Training Example: Kearny Real Estate Company – Review the Data, Give Your Score & Compare to the Real AI Evaluation

Kearny Homepagepabrigo2024-07-12T20:21:23+00:00
$5.4 billion in transactions since 1993
[H3] WHAT WE DO
Kearny Real Estate Company is a vertically integrated operating company specializing in the acquisition, development, asset management and property management of office, industrial and land assets in Southern California.
[H4] Development
[H4] Joint Ventures
[H4] Acquisitions
[H4] Asset Mgmt
[H4] Property Mgmt
[H3] OUR PARTNERS
Kearny manages investments held in joint venture with both institutional and private investors, as well as third party assignments.
[IMG: Kearny Partners]
“In the six years I served as Mayor of El Segundo, I never worked with a more professional firm than Kearny Real Estate. Their efforts to help us save the Los Angeles Air Force Base were unparalleled. I have nothing but the greatest respect and admiration for Jeff Dritley and his team.”
– late Mike Gordon, former Mayor of El Segundo
What Others Have to Say

Acquisition Criteriapabrigo2025-10-27T17:09:29+00:00
[H1] Acquisition Criteria
[H3] Kearny cooperates with brokers and owners to source new investments consistent with the following criteria:
Asset Type
Office (suburban and urban, low to high-rise)
Industrial (warehouse, distribution, e-commerce, flex)
Land
Value
$20mm+
Market
Southern California
Risk Profile
Core Plus to Opportunistic
(including entitlement and development)
Hold Period
2-10+ years

Teampabrigo2026-01-27T00:51:52+00:00
[H1] Meet our Team
[IMG: Jeff Dritley]
Jeff DritleyChairman/FounderChairman/Founder
Mr. Dritley has more than thirty seven years of experience in the real estate industry. His experience has ranged from the acquisition, development …
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[H2] Jeff Dritley
[H5] Chairman/Founder
Mr. Dritley has more than thirty seven years of experience in the real estate industry. His experience has ranged from the acquisition, development and redevelopment of over 20 million sf of properties in Southern California to creating and managing an organization with over 100 employees in Asia, Europe and the U.S. focused on restructuring non-performing loans.  Kearny has been involved in approx. $5.4 billion of projects since 1993.
Mr. Dritley was previously a Managing Director of Morgan Stanley. From 1993 to 2001, he was responsible for the Morgan Stanley Real Estate Fund’s West Coast operations and was a member of the global investment committee. Noteworthy transactions included leading the recapitalization effort for Playa Vista, purchasing the $300 million Chevron Land Portfolio, purchasing the 3,200 acre former McClellan Air Force Base in Sacramento, purchasing 1.4 million acres of land in Northern Nevada from Santa Fe Railroad, and purchasing and working out $1.8 billion in non-performing debt portfolios. From 1986 to 1993, Mr. Dritley was with The Koll Company, a major real estate development company in the Western U.S. where he was Division President for the Los Angeles County area. From 1979 to 1984, Mr. Dritley was employed by Peat, Marwick, Mitchell in Kansas City and the global executive offices in New York City.
Mr. Dritley is currently serving on the Boards of KBS REITs II & III.  He was a board member of Bixby Land Company, a private REIT from 2008 – 2016 and a Senior Advisor to Trigate Property Partners a real estate private equity firm which manages a partnership with CalSTRS. He is also active in several professional organizations, including Urban Land Institute, where he is a Global Trustee, and the Los Angeles Chapter of the National Association of Industrial and Office Parks, of which he is a past-president. His community involvement includes serving on the board of the Neighborhood Youth Association in Venice, California. Mr. Dritley is a Certified Public Accountant and holds a bachelor’s degree in Business Administration from the University of Missouri and an MBA from Harvard Business School.
[IMG: Jennifer Barnett]
Jennifer BarnettControllerMs. Barnett is the Controller for Kearny Real Estate Company. Ms. Barnett oversees the accounting staff, tax and financial reporting for all Kearny investments…
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[H2] Jennifer Barnett
[H5] Controller
Ms. Barnett is the Controller for Kearny Real Estate Company. Ms. Barnett oversees the accounting staff, tax and financial reporting for all Kearny investments. Prior to joining Kearny Real Estate, Ms. Barnett worked for Transwestern Commercial Services, and Wilson Cornerstone. Ms. Barnett is experienced in many property management software systems including; MRI, CTI, Skyline, Horizon, and AMSI. Ms. Barnett attended Los Angeles Pierce College.
