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Spin-Off Success

Photographer: Thomas Wasper at The San Fernando Valley Business Journal

By Michael Aushenker Staff 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 Haimoff stands 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. 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 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.”

Unusual deals

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.”

Northridge building that sold
Northridge: Haimoff sold for $12 million

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 on 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.

Wildflour Bakery at 21160 Califa St
Woodland Hills: Haimoff brokered the lease for Wildflour Bakery at 21160 Califa St.

Valley roots

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.

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Spectrum CRE ™. Represented the Buyer in the Sale of a Leased Investment in Burbank

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.

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Sun Valley Warehouse Sells for $2 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.

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Spectrum CRE ™ locks in three transactions for industrial, retail, office space

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 ™.

Retail

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.

Office

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.

Industrial

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.

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Bakery Leases New Headquarters at Warner Center

Bakery Leases New Headquarters at Warner Center

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.

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Kaiser Permanente Renews Lease 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.

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Commercial Real Estate 2019 Broker Nominees

Stephen Algermissen
Cushman & Wakefield

Patrick Amos
CBRE

John S. Archibald
Colliers International

Mike Arnold
NAI Capital

David Aschkenasy
Commercial Asset Group

Tony G. Azzi
Marcus & Millichap

Bill Bauman
Newmark Knight Frank

Scott Becket
JLL

Jeff Benson
Marcus & Millichap

Chuck Berger
Cushman & Wakefield

Alex Blecksmith
Colliers International

Hayley Blockley
JLL

Steve “Bogie” Bogoyevac
Marcus & Millichap

Ryan Bos
Cushman & Wakefield

Tim Bower
CBRE

Ben Brownstein
Marcus & Millichap

Genny Chang
Newmark Knight Frank

Robert Cohen
RKF

Jeffrey Cole
Cushman & Wakefield

Thomas A. Condon
Colliers International

Eric Cox
CBRE

Rob Crumly
CBRE

Dean Cutler
illi Commercial Real Estate

Ali de Oca
JLL

Jay Dick
CBRE

Todd Doney
CBRE

Kevin Duffy
CBRE

Darren Eades
JLL

Brian Eisendrath
CBRE

Matthew Erickson
Colliers International

Joe Faulkner
NAI Capital

Derek Fitch
CBRE

Mike Foley
Cushman & Wakefield

Jennifer Frisk
Newmark Knight Frank

Chad Gahr
NAI Capital

Robert Garey
Cushman & Wakefield

Greg Geraci
CBRE

Scott Gertz
WESTMAC Commercial Brokerage Company

Andrew Gharibian
First Property Realty Corporation

Andrew Ghassemi
Spectrum CRE ™.

Steven Goldstein
Marcus & Millichap

Neal Golub
CBRE

Josh Gorin
Savills Studley

Joe Grabiec
Institutional Property Advisors

Kevin Green
Institutional Property Advisors

Kirby Greenlee
NAI Capital

Yair Haimoff, SIOR
Spectrum CRE ™.

Michael Hanassab
Marcus & Millichap

Rob Hannan
Newmark Knight Frank

Dave Harding
CBRE

Ryan Harding
Newmark Knight Frank

Matthew Hargrove
CBRE

Greg Harris
Institutional Property Advisors

Ronald Harris
Marcus & Millichap

Elliot Hassan
Marcus & Millichap

Maureen Hawley
JLL

Ed Hernandez
Cushman & Wakefield

Dave Hess
Cushman & Wakefield

Morgan Jackson
Cushman & Wakefield

Barry Jakov
Spectrum CRE ™.

