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COMMERCIAL REAL ESTATE NEWS
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Voit sees 40 percent jump in revenue

Uptick is a result of the firm's 'boots on the ground' approach to commercial real estate.

By Amanda EdenPublished: August 16, 2010 02:10 PM

Newport Beach-based Voit Real Estate Services is reporting positive results for the first half of the year, due largely to its new "boots on the ground" approach.

The commercial real estate firm's Orange County revenue is up 40 percent for the year so far, compared to the same period in 2009. At the same time, Voit has brought on a total of eight new brokers, including three recent hires for its Anaheim office.

“Voit Real Estate Services’ Orange County brokerage operations are winning the battle,” said Kurt Strasmann, managing director for the O.C. division. "Voit’s commitment to having ‘boots on the ground’ is not just a matter of geographic reach, but is also a matter of depth within each market."

The newest brokers are David Fults, formerly of CB Richard Ellis; Ryan Lewis, who most recently worked for Grubb & Ellis Co.; and Morgan Hill, who holds more than two years of sales experience with Volcom.

"The new real estate professionals Voit is bringing on board are market leaders in their local geographies and possess strong real estate knowledge," said Strasmann.

Since its inception in 1971, Voit has owned, developed and managed more than 45 million square feet of commercial real estate. The firm has participated in $1.3 billion worth of construction projects and has completed more than $32 billion in brokerage transaction volume.

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