Press Releases

DAUM Commercial Real Estate Services, a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, investment sales, and property management, announces its South Bay office has relocated to a larger, newly renovated space in Torrance, California.

The move, which takes place after 40 years in an office around the corner from the new space, is intended to accommodate the firm’s recent and future growth in the Los Angeles market, according to Brad Levin, EVP, Principal, and South Bay Co-Branch Manager at DAUM Commercial.

“After four decades in our previous location, DAUM’s South Bay team has established a deep connection to the market and a robust network of trusted industry relationships in this area of Los Angeles,” says Levin. “These relationships have enabled us to expand our team of commercial real estate professionals, requiring more spacious offices with modern amenities. The relocation allows us to support this expansion while better serving our clients’ needs in the market now and moving forward.”

Brad Levin and Chuck Brill stepped into the Branch Management positions in July 2022. The team previously served within DAUM’s South Bay office as executive vice presidents and principals for more than 30 years. Given their substantial transaction experience and impressive track record in the region, the promotions are directly in line with the firm’s larger strategic expansion within the South Bay. In their new roles, the team will play an essential role in revitalizing the South Bay office through directing the charge on continued growth initiatives and mentorship of the next generation of DAUM.

“A company’s ongoing success stems from its strong internal culture and ability to inspire and build lasting business success,” says Levin. “DAUM embodies an entrepreneurial spirit for its agents. We understand the importance of sitting on both sides of the table and provide each employee with the right tools to build life-long success both professionally and personally.”

In addition, the relocation to upgraded space will assist DAUM in attracting high-caliber young talent and providing workspaces for several newly hired team members in the South Bay, Levin notes.

The South Bay office is pleased to announce the addition of three promising new team members as part of its strategic growth vision: Jack Stone, Associate; Allen De Leon, Intern; and Darion Tahmasebi, Intern.

Jack Stone previously served with DAUM in the Woodland Hills office for over four years. His experience includes representing a wide range of owners and tenants, from multi-billion-dollar corporations to family-owned Los Angeles–based companies. Prior to joining DAUM, Jack graduated from the University of Missouri with a degree in Business Management. Jack’s enthusiasm and superior track record place him as an ideal candidate to further the South Bay office growth trajectory.

Allen De Leon is a licensed real estate salesperson and actively pursuing a degree in Business Administration from the USC Marshall School of Business with an emphasis on Real Estate Finance. Prior to joining DAUM, Allen served with various real estate firms and gained vast sales experience throughout the Southern California market. Allen’s drive and real estate acumen will be valuable resources for the DAUM team.

Darion Tahmasebi is a licensed real estate salesperson and actively pursuing a degree in Business Administration from Santa Monica College. With a range of real estate and finance experience including a deep understanding of transactions, market analytics, and loan processing, Darion will be an exceptional asset to the DAUM team.
In their roles as interns at the South Bay office, Allen and Darion will support the brokerage team on transaction initiatives and participate in ongoing mentorship and educational training programs.

DAUM’s new South Bay office is located at Pacific Gateway, a 237,145 square-foot, 10-story office building originally built in 1981 and recently renovated. The property is situated at a high-profile address adjacent to the 405, 110, and 91 freeways.

“The location of our new offices is ideal for our team as it allows us to remain connected to our immediate South Bay industrial market, provides easy access to major roadways, and is centrally located between LAX and the Los Angeles and Long Beach Ports,” says Chuck Brill, EVP, Principal, and South Bay Co-Branch Manager at DAUM Commercial.

Pacific Gateway, which features a Gensler-designed lobby and exterior renovations, offers a new indoor/outdoor tenant amenity center with conference facilities, a smart market, lounge, and games. Additional common amenities include a mobile dry-cleaning service, car wash and detailing service, ample on-site parking, food trucks, dog run, and tenant fitness and health events.

The office suite where DAUM will be located was recently dramatically refurbished and features new modern design elements including polished concrete floors, exposed ceilings, and LED lighting. Overlooking the Goodyear Blimp staging area, the space is located on the eighth floor and offers a floor-to-ceiling glass line that allows for a sweeping panoramic views of Downtown Los Angeles, SOFI Stadium, and the L.A. and Long Beach ports.

“Younger brokers will undoubtedly be drawn to our new and trendy office environment with its impressive amenities and convenient location in the L.A. market,” notes Brill.
DAUM’s new South Bay office is located at 19191 Vermont Avenue, Suite 850, in Torrance, California.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has 11 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

DAUM Commercial Real Estate Services, a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, investment sales, and property management, announces Rusher Air Conditioning’s acquisition of a 16,680 square-foot industrial building in Lawndale, a City in Los Angeles, California, for $5.52 million. The buyer, Rusher Air Conditioning, is a 77-year-old company that designs and installs commercial heating and cooling systems.

Michael Collins, Vice Chairman and Director of DAUM’s Capital Markets Group, and Dustin Hullinger, Associate Vice President of DAUM’s Capital Markets Group represented the buyer in the transaction. Brian Held of CBRE’s South Bay office represented the seller, The Sendy Hartwell Trust.