[IMG: Dan Broder]
Dan BroderVice PresidentMr. Broder joined Kearny Real Estate in 2018. His responsibilities as Vice President include seeing projects through the entirety of their life cycle from acquisition …
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[H2] Dan Broder
[H5] Vice President
Mr. Broder joined Kearny Real Estate in 2018. His responsibilities as Vice President include seeing projects through the entirety of their life cycle from acquisition through disposition. This encompasses sourcing new opportunities, managing debt and equity capital relationships, overseeing pre-development design and entitlements with cities and government agencies, construction, and leasing and asset management. He is focused on the Los Angeles and Orange County markets.
Prior to joining Kearny, Mr. Broder held positions with The Ratkovich Company and LocalConstruct, two real estate development companies based in Los Angeles. At The Ratkovich Company, he worked primarily on underwriting new development opportunities, office and retail leasing, as well as parking revenue strategy at The Bloc, a mixed-use adaptive reuse project in Downtown Los Angeles. At LocalConstruct, he worked across ground-up and value-add multifamily and mixed-use projects in all phases of the development process.
Mr. Broder also spent five years advising on housing and community development policy issues in the U.S. Congress.
He holds MBA and Master of Urban and Regional Planning degrees from UCLA and a BA from the University of Michigan. He is a board member of UCLA’s Real Estate Alumni Group and is an active member of NAIOP.
[IMG: Sandriena Brown]
Sandriena BrownSenior AccountantMs. Brown is a Senior Accountant with Kearny Real Estate Company. She holds a Bachelor of Science in Business Administration with an emphasis…
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[H2] Sandriena Brown
[H5] Senior Accountant
Ms. Brown is a Senior Accountant with Kearny Real Estate Company. She holds a Bachelor of Science in Business Administration with an emphasis in Accountancy from California State University, Los Angeles. Prior to joining Kearny, Ms. Brown worked for Arden Realty Inc., a GE Capital Real Estate company as a Property Accountant.
[IMG: Miles Cruz]
Miles CruzSenior Property ManagerMs. Cruz has over 15 years of property management experience. She has managed a diverse portfolio of properties-office, residential, retail & industrial…
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[H2] Miles Cruz
[H5] Senior Property Manager
Ms. Cruz has over 15 years of property management experience. She has managed a diverse portfolio of properties-office, residential, retail & industrial throughout her real estate career. She joined Kearny in 2004. She is currently managing a 44.9 acre business park consisting of 23 buildings. She is responsible for overseeing property management operations, lease administration, budget preparation, CAM reconciliation, vendor contract management, tenant improvement & tenant/vendor relations.
Ms. Cruz earned her Bachelor of Arts degree at Far Eastern University, Philippines. She is a BOMA certified Real Property Administrator and holds a real estate salesperson license.
[IMG: Eric Dritley]
Eric DritleySenior Project ManagerMr. Dritley joined the Los Angeles office of Kearny Real Estate in 2022. He is responsible for the project and asset management of current projects…
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[H2]
[H2] Eric Dritley
[H5] Senior Project Manager
Mr. Dritley joined the Los Angeles office of Kearny Real Estate in 2022. He is responsible for the project and asset management of current projects and existing properties held within Kearny’s portfolio.
Before joining Kearny, Mr. Dritley was a Relationship Manager at Civic Financial Services, a private lender providing financing to real estate investors across the nation. At Civic, Mr. Dritley worked with underwriting, operations, and capital markets to help create a correspondent lending program providing lenders with a warehouse line of credit to originate loans. His main responsibilities included the sourcing, training, and management of partnerships with high performing lenders.
Previously, Mr. Dritley worked as the Director of Business Development at PeerStreet, a two-sided marketplace for investing in real estate debt. He was responsible for sourcing and underwriting single and multi-family loans while working closely with lenders across the country to efficiently move deals through the pipeline.
Mr. Dritley holds a BA in Economics from Santa Clara University.
