTHORNEA promotional center located at the southeast intersection of Rosecrans Avenue and the 405 freeway. It was a redevelopment project consisting of approximately 350,000 square feet of retail space. Groundbreaking occurred in January 1991 and all phases were essentially completed and leased by mid-1993. Home Depot, Toys “R” Us and Kids “R” Us opened for business in 1991; Staples, SportMart, Ross Dress for Less, Michael’s and Food 4 Less opened in the first quarter of 1993. Value: $40,000,000
PENINSULA SHOPPING CENTER Silver Spur Road and Hawthorne Boulevard ROLLING HILLS ESTATESA 300,000-square-foot regional center located at Hawthorne Boulevard and Silver Spur Road on the Palos Verdes Peninsula. It was purchased for $25,000,000 in June 1992, and shortly thereafter approximately 50% of the center was renovated and released, at a total additional cost of approximately $8,000,000 anchored by Vons Pavilions and Thrifty Drug Store. Value: $45,000,000
COMPLETED COMMERCIAL
Manhattan Marketplace The EdgeThe Collection
completed commercial portfolio
COMPLETED COMMERCIAL
VALU+ MARKETPLACE OF LYNWOOD Southeast Intersection of Atlantic Avenue and Abott Road LYNWOODThe development consists of a 68,000-square-foot neighborhood shopping center anchored by Valu+ Food Warehouse, a subsidiary of K.V. Mart Co. In addition to Valu+, Chief Auto Parts, Blockbuster Entertainment and McDonald’s executed leases. The center was completed in fall 1996 and is 100% leased. Value: $8,200,000
CANOGA PARK SHOPPING CENTER Northeast Intersection of Vanowen Street and De Soto Avenue CANOGA PARKThe center contains approximately 50,000 square feet of existing retail space, which was rehabilitated to include a new Valu+ Food Warehouse of approximately 30,000 square feet. Existing tenants include Jack in the Box, Sunray Cleaners, Off the Bolt Fabric Shop, Yum Yum Donuts, Hair Designs by Marie and Bambino’s Restaurant. Rehabilitation construction was completed in spring 1997. Value: $7,335,000
EAGLE ROCK SHOPPING CENTER Southwest Intersection of Eagle Rock and Fairpark Drive EAGLE ROCKThe center contains approximately 65,219 square feet of existing retail space. Existing tenants are Osco Drugs, Super A Food, Kentucky Fried Chicken, Warehouse, Subway and other local tenants. Value: $8,300,000
MANHATTAN GATEWAY 1800 Rosecrans Avenue MANHATTAN BEACHThe center consists of approximately 99,000 square feet of retail space and 8,000 square feet of restaurant space. The tenants include the following: REI, Gateway Computers, Barnes & Noble, Pier 1 Imports, Old Navy, Trader Joe’s and more. Value: $19,000,000
TOWN CENTER WEST SIGNAL HILLAn 84,000-square-foot retail center. This is a redevelopment project with acquisition assistance provided by the Signal Hill RDA. The center was completed in the second quarter of 2001. Tenants include Food 4 Less, Starbucks and a combination McDonalds/Chevron/convenience store. Value: $12,000,000
2000 LONG BEACH BOULEVARD LONG BEACHA new development completed in September 2001. The major tenant is Top Value Supermarket. Approximately 10,000 square feet of shop and restaurant space are included and are fully leased. Value: $5,000,000
The CollectionManhattan Gateway Manhattan Gateway
completed commercial portfolio
COMPLETED COMMERCIAL
FOSTER COURT Foster Road and San Antonio Drive NORWALKSelf-storage facility (rezoned from residential parcel) 7.6 acres Value: $9,500,000
THE ARBORS AT RANCHO PENASQUITOS 12979 Rancho Penasquitos Boulevard SAN DIEGO92-unit assisted living facility 2.75 acres Value: $10,000,000
PARSONS HOUSE AT EAGLE RUN 144th and Eagle Run Drive OMAHA, NEBRASKA86-unit assisted living Alzheimer’s facility 84,000 square feet Value: $9,000,000
PLAZA EL SEGUNDO Rosecrans Avenue and Sepulveda Boulevard EL SEGUNDO (WWW.PLAZAELSEGUNDO.COM)385,000-square-foot regional shopping center 40 acres Value: $220,000,000
THE POINT - EL SEGUNDOEL SEGUNDO8-acre high-end retail development 70,000 square feet under development Value: $60,000,000
Plaza El SegundoManhattan Marketplace The Edge
completed office portfolio
