Brooks Street buoys enthusiasm of Asian realty investors
Real estate sales and prices are on an upswing in California, thanks in part to Asian-born buyers who are driving up demand in cities such as Los Angeles, Irvine and Orinda near San Francisco.
Real estate sales and prices are on an upswing in California, thanks in part to Asian-born buyers who are driving up demand in cities such as Los Angeles, Irvine and Orinda near San Francisco.
With development projects on a similar growth path, Brooks Street is well-positioned to help investors and developers navigate through the state's complex land use laws and processes.
Backed by veteran players in real estate development and complicated asset management, Brooks Street ensures that visions are achieved seamlessly through its range of homebuilding and land use projects, and master-planned communities.
"Our goal is to change land into legacy," says managing principal Neil Brandom, who co-founded Brooks Street with Scott Goldie and Chris Yelich. "As a fully featured, California-focused developer, we are also a problem-solving entity - not too big or too small, but we manage the business hands-on," Brandom says.
With offices in Newport Beach and Walnut Creek, the leading real estate company is changing the landscape of California as it executes more than US$1.5 billion worth of real estate projects. These include a 235-unit, high-end, single-family housing project in Orinda named Wilder and a 162-hectare master-planned community development along the Pacific Coast Highway called the Newport Banning Ranch, among others. While Brooks Street also offers building and sales services, the company is open to working with other builders and developers from Asia to ensure the competitiveness and diversity of its projects. Applying a collaborative approach, Brooks Street brings developers, investors and buyers together as it acts as a conduit between its Western markets and Eastern networks.
"Chinese partners are bringing this vibrancy, which is very refreshing," Brandom says.
"We collaborate to shrink the cultural gap and we help development partners and investors look good as they fulfil their vision. While we convey the challenges of investing in the United States, we also simplify their participation so they stay enthusiastic."
