LOS ANGELES, CA – November 20, 2013 – (RealEstateRama) — Lee & Associates, one of the nation’s largest broker owned commercial real estate firms, (Lee) has named Jeffrey M. Rinkov president and chairman of the board. Rinkov, a 17 year industry veteran who has served in Lee Leadership positions for eight years, will be serving in an interim position; it was announced recently at the firm’s annual Summit in Las Vegas.
“Our company has grown tremendously and we are strategically positioning ourselves for our next platform of growth,” said Rinkov. “It’s critical that we take the time to implement our strategic objectives as we move into the future. There is no question that I’m honored to be appointed the interim president and chairman of the board. I look forward to serving a larger role in assisting with the firm’s overall growth and providing additional resources to our more than 750 brokers, further positioning Lee as one of the premier commercial brokerage firms in the nation.”
Rinkov assumes the duties of Edward J. Indvik, who served as chief executive officer, who now returns to full time brokerage.
“Ed Indvik, who served as our first company CEO, has done an incredible job in this role and is largely responsible for pushing Lee to its current position as one of the largest broker- owned companies in the nation. But, like any company that is expanding, change is often required to reach the next level of growth,” said Bill Lee, the company’s founder. “We are proud of the work accomplished during Ed’s tenure and look forward to his continued participation in the company.”
Rinkov, who has been with Lee since 1997, is currently a member of the board of directors, and has been largely instrumental in the firm’s development of technology and communications infrastructure. In addition, Rinkov serves as president of Lee & Associates Central Los Angeles.
In his new role, Rinkov will report to Lee’s owners and presidents to carry out the firm’s strategic objectives, while remaining president and chairman of the board of Lee & Associates Central Los Angeles.
The firm’s expansion efforts will focus on moving into larger metropolitan markets, and is tentatively scheduled to open three to five new offices in 2014. Most recently, the firm added offices in New York City, Columbia, Md.; Kansas City, Kan.; and Fort Myers and Orlando, Fla.
“In the last 34 years Lee has grown from a small group of Southern California industrial brokerage offices to a nationally ranked brokerage firm,” Lee continued. “There is no doubt that part of our continued success is the company’s unique business model as a broker-owned platform, which will remain the core foundation of Lee & Associates.”
Since Bill Lee founded Lee & Associates in 1979, the firm has expanded from one office in Irvine, Calif. that included seven brokers, to 49 offices nationwide with more than 750 agents. Each office is managed by the presidents and managing partners. A board of directors elected from of the firm’s presidents and managing partners is responsible for setting policy and shaping Lee’s strategic direction.
With administrative offices in Southern California, Lee offers a broad range of commercial real estate services, specializing in the sale and leasing of office, industrial, retail, commercial and multifamily investment and land developments.
About Lee & Associates
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 49 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas, and Wisconsin that house more than 750 brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.