The Business Journal profiled 23 leading managers of North Bay investment real estate. That includes office, industrial, retail, multifamily and single-family properties for which the owners have entrusted handling of tenant relations, marketing, maintenance and other related services.
Two of the managers are from nonprofit housing developers that also are among the largest property-management companies in the North Bay.
Senior managing director for client solutions, Cushman & Wakefield of California; 1 Maritime Plaza, Ste. 900, San Francisco 94111; 415-773-3503; www.cushwake.com
Mr. Arce, 56, is the company’s national head of investor services, responsible for property management and agency leasing. Part of that is management of 801,358 square feet of space, including facilities that are part of an August management contract with Pacific Gas & Electric Co.
Mr. Arce came to Cushman & Wakefield in 2001, managing more than 29 million square feet of investor and corporate user accounts in the San Francisco Bay Area, Nevada and Utah.
He started in the industry in 1980 after earning an MBA in real estate from U.C. Berkeley. Mr. Arce formed a general contracting renovation company called Arce Construction. Later he was senior vice president with Wilson Cornerstone Properties and regional manager at investment asset manager RREEF.
Distressed assets are being taken back by lenders at an increasing rate, and property managers are on the front line of stabilizing and repositioning these assets, according to Mr. Arce. Stable assets need maximum current value through retained tenants and contained costs. Property and facility managers are in high demand for corporate outsourcing, as businesses seek to control costs and bring in best practices.
“Property management will play an extremely important role in real estate in this cycle,” Mr. Arce said. “The focus is on the operations of the asset, so tenant retention and expense controls are key. Property management will also play a key role in working on the stabilization of distressed assets that are washing through the system.”
Last year Cushman & Wakefield formed the Resolution Group to help lenders develop and carry out strategies for distressed assets.
Principal, Dede’s Rental & Property Management; 1150 Coddingtown Circle, Ste. B, Santa Rosa 95401; 707-523-4500; www.dedesrentals.com
Mr. Becker leads a 37-year-old firm that manages about 400 single-family homes for 230 owners, many of which own only one rental.
President, Century 21 Bundesen Real Estate Management; 612 Petaluma Blvd. S., Petaluma 94952; 707-762-7777; www.bundesen.com
Mr. Bundesen, 46, has four full-time managers handling 400 single-family, multifamily and commercial properties. His father and uncle, Herb and Paul Bundesen, started the company in 1963. Karl Bundesen joined in 1985, became a partner in 1988 and acquired full ownership in 1991.
Three trends affecting property management, according to Mr. Bundesen, are acquisition by asset management companies of foreclosed homes to lease, increasing prevalence of marijuana-growing operations in rented homes and excess inventory in the marketplace.
CPM, CSM, president, Eugene Burger Management Corp.; 6600 Hunter Drive, Rohnert Park 94928; 707-584-5123; www.ebmc.com