WASHINGTON, D.C. – April 23, 2013 – (RealEstateRama) — Joseph Chavez, a 14-year veteran of Los Angeles commercial real estate, was named president of Lee & Associates Investment Services Group (ISG). Chavez, who joined Lee in 2010 as senior vice president, specializes in acquisition and disposition of multifamily properties throughout the Inland Empire and Eastern San Gabriel Valley.
“Joe’s commitment to value-added service and expert transactional guidance has given his clients the edge in an ever-changing marketplace,” said former president Mark Larson, who relinquished the position last month. “His achievements and high caliber expertise have earned him a vast network of clients who value his knowledge of the local market.”
Larson remains with Lee & Associates ISG as vice chairman. Currently, there are 16 brokers working out of this office.
Chavez’s approach and counsel have resulted in the successful execution of transactions valued in excess of $450 million over the past 10 years. He has directed private investors in the acquisition and disposition of distressed properties and helped owners reposition and divest these properties as an alternative to foreclosure. In this last year, he was instrumental in the City of West Covina with the purchase, sale and resale of the Citigate property on S. Garvey, the purchase and sale of 100 N. Citrus and the sale and purchase of Villa Capri on N Garvey.
“I’m thrilled about the opportunity to contribute to Lee’s trajectory as the firm continues to expand in 2013,” said Malley. “I’m excited about the timing of both the position and the market. We have a good group of guys committed to the success of the office and each other— there seems to be a real sense of synergy developing and we hope to encourage this momentum into the future and really capitalize on gaining market share. Recruitment will be significant part of our plan as we increase our presence and foster new relationships. I truly believe these next few years will be our best.”
In 2011, Chavez was ranked as the number one agent in ISG and was awarded “Broker of the Year.”
Prior to Lee & Associates, Chavez served with Marcus & Millichap for 11 years, most recently as Vice President of Investments and Director of the National Multi-Housing Group. His track record there earned him National Achievement Award status. He received his bachelor’s degree from the University of California, Los Angeles.
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 48 locations across the nation including Arizona, California, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas and Wisconsin. With a roster of nearly 750 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.