[IMG: Hoonie Kang]
Hoonie KangManaging PartnerMr. Kang is Managing Partner with Kearny Real Estate Company and has been with the company since 2001. His responsibilities include the origination and execution…
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[H2] Hoonie Kang
[H5] Managing Partner
Mr. Kang is Managing Partner with Kearny Real Estate Company and has been with the company since 2001. His responsibilities include the origination and execution of acquisitions, as well as the development management, asset management and dispositions of Kearny’s current development projects. Mr. Kang played an instrumental role in the acquisition of four million sf of properties as well as one hundred non-performing loans totaling $500 million. Mr. Kang took part in the successful RFP process and the development of the Los Angeles Air Force Base office campus in El Segundo as well as acquisitions of Torrance Industrial Exchange, Century Business Center, Hawthorne Airport, Heritage Corporate Center, Newport Corporate Plaza, Elevate@Harbor and The Press. He continues to serve as the asset/development manager for many of these assets.
Prior to joining Kearny, Mr. Kang was with L.J. Melody & Company, the investment-banking arm of CBRE where he analyzed various capital structures including equity, joint ventures, and debt from various sources such as private investors, institutional investors, life/insurance companies, conduits, and mezzanine lenders. Mr. Kang has also held a NASD-licensed, supervisory position with Liberty Mutual Funds. Mr. Kang’s community involvement includes serving the board of directors for Business Finance Capital, a 504-SBA loan clearinghouse focused on loans to small businesses in southern California as well as serving on the board of directors for Economic Resources Corporation, whose mission is to promote economic development in underserved neighborhoods in Los Angeles County through targeted real estate investments.
Mr. Kang has a Bachelor’s Degree in Economics from Harvard College and is a member of Mensa.
[IMG: Doreen Liou]
Doreen LiouVice PresidentMs. Liou is a Vice President with Kearny Real Estate Company and joined the firm in 2026. Her responsibilities cover the full investment life cycle …
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[H2] Doreen Liou
[H5] Vice President
Ms. Liou is a Vice President with Kearny Real Estate Company and joined the firm in 2026. Her responsibilities cover the full investment life cycle and include the origination and execution of acquisitions, management of capital relationships, development management, asset management, and dispositions.
Prior to joining Kearny, Ms. Liou served as a Vice President of Development and Investments at Trammell Crow Company where she focused on industrial and mixed-use ground up developments including The Center at Needham Ranch, a 1.7m sf industrial park, La Plaza Village, a multifamily and retail mixed-use complex, and the entitlement of District NoHo, a 16-ac mixed-use masterplan consisting of retail, multifamily, and office. Earlier in her career, Ms. Liou held various roles in capital projects advisory, construction, and engineering with KPMG, Bernards, and Maison WorleyParsons.
She holds an MBA from The Wharton School at the University of Pennsylvania and a BS in Civil Engineering – Building Science from the University of Southern California. She is an active member of ULI and NAIOP board member.
.
[IMG: Corrie Llamas]
Corrie LlamasOffice ManagerMs. Llamas is the Office Manager at Kearny Real Estate Company and has been with the company since 2001. She is responsible for the day to day operations…
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[H2] Corrie Llamas
[H5] Office Manager
Ms. Llamas is the Office Manager at Kearny Real Estate Company and has been with the company since 2001. She is responsible for the day to day operations of the office which includes payroll, human resources, benefits administration, marketing, purchasing, IT and other technology issues and administrative assistance as needed.
Prior to joining Kearny, Ms. Llamas worked for Interactive Video Technology which provides production, management, distribution and monitoring of live and on-demand webcasts. Prior to IVT, she was with CB Richard Ellis Asset Management Group and was responsible for coordination of property management proposals and presentations and was the liaison between the asset group and CB’s human resources.
[IMG: Nicole Petsch]
Nicole PetschProperty ManagerMs. Petsch is a Property Manager for Kearny Real Estate Company in Santa Fe Springs and joined the company in 2016. Her key responsibilities …
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[H2] Nicole Petsch
[H5] Property Manager
Ms. Petsch is a Property Manager for Kearny Real Estate Company in Santa Fe Springs and joined the company in 2016. Her key responsibilities include coordinating maintenance calls, vendor and tenant relations, administering vendor contracts, and ensuring tenant and vendor insurance compliance. She also assists in the distribution of monthly client financial statements and the G/L coding of Accounts Payable invoices.
