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Shea Properties opens downtown L.A. office

The expansion comes as the Aliso Viejo firm moves forward with two new development projects.

BY VICTOR JACOBSPublished: April 06, 2011 10:32 AM

Photo by nyul – Fotolia
Aliso Viejo-based Shea Properties has opened a new office in downtown Los Angeles.

“The new office brings us closer to our projects and prospects in Los Angeles and Ventura County,” said Shea Properties President Colm Macken. “With offices in San Diego, Orange County and now Los Angeles, we feel well situated to advance anywhere in the Southern California region.”

This latest expansion comes as Shea develops a new shopping center in West Ventura County called The Collection. Set to open in 2012, the 600,000-square-foot retail hub will include a Target, Whole Foods, REI and Century Theatres.

Farther down the coast, Shea Properties has finalized plans to begin construction on a highly anticipated shopping center in San Diego, near the Coronado Bridge, that will include the Northgate Gonzales Market along with 92 affordable apartment units. The project is a cornerstone of San Diego’s Barrio Logan community revitalization.

“I am very pleased that the community of Barrio Logan is welcoming a development that has been the vision of the community for a long time,” said San Diego City Councilmember David Alvarez. “This project will spur small business, create jobs and enhance the neighborhood.”

The 42-year-old property management company acquires, constructs, designs and manages shopping centers, apartment communities and mixed-use environments throughout California, Colorado and Arizona. Its portfolio of services covers approximately 6,300 apartment units and 6 million square feet of office, industrial and retail space.

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