Senior Vice President, GRUBB & ELLIS COMPANY
Member of the Real Estate Council
Joseph Gabbaian is a Senior Vice President at Grubb & Ellis. Mr. Gabbaian has established himself as an expert in commercial real estate investments in the southern California market with an emphasis on the West Los Angeles/Santa Monica market through a solid track record in representing buyers, sellers, landlords and tenants of commercial properties, and by specializing in sales, acquisitions and leasing of investment, user and redevelopment properties for owners, investors, developers and tenants.
Mr. Gabbaian earned an MBA in Real Estate from Denver University in 1980 and a CCIM designation from the National Association of Realtors the same year.
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Real Estate Downturn Finally Arrives in West Los Angeles
January 13, 2009
As Vacant Office Space Grows, So Does Lenders’ Crisis | www.nytimes.com
- The West Los Angeles commercial real estate market, once considered bullet-proof due to its strong fundamentals, is hit hard by the recession. - The Westside market experiences its first negative absorption in five years, and rental rates, which had gone up in the face of declining absorption, drop for the third consecutive quarter. - The declining market forces lenders to take back a $1.5 billion portfolio of office buildings in West Los Angeles and surrounding areas.
| Study Group Name | No. Members |
|---|---|
| Brokerage Experts: Commercial Real Estate | 1779 |
| CoStar or LoopNet Users | 121 |
| LoopNet Users (US) | 63 |
| Retail Real Estate Brokerage Experts (California) | 49 |
Joseph Gabbaian has not participated in any GLG Live Meetings.