Headlands Asset, Summit Funding, Golden State Wealth expand to Petaluma Marina
Three financial services companies have leased 11,000 square feet at a south Petaluma office center for expansion.
Headlands Asset Management leased 7,948 square feet at Petaluma Marina Business Center. Summit Funding leased 3,074 square feet, and Golden State Wealth Management attracted seasoned local talent to open an new office in the city.
Headlands Asset Management (headlands.us) is a San Rafael-based private investment firm specializing in residential mortgages. It has more than $800 million under management and has invested nearly $1 billion across eight separate funds and four private label securities to achieve strong risk-adjusted returns on invested capital.
“Three items prompted our move,” said Kristen Decker, chief financial officer. “Traffic, the Sonoma County talent pool and our business growth due to the strengthening real estate market.”
The new location at the junction of Highway 101 and Highway 116 greatly improves the daily commute for the entire Headlands staff, she said.
“We’ve been located in San Rafael for 13 years, and over that time traffic patterns have changed and congestion increased,” she said. “The majority of the 20 people in our office live in Sonoma County, and our new location significantly improves their commutes. Those of us that live in Novato or San Rafael will now have a pretty painless counter-commute.”
Summit Funding (summitfunding.net) expanded its Petaluma office from 200 Kentucky St., suite F. The Sacramento-based company is a mortgage lender that covers the gamut of purchase, refinance and construction. Brent Blaustein oversees the Petaluma office.
“We love Petaluma!” Blaustein said. “And based on the People’s Choice Award and our customer feedback, it’s mutual!”
The Petaluma office recently was voted 2016 Petaluma Argus-Courier’s People’s Choice Mortgage Broker.
Summit Funding opened a three-person small office in the city three years ago, and now the team has grown to nine.
“We outgrew our current downtown Petaluma office, and needed to accommodate our ever expanding team,” Blaustein said.
Mortgage brokers and financial consultants serve Sonoma and Marin counties from the Petaluma office.
“Thanks to a robust economy, interest rates are perfect for first time home purchases and refinancing,” he said. “The forecast for a strong real estate market and current lower interest rates fosters growth in Sonoma County, and Summit Funding is here to help in that endeavor.”
Started in Mendocino County in 2005, Golden State Wealth Management (goldenstatewm.com) is now based in Irvine. Jason Diaz will head up the new 361-square-foot office. He has six years of financial-services experience with Edward Jones Investments and Wells Fargo Advisors, working with retirement, estate, and tax planning, as well as 401K administration, business consulting, and general wealth management. He is a veteran of the U.S. Marine Corps.
Summit Funding was represented by Russel Gallaway of Gallaway Commercial Inc.
Mike Thomason of Keegan & Coppin represented Basin Street Properties, which owns the Petaluma Marina Business Center. Golden State Wealth Management was represented by Mike Thomason of Keegan & Coppin.