Press Releases

Press Release
By Alex / January 4, 2017

ProEquity Named the 6th Fasted Growing Third-Party Property Manager in the US

EL DORADO HILLS, Calif. (January 4, 2017) – ProEquity Named the 6th Fasted Growing Third-Party Property Manager in the US

The 28th annual Chain Store Age survey of Fastest-Growing Managers tallied square footage and ranked the top companies with new domestic and international third-party management and leasing contracts obtained during the 2016 calendar year. ProEquity Asset Management ranked sixth with 1.8 million sq. ft. of new contracts in 2016.

“ProEquity was a child of the recession,” Michael H. Turner, CEO of the El Dorado Hills, Calif.-based company. “We have a great program that takes over the projects, runs them, and sells them.”

“I anticipate that 2017 will be a fantastic year,” Turner said. “We’re already ahead of last year.”

Click here to read the full article.

Press Release
By Alex / October 19, 2016

Mathnasium Signs New Lease in Sacramento’s Arden Arcade

SACRAMENTO, Calif. (October 19, 2016) – Mathnasium Signs New Lease in Sacramento’s Arden Arcade.

National math learning center, Mathnasium, signed a lease with plans to open a new franchise location in Sacramento’s Arden Arcade in early 2017. The new store, a 1,400 SF retail space located at 3333 Arden Way, will be one of several Mathnasium centers in the region that is owned and operated by franchisee Jeff Pudewell / Y Corporation.

The tenant was represented in the transaction by Tom Conwell of Newmark Cornish & Carey. The landlord, United Growth Capital Management Corporation, was represented by Gretchen Tobin and Keith Mellor of ProEquity Real Estate Services, a division of ProEquity Asset Management Corporation.

Press Release
By Alex / September 13, 2016

Bella Home Decor Takes New Lease in El Dorado Hills

EL DORADO HILLS, Calif. (September 13, 2016) – Bella Home Decor Takes New Lease

Cameron Park-based luxury home décor store, Bella Home Décor will be opening a second store in El Dorado Hills in early October, 2016. The new store in the upscale La Borgata at Serrano center will occupy 2,427 square feet of retail space, next to Flightz Wine Pub.

“I have always loved home décor and once dreamed of opening my own business. Well, it’s a dream come true. I am opening my second store in October and I am so excited,” says owner, Mary Veenhuis. Bella Home Décor offers vintage handmade and hand-painted furniture, luxury bedding and accessories including Bella Notte linens and unique clothing and gifts.

The tenant was represented in the transaction by Gretchen Tobin of ProEquity Real Estate Services, a division of ProEquity Asset Management Corporation. ProEquity Real Estate Services procured several other leases at La Borgata in recent months including Le Grandeur Aesthetics & Anti-Aging and Flightz Wine Pub. The property was purchased in August by Ethan Conrad Properties.

Press Release
By Alex / May 31, 2016

ProEquity Purchases Forever 21 Space at Yuba Sutter Mall

YUBA CITY Calif. (May 31, 2016) – ProEquity Realty Partners Purchases Forever 21 Space, Yuba Sutter Mall, Yuba City, CA

ProEquity Realty Partners along with CRG Investments, announces its purchase of the former Forever 21 within the Yuba Sutter Mall, Yuba City, California. Previously owned by Forever 21, the building was purchased vacant. The buyers are in discussion with several national retailers to replace Forever 21 and will most likely open Spring of 2017. Since its foreclosure by LNR Partners, the Mall as seen some slow and steady improvement. A new anchor tenant in this former Gottschalks space would be a welcomed addition to the mall.

ProEquity Realty Partners is an active buyer of distressed or opportunistic commercial real estate throughout the United States. It is an investment company related to ProEquity Asset Management.

Press Release
By Alex / May 19, 2016

ProEquity Successfully Resolves Sacramento Office Property

SACRAMENTO, Calif. (May 19, 2016) – ProEquity Successfully Resolves Sacramento Office Property.

ProEquity Asset Management recently completed the disposition of an office building in Sacramento. The property known as 304 “S” Street Office is a 30,610-square-foot office property that has been acquired by University Enterprises, Inc. (UEI), a nonprofit public benefit corporation and authorized auxiliary of California State University, Sacramento. Sacramento State will be locating its planned School of Public Affairs at the property, which is located blocks from the State Capitol. No state funds were used to acquire the asset on behalf of the University. Jeffrey P. Fanzo was appointed Receiver in March 2016, and ProEquity Asset Management Corporation was hired as the Real Estate Broker and Property Manager.

Press Release
By Alex / May 12, 2016

ProEquity Named Manager of Coliseum Center

OAKLAND, Calif. (May 12, 2016) – ProEquity Asset Management Corporation has been named manager of Coliseum Center.