COMPLETED OFFICE
4640 LANKERSHIM BOULEVARDNORTH HOLLYWOODA 76,000-square-foot, six-story Class A office building and four-level parking garage. The structure was completed in mid-1983 and is currently 90% leased to tenants that include NBC, Hewlett Packard and GTE. Value: $11,500,000
10474 SANTA MONICA BOULEVARDLOS ANGELESA 54,000-square-foot, three-story Class A office building constructed over two levels of parking. This project was completed in mid-1983 and is currently 85% leased. The major tenant is National Education Corporation (a NYSE firm), which occupies two full floors. Value: $12,000,000
321 12TH STREETMANHATTAN BEACHThe company, for use as its corporate headquarters, constructed this 8,000-square-foot office building. It was completed in July 1984. Value: $2,300,000
101 NORTH SEPULVEDA BOULEVARDEL SEGUNDOA 210,000-square-foot, three-story Class A office building constructed over three subterranean parking levels. The shell was completed in August 1985, at which time the building was 100% leased by Hughes Aircraft Company. Sold to Shuwa Investments (Japan). Value: $38,000,000
GOLDEN TRIANGLE CORPORATE CENTERSAN JOSETwo three-story and two six-story Class A office/R&D buildings (555,000 square feet total). The buildings were completed in August 1985. Ford Aerospace Corporation, for use as its Western Regional Headquarters, purchased this project in its entirety in 1987. Value: $92,000,000
QUAIL HILL OFFICE BUILDING SAN RAFAELA five-story Class A office building of approximately 60,000 square feet, which was completed in late 1985. The building is currently 100% leased and was sold in 1990 to Commerce Clearing House. Value: $12,000,000
ULTRASYSTEMS BUILDING EL SEGUNDOA two-story concrete tilt-up office building containing 40,000 square feet of rental space. This is a build-to-suit project for UltraSystems Defense and Space, Inc. The building was completed and occupied on November 1, 1985. Value: $8,000,000
completed office portfolio
CIGNA HEALTH CARE FACILITY MANHATTAN BEACHA two-story concrete tilt-up office building containing 40,000 square feet. This was a build-to-suit for CIGNA HealthPlans of California. The building was completed in December 1986. Sold to Taiyo Investments (Japan). Value: $11,500,000
615 NORTH NASH STREET EL SEGUNDOThis is a two-story office/R&D building, constructed over one parking level, containing 45,000 square feet of rentable space. It was leased to Martin Marietta Corporation, General Research Corporation, Sparta and GTE. Value: $9,100,000
2335 ALASKA AVENUE EL SEGUNDOA two-story office building containing 48,000 square feet of rentable space. Parking is provided at a ratio of four cars per 1,000 square feet of rentable area. Groundbreaking occurred in summer 1987, and the shell was completed in the second quarter of 1988. Sold upon completion to Aura Systems. Value: $6,000,000
PIER PLAZA REDONDO BEACHA 68,600-square-foot office project located on the waterfront overlooking the newly constructed Redondo Beach Municipal Pier. Leasing opportunities range from 1,000 square feet to 10,000 square feet. The project was 50% occupied when acquired and an extensive remodel and lease campaign was established to reposition the site to 100% occupancy. Value: $5,500,000
DEL AMO BUSINESS PLAZA TORRANCEA 117,000-square-foot office project consisting of three-story buildings, located at Hawthorne Boulevard and Torrance Boulevard. The project was acquired in February 1997 and is now 81% leased. Value: $10,000,000
SKYPARK MEDICAL BUILDING TORRANCEA 35,000-square-foot medical office building consisting of two stories on 5.2 acres. The project was acquired in September of 1992 and is currently 95% leased. Value: $6,000,000
COMPLETED OFFICE
references
REFERENCES
LEWIS N. WOLFF Chairman/Chief Executive OfficerWOLFF URBAN DEVELOPMENT, LLC
11828 La Grange Avenue, Suite 200 Los Angeles, California 90025 310/477-3593
WILLIAM B. SEITH Partner BROOKFIELD HOMES SERVICES LLC
3090 Bristol Street, Suite 240 Costa Mesa, California 92626 714/427-6868
JAMES C. ADAMS President ST. PAUL PROPERTIES, INC.