Prior to joining Kearny, Nicole worked as a Junior Accountant at Tricom Management Inc., which manages timeshares. She has over 3 years experience in Accounting preparing financial statements, completing bank reconciliations, and executing full A/P cycles. Nicole earned her Bachelor’s degree in Business Administration with a concentration in General Management from California State University, Fullerton.
[IMG: Michael Peinado]
Michael PeinadoProperty ManagerMr. Peinado joined Kearny in 2024 and has brought over 15 years of experience in the commercial real estate industry on the investor relations …
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[H2] Michael Peinado
[H5] Property Manager
Mr. Peinado joined Kearny in 2024 and has brought over 15 years of experience in the commercial real estate industry on the investor relations side and property management. He has managed a diverse portfolio of properties including industrial, office, biotech, and government contractor R&D. Michael brings experience interfacing with a wide spectrum of tenants, including cutting edge tech developers and high-profile professional sports figures and organizations. Michael helps oversee Heritage Corporate Center, a 44.9-acre business park consisting of 23 buildings. He is responsible for assisting in managing day-to-day operations, including tenant and vendor relations, lease administration, and accounts receivable.
Mr. Peinado holds a Real Estate Salesperson license.
[IMG: Anne Price]
Anne PriceDirector of Property ManagementMs. Price is the Director of Property Management and joined the company in 2002. Her primary responsibilities include asset, property …
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[H2] Anne Price
[H5] Director of Property Management
Ms. Price is the Director of Property Management and joined the company in 2002. Her primary responsibilities include asset, property and construction management for Kearny’s five million square-foot office, R&D and industrial portfolio with a client base, including REITs, institutional and private ownership structures. Third party assignments comprise the majority of projects under management with the remainder being joint venture Kearny partnerships and commercial property owners associations. In addition to daily operational oversight, Anne interfaces directly with clients coordinating acquisition due diligence effo

Projectspabrigo2026-04-15T17:03:05+00:00
[H1] Projects
Past & present
[H2] Harbor Logistics Center
[H5] Santa Ana, CA
* A 9.6 acre site Kearny purchased in February 2023 ...
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[H2] Otay Border Crossing (OBX)
[H5] Otay Mesa, CA
26.1 acre site in East Otay Mesa, acquired in March 2022. Four industrial buildings ...
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[H2] Irwindale Gateway
[H5] Irwindale, CA
68 acre site Kearny purchased in October 2021. Former gravel quarry mined to 180 feet ...
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[H2] Corona Lakeside Logistics Center
[H5] Corona, CA
37 acres in Corona, CA former quarry, backfilled with construction debris. Kearny has started construction ...
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[H2] Torrance Industrial Exchange
[H5] Torrance, CA
20.7 acres in Torrance, CA formerly owned by a Refinary. Kearny is designing two buildings ...
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[H2] Elevate@Harbor
[H5] Santa Ana, CA
Two buildings totaling 197,370 sf in the South Coast Metro market purchased in a joint venture with Sequoia ...
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[H2] Otay Crossings Commerce Park
[H5] San Diego, CA
Land entitlement and development joint venture with PCCP since 2007...
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[H2] Emerald Plaza
[H5] San Diego, CA
Iconic downtown Class A office tower purchased in December, 2016 in a joint venture with PCCP...
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[H2] Heritage Corporate Center
[H5] Santa Fe Springs, CA
Kearny previously owned in 2001-2004, and re-acquired March 2016; 23 buildings with over 724,154 sf leased...
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[H2] Five Thirty B Street
[H5] San Diego, CA
Acquired January 2014; sold Feb. 2016; 232,936 sf office building located on the B-Street Corridor of downtown SD...
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[H2] LA Air Force Base
[H5] El Segundo, CA
In 2003, Kearny was selected for the Los Angeles Air Force Base (LAAFB) build-to-suit and private sector...
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[H2] Century Business Center
[H5] Hawthorne, CA
$150mm adaptive re-use project; 2.4mm sf of metal manufacturing/aviation buildings...
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[H2] The Press
[H5] Costa Mesa, CA
$100mm adaptive re-use of former LA Times printing plant in joint venture with Tribune Real Estate Holdings...
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[H2] Mission Center Office Park
[H5] San Diego, CA
3 Class B office buildings totaling 181,000 sf; Completed a multi-million dollar renovation...
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[H2] Newport Corporate Plaza
[H5] Newport Beach, CA
In June 2014, Kearny purchased 17 of the 24 properties in the Newport Corporate Plaza office park...