Coliseum Center is a 70,814 SF neighborhood shopping center located at 610-640 Hegenberger Road in Oakland. ProEquity will be assisting the CMBS Management firm, LNR Partners, transition the property for eventual lease or sale since they foreclosed on it in March. CBRE, Inc. will be leasing the former Pak ‘n Save. The property, near the Oakland Coliseum, is a redevelopment opportunity in the heart of Downtown Oakland and will most likely attract a retail tenant.

Press Release
By Alex / April 11, 2016

Jeffrey Fanzo Named Court Appointed Receiver of River Park Offices

SACRAMENTO, Calif. (April 11, 2016) – Jeffrey Fanzo of ProEquity Asset Management Corporation has been named the court appointed receiver of River Park Offices.

The River Park Offices are a 70,945 SF class-C office complex located at 1540, 1555, and 1565 River Park Drive in Sacramento. Under Fanzo’s leadership, ProEquity will act as the exclusive management and leasing agent for the project. ProEquity has assumed immediate oversight and is working to stabilize the property’s operations.

ProEquity’s property management team plans to add value to the office complex by addressing maintenance issues, abstracting leases and establishing processes to improve tenant and client communication. During this time, the ProEquity leasing team will begin a campaign focused on acquiring new leases for the building, which consists of small office suites and private executive offices.

“ProEquity has a track record of successfully bringing receivership and REO properties back to stabilization,” said Michael Turner, ProEquity Managing Director. “Our management team on the operational, marketing and transaction side will continue to apply value-add strategy that has proven to be an instrumental factor in helping lenders and special servicers throughout the Western United States.”

Press Release
By Alex / December 2, 2013

Robert Sanders named Co-Managing Director & General Counsel

EL DORADO HILLS, Calif. (December 2, 2013) – ProEquity Asset Management announces the naming of Co-Managing Director and General Counsel, Robert Sanders.

Robert’s background is in law, having graduated from the University of the Pacific with a Juris Doctorate degree in 2006. Presently he has his own real estate and business law firm in the Sacramento area. Robert will be involved with ProEquity and in his law practice for a period of time. He will be focused primarily on developing new business, assisting with property management, leasing, and acquisition/development projects. Robert will also be helping with the internal functions of the company.

Robert comes to us as a former partner and general counsel of Palmer Capital, Inc. in which he was involved in over $1 billion in office, retail, and industrial transactions both on the investment sales and finance side. While at Palmer Capital, he was involved in the creation of the company’s structured finance group.  He has a wealth of experience both in real estate transaction and in the running of a real estate company.

Robert’s skill set continues to round the available services and experience offered by ProEquity that will translate to a better operation for its clients and partners and continue to accelerate the growth and management of the company.

Press Release
By Alex / October 1, 2013

The Formation of ProEquity Ventures, LLC & Purchase of Lakeside Plaza

EL DORADO HILLS, Calif. (October 1, 2013) – ProEquity Asset Management announces the formation of CTS ProEquity Ventures, LLC and the purchase of Lakeside Plaza in Stockton, California.

Using the ProEquity Asset Management platform, CTS ProEquity will focus on the partnership level asset management services and purchases of value-add and development projects throughout Northern California.

ProEquity Asset Management has also recently purchased Lakeside Plaza, a 72,000 square foot Marshall’s anchored shopping center in Stockton, California.

Press Release
By Alex / September 10, 2013

Vine Center welcomes Buffalo Wild Wings Tenant

LIVERMORE, Calif. (September 10, 2013) – ProEquity Asset Management Announces the recent leasing of Vine Center to Buffalo Wild Wings.

Buffalo Wild Wings is one of the nation’s fastest growing sports themed restaurant chains and has made a commitment to open over 1,700 stores by the end of 2014. Vine Center welcomes this new and exciting addition to the downtown Livermore core area.

The transaction was completed with by ProEquity Asset Management, representing LNR Partners and Terranomics, representing Buffalo Wild Wings. Vine Center is a LNR Partner project that is operated and leased by ProEquity’s East Bay Office.  LNR Partners is the world’s largest Commercial Mortgage Back Securities (CMBS) special servicer overseeing $25 billion of loans.  ProEquity is one of LNR’s lead service providers for mid to smaller size properties throughout the Western United States.

Press Release
By Alex / August 20, 2013

ProEquity to Operate & Lease Union Plaza

SACRAMENTO, Calif. (August 20, 2013) – ProEquity Asset Management announces it’s recent assignment to operate and lease Union Plaza.

The property, recently placed under a court appointed receiver, included Starbuck’s and Patelco Credit Union. ProEquity specializes in REO and distressed retail and office real estate management. With three offices throughout the Western United States, ProEquity is a fully integrated service provider and operator of commercial properties, including asset management, property management, development services, advisory services and leasing and sales services.