Gavin Ketchum
Newmark Knight Frank

Bill Kiefer
NAI Capital

Terence Kirk
Colliers International

Alex Kozakov
CBRE

Alan Krueger
CBRE

Jonathan Larsen
Avison Young

Eric Lastition
Newmark Knight Frank

Darla Longo
CBRE

Michael Longo
CBRE

Jeffrey Louks
Marcus & Millichap

Jay Luchs
Newmark Knight Frank

Geoff Ludwig
Newmark Knight Frank

Brian Luft
NAI Capital

Andrew Lustgarten
Savills Studley

Brett Lyon
Lyon Stahl Investment Real Estate

T.C. Macker
WESTMAC Commercial Brokerage Company

Carine Mamann
Cushman & Wakefield

Bradford McCarthy
CBRE

John McMillan, SIOR
Newmark Knight Frank

Brandon Michaels
Marcus & Millichap

Kyle Miller
Newmark Knight Frank

Matthew Miller
CRESA

Michael Moll
Newmark Knight Frank

Janette Monfared
Marcus & Millichap

John Montakab
CBRE

Patrick Moody
Colliers International

Tony Morales
JLL

Kazuko Morgan
Cushman & Wakefield

Carl Muhlstein
JLL

Nico Napolitano
Cushman & Wakefield

Janet Neman
Kidder Mathews

Dana Nialis
CBRE

Filip Niculete
Marcus & Millichap

Christian Noonan
JLL

Philip Norton
Colliers International

Nicholas Nybokken
Colliers International

Ashley Obradovich
Newmark Knight Frank

Greg Offsay
illi Commercial Real Estate

David O’Keefe
Marcus & Millichap

Guillermo Olaiz
Colliers International

Eric Olofson
Cushman & Wakefield

Orbell Ovaness
CBRE

Luke Palmo
WESTMAC Commercial Brokerage Company

Nathan Pellow
Colliers International

Rebeca Finkel Perlmutter
CBRE

Barbara Perrier
CBRE

Craig Peters
CBRE

Dedrik Pharis
CBRE

Gerald Porter
CRESA

David Prior
The Klabin Company

Roderick Raymundo
Marcus & Millichap

Lior Regenstreif
Marcus & Millichap

Marc D. Renard
Cushman & Wakefield

Scott Riddles
CBRE

Richard Ringer
Marcus & Millichap

Richard Rizika
Beta Retail

James Robbins
Colliers International

Nico Rosmarin
Lyon Stahl Investment Real Estate

Phil Ruhl
CBRE

Bob Safai
Madison Partners

Cameron Samimi
Lyon Stahl Investment Real Estate

Jeff Sanita
Newmark Knight Frank

Brett Sanson
Marcus & Millichap

Manfred Schaub
Cushman & Wakefield

Bryan Schellinger
Marcus & Millichap

Frank Schulz III, SIOR
The Klabin Company

Matthew Schwartz
Newmark Knight Frank

Kevin Shannon
Newmark Knight Frank

Lee Shapiro
Kennedy Wilson

Peter Sherman
Avison Young

Michael Slater
CBRE

Stephen Soqui
Marcus & Millichap

Matt Sreden
Spectrum CRE ™

Woody Stahl
Lyon Stahl Investment Real Estate

Kimberly R. Stepp
Stepp Commercial

Robert Stepp
Stepp Commercial

Michael Sterman
Marcus & Millichap

Ian Strano
NAI Capital

Laura Stumm
Newmark Knight Frank

Greg Stumm
Newmark Knight Frank

Joey Sugar
CBRE

Mark Sullivan
Savills Studley

Sean Sullivan
CBRE

Todd Taugner
The Klabin Company

Jason Tuvia
Marcus & Millichap

Todd Tydlaska
CBRE

Patrick Wade
CBRE

Kitty Wallace
Colliers International

Rob Waller
CBRE

Angie Weber
CBRE

Jonathan Weir
Marcus & Millichap

Stew Weston
CBRE

Danny Williams
Newmark Knight Frank

David Young
NAI Capital

Shane Young
Marcus & Millichap

Dean Zander
CBRE

John Zanetos
CBRE

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NoHo Industrial Property Sells for $5.1 Million

7525 Ethel Ave. in North Hollywood.

NoHo Industrial Property Sells for $5.1 Million

A single-story, eight-unit industrial property at 7525 Ethel Ave. in North Hollywood has sold for $5.1 million, or $222 a square foot, according to brokerage Spectrum Commercial Real Estate Inc.

Constructed in 1973, the property consists of a roughly 22,500-square-foot concrete tilt-up multi-tenant building situated on just over 2 acres.

The units, which range from 1,640 to 2,854 square feet, feature 13-foot-minimum warehouse clearance, ample power, fenced and secured parking area, easy loading and ample parking.

Spectrum Commercial Real Estate’s founder Yair Haimoff represented the undisclosed buyer.

Formed in 2018, Spectrum CRE ™ is headquartered in Valencia.

 

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Randy Cude Joins Spectrum CRE ™ as Executive VP

Randy Cude, Spectrum Commercial Real EstateSpectrum 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