Burbank, CA – June 1st, 2020. Yair Haimoff, SIOR, commercial real estate broker and Founder of Spectrum Commercial Real Estate, Inc., is pleased to have represented the Buyer in the sale of this +/- 14,560 SF high-image industrial building in Burbank, California.
This high-image facility, built in 2005, is located at 7691 N San Fernando Road in Burbank within Burbank Airport Commerce Center.
It is within close proximity to major studios, the Empire Retail Center amenities, and adjacent to the Bob Hope Airport.
The buyer an owner-user based in the San Fernando Valley will be utilizing the property as a distribution center of finished product.
Call broker for more information.
About Spectrum Commercial Real Estate, Inc.
Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge and a pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com
Photographer: Thomas Wasper at The San Fernando Valley Business Journal
By Michael AushenkerStaff Reporter at The San Fernando Valley Business Journal
BROKERAGE: From NAI Capital to his own firm, Yair Haimoff has become a force in industrial real estate.
Amid the many success stories in the Valley region’s real estate industry, the career trajectory of Yair Haimoffstands out.
Not yet 50, Haimoff is the founder and executive managing director of Spectrum CRE ™, a commercial brokerage and property management firm that specializes in the San Fernando Valley and Santa Clarita submarkets.
Prior to launching his Valencia-based firm, Haimoff was one of NAI Capital’s top producing brokers and branch manager of the LA North office located in Valencia. During his 15-year NAI tenure, he recruited, trained, and mentored several agents, forming one of NAI’s top producing teams.
2018 proved the turning point of Haimoff’s career when he left NAI Capital and founded Spectrum CRE ™. The company currently has two main offices in Valencia and Woodland Hills, with satellite offices in Encino and Century City. Haimoff’s company employs 20 people in total.
“It was definitely a difficult decision,” said Haimoff in reference to his decision to go solo.
” A couple of major items that I needed to consider prior to making the move were the responsibility that I have to my family and the other is making a move after being with a company for so many years. I also had another obstacle – my father was going through cancer treatments and ultimately passed away as I was just making the transition.”
One person who understands the difficulty Haimoff faced in leaving an established brokerage is Newmark Knight Frank Executive Managing Director John DeGrinis. A year ago he and fellow industrial brokers Patrick DeRoss and Jeff Abraham jumped agencies from Colliers International to Newmark Knight Frank in Warner Center.
“It’s difficult to make a transition,” DeGrinis said. “Commissions and things that are contractual with an option, so that deals stay with the original firm. It is a little more cumbersome.”
DeGrinis was with Colliers for 33 years. “When you give them notice that you’re leaving, there’s no longer that intimate relationship,” he said. “You’re now on the outside looking in. … Changes is always disruptive but, a lot of times, it is good because you reinvent itself.”
During its first year, Spectrum CRE ™ helped broker a $20 million portfolio sale of properties in Van Nuys and now Haimoff is negotiating to sell a different portfolio with seven components to it.
“We are going to have plenty of product coming up,” he said. “We will see a new evolution.”
One challenge for Haimoff’s young company is adapting to changing market conditions in real-time. For example, one of Spectrum’s splashiest deals closed in November, Northridge Medical Center, a two-story, 30,353-square-foot building at 18433 Roscoe Blvd., was sold for $12 million. As the structure was right across from Dignity Health,
“We ended up selling it to an owner/user,” Haimoff said, adding that “when a property lists for $10 million or more, it’s rare to find an owner/user. But that was because there were no available buildings.”
Another unusual Spectrum CRE ™ deal closed last May for client Smokebuddy – a Pacoima-based manufacturer of a device that kills the odor of cannabis. In this case, Haimoff had to convince the client about the best strategy.
“The inventor wanted to lease more space,” Haimoff said. “I said, ‘Why don’t you just buy the property?'”
He knew finding a property for the business would present extreme challenges. But he unearthed a 23,000-square-foot building at 11662 Tuxford St. in Sun Valley, which Smokebuddy’s creator purchased for $2.25 million. The company occupies just under half of the space alongside seven other tenants.
And last April, Haimoff found Agoura Hills-based Wildflour Bakery and Café its desired auxiliary kitchen space at 21160 Califa St. in Woodland Hills. Wildflour bakes challah bread for outlets such as Trader Joe’s and Costco and specialty bread for The Habit, Hook Burger and other regional chains.
