NewswireToday - /newswire/ -
Hermosa Beach, CA, United States, 2015/01/07 - South Bay Los Angeles-based Real Estate Magnate, Raju Chhabria, and South Bay CRE Chief Operations Officer Dave Iler recruited Edwin Duterte to be Vice President of Commercial Real Estate Sales - SouthBayCRE.com.
Headquartered in Hermosa Beach California, Edwin Duterte will provide a refreshing approach to commercial real estate sales, leasing and development utilizing his decades-long career in real estate finance and investment analysis.
“I am excited to have Edwin Duterte join our brokerage team at South Bay CRE. He’s teaming up with us at an incredibly important time in our region’s economic history. Los Angeles, specifically the South Bay and Silicon Beach areas, are growing in innovative and exciting ways. I know Edwin’s experience, innovative analytical skills and entrepreneurial professionalism will be invaluable as Southern California’s economy continues to improve its employment base and need for higher quality real estate investments.” Dave Iler said of his new VP.
Edwin’s primary focus will be to represent domestic and overseas institutional-quality private equity firms to invest in multi-family developments and commercial real estate in Southern California. He brings several Asian-based investors looking to acquire and develop high-end housing developments, luxury hotel projects and retail centers in the area. He will also work with various REITs (Real Estate Investment Trusts) who are looking to operate healthcare facilities such as assisted living, hospice care and drug treatment.
Edwin Duterte says,“With more diversified jobs being created in California, the real estate investment community must better understand commercial property needs for job creators as well as healthier utilization of residential development for future housing projects. The South Bay is unique because there are growing companies with a talented labor force and they need specialized commercial real estate requirements that will expand their businesses on a local and global scale. The Southern Cal Entertainment/Tech community is shaping our neighborhoods and retail centers. We have to understand their needs in order to service them. Additionally, we as a community need to create housing that can provide a high quality standards of living for the area workers.”
Edwin Duterte has an extensive real estate finance background and has been involved with over $500 million in real estate transactions since 1998. He has analyzed, financed, or sold the full spectrum of asset types including retail, industrial, office and multi-family properties. Aside from the typical asset classes, he also bring significant experience in lending and transacting upon tract housing and condominium conversion developments, self-storage and hotel asset types. He has served as an underwriter and loan officer at multiple institutional level lenders including Freddie Mac, California Federal Bank, Hawthorne Savings Bank, Chinatrust Bank USA, and First Bank of Beverly Hills.
Edwin is a multi-dimensional professional who enjoys community involvement. His community volunteerism during the Great Recession has been honored by KNX Radio for “Hero of the Week” and KTLA Television for “Hero at Home” series.
Edwin Duterte is available for news interviews in regards to real estate and economy issues. He can be contacted by email or telephone at 310-571-5483.
About South Bay CRE
South Bay Commericial Real Estate (SouthBayCRE.com) is a full-service company, located in the heart of Hermosa Beach that specializes in commercial and financial brokering, plus property and construction management throughout Southern California. Established by Raju Chhabria and David Iler -- with over 50 years of real estate and management experience between them -- South Bay CRE is ready to create solutions for any of your commercial real estate needs.