Lee & Associates LA North/Ventura’s Principal/Managing Director Scott Romick, recently negotiated five leases across five markets in Southern California in the last six months. The transactions totaled approximately 21,000 square feet, with the properties spanning from Brentwood, Woodland Hills, Santa Clarita, Toluca Lake and Palm Springs for Equity Union Real Estate.
These transactions are especially impactful in the Southern California market which has been on shifting sands in the last few months. According to a recent report by Zillow, the average price of a home in Southern California has dropped 6% since May — the biggest drop since 2012.
“In the ever-changing market, opportunity arises for talented people and hard working companies. Time and time again that has proven to be true in climates such as this one. Equity Union has been a beacon for success and I could not be more proud of our team. We’re grateful for Scott and his expertise, and glad to be working with such a visionary,” said Harma Hartouni, CEO of Equity Union.
The fact that Lee & Associates was able to negotiate such a swath of transactions for Equity Union over the course of a short six months indicates Lee’s laser focus on the commitment to clients and services beyond CRE.
“Working with Equity Union’s ownership and leadership has been an absolute pleasure. They are amazing clients and I am not surprised at their continued success. Having the opportunity to represent such a prestigious, growing firm has allowed us to continue expanding our capabilities with our tenant representation services,” said Romick.
Equity Union is a rapidly growing innovative and technology-driven real estate company. In 2021 alone, Equity Union generated more than $2 billion in sales volume, thus requiring the need to expand for additional growth opportunities as it sought to drive further brand awareness for the business as the firm accelerates.