Haimoff was born to his father, of Russian ancestry, and mother, of Kurdish heritage, in Israel. His father served in the Israeli military for more than 30 years, eventually retiring as a lieutenant colonel. Upon his retirement, he decided to relocate his family to the United States. At age 13, Haimoff moved to Woodland Hills in 1989.
Haimoff attended Hale Junior High and El Camino High School. He had to overcome a number of culture shock aspects from the transition, including learning to speak English.
“You would never have felt that Woodland Hills would be the downtown of the Valley.” he said. “I remember riding my bicycle through all of these industrial buildings that we handle now.”
Upon high school graduation in 1994, Haimoff attended Pierce College in Woodland Hills and Moorpark College in Moorpark before transferring over to California State University – Northridge, where he earned his bachelor’s in criminal justice.
The award-winning realtor began his career in the commercial real estate industry with NAI Capital in 2002 as what he said the firm’s first-ever intern. Later, investment broker Barry Rothstein presented Haimoff with an opportunity to become his assistant.
“Barry was the first to hire me within NAI Capital,” Haimoff said.
“His timing couldn’t have been better because at the time, computers were just beginning to become necessary tools for brokers,” Bob Scullin, former chief executive and part-owner of NAI Capital, told the Business Journal. “He, being a young guy, had the expertise to use and understand the technology. … Eventually, he became indispensable.”
In 2003, Yair acquired a position as an assistant to the investment team, where he worked on large-scale projects, including the sale of one of the largest shopping centers in the city of Santa Clarita, California.
“We closed one of the largest deals in Valencia (circa 2004) for $70 million – it was the shopping center at McBean and Magic Mountain Parkway,” Haimoff said.
As an assistant to Rothstein, Haimoff honed his skills on everything from preparing the deal memorandum to marketing and brass tacks.
“It was a good experience,” he said. “I learned every aspect of the industry. That was pretty much my introduction into industrial real estate.”
In 2015, Haimoff was appointed executive managing director and branch manager of NAI Capital’s LA North/Valencia Office, where he multiplied the branch’s personnel from four to 18 brokers and turned his office into one of his company’s highest performers. In that setting, he developed the management skills that launched Spectrum in 2018.
Unfortunately, 2018 also marked the year that Haimoff’s father died of cancer. However, one of Haimoff’s five brothers, Isaac Haimoff, works for him at Spectrum as a senior vice president.
Shawn Evenhaim, chief executive of Canoga Park-Headquartered developer California Home Builders, bought a Woodland Hills property that was brokered by Haimoff in 2018. It will become the site of the Q on Califa.
Evenhaim told the Business Journal that he had a very positive experience acquiring the property at 21300 W. Califa St. For now, In His Presence church occupies the site but when its lease expires the land will become apartments.
“Yair is a very professional and knowledgeable broker and we enjoy working with him and look forward to work with him again in the future,” Evenhaim said.
September 4, 2019 – Yair Haimoff, SIOR, commercial real estate advisor and founder of Spectrum CRE ™, is pleased to have represented the Buyer in the sale of leased investment in Burbank.
Commercial Building in Burbank, California
The property, an approximately 11,711 SF commercial building is located at 1110 S. Victory Boulevard in Burbank, California, is situated minutes from the 5 and 134 freeways. The property recently underwent major renovations. The building is leased to CityLights Baptist Church through 2034 and features offices, a sanctuary, a music studio, and a cafeteria.
The Seller was under a time crunch and needed to sell the property quickly. Spectrum CRE ™ was able to find a buyer that offered a very appealing short contingency, all-cash offer with a quick close. The property sold for $2.5 million.
Industrial property has sold for $2.06 million, or $339 a square foot.
Spectrum CRE ™ represented both seller and buyer in the sale of the multi-tenant building. Spectrum Vice President Matt Sreden represented the seller in the transaction, while Senior Associate Barry Jakov and Executive Managing Director Yair Haimoff represented the buyer.
Industrial Property in San Valley, California
The industrial building at 11841 Sheldon Street has easy access to the 5, 210 and 118 freeways. The structure, which sits on a 22,223 square foot lot and consists of one building with five units ranging from 870 to 1,828 square feet, totals approximately 6,080 square feet. It features five ground level loading doors and has a gated lot.
Spectrum CRE ™, founded in 2018 and headquartered in Valencia, is a full service commercial real estate firm.
Spectrum CRE ™ locks in three transactions for industrial, retail, office space.
Spectrum CRE ™, announced Wednesday its completion of three transactions for office, industrial and retail space in Santa Clarita, totaling at nearly $5 million.
