Newport Beach, Calif. – RiverRock Real Estate Group, a West Coast based commercial real estate management and leasing firm, today announced that AEW Capital Management (AEW) has awarded it the management of a 3.2 million-square-foot of portfolio office and industrial space located in Southern California and Arizona. In the past 12 months, RiverRock has grown its management portfolio by 9.1 million square feet. With the addition of this contract, the company now manages more than 25 million square feet of commercial space.
Beginning August 1, RiverRock will take over property management, leasing oversight and engineering of 28 properties throughout Southern California and Arizona.
RiverRock will add approximately 30 employees who currently manage the properties. The company will be assuming regional offices in Santa Fe Springs, Rolling Hills, Upland, Riverside, and the San Gabriel Valley, as well as Phoenix.
“We are excited about this new opportunity with AEW,” said Steve Core, president of RiverRock Real Estate Group. “We have an excellent management team in place and we hope this assignment leads to future growth in new markets.”
RiverRock Real Estate Group, Inc. is a West Coast-based commercial real estate management and leasing firm specializing in commercial, industrial and retail management. Headquartered in Newport Beach, Calif., RiverRock’s California office locations include Laguna Hills, Los Angeles, Long Beach, San Diego, San Francisco, Santa Ana, Santa Clara, Walnut Creek, Woodland Hills and Phoenix, Arizona. The firm manages a West Coast portfolio totaling in excess of 20 million square feet of space.
RiverRock Real Estate Group was founded in August 2003 by John Combs, a leading figure in the property management industry in California and nationally as the former head of Insignia ESG's property services division. RiverRock Real Estate Group established a breakthrough property management model based on innovative, client-focused standards for operational efficiency, customer service, fee structure, outsourcing, personnel and training that increases the ability of building managers to positively impact the value of a real estate asset. The branded service platform includes a Northern California joint venture operating as C&C RiverRock Newmark with offices throughout the Bay Area and Sacramento.