Through their depth of understanding and extensive expertise in Los Angeles’ industrial sector, the DAUM team was able to identify a property to meet their client’s specific requirements.

“Rusher Air, a preeminent Southern California company that has been in existence for more than 75 years, was looking to expand from its 10,000 square-foot facility in Torrance, California to a larger, more efficient headquarters, says Collins. “Our team worked throughout 2022 to source an ideal building in an excellent location in Lawndale that more than suits their needs. We were also successful in assisting the buyer in facilitating a ‘reverse’ exchange and solidifying a loan with favorable terms.”

Lawndale is located in the southwestern area of Los Angeles, where, according to a DAUM report, industrial market direct vacancy remains extremely tight at 1.9% as of Q3. Sales prices rose 11.1% and deal volume increased 73.8% during the quarter, demonstrating investors’ robust interest in this market, says Collins.

Constructed in 1967, the 16,680 square-foot building is accompanied by a large gated, concrete yard which will accommodate Rusher Air’s service vehicles. The central location offers immediate access to Interstate 405, 105, and 110 Freeways with ample space for efficient operation and long-term growth potential.

In addition to directing the acquisition of Rusher Air’s new headquarters, DAUM is exclusively marketing the buyer’s previous headquarters FOR SALE. The property, suitable for contractors and trucking companies that require outside storage, is situated in a highly visible site along Normandie Avenue in Torrance, just south of the 405 Freeway.

“We are pleased to continue serving our client’s commercial real estate needs in the highly competitive Los Angeles industrial market, where finding high-quality assets for sale is challenging,” says Collins.

Rusher will vacate its current headquarters building in February 2023, when it will be available for a new tenant, according to Dave Rusher, Principal and Founder of Rusher Air Conditioning.

“DAUM exceeded our expectations in securing the ideal building for our company to transition into,” says Rusher. “After 77 years of operation, we were in need of expanding but required a very specialized building. Michael Collins and his team surpassed every benchmark and quickly identified the exact building to suit our needs. Thanks to their professionalism and tremendous market knowledge, our company can swiftly make the transition to the new headquarters and continue to run our business seamlessly.”

The newly acquired property is located at 4435 W. 153rd Street, Lawndale, California 90260.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has 11 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

DAUM Commercial Real Estate Services, a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales, and property management, announces the sale of two freestanding industrial buildings in Gardena, California, a South Bay submarket of Los Angeles County, in an off-market transaction for $22.7 million.

Chuck Brill, Executive Vice President, Principal, and South Bay Branch Manager at DAUM Commercial, represented the buyer, Dunbar Real Estate Holdings, LLC, an El Segundo, California-based investor.

With an excellent mix of four credit, national tenants including AutoZone, 3 Day Suit Broker, Off Broadway West, and 4 Wheel Parts, on long-term, below market leases, the property offers a unique investment opportunity to secure a stabilized, net-leased industrial asset with a diversified income stream and guaranteed future upside, says Brill.

“Having recently represented a lessee in a lease transaction regarding one of the vacant units at the subject property, we had established a valuable relationship with the lessee and were made aware of the possibility of the industrial park coming for sale,” explains Brill. “By strategically positioning our client’s offer, we were able to capture the seller’s attention before the property officially came available. Leveraging our extensive understanding of the South Bay market and strong industry partnerships, we collaborated with all parties involved to ultimately beat out multiple all-cash offers despite the buyers ultimately obtaining financing.”

According to a recent DAUM report, the supply-constrained South Bay submarket of Gardena maintains historically low vacancy rates, recording 1.6% direct vacancy in Q4 2022 with an average asking rent of $1.75 per square foot. With a slowdown in acquisitions activity in Q4 combined with the new “Mansion Tax” going into effect halfway through the escrow period—which levies a 5.5% transfer tax upon sales above $10 million in the City of Los Angeles—the DAUM team was able to lock in a lower purchase price, notes Brill.

“We were able to capitalize on our industry knowledge to agilely negotiate a favorable, below-market purchase price of $245 per square foot,” says Brill. “As there is little to no developable industrial land available in the area, we were able to identify this opportunity to secure a rare infill, supply-constrained location that offers tremendous future upside potential for our client.”

Located immediately adjacent to Interstate 405, the property features approximately 400 feet of highly-sought-after freeway frontage with an additional 500 feet of main street frontage along 190th Street. The property comprises two concrete tilt-up buildings totaling 92,640 square feet situated on 3.66 acres. The buildings are fully equipped with 18- and 19-foot clear height, fire sprinklers, dock-high loading doors, private security fenced yards, and ample grade-level parking.

The seller, T.A Properties, LTD—a real estate investment and property management firm, was represented in the transaction by The Altemus Company.

The buildings are located at 1355–1361 W. 190th Street in Gardena, California, a South Bay submarket of Los Angeles County.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of Commercial/Industrial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has 11 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.