Yair Haimoff, commercial real estate advisor and Spectrum CRE ™ founder, and his team represented the buyers in the transactions and the seller in one of the business deals, according to a news release by Spectrum CRE ™.
For $1.2 million, investor and developer HIG LLC purchased a property currently occupied by Sandcastles Childcare Center from seller Bethlehem Lutheran Church.
The property is comprised of a 3,120-square-foot, freestanding commercial building located within a nearly 30,000-square-foot commercial-zoned parcel at 27303 Luther Drive.
The property was purchased as an investment hold and future development, the release read.
Spectrum CRE ™ represented HWF Investment Group LLC, in the purchase of a Class A building of about 5,000 square feet for $1.5 million.
The property is located within the Centre Pointe Business Park on 26531-26535 Summit Circle. HWF Investment Group intends to use the space for its corporate headquarters, Spectrum CRE said in the release.
Aerospace manufacturer NaKi LLC closed in on a purchase for a more than 10,000-square foot, free-standing industrial building in Valencia for $2.2 million.
Spectrum CRE ™ officials said the buyer plans to relocate from Santa Fe Springs and occupy the property, which is situated on a business park at 24930 Avenue Tibbitts.
“This was a challenging purchase as there is (an) extremely limited supply of this product and buyer had to compete with three other offers,” the release read.
An upscale baked goods producer and café have signed a 15,757-square-foot deal on a Warner Center facility that will become the company’s new manufacturing space.
Spectrum CRE ™, leader Yair Haimoff represented tenant Wildflour Bakery & Café and Lessor 26 Califa LLC. in the industrial/office complex lease.
The property, located at 21160 Califa St. in Woodland Hills, will be utilized by Wildflour Bakery & Café of Agoura Hills as its new baking facility while the Conejo Valley company retains its café in Agoura Hills.
Owned by Gregory Yulish, Wildflour produces and delivers baked goods directly to big-box retailers and restaurants nationwide. The company will move into the Warner Center space during the third quarter.
Founded in 2018 by Haimoff, Spectrum CRE ™ is a full-service commercial real estate firm in Valencia.
Valencia Executive Plaza at 27201 Tourney Road in Valencia.
Kaiser Permanente Renews Lease in Valencia
Kaiser Permanente has renewed its lease for nearly 11,000 square feet of medical space in Valencia.
Located at 27201 Tourney Road, the property known as Valencia Executive Plaza sits within the Valencia Corporate Center. The office building has undergone recent renovations and features extensive views of the golf course at Valencia Country Club.
Spectrum Commercial Real Estate, Inc., in Encino represented the building’s owner, Valencia Executive Plaza LLC of Valencia, in the 10,934-square-foot deal.
Financial details of the transaction were not disclosed.
“This was a high-profile transaction that required attention, patience, and detail to take to the finish line,” said Spectrum Commercial Real Estate Vice President Matt Sreden, who represented the landlord along with Spectrum broker Andrew Ghassemi and Spectrum founder Yair Haimoff.
According to Spectrum CRE ™, the lease represents one of the largest medical transactions in the Santa Clarita Valley submarket since the second quarter of 2016.
Spectrum CRE ™ is pleased to announce its newest member Randy Cude, who will serve as executive vice president and be based in Spectrum CRE ™ headquarter office in Valencia.
As a leading expert in the Santa Clarita and Antelope Valleys Cude brings more than 34 years of commercial real estate experience with a focus in leasing, acquisitions, and dispositions of commercial real estate and institutional portfolio management.
During his extensive career, Cude represented a broad range of organizations and was involved with thousands of assignments.
Prior to Spectrum CRE ™, Cude was a senior vice president at NAI Capital, where he was a top producing broker year after year during a 13-year tenure.
Cude as a local expert has been recognized and awarded by Santa Clarita Valley Economic Development Corporation and Santa Clarita Valley Business Journal with multiple awards for his outstanding performance in the industry.
“Randy is truly an outstanding individual and a commercial real estate professional with an excellent track record of integriy and success” said Yair Haimoff, executive managing director at Spectrum CRE ™.
“His personal approch to the business is truly unique. We feel that Randy has the passion, vision and wisdom that will complement and elevate our team and add value to our clients,” Haimoff said.
About Spectrum CRE ™.
Spectrum CRE ™, founded in 2018 and headquartered in Valencia, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge and pioneering approach to brokerage services. The firm’s full spectrum of service includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit development, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com