Centurion Real Estate Partners is positioning itself as a turnaround specialist in the condominium market, focusing on revitalizing sales at its Mandarin Oriental Residences and The Harland in Los Angeles. John Tashjian, the managing partner, highlights the growing interest in vertical living in the region, noting that condo sales rose nearly 20% year-over-year in the first quarter. The firm is optimistic about expanding its presence in Los Angeles while working with Compass Development Marketing to cater to different demographics across the properties, which they view as complementary rather than competitive.
We're seeing the market respond to vertical living and we're hopeful to be part of that growth in L.A., Tashjian said.
The number of condo sales in the first quarter jumped nearly 20 percent from a year earlier to 470 deals in the greater Los Angeles area.
Collection
[
|
...
]