Sperry Van Ness Rich Investment Real Estate Partners Adds $1-Billion Broker to Burgeoning Los Angeles Team

Sperry Van Ness Rich Investment Real Estate Partners Adds $1-Billion Broker to Burgeoning Los Angeles Team

Investment Broker Joe Penich Joins Los Angeles SVN Franchise, One of the Largest in the Country—Continuing to Grow its Presence in the Region

Los Angeles – September 6, 2014 – (RealEstateRama) — Sperry Van Ness Rich Investment Real Estate Partners, a commercial real estate services franchisee, is proud to announce the addition of 30-year commercial real estate veteran Joe Penich to Sperry Van Ness – Rich Investment Real Estate Partners. Joe Penich who will serve as Vice President.

“For many years, I’ve admired the Sperry Van Ness® philosophy that a transparent commercial real estate market is better for both brokers and clients,” said Joe Penich. “I’m excited to join a team that is the true market leader in investment sales in Los Angeles.”

Penich will focus on the sale and leasing of office properties in the Los Angeles area. Throughout his career, he has completed several hundred investment sales transactions valued at more than $1 billion.

“Joe is one of the most respected investment sales professionals in Los Angeles and we are happy that he is joining our firm,” said David Rich, Managing Partner, Sperry Van Ness – Rich Investment Real Estate Partners. “We are confident that he will play an integral role in the growth of our office.”

Prior to joining Sperry Van Ness – Rich Investment Real Estate Partners, Joe served as an investment broker at Re/Max.

ABOUT SPERRY VAN NESS:

Founded in 1987, Sperry Van Ness is one of the largest and fastest-growing commercial real estate brokerage firms in the industry, with approximately 1,000 advisors in more than 150 locations throughout the Unites States. Sperry Van Ness transactions total more than $11 billion annually.

ABOUT RICH INVESTMENT REAL ESTATE PARTNERS:

Sperry Van Ness – Rich Investment Real Estate Partners (www.lasvn.com) is one of Sperry Van Ness’ largest franchisees. Formed in 2010, the firm oversees two franchises in Los Angeles County with more than 50 advisors in Los Angeles and San Bernardino County.

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