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[H2] Ocean View Hills Corporate Center
[H5] Otay Mesa, CA
Located in the Otay Mesa submarket of San Diego, Kearny asset and property manages...
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[H2] Moreno Valley
[H5] Moreno Valley, CA
52-acre land parcel acquisition with Sequoia Capital; Completed EIR and all entitlement approvals ahead...
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[H2] Pasadena Corporate Park
[H5] Pasadena, CA
Former 265,000 sf Xerox research facility; Adaptive re-use
Stripped structure to steel frame...
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[H2] Grand Avenue Corporate Center
[H5] El Segundo, CA
Purchased in 1996 as part of the Chevron Land portfolio; Master planned the 23 acre...
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[H2] Infonet Build-to-Suit
[H5] El Segundo, CA
Kearny and Infonet worked as partners to design, develop and value engineer the development...
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[H2] Nokia Build-to-Suit
[H5] Poway, CA
Completed two separate build-to-suit buildings for Nokia Mobile Phones totaling 325,000 sf...
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[H2] Warner Center Business Center
[H5] Woodland Hills, CA
15 building 468,889 sf business park located in Woodland Hills, California $1M building...
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[H2] Warnerview Corporate Center
[H5] Woodland Hills, CA
Three story 60,000 sf Class “A” office building Completed a significant rehabilitation...
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[H2] 1700 Walnut
[H5] El Segundo, CA
Six-story 118,000 sf office building; $4 million rehabilitation and re-tenanting program to enhance lobbies...
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[H2] Kearny South Bay Business Park
[H5] Carson, CA
42-acre, 708,000 sf former Nissan campus; Converted campus to 13 stand-alone...
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[H2] 24100 Orange Avenue
[H5] Perris, CA
Secured a 20-year ground lease and successfully processed a Mitigated Negative Declaration...
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[H2] Otay Mesa Industrial
[H5] Otay Mesa, CA
Entitled 90 acres in 2005 and completed on and off-site street improvements; Phase I, Britannia...
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[H2] Nuevo Business Park
[H5] Perris, CA
76 acres acquired in four phases beginning in November 2004; Completed EIR and Tentative Map...
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[H2] Seacliff Business Center
[H5] Huntington Beach, CA
16.5 acres consisting of several non-contiguous parcels throughout Huntington Beach, as part of the Chevron...
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[H2] Westside Business Center
[H5] Temecula, CA
Kearny acquired 56 acres of Westside Business Centre in Temecula in June 2000; The 56 acres were...
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[H2] Remington Business Center
[H5] Temecula, CA
Remington consists of 127,063 sf in 24 industrial condominium units ranging from 3,915 sf...
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[H2] Scotts Build-to-Suit
[H5] Temecula, CA
Located on 22.5 acres, the building is 412,580 sf and is the worldwide manufacturing and distribution...
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[H2] Kearny Industrial Fund
[H5] -Various-
Partnership between Kearny Real Estate Company and Morgan Stanley Real Estate’s $15 billion...
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[H2] 42301 Zevo Drive – Temecula Industrial
[H5] Temecula, CA
Located in the Westside Business Centre in Temecula, Kearny acquired...
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[H2] Hawthorne Airport
[H5] Hawthorne, CA
45-year ground lease with the City of Hawthorne for the non-runway portions of the Airport; Completed the...
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[H2] 15330 Avenue of Science
[H5] San Diego, CA
A partnership of Kearny and TriGate Capital, acquired a this vacant 74,000 sf R&D Building...
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[H2] Bakersfield Airport Business Center
[H5] Bakersfield, CA
Bakersfield Airport Business Center is a 450 acre master-planned industrial park...
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[H2] Sun Life Portfolio
[H5] -Various-
In June 2012, Kearny in partnership with MSREF VII Global acquired an $89 million portfolio of performing...
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[H2] Menifee Retail
[H5] -Menifee, CA-
The owner engaged Kearny to manage the entitlements for a future retail center on 27.3 acres...
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[H2] Far East Bank Portfolio
[H5] -Various-
In August 2011, Kearny in partnership with MSREF VII Global acquired a $52 million portfolio...
