Ocean West provides a best-in-class team of management and operations professionals who have managed over 55 million square feet of commercial real estate and 6,000 apartment units and completed over 30 million square feet of leasing. From single properties to complete portfolios, Ocean West offers strategic planning and execution for all facets of asset management, property leasing and marketing, facilities management, project management of capital improvements, and asset repositioning.
Ocean West’s extensive experience with both institutional and individual property owners has produced measurable results across a spectrum of services. Decades of expertise as a commercial landlord creates an ‘ownership mentality’ not seen in traditional third-party management companies. By thinking as an owner, Ocean West creates tangible value in the individual investment versus simply maintaining the property.
Ocean West approaches each property management assignment with the mentality of an owner. With the background of owning and managing millions of square feet and thousands of living units, the firm reviews every facet of the asset to insure that expenses are reduced without deferring maintenance or reducing critical tenant services, thereby achieving maximum value. This is accomplished through the following tactics:
- Tenant Relations and Retention Plans
- Lease Administration
- Vendor Service Contract Negotiation and Administration
- Preventative Maintenance
- Fixed Expense Reduction
- Energy Efficiencies and Energy Monitoring
Ocean West’s leasing team has procured tens of millions of square feet of leases at both the institutional and non-institutional level. The team develops and executes leasing strategies based on the client’s ownership and exit objectives to maximize value. Leasing specialists develop asset repositioning programs, stacking plans, and marketing strategies to aggressively pursue new leases, existing tenant renewals/expansions, and broker awareness programs. With deep owner and tenant rep relationships, Ocean West serves as a broker neutral service provider, which can pursue leases directly or coordinate with third party leasing brokers.
- Market Analysis
- Deep Broker and Tenant Rep Relationships
- Proactive Lease Renewals
- Leasing and Asset Management Strategy Integration
- Structured Transactions to Align with Exit Strategy
Ocean West’s professionals have the expertise required to handle a variety of distressed situations including the interim management, leasing, liquidation and/or redevelopment of properties under receivership or owned as REO. Having completed many management assignments for receivers and lenders, the firm understands the importance of conducting an orderly, efficient and speedy transaction. In addition, Receivership Services are provided by an experienced, qualified, court appointed receiver who carries out a full range of property services, including due diligence, valuation coordination (BOV/BPO), marketing, and comprehensive accounting and reporting.
Property Tax Appeal
Ocean West has demonstrated significant real estate tax savings for its clients on properties from large to small. Ocean West can provide an initial feasibility review for an individual property or portfolio to determine the potential for cost savings. The firm can help to determine the cause of the over-assessment, develop support for the appropriate tax assessment, and negotiate with the Assessor's Office for an adjustment to the assessment. Ocean West can also prepare for and conduct hearings before the Assessment Appeals Board (AAB) on those occasions when negotiation with the Office of the Assessor is not fruitful.