Laramar Opens Los Angeles HQ

The company will use the 3,100-square-foot asset for its Local platform, which deals with smaller properties. The new branch will focus on Koreatown, West Hollywood, and Echo Park residential assets.

Laramar Los Angeles office
Laramar Los Angeles office

Laramar Group, a real estate and property management firm, opened a new office in Los Angeles, to expand its Local platform. The company’s sixth Local office already has a portfolio of 48 properties with more than 1,000 units combined.

Recent renovations

Located at 4351 Melrose Ave., the new 3,100-square-foot office is in proximity to the Hollywood Freeway and multiple bus stations. The building was recently cosmetically renovated, with the exception of two large paintings created by local group Mastermind Murals.

The Local platform was created to invest and manage smaller properties in urban neighborhoods and was originally rolled out in 2015 in Los Angeles, Chicago and Denver. “By investing in these smaller properties, we are able to renovate the common areas and individual apartments,” Pierre Melhado, director of operations for Local portfolio in southern California, said in prepared remarks.

Laramar’s decision to open a Los Angeles office comes less than half a year after Kidder Mathews acquired Alder Management Group, a commercial property management firm, and expanded to Irvine, Calif.

Image courtesy of Laramar Group