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[H2] China Trust Bank Portfolio
[H5] -Various-
In March 2011, Kearny in partnership with Morgan Stanley Real Estate Investing acquired...
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[H2] Central Pacific Bank Portfolio
[H5] -Various-
In September 2010, Kearny in partnership with MSREF VII Global acquired a $155M...
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[H2] Chevron Land Portfolio
[H5] -Various-
In 1996, Kearny Real Estate Company, along with Morgan Stanley Real Estate Fund II, LP (“MSREF”)...
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[H2] Union Bank, IBJ and Bank of Cal Portfolios
[H5] -Various-
Union Bank, IBJ and Bank of Cal Portfolios; In 1994 Kearny acquired three portfolios...
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[H2] Kearny Street Portfolio
[H5] -Various-
In June 1993, Kearny Street Real Estate Company acquired a $1.36 billion portfolio of non-performing loans...
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[H2] Harbor Logistics Center, Santa Ana, CA
A 9.6 acre site Kearny purchased in February 2023
Site was previously a two-building office campus. Kearny successfully bought the existing tenants out of their leases and demolished the office buildings, completed construction on a 163k SF industrial building in Q1 2025.
Full building lease signed in July 2025
Contact: [email protected]
[H2] Otay Border Crossing (OBX), Otay Mesa, CA
26.1-acre site in East Otay Mesa, acquired in March 2022
Four industrial buildings (351K sf) + a 3.6-acre outdoor storage yard
Construction commenced Q1 2023 with delivery in Q3 2024
Contact: Jeff Givens [email protected]
www.otaybordercrossings.com
[H2] Irwindale Gateway, Irwindale, CA
A 66 acre site purchased in October 2021.
Entitlement, including Specific Plan & Development Agreement, were received in 1Q 2025 allowing for 1mm sf of warehouse/distribution, manufacturing, cold storage, and battery energy storage systems (BESS).
Kearny sold 16 acres in July 2025 to a BESS operator. 37 net acres remain with the ability to develop up to 700,000 sf of industrial.
Gateway is a former gravel quarry mined to 180 feet below grade and filled with inert materials. Remedial grading is ongoing to remove and recompact uncertified fill, with expected completion in Q4 2026.
Recent Flyover: https://youtu.be/RMoYpUSyweE
Website: www.irwindalegateway.com
Contact: [email protected]
[H2] Corona Lakeside Logistics Center, Corona, CA
Kearny executed a 99-year ground lease for this 37 acre site in March 2021.
The site is a former quarry, backfilled with 1.2 million yards of inert construction debris. The inert debris was excavated & placed back as certified fill.
Kearny received entitlement approvals to develop 730,000 sf of industrial buildings from the City of Corona, Riverside County Department of Env. Health, Santa Ana RWQCB, South Coast AQMD, Army Corp of Engineers and CA Fish and Wildlife.
Kearny completed construction of the five buildings in 2Q 2023
The project sold in 2Q 2023 on a forward contract and was the largest ground lease transfer in Inland Empire history.
Website: www.coronalakeside.com
Contact:   [email protected]
[H2] Torrance Industrial Exchange, Torrance, CA
20.7 acres that Kearny and PCCP purchased August 2019, sold to Oaktree Capital Management in April 2023.  Kearny remains property and leasing manager.
Site was previously a refinery. Kearny processed a Response Plan through the Regional Water Quality Control Board, and completed the shallow soil remediation to facilitate development in 2021.
Kearny completed construction of two buildings totaling 430,000 sf  in March 2023.
“The Kearny team has been very good to work with.  For the property we transacted, there were many challenges and complexities and at each step in the process, the Kearny folks were cooperative, pragmatic and willing to find ways to work through the challenges.  They were always professional and reasonable, and we would certainly entertain other transactions with them in the future as we bring additional properties to the market.  We also understand they maintained a good relationship with the municipality involved in approvals and entitlements for the property.” – Jeffrey Dill, PBF Refinery
Website: https://www.torranceindustrial.exchange/
Contact: [email protected]
[H2] Elevate@Harbor, ​Santa Ana, CA
Two buildings totaling 197,370 sf in the South Coast Metro market purchased in a joint venture with Sequoia Heritage in 2018
Kearny re-capitalized the project in 2023 (see Harbor Logistics Center) to re-develop property into 163,000 sf class-A industrial project
[H2] Otay Crossings Commerce Park / San Diego, CA
Land entitlement and development joint venture with PCCP since 2007
311 acres on the Mexican border with new toll road and Port of Entry (border crossing)
Completed Supplemental EIR, Tentative Map, and four Final Maps for 23 industrial
Acquired additional 229 acres for off-site mitigation
Agency approvals from County of San Diego, Army Corps of Engineers, California Fish and Wildlife, and Caltrans.