Press Release
By Alex / August 20, 2013

ProEquity Named Manager of Apple Village

WOODLAND, Calif. (August 20, 2014) – ProEquity Asset Management has been named manager of Apple Village

Rick Lafranchi has been named court appointed receiver and ProEquity Asset Management has been named as manager of Apple Village, Woodland California. This project encompasses an outparcel in a Home Depot and Walmart anchored community center located in Woodland, just north of Sacramento.

The project has been placed into receivership by the special servicer, LNR Partners, and is currently under default. ProEquity will be providing receivership, management and leasing services during this transition.

LNR Partners is the world’s largest Commercial Mortgage Back Securities (CMBS) special servicer overseeing $25 billion of loans.  ProEquity is one of LNR’s lead service providers for mid to smaller size properties throughout the Western United States.

Press Release
By Alex / August 15, 2013

ProEquity Announces 3 New Projects Throughout Sacramento Region

SACRAMENTO, Calif. (August 15, 2013) – ProEquity Asset Management announces its assignment to operate and lease three new projects located throughout the Sacramento Region.

These properties include, Sterling Point 10 (an outparcel site located at the Sterling Point Shopping Center in Lincoln, California) Eureka Ridge Plaza (a retail center located in Roseville, California) and La Borgata at Serrano (a mixed used office and retail project in El Dorado Hills, California).

The total assignment size exceeds 106,000 square feet under management of this portfolio. ProEquity will operate the portfolio from is corporate office located in El Dorado Hills, California. Eureka Ridge and La Borgata at Serrano will be held under the value-add program led by ProEquity under LNR Partner direction.

LNR Partners is the world’s largest Commercial Mortgage Back Securities (CMBS) special servicer overseeing $25 billion of loans. ProEquity is one of LNR’s lead service providers for mid to smaller size properties throughout the Western United States.

Press Release
By Alex / August 15, 2013

ProEquity to Operate Starbucks Anchored Shopping Center

CARSON CITY, Nev. (August 15, 2013) – ProEquity Asset Management announces its assignment to operate a Starbucks anchored shopping center.

In conjunction with the local Coldwell Banker Commercial office, ProEquity will over the leasing and management of the asset until sale. The El Dorado Hills, California, based company will operate the portfolio from is corporate office. The center be will held under the value-add program led by ProEquity under LNR Partner direction. LNR Partners is the world’s largest Commercial Mortgage Back Securities (CMBS) special servicer overseeing $25 billion of loans.

ProEquity is one of LNR’s lead service providers for mid to smaller size properties throughout the Western United States. With three offices throughout the Western United States, ProEquity is a fully integrated service provider and operator of commercial properties, including asset management, property management, development services, advisory services and leasing and sales services.

Press Release
By Alex / July 15, 2013

ProEquity to Operate & Lease Parvenu Plaza

OREM, Utah (July 15, 2013) – ProEquity Asset Management announces it’s assignment to operate and lease Parvenu Plaza.

Parvenu Plaza is a 27,000 square foot mixed-use retail and office property that was taken in foreclosure. Parvenu Plaza will be operated by ProEquity until sale under LNR Partner’s REO management team. Led by their Utah leasing and management team, ProEquity Asset Management (ProEquity) secured the entry into a new market through LNR Partners of Florida.

LNR Partners is the world’s largest Commercial Mortgage Back Securities (CMBS) special servicer overseeing $25 billion of loans.  ProEquity is one of LNR’s lead service providers for mid to smaller size properties throughout the Western United States.

Press Release
By Alex / July 7, 2013

Tyler Sheldon Named Co-Managing Director & Cheif Investment Officer

EL DORADO HILLS, Calif. (July 7, 2014) – ProEquity Announces Naming of Co-Managing Director & Cheif Investment Officer, Tyler Sheldon

Tyler graduated from the University of California, Berkeley with a Bachelor’s degree in Political Science. His commercial real estate background includes finance, asset and project management at Union Property Capital, a general partner and developer of value-add San Francisco bay area projects acquired through institutional vehicles. Tyler also built & expanded the Asset Services platform for both Kidder Mathews and Voit Real Estate Services in Northern California for a wide range of Bank, Private and Special Servicer clients.

Tyler joins ProEquity as an active principal investor and manager of investment and development strategies. His commercial real estate experience includes brokerage and investment transactions valued at over $500M. Additionally, he has actively managed over 4 million SF of properties in CA & NV. Tyler will be focused primarily on the continued growth of ProEquity’s acquisition program focused on opportunistic ventures though out the Western United States.

Tyler’s skill set continues to enhance the available services and experience offered by ProEquity that will translate to stronger operations for its clients and partners and continue to accelerate the growth and management of the company.