385 Washington Street St. Paul, Minnesota 55102 651/310-8429
SANDRA C. STEWART COX, CASTLE & NICHOLSON LLP
2049 Century Park East, 28th Floor Los Angeles, California 90067 310/284-2250
LINDA KROP ENVIRONMENTAL DEFENSE CENTER
906 Gardena Street Santa Barbara, California 93101 805/963-1622
DARIOUSH KHALEDI Chairman, CEO K.V. MART CO.
1245 East Watson Center Road Carson, California 90745 310/816-0200
CRAIG C. BARTO President SIGNAL HILL PETROLEUM, INC.
2633 Cherry Avenue Signal Hill, California 90755 562/595-6440
corporate references
city references
REFERENCES
SHERI REPP-LOADSMAN Manager, Developmental Services CITY OF CARSON
701 East Carson Street Carson, California 90745 310/830-7600
KURT H. ANDERSON Director CITY OF NORWALK
12700 Norwalk Boulevard Norwalk, California 90651-1030 562/929-5740
TIM GILES City Attorney CITY OF GOLETA
130 Cremona Drive, Suite B Goleta, California 93117 805/961-7500
KARL BERGER City Attorney CITY OF SANTA PAULA
970 Ventura Street Santa Paula, California 93060 805/525-4478
THADDEUS J. McCORMACK City Manager CITY OF SANTA FE SPRINGS
11710 Telegraph Road Santa Fe Springs, California 90670 562/868-0511
WILLIAM C. ROUNDS Councilmember CITY OF SANTA FE SPRINGS
11710 Telegraph Road Santa Fe Springs, California 90670 562/868-0511
city references
financial references
REFERENCES
R. WILLIAM INSERRA, JR. Vice President Asset Management ST. PAUL FIRE & MARINE INSURANCE COMPANY
385 Washington Street, Mail Code NB512A St. Paul, Minnesota 55102 651/310-8449
MARK HAGEN Vice President Controller ST. PAUL FIRE & MARINE INSURANCE COMPANY
385 Washington Street, Mail Code NB512A St. Paul, Minnesota 55102 651/310-2089
PATTI VOLLMER Vice President & Sr. Relationship Manager AMERICAN BUSINESS BANK
523 West 6th Street, Suite 900 Los Angeles, California 90014 213/430-4000
BRYAN D. BORDERS Senior Vice President FIRST COMMUNITY BANK
438 First Street Santa Rosa, California 95401 707/636-9056
MARCEL J.C. ARSENAULT Principal REAL CAPITAL SOLUTIONS
371 Centennial Parkway, Suite 200 Louisville, California 80027-1360 303/466-2500
JAMES PAYNE Relationship Manager U.S. BANK COMMERCIAL REAL ESTATE
950 17th Street, Third Floor Denver, Colorado 80202 303/585-8744
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a subsidiary of: COMSTOCK CROSSER & ASSOCIATES DEVELOPMENT COMPANY
COMSTOCK HOMES321 12th Street Manhattan Beach, CA 90266 310/546-5781 310/545-2802 Fax
www.Comstock-Homes.com
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