120 acres condemned and paid for by Caltrans in 2019 for SR-11 freeway extension and future port of entry
Lot sales occurred from 2019 through 2023, totaling $130mm in sale proceeds
Contact Jeff Givens [email protected]
McKinney Trailer BTS profile
[H2] Emerald Plaza / San Diego, CA
Iconic downtown 30-story Class A office tower purchased in December 2016 in a joint venture with PCCP
Project was 70% leased, now 84% leased (outpacing 27% vacant Class A office market)
Completed $8mm in capital improvements including new restrooms, lobby, and full elevator modernization.
Leasing: CBRE
[email protected]
858-546-2637
www.emeraldplazasd.com
[H2] Heritage Corporate Center / Santa Fe Springs, CA
Kearny previously owned in 2001-2004, and re-acquired March 2016
23 buildings; 724,154 sf leased to a mix of industrial, flex, and office tenants
Asset and property management on behalf of Morgan Stanley’s Prime Fund
Long term hold with stable tenancy and strong cash flow
Reduced controllable expenses by 15% through proactive management
Brokerage: CBRE
[email protected]
(562)968-1150
http://www.heritagesfs.com/
[H2] Five Thirty B Street / San Diego, CA
Acquired January 2014; sold February 2016
232,936 sf office building located on the B Street Corridor of downtown San Diego
Previously the Union Bank building, re-branded as FIVE THIRTY B
$15 million capital improvement program included outdoor “Sky Terrace” as coveted amenity
Increased occupancy from 50% to 78% in two years then managed the building to 92% occupancy eight months after sale
“The Kearny team was very cooperative and professional. It was a pleasure to work with such a professional and sophisticated team on the other side of the transaction.” Larry Lawrence, Sr. Vice President, Union Bank
[H2] LA Air Force Base / El Segundo, CA
In 2003, Kearny was selected for the Los Angeles Air Force Base (LAAFB) build-to-suit and private sector development of the excess land in El Segundo and Hawthorne, CA
This unique project involved trading government-owned land in exchange for design and construction of new facilities at LAAFB
$500mm total project costs
542,000 sf state of the art, low-rise office campus completed 3 months ahead of schedule in 2006
As payment the Air Force deeded a 39 and 13 acre parcel in Hawthorne which Kearny successfully entitled for much needed housing
Entitlements included an EIR/EIS, annexation of land from El Segundo to Hawthorne, approval of Tentative Maps, Specific Plans and Development Agreements, along with creating a new redevelopment district in Hawthorne and agreements with the County of LA and Hawthorne Redevelopment Agency to pledge the incremental property taxes and fulfill a low-to-moderate housing obligation for 180 units
LAAFB project won 2008 Air Force Design Excellence Honor Award and the 2004 American Planning Association’s Planning Project Award (Los Angeles Division)
[H2] Century Business Center / Hawthrone, CA
$150mm adaptive re-use project
2.4mm sf of metal manufacturing/aviation buildings
1.1mm sf adaptive re-use
204,000 sf new construction
776,000 sf existing building
Numerous stakeholders to deal with
Northrop – environmental remediation
FAA/CalTrans
City & Community
Entitlements achieved
Programmatic EIR
Tentative and Final Map
Specific Plan
Development Agreement
Strategic Approach
Combination of re-use and new development
[H2] The Press, ​Costa Mesa, CA
$100mm adaptive re-use of former LA Times printing plant in joint venture with Tribune Real Estate Holdings
Phase one on the 24-acre site includes the transformation of a manufacturing building into a vibrant 350,000 sf creative office campus
Entitlements successfully completed increasing FAR from 320,000 sf zoned industrial to 640,000 sf zoned mixed used commercial
http://thepressoc.com/
[H3] In the News:
​$100mm Makeover in Costa Mesa (Orange County Business Journal)
Former L.A. Times Printing Plant in O.C. May Bec