In 2010, a Commercial Owner’s Association engaged GM Properties to take over management of its 20-unit office condominium complex in Costa Mesa, CA. The change in management was the result of years of poor communication and unaddressed maintenance issues under a previous management company. The board sought a more responsive and knowledgeable firm with hands-on experience in commercial property operations.
When a longtime property management client approached GM Properties about purchasing a multi-tenant industrial property, using a self-directed IRA, the firm’s seasoned team stepped in to guide the investment from acquisition to exit. The client, a knowledgeable investor seeking to diversify away from stock market volatility, used a $1 million balance in his IRA to acquire a commercial property entirely in cash, complying with IRS rules through a third-party custodian.
Managing a commercial property that’s part of a condominium association or improvement district comes with responsibilities that go far beyond the physical building. Association boards are tasked with budgeting, vendor oversight, capital planning, legal compliance, and more—all while coordinating the interests of multiple owners. That’s where Association Management comes in.
Updating a property with solar energy isn’t just about meeting corporate sustainability goals or long-term operational planning goals — it can also reduce operational costs, increase property value, and improve power reliability. With California offering various state-based incentives, property owners can take advantage of cost-saving programs to make solar installations more financially viable.
In September 2024, GM Properties’ brokerage team—Dustin Wheelan, Tyler Portman, and Ben Greer, Vice Presidents of Brokerage—was engaged to sell a ±6,700 SF retail building at 14043 Whittier Blvd. The seller, who had inherited the property through a trust, was motivated to sell quickly and aimed to close by year-end. With just three months to list, secure a buyer, and close escrow, GM Properties needed to act quickly and strategically to meet this deadline.
Earlier this year, GM Properties’ Dustin Wheelan, Vice President Brokerage and Tim Frost, Property Manager, were engaged to sell a multi-tenant commercial building located in Colton, California. Comprised of 30 units, the ± 23,676 sf building had a 40% vacancy rate, which was on par with occupancy trends in the area.
Since 2011, GM Properties has provided Trustee Services on behalf of a confidential family trust, which includes nine income beneficiaries across a diverse commercial real estate portfolio totaling $30M in property assets.
Earlier this year, GM Properties was approached by an owner interested in selling two industrial properties in the Pico Rivera area of Southern California. Although the buildings were near each other, they each presented unique challenges.
In January of this year, GM Properties received a referral from a prominent attorney to assist the owner of a single-tenant, NNN property in Fullerton, CA. The property faced challenges, with the long-term tenant consistently paying under-market rent and being tardy with payments. The tenant, an electromagnetic environmental testing company, had occupied a building in a business park since 2007, with common areas overseen by an association.
GM Properties has provided Property Management and Leasing services to global private real estate investment management Firm since 2021. The client had acquired a 41,000 sf multi-tenant industrial property in Brea, CA that had been under long-term ownership.