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Westlake Assumes Management of 49 Powell Office Building in San Francisco Westlake has recently undertaken the management of 49 Powell Street, a six-story office building located between Union Square and Civic Center in downtown San Francisco. This area is considered to contain some of the city's most desirable commercial buildings. "The management team look forward to working together with the tenants of this well-located building," said Robert Klag, CEO of Westlake Realty Group. "We believe that our experience, transparent and efficient property management systems, and our strength in accounting processing will satisfy our most discriminating owners and tenants." The building, which is located at 49 Powell Street in San Francisco has been fully seismically upgraded and features operable windows as well as ADA-compliant restrooms. Its excellent natural light enhances office spaces and enables tenants to control energy consumption. back to top Westlake Assumes Management of Sacramento Apartment Complex Westlake has begun management of Sacramento’s Magnolia Court Apartments . This attractive, market-rate housing development of spacious one- and two-bedroom units is located on Myrtle Avenue, directly across from the American River College. It is convenient to the I-80 freeway, public transportation, shopping, and restaurants. The owner of this property also owns the Marymount Place Apartments in San Mateo. "Westlake looks forward to working with Magnolia Court’s owner and serving its tenants. We have already invested significant time in becoming familiar with the complex and plan to build on what has already been accomplished here," said Steven McDonald, vice president and general manager, residential properties. "Magnolia Court is regarded as a highly desirable place to live, and we will to continue to enhance its reputation for excellence in the community.” Set in an intimate, garden-style landscape, Magnolia Court is comprised of 64 apartments, each with a patio or balcony and an open plan kitchen. All units are air conditioned and offer free WiFi Internet access. The controlled-access complex features reserved covered parking, laundry facilities, and a swimming pool, as well as onsite management and maintenance. back to top Why Property Management Will Gain More Importance in a Down Market by Hans Hansson In good times with lower vacancies and higher rents, the importance of providing the highest standards of property management is not always emphasized. In fact, in a recent poll of commercial landlords the majority felt that property management firms were overall not very good. Some of the things that were pointed out were: the revolving door of property managers that came and went through their projects; lack of flexibility in accounting reports; poor follow through; lack of competing bidding on repairs and projects; and, mistakes made in operating expense pass-through calculations. Several landlords note unless you were a large REIT that the larger commercial property management firms treated them with less service overall.

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