Guthrie Development is a small but fast-growing building and real estate investment company. CAM, to be renamed Guthrie Asset Management Co., manages more than $25 million in assets. Both companies are based here in South Orange County.
CAM will be used for property and asset management of all GDC projects, in addition to third-party properties. The acquisition of CAM is part of GDC's growth strategy, as the firm has been buying up multi-tenant industrial parks to generate long-term income.
"This strategy compliments our development activity by providing a stable cash flow and a network of tenants who may become future building buyers," says Rob Guthrie, the founder and president of Guthrie Development.
A string of mergers has dotted the commercial real estate landscape in recent months, as companies seek new marketing synergies while avoiding the need to start new offices from scratch. Last month, New York-based Cushman Realty Corp. announced plans to merge with LA-based Cushman Realty in a move that will strengthen C&W's Southern California presence while expanding Cushman Realty's global capabilities and contacts.
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